Pearse Doherty (Donegal, Sinn Fein)
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228. To ask the Minister for Employment Affairs and Social Protection the revenue raised by introducing a higher rate of employers’ PRSI, at 12.05%, 13.05% and 13.55% respectively, in the portion of employee earnings greater than €100,000, in first- and full-year terms. [27012/23]

Heather Humphreys (Cavan-Monaghan, Fine Gael)
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Based on 2019 data to include projected growth in earnings and employments, the following tables provide the estimated additional revenue raised by introducing a higher rate of employers’ PRSI, at 12.05%, 13.05% and 13.55% respectively, in the portion of employee earnings greater than €100,000, in full-year terms. My department does not have a first year cost estimate given that such an estimate would require a fuller analysis to be undertaken.

The estimates being provided relate to 2019 data as it is considered that the data relating to 2020 and 2021 are inappropriate for estimating given the level of disruption to employment-related activity arising from the Covid-19 pandemic during those two years.

These estimates do not take into account any possible changes in employer behaviour arising from changing the rate of employer PRSI contribution.

I trust this clarifies the matter for the Deputy.