John Paul Phelan
Question:209. Deputy John Paul Phelan asked the Minister for Finance the Exchequer returns for each USC bracket in 2020, 2021 and 2022; and if he will make a statement on the matter. [21144/23]
View answerTuesday, 9 May 2023
Questions (209)
Written answers
I am advised by Revenue that the breakdown of the number of taxpayer units paying USC at each USC rate and the amount of liability associated with each USC rate is set out in the following table. It is important to note that, in the table below, taxpayer units may be included in some or all of the USC rate categories depending on their income levels. For example,a taxpayer unit subject to the USC surcharge of 3 per cent on non-PAYE income above €100,000 per annum, will also be classified in the 2 per cent, 4.5 per cent and 8 per cent rate categories. The data relates to 2020, the latest year for which tax returns data are currently available for dissemination. Couples who are married or in a civil partnership and elect to be jointly assessed are counted as one taxpayer unit, in all other cases a taxpayer unit represents an individual taxpayer.
|
USC Rate |
Number of Taxpayer Units |
USC Liability (€m) |
|
2% |
1,822,800 |
514 |
|
4.5% |
1,466,000 |
1,822 |
|
8% |
301,800 |
1,426 |
|
Surcharge (3%) |
13,800 |
67 |
|
Total |
N/A |
€3,830 |
Regarding 2021 and 2022, while data is not yet available regarding the breakdown for each USC bracket, the table below highlights the total USC receipts for both years:
|
Year |
USC Receipts (€m) |
|
2022 |
4,895 |
|
2021 |
4,367 |