Revenue eBrief 014/2022 – Universal Social Charge

Revenue eBrief No. 014/22

Tax and Duty Manual Part 18D-00-01 – Universal Social Charge – has been updated to reflect the following Finance Act 2021 changes;

Increase in the USC rate threshold in line with increases to the National Minimum Wage (Paragraph 4)
Exemption of income in respect of the Pandemic Placement Grant (s. 197I TCA 1997) and certain profits of micro-generation of electricity (s. 216D TCA 1997) (Paragraph 12.2)
Extension of the reduced rate of USC for medical card holders for a further year (extended to 2022) (Paragraph 13).