Tax Tables 2017 Tax Tables 2015 Income Tax Tables 2015 Income Tax Rates ... Purcell Tax table 2005 18/03/2016 12:10 Page 3 Tax Tables Purcell McQuillan Tax Partners Benefit-In-Kind

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  • Tax Tables 2015

    Income Tax Rates

    Universal Social Charge - 2015

    Married/ Married/ Individual QualifyingSingle/ Civil Partnership Civil Partnership for Single Person

    Widowed One Income Two Incomes(1) Child Carer Tax Credit Rate

    2015 133,800 1-42,800 1-67,600 1-37,800 20%Balance Balance Balance Balance 40%

    2014 132,800 1-41,800 1-65,600 1-36,800 20%Balance Balance Balance Balance 41%

    (1)Maximum which may be utilised by one spouse/partner 42,800 (41,800 in 2014).

    Pay and File(1 )(2)

    Due date for submission of income tax return 31 October after the end of the tax year

    Payment date for preliminary tax 31 October during the tax year

    Payment date for balance of tax 31 October after the end of the tax year(1)For individuals who file their 2014 income tax return and submit their tax payment through ROS the above dates have been extended until 12November 2015.

    (2)Preliminary tax should equal 90% of the tax liability for the current year or 100% of the liability for the previous year.

    Employment Income:(3)

    Up to 12,012 1.5% 1.5%

    Next 5,564 3.5% 3.5%

    Next 52,468 7% 3.5%

    Balance 8% n/a

    Self Employed Income:

    Up to 12,012 1.5% 1.5%

    Next 5,564 3.5% 3.5%

    Next 52,468 7% 3.5%

    Next 29,956 8% n/a

    Balance (>100,000) 11% n/a

    Additional Charge(4) 5% n/a(1)Individuals with income of less than 12,012 are exempt from USC.(2)Exemption applies to all Department of Social Protection payments and income already subjected to DIRT.(3)Performance related bonuses of in excess of 20,000 per annum payable to certain bankers are liable to USC at a flat rate of 45% instead of atthe rates outlined above.

    (4)An additional 5% USC charge is payable by investors who avail of property reliefs and have income of at least 100,000. The additional 5%charge is payable on property reliefs claimed.

    Purcell McQuillan Tax Partners

    Aged under 70 / Aged 70 andover with income > 60,000 /Full medical card holder with

    income > 60,000

    Aged 70 and over with income of60,000 or less/

    Full medical card holder with income of60,000 or less

    Purcell Tax table 2015:Purcell Tax table 2005 18/03/2016 12:09 Page 1

    Tax Tables

    Purcell McQuillan Tax Partners

    Tax Tables 2017 Income Tax Rates Married/ Married/ Individual Qualifying Single/ Civil Partnership Civil Partnership For Single Person Widowed One Income Two Incomes(1) Child Carer Tax Credit Rate 2017 1-33,800 1-42,800 1-67,600 1-37,800 20% Balance Balance Balance Balance 40%

    2016 1-33,800 1-42,800 1-67,600 1-37,800 20% Balance Balance Balance Balance 40%

    (1) Maximum which may be utilised by one spouse/partner 42,800. Pay and File(1) (2) Due date for submission of income tax return 31 October after the end of the tax year Payment date for preliminary tax 31 October during the tax year Payment date for balance of tax 31 October after the end of the tax year (1) For individuals who file their 2016 income tax return and submit their tax payment through ROS the 31 October deadline has in prior years been

    extended until mid November. (2) Preliminary tax should equal 90% of the tax liability for the current year or 100% of the liability for the previous year. Universal Social Charge - 2017

    Aged under 70 / Aged 70 and over with income > 60,000 / Full medical card holder with income >

    60,000

    Aged 70 and over with income of 60,000 or less/

    Full medical card holder with income of 60,000 or less

    Employment Income:(3) Up to 12,012 0.5% 0.5% Next 6,760 2.5% 2.5% Next 51,272 5% 2.5% Balance 8% n/a Self Employed Income: Up to 12,012 0.5% 0.5% Next 6,760 2.5% 2.5% Next 51,272 5% 2.5% Next 29,956 8% n/a Balance (>100,000) 11% n/a Additional Charge(4) 5% n/a

    (1) Individuals with income not exceeding 13,000 are not liable to USC. (2) Exemption applies to all Department of Social Protection payments and income already subjected to DIRT. (3) Performance related bonuses of in excess of 20,000 per annum payable to certain bankers are liable to USC at a flat rate of 45% instead of at the rates

    outlined above. (4) An additional 5% USC charge is payable by investors who avail of property reliefs and have income of at least 100,000. The additional 5% charge is

    payable on property reliefs claimed.

    Tax Tables 2015

    Income Tax Rates

    Universal Social Charge - 2015

    Married/ Married/ Individual QualifyingSingle/ Civil Partnership Civil Partnership for Single Person

    Widowed One Income Two Incomes(1) Child Carer Tax Credit Rate

    2015 133,800 1-42,800 1-67,600 1-37,800 20%Balance Balance Balance Balance 40%

    2014 132,800 1-41,800 1-65,600 1-36,800 20%Balance Balance Balance Balance 41%

    (1)Maximum which may be utilised by one spouse/partner 42,800 (41,800 in 2014).

