Written answers

Tuesday, 22 September 2020

Department of Finance

Universal Social Charge

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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267. To ask the Minister for Finance the estimated amount expected to be raised by the universal social charge in 2020. [25574/20]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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My Department is currently undertaking work on a full set of economic and fiscal forecasts as part of the preparation for Budget 2021.

In this process, my officials will make a projection of the 2020 outturn for Income Tax, including the component accounted for by the Universal Social Charge (USC) and will be able to provide the Deputy with the requested estimate at that stage. The actual outturn for USC for the year will be published by the Revenue Commissioners in 2021.

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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268. To ask the Minister for Finance the estimated amount expected to be raised by the universal social charge from tax units paying more than €90,000. [25575/20]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that an estimated €1.74bn is projected to be raised by the Universal Social Charge (USC) from taxpayer units earning more than €90,000 per annum. This is a pre-Budget 2021 estimate and is subject to revision.

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