Dáil Éireann Debate, Tuesday - 24 July 2018
2563. Deputy Richard Boyd Barrett asked the Minister for Employment Affairs and Social Protection the amount that would be collected if both current bands of employers' PRSI were increased by 2%; and if she will make a statement on the matter. [35024/18]
Amharc ar fhreagraIt is estimated that a 2% increase in the 8.6% rate of employer’s PRSI would yield €84 million in a full year. A similar 2% increase in the 10.85% higher rate of employer’s PRSI would yield €1,423.6 million in a full year.
These estimates are based on PRSI Class A contributors. They use the latest available data and reflect macro-economic indicators for 2019. It should be noted that these estimates do not take into account any possible changes in employer behaviour arising from changing rates of contribution.
