Question 1

What does the Finance Bill 2022 do?

Accepted Answer

Raises Universal Social Charge 2% threshold from €21,295 to €22,920 for 2023; extends reduced USC rate for medical card holders under 70 earning up to €60,000 through 2023. Increases income tax standard rate band by €3,200 to €40,000 for single persons and raises multiple tax credits (personal, home carer, employee, earned income) from 1 January 2023. Introduces pan-European Personal Pension Product (PEPP) with tax relief on contributions, tax-free growth, and taxed withdrawals; extends Help to Buy relief two years to end-2024; establishes rental payment tax credit up to €500 per person through 2025.

Question 2

What stage is the Finance Bill 2022 at?

Accepted Answer

As of 11 Sep 2024, the Finance Bill 2022 is at Enacted. Once a bill passes every stage in both Houses of the Oireachtas and is signed by the President, it becomes law.

Question 3

Who introduced the Finance Bill 2022?

Accepted Answer

The Finance Bill 2022 was sponsored by Minister for Finance, and was introduced on 18 Oct 2022.

Finance Bill 2022

What this bill does AI · claude-haiku-4-5-20251001

Stage timeline What do these stages mean?

Debates

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