Taxes in Europe Database v2
Social Welfare (Consolidation) Act 2005.
Social security contributions are paid into a single social insurance fund by employees, employers and the self-employed. The fund covers the cost of accrued benefit entitlements for employees and self-employed (with subvention by the Exchequer if required).
Employer and employee contributions are based on the same definition of income.
In the case of employers - reckonable income from insurable employment including benefit in kind.
No allowances - employer contributions are paid on all income.
Employers pay social insurance contributions on employee income once it is €38 or more per week.
For Class A:Employers pay PRSI on all income at 10.75% (earnings over EUR 356/week) with a reduced rate of 8.5% for low-paid employees (earnings up to EUR 356/week). The PRSI rate is not split into separate rates by benefit type. The rates of 10.5% and 8.5% include a contribution towards the National Training Fund which is not included in Tax revenue figures for social contributions shown in this form.
Note that the previous reduced rate of 4.25% for low-paid employees was a temporary measure under the Government's Jobs Initiative (May 2011). The measure was effective from 01/07/2011 until 31/12/2013
Collector General in most cases. Certain special collections administered by Dept. of Social Protection.
For PRSI Class structure and rates see the following link http://www.citizensinformation.ie/en/social_welfare/irish_social_welfare_system/social_insurance_prsi/social_insurance_classes.html
Tax revenue shown above is the amount of actual social contributions which relates to employers (d6111).
There was a classification error in 2011, where money that should have been allocated to Income Tax/USC was allocated to social contributions. This lead to 2011 receipts for social contributions being overstated. In 2012, the social contributions were understated as the receipts were allocated back to Income Tax to make up for the classification error of 2011. This descibes the difference between 2011 and 2012 reciepts
Tax revenue for d6111 and d611 are shown below: