Budget tax cuts of €250 amid concern over rising cost of living

Other measures include: an extended commercial rates waiver for businesses; increased vacant site tax; state-subsidised childcare for more workers and a rise in the third-level student grant

10th October, 2021
Budget tax cuts of €250 amid concern over rising cost of living
Paschal Donohoe, the Minister for Finance, and Michael McGrath, the Minister for Public Expenditure, will stick to a budget package of around €4.7 billion

Workers on average earnings are to get income tax cuts worth about €250 a year, while land hoarders will be hit with higher taxes in a “cost of living”-focused budget on Tuesday.

Income tax bands and credits are expected to be increased by 2 to 3 per cent to take account of inflation. This could be worth around €250 a year to most workers.

The vacant site tax of 7 per cent is to...

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