Dáil Éireann Debate, Thursday - 13 July 2023
511. Deputy Pearse Doherty asked the Minister for Social Protection the estimated revenue raised, in first- and full-year terms, from a 0.1% 0.5% and 1% point increase in the rate of employers’ PRSI, respectively. [35477/23]
View answerThe following table provides the estimated additional revenue raised by increasing both the lower and higher rate of employers’ PRSI by 0.1%, 0.5% and 1%. My department does not have a first year cost estimate given that such an estimate would require a fuller analysis to be undertaken.
|
Employer PRSI Rate Increase |
Additional Yield (€million) – Full Year 2024 |
|
0.1% |
110 |
|
0.5% |
550 |
|
1.0% |
1,100 |
These estimates do not take into account any possible changes in employer behaviour arising from changing the rate of employer PRSI contribution.
I trust this clarifies the matter for the Deputy.
