Written answers
Tuesday, 15 May 2018
Department of Finance
Universal Social Charge Exemptions
Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
195. To ask the Minister for Finance the estimated cost of exempting earners at or below €20,800 from USC. [21226/18]
Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
196. To ask the Minister for Finance the estimated cost of exempting earners at or below €19,698 from USC. [21227/18]
Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
197. To ask the Minister for Finance the estimated cost of exempting earners at or below €20,176 from USC. [21228/18]
Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
198. To ask the Minister for Finance the estimated cost of exempting earners at or below €20,384 from USC. [21229/18]
Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
199. To ask the Minister for Finance the estimated cost of exempting earners at or below €20,592 from USC. [21230/18]
Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
200. To ask the Minister for Finance the estimated cost of exempting earners at or below €20,280 from USC. [21231/18]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I propose to take Questions Nos. 195 to 200, inclusive, together.
I am advised by Revenue that the estimated costs of increasing the exemption threshold for USC to the levels set out by the Deputy are given in the following table:
USC Exemption Threshold € | First Year €m | Full Year €m |
---|---|---|
19,698 | 48 | 57 |
20,176 | 54 | 63 |
20,280 | 55 | 65 |
20,384 | 56 | 66 |
20,592 | 58 | 69 |
20,800 | 61 | 72 |
These estimates have been generated by reference to 2018 incomes as calculated on the basis of actual data for the year 2015, the latest year for which returns are available, adjusted as necessary for income, self-employment and employment trends in the interim. The estimates are provisional and may be revised.
No comments