TAX STATISTICS
Main Income Tax Credits,  Bands and Rates

2017 2016

Personal Tax Credits

Single Person   1,650  1,650 
Married Persons    3,300  3,300 
Additional for One Parent Family 1,650 1,650
PAYE 1,650 1,650
Earned Income Credit  950 550
 Home Carer  1,100   1,000
Exemption Limits 65 Years & over
Single/ Widowed 18,000     18,000
Married Persons  36,000 36,000
Standard Rate Bands
Single /Widowed                                              33,800 33,800
Married Couples – One Income  42,800 42,800
Married Couples – Two Incomes 65,600 

65,600

One parent / Widowed parent 38,800 38,800
Income Tax Rates
Standard Rate  20%  20% 
Higher Rate 40% 40%

Universal Social Charge – 2017

Income up to €12,012 

         0.5%

On the next €6,656  2.5%  
On the next €51,376 5.0%  
On the Balance  8%
 Self Employed – Income over €100,000   11.0%
Universal Social Charge – 2016
Income up to €12,012  1.0%  
On the next €6,656  3%  
On the next €51,376 5.5%  
On the Balance  8.0%  
 Self Employed – Income over €100,000    11.0%
Corporation Tax
Standard Rate                  12.5%
Higher Rate                      25.0%
The standard rate applies to all Trading Income.
The Higher rate applies to Interest Income, Investment Income and rental Income.
Value Added Tax (VAT)
Standard Rate @ 23%                            

Applies to all goods & services that are not Exempt or liable at Zero or Reduced Rates.

Reduced Rate @ Currently 13.5%

Applies to certain fuels, buildings, construction services and certain newspapers,  etc.

 Lower Rate  9%          

Cooked Meals, Hotel accomodation, Hairdressing, etc

Applies to certain food items, children’s clothing, medicines and goods which are exported

 

VAT Exempt     Zero Rated

Applies to Financial, Medical and Insurance services, admission to sporting events and  funeral undertaking.


For more details on VAT Categories, Rates, etc, visit
www.revenue.ie/en/tax/vat/index.html

Capital Gains Tax (CGT)

Rates of CGT    

 For Sales made after 5 December 2012For Sales made since 6 December 2011For Sales made since 7 April 2009           25% 33% 30%
For Sales made between 14 October 2008 and 7 April 2009              22%
For Sales made prior to 14 October 2008                                             20%
Payment Dates for CGT

For sales made since 2009

Sales made between 1 January and 30 November      – 14 December of current year
Sales made between 1 December and 31 December   –  31 October of following year
For sales made in 2008 and prior
Sales made between 1 January and 30 September       –  31 October of current year

Sales made between 1 October and 31 December       –

31 January of following year
Capital Acquisitions Tax (CAT)

Rates of CAT

From 5th December 2012                   33%

 
For Gifts/Inheritances received between 7 April 2009 and 6 December 2011 25%
For Gifts/Inheritances received between 14 October 2008 and 7 April 2009 22%
For Gifts/Inheritances received prior to 14 October 2008 20%
Thresholds for CAT (effective from 11/10/2016) 
Group A (Parent to Child) 

€310,000

Group B (Other Relatives generally)  €  32,150
Group C (All other persons)  €  16,250

For more detailed information regarding Threshold categories see Revenue Website or contact our office.

 

ADDRESS


JC WALSHE & CO
4 The Market Yard
Enfield
Co. Meath
TEL:046 9541155>

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