Richard Boyd Barrett
Ceist:564. Deputy Richard Boyd Barrett asked the Minister for Social Protection the estimated amount that would be raised by increasing the employers rate of PRSI by 2%. [25581/20]
Amharc ar fhreagraTuesday, 22 September 2020
Ceisteanna (564)
Freagraí scríofa
The estimated additional revenue that would be raised by increasing the two employers’ rates of PRSI by 2%, that is from 8.80% to 10.80% and 11.05% to 13.05%, would be €1.6 billion.
This estimate does not take into account any possible changes in employer behaviour arising from increasing the rate. Nor does it take into consideration any of the impacts arising from the measures being taken to deal with the COVID-19 pandemic.
I trust this clarifies the matter for the Deputy.