Noonan to ease the tax burden on self employed workers
Minister for Finance Michael Noonan is planning to reduce the tax burden on self-employed people in the forthcoming budget.
The issue is due to be discussed this week by the powerful Economic Management Council, with the aim of including it in the government’s forthcoming ‘Spring Statement’ on its future economic plans.
It comes after repeated complaints that self-employed people are paying more tax than PAYE workers. One of the main reasons is that they do not receive the PAYE tax credit, which means they start paying income tax at €8,250 compared with €16,500...
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