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Rate of charge and personal tax credits
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10. As respects the year of assessment 2023 and subsequent years of assessment, the Principal Act is amended—
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(a) in section 15—
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(i) in subsection (3)(i), by the substitution of “€31,000” for “€27,800”, 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
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Rate of tax
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Description of rate
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(1)
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(2)
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(3)
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The first €40,000
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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
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Rate of tax
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Description of rate
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(1)
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(2)
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(3)
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The first €44,000
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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
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Rate of tax
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Description of rate
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(1)
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(2)
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(3)
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The first €49,000
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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 “€3,550” for “€3,400”,
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(ii) in paragraph (b), by the substitution of “€3,550” for “€3,400”, and
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(iii) in paragraph (c), by the substitution of “€1,775” for “€1,700”,
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(c) in section 466A, in subsection (2), by the substitution of “€1,700” for “€1,600”,
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(d) in section 472, in subsection (4), by the substitution of “€1,775” for “€1,700” in each place where it occurs, and
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(e) in section 472AB—
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(i) in subsection (2), by the substitution of “€1,775” for “€1,700” in each place where it occurs, and
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(ii) in subsection (3), by the substitution of “€1,775” for “€1,700” in each place where it occurs.
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