Dáil Éireann Debate, Tuesday - 22 September 2020
565. Deputy Richard Boyd Barrett asked the Minister for Social Protection the estimated additional revenue which could be generated by establishing a new band of employers' PRSI of 19.75% on incomes over €90,000 per year and to increase the existing 10.955% by 2% to 12.995%. [25588/20]
Amharc ar fhreagraThe estimated additional revenue that would be raised by establishing a new employer PRSI rate of 19.75% for incomes over €90,000 per year and increasing the PRSI rate for incomes not exceeding €90,000 per year from 11.05% to 13.05% while maintaining the lower PRSI rate of 8.80% for incomes not exceeding €395 per week, would be c.€2.6 billion.
This estimate does not take into account any possible changes in employer behaviour arising from increasing the PRSI rates. 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.
