<Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> In Ireland there is an income tax, a value added tax (VAT), and various other taxes . Employees pay pay - as - you - earn (PAYE) taxes based on their income, less certain allowances . The taxation of earnings is progressive, with little or no income tax paid by low earners and a high rate applied to middle to top earners, the top marginal rate of tax (including USC and PRSI) is 52% . However a large proportion of central government tax revenue is also derived from VAT, excise duties and other taxes on consumption . The standard rate of corporation tax is among the lowest in the world at 12.5% . </P> <P> Income tax is charged in respect of all property, profits, or gains . Since 2002, Ireland has operated a tax year coinciding with the calendar year (1 January to 31 December). The change coincided with the introduction of the euro in Ireland . For administrative purposes, taxable income is expressed under four schedules: </P> <Ul> <Li> Schedule C: public revenue dividends (i.e. coupon payments on government debt) </Li> <Li> Schedule D <Ul> <Li> Case I: Profit arising from any trade, or from quarries, mines, works, tolls, fairs, bridges, and railways </Li> <Li> Case II: Profit arising from any profession not contained in any other schedule </Li> <Li> Case III: Interest on money or debts, annuities, discounts, profits on government debt not covered in schedule C, interest on certain government debt, income on securities outside the state not covered in schedule C, and income from possessions outside the state </Li> <Li> Case IV: Tax in respect of any annual profits or gains not covered by any other case or schedule . There are also specific types of income specified by law to be taxed under case IV . </Li> <Li> Case V: Tax in respect of rent or receipts from any easement </Li> </Ul> </Li> <Li> Schedule E: Income from public offices, employment, annuities, and pensions . </Li> <Li> Schedule F: Dividends from Irish companies . </Li> </Ul>

When did the tax year change in ireland