Michael McGrath
Question:60. Deputy Michael McGrath asked the Minister for Finance the cost of reducing the 11% universal social charge rate for the self-employed to 8%; and if he will make a statement on the matter. [10647/15]
View answerWednesday, 11 March 2015
Questions (60)
Written answers
I am informed by the Revenue Commissioners that the estimated first and full year cost to the Exchequer of abolishing the Universal Social Charge surcharge of 3% on self-employed income in excess of €100,000 is €54 million and €125 million respectively.
All figures above are estimates for 2015, using the actual data for the year 2012 (the latest year for which data are available) adjusted as necessary for income, self-employment and employment trends in the interim. They are provisional and may be revised.