Pearse Doherty
Ceist:194. Deputy Pearse Doherty asked the Minister for Finance the estimated loss of revenue from abolishing the universal social charge in full. [21225/18]
Amharc ar fhreagraTuesday, 15 May 2018
Ceisteanna (194)
Freagraí scríofa
The loss to the Exchequer from abolishing USC would depend upon a number of factors, inter alia, the year in which it would end, labour market developments, and so on.
In 2018, the Universal Social Charge (USC) is projected to raise approximately €3.7 billion in Exchequer receipts terms. This represents approximately 17% of total expected income tax receipts and approximately 6% of the total expected tax receipts for 2018 based on Budget 2018 projections.