Dáil Éireann Debate, Tuesday - 24 July 2018
456. Deputy Joan Burton asked the Minister for Education and Skills the yield to date in 2018 from the increase in the National Training Fund levy in budget 2018; the projected end of year yield; and if he will make a statement on the matter. [34861/18]
Amharc ar fhreagraThe impact of a 0.1% increase in the National Training Fund, NTF, levy from 0.7% to 0.8% was estimated in Budget 2018 as yielding €58 million in 2018, with €47.5 million available for increased expenditure.
In monitoring NTF income, the Department does not separately identify the yield resulting from the 0.1% increase. Overall NTF receipts from the levy for the period January to the end of June 2018, which are the latest available figures, amounted to €279 million. Income from the levy for the full year was estimated at €553 million in the Revised Estimates Volume 2018.
