"There will be "targeted changes" to the Universal Social Charge (USC) from January 1, the Finance Minister has announced. Paschal Donohoe said the 2pc rate band for USC will therefore rise by 1,318 euros to 28,700 euros. He said this will ensure full-time workers on minimum wage will remain outside the top rates of USC, and give a "modest benefit to all workers"."
"He said this will ensure full-time workers on minimum wage will remain outside the top rates of USC, and give a "modest benefit to all workers". On the overall Budget, Mr Donohoe said there was "limited" scope for "significant personal tax changes", but said the Government "will stand by" commitments to make progressive changes for income tax over the full term."
Targeted changes to the Universal Social Charge will take effect from January 1. The 2% USC rate band will increase by €1,318 to €28,700. The increase ensures full-time workers on minimum wage remain outside the higher USC rate bands and provides a modest benefit to all workers. Overall Budgetary space for significant personal tax changes is limited. The government will stand by commitments to make progressive changes to income tax over the full term. The measure aims to protect low-income earners while modestly easing the tax burden across the workforce.
Read at Irish Independent
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