Written answers
Tuesday, 27 July 2021
Department of Finance
Universal Social Charge
Richard 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]
Paschal 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.
Richard 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]
Paschal 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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