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Chapter 2
Universal Social Charge
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Amendment of section 531AN of Principal Act (rate of charge)
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2. (1) Section 531AN of the Principal Act is amended—
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(a) in subsection (3) —
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(i) by substituting “€18,772” for “€18,668”, and
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(ii) by substituting “2.5 per cent” for “3 per cent”,
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(b) in subsection (3A)(a) by substituting “2.5 per cent” for “3 per cent”,
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(c) in subsection (5) by substituting “increased by the greater of” for “increased by”,
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(d) in subsection (6) by substituting “increased by the greater of” for “increased by”, and
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(e) by substituting the following Table for the Table to that section:
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“TABLE
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PART 1
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Part of aggregate income
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Rate of universal social charge
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(1)
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(2)
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The first €12,012
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0.5 per cent
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The next €6,760
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2.5 per cent
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The next €51,272
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5 per cent
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The remainder
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8 per cent
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PART 2
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Part of aggregate income
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Rate of universal social charge
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(1)
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(2)
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The first €12,012
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0.5 per cent
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The remainder
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2.5 per cent
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”.
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(2) Subsection (1) applies for the year of assessment 2017 and each subsequent year of assessment.
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