Written answers

Tuesday, 15 May 2018

Department of Finance

Universal Social Charge Exemptions

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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195. To ask the Minister for Finance the estimated cost of exempting earners at or below €20,800 from USC. [21226/18]

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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196. To ask the Minister for Finance the estimated cost of exempting earners at or below €19,698 from USC. [21227/18]

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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197. To ask the Minister for Finance the estimated cost of exempting earners at or below €20,176 from USC. [21228/18]

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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198. To ask the Minister for Finance the estimated cost of exempting earners at or below €20,384 from USC. [21229/18]

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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199. To ask the Minister for Finance the estimated cost of exempting earners at or below €20,592 from USC. [21230/18]

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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200. To ask the Minister for Finance the estimated cost of exempting earners at or below €20,280 from USC. [21231/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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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 €mFull Year €m
19,6984857
20,1765463
20,2805565
20,3845666
20,5925869
20,8006172

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.

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