Pat Cox
Ceist:66 Mr. Cox asked the Minister for Finance in respect of the situation which prevails after the 1994 budget if he will update the response given to Parliamentary Question No. 97 of 6 May 1993.
Written Answers. - Budget Tax Tables.
The information sought, in so far as it is available, is set out in the following tables. The information is set out on the basis of tax years since this is the format in which it is recorded. Data which would allow of a meaningful comparison with other OECD/EU countries is not readily available.
TABLE A.
The cost to an employer for the 1993-94 tax year, of giving a £1 nett increase to an employee is estimated as follows:
(a) Single employee 1994-95 Tax Year.
Single.
|
Income Range |
Tax Rate |
PRSI and levies rate |
Cost to employer of £1 per week increase |
|
£ |
|||
|
Up to £3,120 |
Exempt |
ER 9.0 |
1.09 |
|
EE — |
|||
|
£3,121 to £3,3600 |
Exempt |
ER 9.0 |
1.15 |
|
EE 5.5 |
|||
|
£3,601 to £3,941 |
Marginal Relief |
ER 9.0 |
2.00 |
|
40% |
EE 5.5 |
||
|
£3,942 to £9,000 |
27% |
ER 9.0 |
1.61 |
|
EE 5.5 |
|||
|
£9,001 to £11,636 |
27% |
ER 12.2 |
1.72 |
|
EE 7.75 |
|||
|
£11,637 to £20,900 |
48% |
ER 12.2 |
2.54 |
|
EE 7.75 |
|||
|
£20,901 to £25,800 |
48% |
ER 12.2 |
2.26 |
|
EE 2.25 |
|||
|
£25,801 and over |
48% |
ER 0.0 |
2.01 |
|
EE 2.25 |