Dáil Éireann Debate, Friday - 7 September 2018
173. Deputy Michael McGrath asked the Minister for Finance the estimated full year cost of removing the 3% universal social charge, USC, levy for non-PAYE income over €100,000; the number of persons it would impact; and if he will make a statement on the matter. [36816/18]
View answerI am advised by Revenue that the 3% USC levy for non-PAYE income over €100,000 is paid by approximately 12,400 taxpayer units.
Abolishing this surcharge would have an estimated full year cost to the Exchequer of the order of €125 million.
These estimates have been generated by reference to projected 2019 incomes, calculated on the basis of actual data for 2016, the latest year for which returns are available, and adjusted as necessary for income, self-employment and employment trends in the interim.
