I am informed by the Revenue Commissioners that the estimated first and full year cost to the Exchequer of reducing the Universal Social Charge (USC) on self-employed income in excess of €100,000 from 11% to 8% is €54 million and €125 million respectively.
All figures above are estimates for 2015, using the actual data for the year 2012 (the latest year for which data are available) adjusted as necessary for income, self-employment and employment trends in the interim. They are provisional and may be revised.