Revenue eBrief No. 064/23
15 March 2023
Tax and Duty Manual - Part 15-02A-02 High Income Individuals' Restriction - Income chargeable to tax at the standard rate in joint assessment cases - has been updated to reflect changes to the standard rate band introduced by Finance Act 2022.
The manual sets out that, in the case of jointly assessed couples with two income sources, for the year of assessment 2023, the amount by which the standard rate band may be increased is equal to the lesser of:
- the lower earner's specified income, and