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
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 be ...