Róisín Shortall
Question:1012. Deputy Róisín Shortall asked the Minister for Employment Affairs and Social Protection the estimated yield to the Exchequer in a full year for every 1% rise in employers' PRSI. [45189/18]
View answerTuesday, 6 November 2018
Questions (1012)
Written answers
The estimated yield to the Exchequer in a full year for each 1% increase in employer's PRSI is:
|
1% in the employer PRSI rate |
Increased revenue |
Employments affected |
|
Lower rate |
€42.5m |
807,744 |
|
Higher rate |
€736.1m |
2,142,497 |
|
Total |
€778.6m |
2,950,241 |
These estimates are based on PRSI Class A contributors. They use the latest available data and reflect macro-economic indicators for 2019. They also reflect the planned increase in the lower threshold for employers' PRSI from €376 to €386 from 1 January 2019.
It should be noted that these estimates do not take into account any possible changes in employer behaviour arising from changing rates of contribution.