Leo Varadkar: In Ireland people have to pay the highest rate of income tax on very modest incomes

Taoiseach Leo Varadkar has said he is “not hung up on” bringing in a new 30 per cent income tax rate, a proposal he floated earlier this year

In August, then minister for public expenditure Michael McGrath – who is now the Minister for Finance – said it would be “extremely challenging” to have a new tax band in place by the budget at the end of September.The income tax rates stayed the same at 20 per cent for the standard rate and 40 per cent for the higher rate and the standard rate tax band was increased by €3,200 to €40,000.

He said: “We want to help people somewhat with the cost of living, certainly, with a combination of pay rises and income tax reductions.” “It might take a few budgets to get there. But I’m determined that we should, whether we do it by increasing the standard rate cut-off point or by a middle tax rate.”

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