Financial Resolution No. 1 sets out the new rates and bands which will apply from 1 May next. For the period from 1 January to 30 April 2009 the income levy is payable on all income up to a ceiling of €100,100 at a rate of 1% with a rate of 2% applying on the range €100,101 to €250,120, and 3% on the balance. With effect from 1 May 2009 the rates will double to 2%, 4% and 6%. Coupled with this, the entry point to the middle 4% rate will be €75,036, or €1,443 per week, while the new, higher 6% rate will cover income in excess of €175,084 or €3,365 per week.

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