Calculation of Universal Social Charge (USC)
The USC – Universal Social Charge was introduced in January 2011 – and many people will have already seen USC deductions on their payslips. Many lower paid workers would have previously been exempt...
View ArticleUSC Rates in 2019
Summary of USC Rates in 2019 As expected there were some adjustments to the Universal Social Charge (USC) in Budget 2019 . These new USC rates and bands apply from January 1st 2019 The 4.75% rate of...
View ArticleIs The Wage Subsidy Taxable?
Revenue has stated that the Covid Wage Subsidy will be subject to USC and Income Tax eventually – but not while it is being paid out. As we understand it – employees will be liable for any tax on the...
View ArticleBudget 2021: A Summary
The 2021 Budget was announced at 1pm Tuesday 13th October 2020. A summary of the main items that will directly affect people’s income or outgoings is given below . Updated October 16th 9 am Summary of...
View ArticleUniversal Social Charge in Ireland
See Current USC Charges Here The 2011 Budget in Ireland introduced a new tax on income called the Universal Social Charge (USC) which began in January 2011. This was the last Budget of the Fianna...
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