These increases in the tax credits will provide a real benefit to all individuals who pay income tax by reducing their overall income tax liability. The balance of 36% are exempt from income tax or their tax liability is fully covered by their tax credits. These changes contribute to the Government's overall income tax strategy to reduce the tax burden on low and middle income earners.

On income tax, the Bill gives effect to budget measures to increase the standard rate band by €3,200 and personal tax credits by €75, including personal credit, employee tax credit and earned income credit. In section 9, the changes made to income tax will mean that someone with an income with €35,000 will benefit by €191 from changes to income tax and the USC, while someone with an income of €100,000 will benefit by €831.

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