Question 1

What does the Finance Bill 2024 do?

Accepted Answer

From 1 January 2025: increases income tax standard rate band to €44,000 for single persons; increases personal tax credit to €2,000; reduces USC 4% rate to 3%; raises ceiling for 2% USC rate by €1,622. Extends Help to Buy scheme to 31 December 2029; allows newly constructed properties purchased by Local Authorities for affordable sale to qualify; increases small benefit exemption from €1,000 to €1,500 annual employer gifts. Introduces tax relief for donations to sporting bodies and national governing bodies for equipment, elite athletes, and women/disability participation; creates Automatic Enrolment pension scheme with tax-exempt employer contributions and fund income.

Question 2

What stage is the Finance Bill 2024 at?

Accepted Answer

As of 6 Feb 2025, the Finance Bill 2024 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 2024?

Accepted Answer

The Finance Bill 2024 was sponsored by Minister for Finance, and was introduced on 10 Oct 2024.

Finance Bill 2024

What this bill doesAI · claude-haiku-4-5-20251001

Stage timelineWhat do these stages mean?

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