Not all capital allowances are deductible in arriving at the amount of income chargeable to the universal social charge (USC).
HMRC acted yesterday to defuse problems caused by next Tuesday’s call centre strike by effectively extending the Self Assessment deadline for two days to 2 February
Marginal rate of taxation on income is now 53% for PAYE workers and 55% for the self-employed.
And the Minister has now concluded his Budget…
4.30pm Introduction of employers PRSI on 50% of employee pension contributions
4.27pm CAT & CGT rates increase from 25% to 30%. Reduction in CAT Class A threshold from €332,084 to €250,000