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Dáil Éireann Debate, Tuesday - 3 March 2015

Tuesday, 3 March 2015

Questions (206)

Terence Flanagan

Question:

206. Deputy Terence Flanagan asked the Minister for Finance if he will address a matter (details supplied) regarding taxation; and if he will make a statement on the matter. [8968/15]

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Written answers

I am advised by the Revenue Commissioners that a wide range of statistical information is now available on their new, enhanced, statistics web page at www.revenue.ie/en/about/statistics/index.html. Tax credits, the standard rate cut off point and the age exemptions amounts are published in Revenue's Statistical Reports, available here http://www.revenue.ie/en/about/publications/statistical-reports.htm, in the "Income Tax" chapter for each year up to 2012.

As regards the years 2013  to 2015 (inclusive), details are set out as follows:

2013 and 2014

Tax Credit

2013 €

2014 €

Single Person

1,650

1,650

Married or in a Civil Partnership

3,300

3,300

PAYE Credit

1,650

1,650

Widowed Person or Surviving Civil Partner (without dependent children)

2,190

2,190

One Parent Family Tax Credit

1,650

Abolished

Single Person Child Carer Tax Credit

-

1,650

Incapacitated Child Credit Max

3,300

3,300

Blind Tax Credit:

Single Person

Married or in a Civil Partnership - One Spouse or Civil Partner Blind

Married or in a Civil Partnership - Both Spouses or Civil Partners Blind

 

1,650

1,650

 

3,300

 

1,650

1,650

 

3,300

Widowed Parent:

     Bereaved in 2013

     Bereaved in 2012

     Bereaved in 2011

     Bereaved in 2010

     Bereaved in 2009

     Bereaved in 2008

 

-

3,600

3,150

2,700

2,250

1,800

 

3,600

3,150

2,700

2,250

1,800

-

Age Tax Credit:

Single or Widowed or Surviving Civil Partner

Married or in a Civil Partnership

245

490

245

490

Dependent Relative

70

70

Home Carer

810

810

 

Tax Rates and Tax Bands .

Personal Circumstances

2013

2014

Single or Widowed or  Surviving Civil Partner, without dependent children

32,800 @ 20%

Balance @ 41%

32,800 @ 20%

Balance @ 41%

Single or Widowed or  Surviving Civil Partner, qualifying for

One Parent Family Tax Credit (2013), Single Person Child Carer Tax Credit (2014)

36,800 @ 20%

Balance @ 41%

36,800 @ 20%

Balance @ 41%

Married or in a Civil Partnership, one Spouse or Civil Partner with Income

41,800 @ 20%

Balance @ 41%

41,800 @ 20%

Balance @ 41%

Married or in a Civil Partnership, both Spouses or Civil Partners with Income

41,800 @ 20%

with increase of

23,800 max.

Balance @ 41%

41,800 @ 20%

with increase of

23,800 max.

Balance @ 41%

 

Age Exemption Limits

Personal Circumstances

2013

2014

Single or Widowed or a Surviving Civil Partner, 65 years of age & over

18,000

18,000

Married or in a Civil Partnership, 65 years of age & over

36,000

36,000

The above exemption limits are increased by €575 for each of the first two dependent children and by €830 for the third and subsequent children.

UNIVERSAL SOCIAL CHARGE (USC)The Standard Rates of USC 

USC Thresholds

-

2013 & 2014

-

Income

Rate

Income up to €10,036.00

2%

Income from €10,036.01 to €16,016.00

4%

Income above €16,016.00

7%

The Reduced Rates of USC 

USC Thresholds

-

2013 & 2014

-

Income

Rate

Income up to €10,036.00

2%

Income from €10,036.01 to €16,016.00

4%

Income above €16,016.00

7%

 

The Exempt Categories of USC

2013 & 2014

Where an individual's total income for a year does not exceed €10,036

All Department of Social Protection payments

Income already subjected to DIRT

 

3% Surcharge (non-PAYE income)

A surcharge of 3% applies on non-PAYE  income that exceeds €100,000 in a year, regardless of age.

2015

Tax Credit

2015 €

Single Person

1,650

Married or in a Civil Partnership

3,300

PAYE Credit

1,650

Widowed Person or Surviving Civil Partner (without dependent children)

2,190

Single Person Child Carer Tax Credit

1,650

Incapacitated Child Credit Max

3,300

Blind Tax Credit:

Single Person

Married or in a Civil Partnership - One Spouse or Civil Partner Blind

Married or in a Civil Partnership - Both Spouses or Civil Partners Blind

 

1,650

1,650

3,300

Widowed Parent:

     Bereaved in 2015

     Bereaved in 2014

     Bereaved in 2013

     Bereaved in 2012

     Bereaved in 2011

     Bereaved in 2010

 

-

3,600

3,150

2,700

2,250

1,800

Age Tax Credit:

Single or Widowed or Surviving Civil Partner

Married or in a Civil Partnership

 

245

490

Dependent Relative

70

Home Carer

810

Tax Rates and Tax Bands

Personal Circumstances

2015

Single or Widowed or  Surviving Civil Partner, without dependent children

33,800 @ 20%

Balance @ 40%

Single or Widowed or  Surviving Civil Partner, qualifying for

Single Person Child Carer Credit

37,800 @ 20%

Balance @ 40%

Married or in a Civil Partnership, one Spouse or Civil Partner with Income

42,800 @ 20%

Balance @ 40%

Married or in a Civil Partnership, both Spouses or Civil Partners with Income

42,800 @ 20%

with increase of

24,800 max.

Balance @ 40%

  

Age Exemption Limits

Personal Circumstances

2015

Single or Widowed or a Surviving Civil Partner, 65 years of age & over

18,000

Married or in a Civil Partnership, 65 years of age & over

36,000

The above exemption limits are increased by €575 for each of the first two dependent children and by €830 for the third and subsequent children.

UNIVERSAL SOCIAL CHARGE (USC)

The Standard Rates of USC

USC Thresholds

-

-

-

2014

-

2015

-

 -

Rate

 -

Rate

Income up to €10,036.00

2%

Income up to €12,012.00

1.5%

Income from €10,036.01 to €16,016.00

4%

Income from €12,012.01 to €17,576.00

3.5%

Income above €16,016.00

7%

Income from €17,576.01 to €70,044.00

7%

 -

-

Income above €70,044.00

8%

 

The Reduced Rates of USC

USC Thresholds

-

-

-

Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less.

 

Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less.

-

-

-

2014

Rate

2015

Rate

Income up to €10,036.00

2%

Income up to €12,012.00

1.5%

Income above €10,036.00

4%

Income above €12,012.00

3.5%

 

The Exempt Categories

2015

Where an individual's total income for a year does not exceed €12,012

All Dept of Social Protection payments

Income already subjected to DIRT

 

3% Surcharge (non-PAYE income)

A surcharge of 3% applies on non-PAYE income that exceeds €100,000 in a year, regardless of age.

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