Tax Credit and rate band changes:

As we head into the new tax year, 2023, there are many changes that are coming in to effect as a result of Budget 2023. It is important that, you as an employer be aware of these changes from a Revenue perspective and an employee rights perspective as a number of them will affect all employers in some way. Please familiarise yourself with the changes and contact us if you require more information. Below is a brief summary of some of the changes.

Tax Credit and Rate Band Changes

Annual Tax Credits:20222023
Single Personal Tax Credit€1,700€1,775
Employee Tax Credit€1,700€1,775
Home Carer Tax Credit€1,600€1,700
Standard Rate Band:20222023
Single/widowed/surviving Civil Partner€36,800€40,000
Married/Civil Partnership€36,800€49,000

*€500 Rent tax credit subject to no other rent supports being paid

Contact Us:

To discuss in confidence what the measures mean for you or your business, please contact our team outlined below, or your usual RBK contact.

  • Mary Byrne, Payroll Manager (090) 6480600

Return to Budget 2023 Update – Changes coming into effect for employers.

Team Members

Rose Bracken

Payroll Director

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