The National Training Fund Act, 2000 provides for the imposition of a levy on employers in respect of certain employees to be used to give skills or to raise skills amongst those in, or seeking employment. The levy on employers is 0.7% of reckonable earnings in respect of employees in Class A and Class H employments, which represents approximately 75% of all insured employees.
It is estimated that the current levy on employers will generate €382 million in 2016. Based on this level of receipt, increases in the levy will generate the following annual income: 1% €546 million, 2% €1.092 billion and 3% €1.638 billion.