Tag Archives: Budget 2015

karl

Karl Monaghan

Budget 2015.

Does it suit YOU?

Karl’s Budget 2015 calculator (powered by TaxCalc.ie) now includes all of this afternoon’s data.

The calculator handles the following changes:

  • USC rates changed
  • Incomes of €12,012 or less are exempt
  • €0 to €12,012 @ 1.5%
  • €12,013 to €17,576 @ 3.5%
  • €17,577 to €70,044 @ 7%
  • €70,044 to €100,000 @8%
  • PAYE income in excess of €100,000 @ 8%
  • Self-employed income in excess of €100,000 @ 11%
  • Standard rate band of income tax increased by €1,000 from €32,800 to €33,800 for single individuals and from €41,800 to €42,800 for married one earner couples.
  • Top rate of income tax dropped from 41% to 40%
  • Extra €5 a month per child for Child Benefits

 

Click HERE

And there’s another 10 free TaxCalc iOS apps:
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In case you’re wondering how the numbers are checked, they’re tested against the Department of Finance’s Budget Documents.

90358852-1noonan

The electronics department at Arnott’s, Dublin (top) and Michael Noonan (above), Minister for Finance in the Dáil this afternoon.

– Child Benefit to rise €5 per child
– New 8% USC rate for those earning over €70,000
– Entry point for USC raised to above €12,000
– Water Charges Relief “worth up to” €100
– Income tax relief on water charges “up to max” of €500
– 41% Income Tax rate reduced to 40%
– Price of 20 cigarettes to rise by 40c from midnight
9% VAT rate to stay
– ‘Double Irish’* tax arrangement to be abolished

More as he delivers it.

RTÉ Budget 2015 Live (RTÉ)

*Will not affect existing companies availing of the Double Irish until 2020.