Terence Flanagan
Ceist: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]
Amharc ar fhreagraDáil Éireann Debate, Tuesday - 3 March 2015
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]
Amharc ar fhreagraI 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.