Revenue eBrief No. 014/22

20 January 2022

Universal Social Charge

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).