Tax Rates

• The Standard Rate remains at 20% and the Higher Rate is unchanged at 41% or 40% if Marginal Rate applies (the marginal rate is unchanged).
• The Sub-Contractor rate has changed it is now for sub contractors registered for tax with an established compliance record at 20%  and 35% for sub contractors not registered for tax.

The Bands of Taxable Income for the Tax Year are as follows:

• Single/Widowed € 32,800 (€ 36,400) @ 20% (without dependent children) Balance @ 41% or 40% if Marginal Rate applies
• Single/Widowed € 36,800 (€ 40,400) @ 20% (One-Parent Family Tax Credit) Balance @ 41% or 40% if Marginal Rate applies
• Married Couple € 41,800 (€ 45,400) @ 20% (one spouse with income) Balance @ 41% or 40% if Marginal Rate applies
• Married Couple € 41,800 – 65,600 (€ 45,400 – 72,800) @ 20% (both spouses with income) Balance @ 41% or 40% if Marginal Rate applies

Tax Credits

 Entitlement to a tax credit is dependent on personal circumstances e.g. married, non-PAYE income etc., the basic annual tax credits have changed as follows:

• Single € 1,650 (€ 1,830)
• Married € 3,300 (€ 3,660)
• PAYE € 1,650 (€ 1,830)