Written answers
Tuesday, 22 September 2020
Department of Finance
Universal Social Charge
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source
267. To ask the Minister for Finance the estimated amount expected to be raised by the universal social charge in 2020. [25574/20]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
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.
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source
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]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
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.
No comments