| |
Chapter 2
Universal Social Charge
|
|
|
|
Amendment of section 531AN of Principal Act (rate of charge)
|
| |
2. (1) Section 531AN of the Principal Act is amended—
|
|
| |
(a) in subsection (3)—
|
|
| |
(i) by substituting “€19,372” for “€18,772”, and
|
|
| |
(ii) by substituting “2 per cent” for “2.5 per cent”,
|
|
| |
(b) in subsection (3A)(a) by substituting “2 per cent” for “2.5 per cent”,
|
|
| |
(c) in subsection (4) by substituting “2020” for “2018”, and
|
|
| |
(d) by substituting the following Table for the Table to that section:
|
|
| |
|
|
| |
“TABLE
|
|
| |
PART 1
|
| | |
Part of aggregate income
|
Rate of universal social charge
|
|
(1)
|
(2)
|
|
The first €12,012
|
0.5 per cent
|
|
The next €7,360
|
2 per cent
|
|
The next €50,672
|
4.75 per cent
|
|
The remainder
|
8 per cent
|
|
|
| |
|
|
| |
PART 2
|
| | |
Part of aggregate income
|
Rate of universal social charge
|
|
(1)
|
(2)
|
|
The first €12,012
|
0. 5 per cent
|
|
The remainder
|
2 per cent
”.
(2) Subsection (1) applies for the year of assessment 2018 and each subsequent year of assessment.
|
|
