Tuesday, January 25, 2011

Universal Social Charge Ammendments!

Government is planning to bring amendments to the Finance Bill relating to the universal social charge.

The proposal is to introduce a lower rate for those holding a medical card who are subject to the 7% rate. These will now see their rate lowered to 4%.

Self-employed people earning more than €100,000 will pay an extra 3% surcharge on any incomes above that amount. The Minister said this would mean such people would be back at the levels they were before the Budget.

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