Phased approach to self-employed tax reform likely

3 per cent surcharge doesn’t apply to PAYE workers

5th July, 2015

The cost of introducing tax equality for the self-employed could run to hundreds of millions, according to estimates.

High-earning self-employed people currently face a higher marginal rate of tax than PAYE workers earning the same amount, and are not entitled to a €1,650 tax credit granted to employees.

A controversial 3 per cent universal social charge surcharge means that a marginal rate of tax of 55 per cent applies for self-employed people earning more than...

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