Arthur Spring
Ceist:204. Deputy Arthur Spring asked the Minister for Finance if he considers the universal social charge to be an income tax; and if he will make a statement on the matter. [36780/13]
Amharc ar fhreagraThursday, 18 July 2013
Ceisteanna (204)
Freagraí scríofa
The position is that Section 12 of the Taxes Consolidation Act 1997 provides that Income tax is chargeable on all property, profits and gains described in Schedules C, D, E and F. These Schedules are defined in sections 17, 18, 19 and 20 of the Taxes Consolidation Act 1997.
Universal social charge is a tax on income specified in the Table to section 531AM of the Taxes Consolidation Act 1997. Therefore, while universal social charge is a tax on income, it is not income tax within the meaning of the Income Tax Acts.