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Subjects · Leaving Cert Business

Leaving Cert Business: Taxation

How often Taxation comes up on the Business papers, every year it was asked, and questions to try.

HL Asked on 10 of the last 10 Higher Level papers, most recently in 2026. banker

OL Asked on 10 of the last 10 Ordinary Level papers, most recently in 2026. banker

June 2027 is the first exam on the new Business course. These come from the 2016–2026 papers, so read them as a guide.

Taxation, Higher Level(6 marks)

Quick ones on Taxation.

(a)The corporation tax rate on trading profits for most Irish companies is…
  1. 20%
  2. 12.5%
  3. 40%
(b)USC stands for…
  1. Universal Service Credit
  2. Unified State Contribution
  3. Universal Social Charge
(c)Customs duty is charged on goods imported from…
  1. Outside the EU
  2. Northern Ireland only
  3. Other EU countries
Show the answers

(a) 12.5%

(b) Universal Social Charge

(c) Outside the EU

Your turn: Higher Level questions on Taxation.

Higher Level

Asked on 10 of the last 10 Higher Level papers, most recently in 2026. banker

Every paper, year by year

YearWhere it came up
2026Section 3 Q6
2025Section 1 Q5, Section 3 Q6
2024Section 3 Q6
2023Section 1 Q9, Section 3 Q7
2022Section 1 Q12, Section 3 Q6
2021Section 2 ABQ
2019Section 1 Q3
2018Section 3 Q6
2017Section 1 Q4
2016Section 1 Q9

Links open the State Examinations Commission’s paper for that year.

More Taxation questions

Taxation, 2 marks

If the Budget raises the USC rate that applies to an employee's pay, their net pay will…

  1. Rise
  2. Stay the same
  3. Fall
Show the answer

Fall

USC is a deduction from gross pay. A higher rate means a bigger deduction and less take-home pay.

Taxation, 2 marks

The annual Budget is presented to the Dáil by the Ministers for…

  1. Foreign Affairs and Trade
  2. Finance and Public Expenditure
  3. Enterprise and Social Protection
Show the answer

Finance and Public Expenditure

The Budget sets out tax changes and spending plans for the year ahead, affecting workers' pay, prices and services.

Ordinary Level

Asked on 10 of the last 10 Ordinary Level papers, most recently in 2026. banker

Every paper, year by year

YearWhere it came up
2026Section 1 Q10, Section 2 Q2
2025Section 2 Q2, Section 2 Q7
2024Section 1 Q8, Section 2 Q2
2023Section 1 Q1, Section 2 Q7
2022Section 2 Q2
2021Section 1 Q8, Section 2 Q2
2019Section 1 Q7, Section 2 Q5
2018Section 1 Q1, Section 1 Q6
2017Section 1 Q14, Section 2 Q2
2016Section 1 Q3, Section 2 Q5

Links open the State Examinations Commission’s paper for that year.

More Taxation questions

Taxation, 2 marks

The tax added on to the price of most goods and services is…

  1. PAYE
  2. DIRT
  3. VAT
Show the answer

VAT

Value Added Tax is collected by the seller at the till and passed on to the Revenue Commissioners.

Taxation, 2 marks

The tax charged on a company profits is…

  1. Local Property Tax
  2. Corporation tax
  3. Income tax
Show the answer

Corporation tax

Companies pay corporation tax on their profits. Individuals pay income tax on their earnings instead.

Taxation, 3 marks

The tax deducted by a bank from interest earned on savings is…

  1. DIRT
  2. VAT
  3. PRSI
Show the answer

DIRT

Deposit Interest Retention Tax is taken by the bank before the interest is paid, so the saver receives the net amount.

Other Business topics

All of Leaving Cert Business