Tuesday, 23 July 2019

Questions (243, 244)

Richard Boyd Barrett

Question:

243. Deputy Richard Boyd Barrett asked the Minister for Finance the estimated amount expected to be raised by the universal social charge in 2019. [33538/19]

View answer

Richard Boyd Barrett

Question:

244. Deputy Richard Boyd Barrett asked the Minister for Finance the estimated amount expected to be raised by the universal social charge, USC from tax units paying more than €90,000. [33539/19]

View answer

Written answers (Question to Finance)

I propose to take Questions Nos. 243 and 244 together.

An estimated €3.8 billion will be raised by the Universal Social Charge (USC) in 2019.

In relation to Question 33539/19, it is assumed the Deputy is referring to taxpayer units earning in excess of €90,000. An estimated €2.2 billion will be raised in USC from such taxpayer units in 2019.

These figures are based on projected 2019 incomes, calculated on the basis of actual data for the year 2016, the latest year for which returns are available, and adjusted as necessary for income, self-employment and employment trends in the interim.