If you worked in any of these countries, you could be due a Tax Refund

USC for self-employed to be cut in Budget 2016

#TaxTipsIreland #Budget2016

Finance Minister Michael Noonan is expected to reduce the universal social charge rate for self-employed people and entrepreneurs in Budget 2016.

Budget 2016 - the universal social charge rate expected to be reduced

Self-employed people currently pay 3% more USC on earnings over €100,000 than PAYE workers earning the same amount. The higher rate has been heavily criticised for stifling entrepreneurial activity in Ireland.

This follows recent confirmation that the USC rate for PAYE workers will be cut, giving pay packets a small but welcome boost.

Next month’s Budget is also expected to introduce tax credits for the self-employed in a bid to incentivise people to start their own businesses.

Over the next few weeks we’ll see a marked increase in Budget 2016 rumours and leaks so we’ll continue to keep you updated.

Budget 16 offers a fresh opportunity to look at your taxes. Find out if you're due a refund and get a free estimate calculating your tax.

See the changes in Budget 2016 here

About The Author

Sinead Gill - PR & Communications Manager @ Taxback.com

Hello. I live and breathe communications and love finding different and original ways to reach an audience. The challenge lies in trying to keep things fresh even when it’s a topic you’ve covered before. Branding, PR and communications are the three cornerstones of what I do so it’s a very interesting job!

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