Written answers
Tuesday, 21 November 2023
Department of Employment Affairs and Social Protection
Social Insurance
Catherine Murphy (Kildare North, Social Democrats)
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340. To ask the Minister for Employment Affairs and Social Protection the estimated full-year yield that would be generated by raising by 0.2% rate of employers' PRSI. [50930/23]
Heather Humphreys (Cavan-Monaghan, Fine Gael)
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The estimated additional full-year yield that would be generated by raising both the lower and higher employer PRSI class A rates by 0.2% to 9% and 11.25% respectively is €216 million.
These estimates do not take into account any possible changes in employer behaviour arising from changing the rate of employer PRSI.
I trust this clarifies the matter for the Deputy.
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