Finance Act 2011

Chapter 3

Income Tax

Amendment of section 15 (rate of charge) of Principal Act.

4.— As respects the year of assessment 2011 and subsequent years of assessment, section 15 of the Principal Act is amended—

(a) in subsection (3)(i) by substituting “€23,800” for “€27,400”, and

(b) by substituting the following Table for the Table to that section:

“TABLE

PART 1

Part of taxable income

Rate of tax

Description of rate

(1)

(2)

(3)

The first €32,800

20 per cent

the standard rate

The remainder

41 per cent

the higher rate

PART 2

Part of taxable income

Rate of tax

Description of rate

(1)

(2)

(3)

The first €36,800

20 per cent

the standard rate

The remainder

41 per cent

the higher rate

PART 3

Part of taxable income

Rate of tax

Description of rate

(1)

(2)

(3)

The first €41,800

20 per cent

the standard rate

The remainder

41 per cent

the higher rate

”.