USC rate to be cut to 4%, Michael McGrath confirms

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USC rate to be cut to 4%, Michael McGrath confirms
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Changes form part of an overall €1.1bn tax package in Budget 2024

The Government has confirmed it will reduce the 4.5 per cent universal social charge rate for the first time in five years and increase the standard income tax rate band by €2,000 as part of Budget 2024. Photograph: Laura Hutton/RollingNews.ie

The changes, announced by Minister for Finance Michael McGrath in the Dáil, form part of an overall €1.1 billion tax package set out by the Coalition on Tuesday.

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