Written answers

Thursday, 4 July 2024

Department of Finance

Universal Social Charge

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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234. To ask the Minister for Finance the estimated full-year cost of abolishing USC for all earners and replacing it with a higher income social charge of 10% on all earnings over 100,000 per year; the estimated revenue that would be generated by the introduction of this new higher income social charge; and if he will make a statement on the matter. [28799/24]

Photo of Jack ChambersJack Chambers (Dublin West, Fianna Fail)
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The Department of Finance has opened its pre-budget costings service, this is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.


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