2. Amendment of section 531AN of Principal Act (rate of charge)
(1) Section 531AN of the Principal Act is amended -
(a) in subsection (3), by the substitution of "€22,920" for "€21,295",
(b) in subsection (4), by the substitution of "2024" for "2023", and
(c) by the substitution of the following for Part 1 of the Table to that section:
"Part 1
|
Part of aggregate income (1) |
Rate of universal social charge (2) |
|---|---|
|
The first €12,012 |
0.5 per cent |
|
The next €10,908 |
2 per cent |
|
The next €47,124 |
4.5 per cent |
|
The remainder |
8 per cent |
".
(2) Subsection (1) applies for the year of assessment 2023 and each subsequent year of assessment.