Dáil Éireann Debate, Tuesday - 27 July 2021
1267. Deputy Ged Nash asked the Minister for Further and Higher Education, Research, Innovation and Science the projected yield from a 0.1% increase in 2021 in the national training fund levy; and if he will make a statement on the matter. [39882/21]
View answer1268. Deputy Ged Nash asked the Minister for Further and Higher Education, Research, Innovation and Science the history of increases in the national training fund levy over the past five years in tabular form; the projected yield at budget time of each 0.1% increase in tabular form; the actual yield in the full year following the increase; and if he will make a statement on the matter. [39883/21]
View answerI propose to take Questions Nos. 1267 and 1268 together.
The following table sets out for the years 2015 to 2021 the national training fund levy; levy income; the projected yield at budget time of each 0.1% increase; the actual yield in the full calendar year following the increase.
|
Year |
NTF Levy Rate |
NTF Levy Income |
Projected Yield for each 0.1% increase in NTF levy |
Actual Yield for each 0.1% increase in NTF levy |
|
2015 |
0.7% |
€364m |
N/A |
N/A |
|
2016 |
0.7% |
€390m |
N/A |
N/A |
|
2017 |
0.7% |
€431m |
N/A |
N/A |
|
2018 |
0.8% |
€565m |
€58m |
€71m |
|
2019 |
0.9% |
€712m |
€82m |
€79m |
|
2020 |
1.0% |
€717m |
€96m |
€72m |
|
2021 |
1.0% |
Not yet available |
€79m |
Not yet available |
Calculations of the yield have been obtained from the Department of Employment Affairs and Social Protection (DEASP).
It should also be noted that only the contributions from the private sector estimated yield increases are taken into account when increasing the national training fund spending limits. The 0.1% increases in each of the three years from 2018 to 2020 resulted in the national training fund spending limits increasing by €47m in 2018, €69m in 2019 and €74m in 2020.
