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Rate of charge and personal tax credits
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9. As respects the year of assessment 2024 and subsequent years of assessment, the Principal Act is amended—
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(a) in section 15—
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(i) in paragraph (i) of subsection (3), by the substitution of “€33,000” for “€31,000”, and
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(ii) by the substitution of 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 taxable income
(1)
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Rate of tax
(2)
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Description of rate
(3)
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The first €42,000
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20 per cent
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the standard rate
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The remainder
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40 per cent
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the higher rate
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PART 2
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Part of taxable income
(1)
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Rate of tax
(2)
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Description of rate
(3)
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The first €46,000
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20 per cent
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the standard rate
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The remainder
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40 per cent
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the higher rate
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PART 3
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Part of taxable income
(1)
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Rate of tax
(2)
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Description of rate
(3)
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The first €51,000
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20 per cent
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the standard rate
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The remainder
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40 per cent
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the higher rate
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”,
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(b) in section 461—
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(i) in paragraph (a), by the substitution of “€3,750” for “€3,550”,
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(ii) in paragraph (b), by the substitution of “€3,750” for “€3,550”, and
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(iii) in paragraph (c), by the substitution of “€1,875” for “€1,775”,
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(c) in section 462B, in subsection (3), by the substitution of “€1,750” for “€1,650”,
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(d) in section 465, in subsection (1), by the substitution of “€3,500” for “€3,300”,
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(e) in section 466A, in subsection (2), by the substitution of “€1,800” for “€1,700”,
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(f) in section 472, in subsection (4), by the substitution of “€1,875” for “€1,775” in each place where it occurs, and
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(g) in section 472AB—
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(i) in subsection (2), by the substitution of “€1,875” for “€1,775” in each place where it occurs, and
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(ii) in subsection (3), by the substitution of “€1,875” for “€1,775” in each place where it occurs.
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