myIR, payments and more
The 2017 Budget announced today by the Minister of Finance includes a Family Incomes Package comprising proposals to:
- adjust the bottom two tax thresholds
- discontinue the Independent Earner Tax Credit
- increase the Family Tax Credit rates for children under 16, and
- increase the abatement rate and decrease the abatement threshold for Working for Families Tax Credits.
Also announced today was public consultation on proposals to improve the tax treatment of feasibility expenditure for businesses.