Universal Social Charge (USC)

Dec 7

In an effort to rationalise the taxation system to some extent the minister has decided to abolish health levy and income levy and replace them with a universal social charge. The universal social charge has been touted as revenue neutral but as I haven not made my calculations I cannot confirm that yet. While this will go some way towards simplifying the administration and understanding of the income tax system there is still a long way to go.

Details of the universal social charge rates and annual thresholds are below.

0% < €4,004

2% €0 to €10,036

4% €10,037 to €16,016

7% > €16,016



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