The Government has announced Budget 2024, with a number of changes under the taxation heading is reporting that:

The Universal Social Charge has been cut from 4.5% to 4%, the first reduction in USC rates in five years.

The point at which workers pay the top rate of tax will rise to €42,000.

The entry threshold to the 4% rate of USC will be raised to €25,760.

The national minimum wage has been increased by €1.40 an hour to €12.70 an hour.

Personal, Employee PAYE and earned income tax credits are being increased by €100 each.

Pay Related Social Insurance (PRSI) contribution rates will increase 0.1% from 1 October next year.