Written answers
Tuesday, 6 November 2018
Department of Employment Affairs and Social Protection
Tax Yield
Róisín Shortall (Dublin North West, Social Democrats)
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1012. To ask the Minister for Employment Affairs and Social Protection the estimated yield to the Exchequer in a full year for every 1% rise in employers' PRSI. [45189/18]
Regina Doherty (Meath East, Fine Gael)
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The estimated yield to the Exchequer in a full year for each 1% increase in employer's PRSI is:
| 1% in the employer PRSI rate | Increased revenue | Employments affected |
|---|---|---|
| Lower rate | €42.5m | 807,744 |
| Higher rate | €736.1m | 2,142,497 |
| Total | €778.6m | 2,950,241 |
These estimates are based on PRSI Class A contributors. They use the latest available data and reflect macro-economic indicators for 2019. They also reflect the planned increase in the lower threshold for employers' PRSI from €376 to €386 from 1 January 2019.
It should be noted that these estimates do not take into account any possible changes in employer behaviour arising from changing rates of contribution.
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