Budget 2018 Update – Main points

Standard rate income tax band increased by €750 for 2018, giving a tax saving in 2018 of €150 for higher rate taxpayers. Earned income tax credit for the self-employed and proprietary directors increased by €200 to €1,150 for 2018. The lower USC bands and tax rates will be reduced in 2018. The maximum saving for higher earners is €178 pa. DIRT rate reduced to 37% in 2018 but no change announced in the exit tax rate of 41%. All State …