Budget 2016 is the first time where a significant number of Irish taxpayers will benefit from the economic recovery the Country has witnessed over the last 12-18 months.

Key Measures

The Key measures include:

  • A reduction in the rates of USC for low and middle income earners
  • An increase in the Class A, CAT threshold from €225,000 to €280,000
  • A new tax credit for the self employed valued at €550 to increase over the next 2 years
  • A reduction in the rate of CGT to 20% on taxable gains of up to €1 million earned by qualifying entrepreneurs

HSOC Budget Highlights 2016.pdf

Please see a link above to our newsletter which details Budget 2016 provisions. In addition, it shows the 2015 and 2016 rates and tax credits including a comparative summary of the USC rates.