Tá an chuid seo den suíomh idirlín ar fáil i mBéarla amháin i láthair na huaire.
Your income up to a certain limit (a ‘rate band’) is taxed at the standard rate of Income Tax (IT) which is currently 20%. Any income above this limit is taxed at the higher rate of IT which is currently 40%.
You can find your rate band, for the current tax year and the previous four years, in the Tax rates, bands and reliefs charts.
In 2016 Ann has a weekly rate band of €650 and she earns €750 per week. This means that the first €650 of Ann’s wages is taxed at the standard rate of 20 per cent and the balance of €100 (€750 - €650) is taxed at the higher rate of 40 per cent.
Next: What is an increased rate band?
Published: 02 August 2018
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