14 October 2014

Budget 2015 - potentially huge changes for Ireland




  • Double-Irish for existing companies will be phased out by 2020, and abolished entirely for new companies using it from January 2015.
  • Top rate of tax cut from 41% to 40% and threshold that top rate kicks in increased to €33,800.
  • Universal social charge begins at €12,000 (removing 80k people from the charge).
  • new rates of USC introducted at 8% on income > €70,000 and 11% for self employed earning over €100,000.
  • More details availble here: http://www.budget.gov.ie/Budgets/2015/2015.aspx