On 6 January 2015, Ireland published Universal Social Charge (Amendment) Regulations 2014. The changes as introduced in Budget 2015 are:
- The exemption threshold for the Universal Social Charge (USC) is increased from €10,036 in gross income to €12,012 (when the threshold is exceeded all income is subject to USC), and the USC rates are:
- 1.5% for income up to €12,012
- 3.5% for income over €12,012 up to €17,576
- 7% for income over €17,576 up to €70,044
- 8% for income over €70,044 up to €100,000
- 8%…