    Pay and File(1 )(2)

    Due date for submission of income tax return 31 October after the end of the tax year

    Payment date for preliminary tax 31 October during the tax year

    Payment date for balance of tax 31 October after the end of the tax year(1)For individuals who file their 2014 income tax return and submit their tax payment through ROS the above dates have been extended until 12November 2015.

    (2)Preliminary tax should equal 90% of the tax liability for the current year or 100% of the liability for the previous year.

    Employment Income:(3)

    Up to 12,012 1.5% 1.5%

    Next 5,564 3.5% 3.5%

    Next 52,468 7% 3.5%

    Balance 8% n/a

    Self Employed Income:

    Up to 12,012 1.5% 1.5%

    Next 5,564 3.5% 3.5%

    Next 52,468 7% 3.5%

    Next 29,956 8% n/a

    Balance (>100,000) 11% n/a

    Additional Charge(4) 5% n/a(1)Individuals with income of less than 12,012 are exempt from USC.(2)Exemption applies to all Department of Social Protection payments and income already subjected to DIRT.(3)Performance related bonuses of in excess of 20,000 per annum payable to certain bankers are liable to USC at a flat rate of 45% instead of atthe rates outlined above.

    (4)An additional 5% USC charge is payable by investors who avail of property reliefs and have income of at least 100,000. The additional 5%charge is payable on property reliefs claimed.

    Purcell McQuillan Tax Partners

    Aged under 70 / Aged 70 andover with income > 60,000 /Full medical card holder with

    income > 60,000

    Aged 70 and over with income of60,000 or less/

    Full medical card holder with income of60,000 or less

    Purcell Tax table 2015:Purcell Tax table 2005 18/03/2016 12:09 Page 1

  • Purcell McQuillan Tax Partners

    Tax Tables

    Employed (A1) Contributor 2015 2014Rate Rate

    Employee Contribution(1) 4.0% 4.0%Employer Contribution:Earnings of 356 per week or more 10.75% 10.75%Earnings less than 356 per week 8.50% 8.50%

    PRSI

    (1)No employee PRSI on income of 352 per week or less.

    Self-employed (S1) Contributor

    4% on all income subject to a minimum payment of 500(1)

    (1)No PRSI where income does not exceed 5,000. Where income exceeds 5,000 but there is no net liability to tax, minimum payment is 310.

    Income TaxCommon Tax Credits

    2015 2014

    Single 1,650 1,650Married Persons/Civil Partners 3,300 3,300Single Person Child Carer Credit (1) 1,650 1,650Employee Tax Credit 1,650 1,650Age Tax Credit if single or widowed 245 245Age Tax Credit if married/civil partnership 490 490Home Carer Credit 810 810

    Exemption Limits 2015 2014

    Aged 65 and OverSingle/Widowed 18,000 18,000Married/Civil Partnership 36,000 36,000

    PensionsTax Relief Contribution Limits:Age 2015 2014

    Under 30 15% 15%30 Under 40 20% 20%40 Under 50 25% 25%50 Under 55 30% 30%55 Under 60 35% 35%60 and over 40% 40%(1)In relation to most sporting occupations, the contribution limit is 30% for all ages up to 54.(2)The earnings limit is 115,000.(3)Temporary levy on private pension funds introduced by the Jobs Initiative from 2011 to 2015 inclusive. 0.15% for 2015 (0.75% for 2014).

    (1)Given in addition to the single credit.

    Purcell Tax table 2015:Purcell Tax table 2005 18/03/2016 12:09 Page 2

    Tax Tables

    Purcell McQuillan Tax Partners

    PRSI Employed (A1) Contributor 2017

    Rate 2016 Rate

    Employee Contribution(1) (2) 4.0% 4.0% Employer Contribution: Earnings of 376 per week or more 10.75% 10.75% Earnings less than 376 per week 8.5% 8.5% (1) No employee PRSI on income of 352 per week or less. (2) From 2016 employees who earn between 352 and 424 a week will receive a PRSI credit up to a maximum of 12 per week.

    Self-employed (S1) Contributor 4% on all income subject to a minimum payment of 500(1) (1) No PRSI where income does not exceed 5,000. Where income exceeds 5,000 but there is no net liability to tax, minimum payment is 310. Income Tax

    Common Tax Credits 2017 2016 Single 1,650 1,650 Married Persons/Civil Partners 3,300 3,300 Single Person Child Carer Credit(1) 1,650 1,650 Employee Tax Credit 1,650 1,650 Age Tax Credit if single or widowed 245 245 Age Tax Credit if married/civil partnership 490 490 Home Carer Tax Credit 1,100 1,000 Earned Income Tax Credit (2) 950 550 (1) Given in addition to the single credit. (2) Given to self-employed individuals and proprietary directors who are not entitled to the Employee Tax Credit.

    Exemption Limits 2017 2016 Aged 65 and Over Single/Widowed 18,000 18,000 Married/Civil Partnership 36,000 36,000 Pensions

    Tax Relief Contribution Limits:

    Age 2017

    2016

    Under 30 15% 15% 30 Under 40 20% 20% 40 Under 50 25% 25% 50 Under 55 30% 30% 55 Under 60 35% 35% 60 and ov