Written answers

Tuesday, 27 July 2021

Department of Finance

Universal Social Charge

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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433. To ask the Minister for Finance the estimated amount expected to be raised by the universal social charge in 2021. [41172/21]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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According to forecasts carried out by my Department as part of the Stability Programme Update, the Universal Social Charge is projected to raise €4 billion in 2021. The full set of fiscal projections will be updated as part of the Budget 2022 in October.

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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434. 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. [41173/21]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that an estimated €2bn is projected to be raised by the Universal Social Charge (USC) from taxpayer units earning more than €90,000 per annum. This estimate is based on projected incomes for 2021 and is subject to revision.

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