Brian Lenihan Jnr (Dublin West, Fianna Fail)

The composite rates of income levy as set out in the section are the annual rates which are to apply to all individuals in respect of their income from all sources in the year. These rates ensure that all taxpayers are treated the same way in relation to their overall income for a year as a whole, for the purposes of the income levy. The composite rates have also prevented individuals who are in a position to control, when they draw down their income, from gaining any advantages from front-loading into the first four months of the year income which is normally taken in the later part of the year.

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