This is the first budget since the start of the recession in 2008 that gives rather than takes, except for the hard hit self-employed! The following shows some of the main changes.   Income Tax 1% reduction in the 41% rate of income tax to 40%. Standard Rate Band increased by €1,000 for single taxpayer and €2,000 for a married couple with two incomes. Rent A Room Relief scheme increases from €10,000 to €12,000 from 1 January 2015. The threshold for the Artists’ Exemption will be increased by €10,000 to €50,000. The Seed Capital Scheme is […]