What income is not subject to USC ? The following is exempt from USC: Where an individual’s total income for a year does not exceed €13,000 All department of social welfare payments Income such as deposit interest subject to DIRT Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie
Can you claim tax free travel and subsistence? Mileage and subsistence schemes are for employees only, a sole-trader can only claim a percentage of all motor expenses (all running costs – petrol & diesel, repairs, insurance & motor tax) and travel expenses (hotel, train). You will need to keep all the receipts for these costs. The…
What is the tax bands for a married couple ? If you are a married couple, the standard position would be the first €42,800 of your income is taxed at 20% with the balance taxed at 40% If each of you has income in your own right, the €42,800 standard rate band may be increased by…
