Budget 2013 TAX, FACTS & FIGURES

 Personal Tax Credits & Bands

There have been no increases in the income tax rates, no reductions in income tax credits and no adjustments to the income tax bands.

Maternity benefit

This will be taxable for all claimants with effect from 1 July 2013. 

Top Slicing Relief

This will no longer be available from 1 January 2013 on ex-gratia lump sums in respect of termination and severance payments where the non-statutory payment is €200,000 or over.

Foreign Earnings… Continue reading →