The earned income credit for the self-employed will be increasing by €200 to €1,350.
Minister for Finance Paschal Donohoe said: "For the 150,000 self-employed workers who make up an important part of our economy, the earned income credit will be increased by a further €200 to €1,350."
Amount: €48m across all self-employed taxpayersThe increase still falls short of the €1,650 tax credit enjoyed by single PAYE workers. It also falls short of a commitment made by the Government to equal the earned income and PAYE tax credit.The income tax band is also increased by €750 to €35,300, as the Government tries to appeal to the “squeezed middle”.The universal social charge (USC) rates will be adjusted, with the 4.75% rate applying to middle-income earners dropping to 4.5%.
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Budget 2019: everything farmers need to know
The earned income credit for the self-employed will be increasing by €200 to €1,350.
Minister for Finance Paschal Donohoe said: "For the 150,000 self-employed workers who make up an important part of our economy, the earned income credit will be increased by a further €200 to €1,350."
Amount: €48m across all self-employed taxpayersThe increase still falls short of the €1,650 tax credit enjoyed by single PAYE workers. It also falls short of a commitment made by the Government to equal the earned income and PAYE tax credit.The income tax band is also increased by €750 to €35,300, as the Government tries to appeal to the “squeezed middle”.The universal social charge (USC) rates will be adjusted, with the 4.75% rate applying to middle-income earners dropping to 4.5%. Read more
Budget 2019: everything farmers need to know
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