The USC – Universal Social Charge was introduced in January 2011 – It was supposed to replace the Income Levy and the Health levy. Many lower paid workers would have previously been exempt from the Income Levy and the Health Levy – but they will now be having USC deductions from payslips. Also – some […]
Continue reading…
See 2019 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 Fail/ Green coalition. Initially – all individuals were liable to pay the USC if their gross annual income was more […]
Continue reading…
The USC and Income Tax cuts announced in Budget 2018 took effect from January 1st 2018 – But just how much will your Take Home Pay Increase in 2018 ? (See figures for 2019 Take Home Pay Here) The changes will be so small – many people probably won’t even notice them. Summary of the […]
Continue reading…
Budget 2018 USC Reductions As expected there were some adjustments to the Universal Social Charge (USC) in Budget 2018 . These new reduced USC rates and bands apply from Jan 1st 2018 The 2.5% rate of USC will be reduced to 2% and the threshold for this level of USC will rise from €18772 to […]
Continue reading…
Decreased USC in 2017 The USC (Universal Social Charge) was cut in Budget 2017– and one of the band limits has been raised slightly to keep minimum wage workers out of that band. (18668 increased to 18772) These are the new rates of USC that will come into effect on January 1st 2017 Zero – […]
Continue reading…