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Budget 2014 – Tax Guide

Budget 2014 tax guide

Main Tax Credits & Allowances 2014 2013 € € Personal Tax Credits Single Person 1,650 1,650 Married or in a Civil Partnership 3,300 3,300 Single Person Child Carer 1,650 – One-Parent Family – 1,650 Widowed Person or Surviving Civil Partner – In year of bereavement 3,300 3,300 – Without dependent children 2,190 2,190 – With …

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Budget 2014 – The Highlights

Budget 2014 highlights

Business Tax  Corporation Tax Rate It is welcoming to hear that the Government has once again re-affirmed its commitment to the retention of Ireland’s 12.5% Corporation Tax rate. In light of constant media attention surrounding the matter, it is encouraging that the Government remains determined to retain the 12.5% tax rate, as this is …

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Budget 2013

Budget 2013

Tax increases and spending cuts of €3.5bn have been announced in Budget 2013. Main points New Property Tax from July 2013 of 0.18% on homes worth up to €1m, and 0.25% on those over €1m Three-year exemption from Property Tax for first-time buyers, and people buying new or previously unoccupied homes Child Benefit will be cut by …

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Companies Bill 2012

The Companies Bill 2012 was published on the 21st December 2012.  The legislation, which comprises of over 1,100 pages of text is the most significant reform in Irish company law since 1963. The new Bill consolidates the 16 existing Company Acts as well as a number of statutory instruments and judgments. The Company Law Review …

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Finance Bill 2012

Main Provisions: The Bill makes provision for the changes to mortgage interest relief announced in Budget 2012 to implement the Programme for Government commitment. It provides for an increase to 30% in mortgage interest relief for first time buyers who took out their first mortgage in the period 2004-2008. The Bill will also make provision for …

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Budget 2012 – Highlights – Day Two

BUDGET 2012 DAY TWO Income tax: No increase VAT: Raised by 2% to 23% Universal Social Charge: Exemption raised to €10,000 – this affects 330,000 people Carbon Tax: Increased from €15 per tonne to €20 per tonne This means: 1.4c increase on Petrol 1.6c increase on Diesel €17.32 increase on Fuel Oil (to rise in …

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Budget 2012 – Highlights – Day One

BUDGET 2012 DAY ONE Main points €3.8bn fiscal adjustment needed in 2012 €2.2bn of adjustment from spending €1.4bn in day-to-day spending cuts €20m earmarked for new Labour Market Activation Fund Public service staff down by 6,000 Public service pay bill to fall by €400m in 2012 Social Weekly social-welfare payments unchanged Changes to the one-parent …

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Finance (No.2) Act 2011

The Finance (No.2) Act 2011 was signed into law on 22 June and provides the legislation for the introduction of the levy on pension schemes announced in the Jobs Initiative. Key Points: Government Pension Levy Levy of 0.6% on the market value of assets under management, to raise €470 million per year. The legislation specifically …

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Budget 2010

Budget 2010 Highlights *Main Tax Credits *Mortgage Interest Relief *Income Tax Bands *Benefit in Kind *Social Insurance *Corporation Tax Rates & Payments *Research & Development Tax Credit *Intellectual Property Capital Allowances *Other Capital Allowances *Pension Contribution Limits *Capital Gains Tax *Gift/Inheritance Tax *Value Added Tax *Stamp Duty *Dates to Remember Return to Top Main Tax …

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Budget 2011

The below is a brief synopsis of the details of the Brian Lenihans 2011 Budget. For a more comprehensive look at the Budget Click Here.   No change to 12.5% corporation tax rate. Accelerated capital allowances scheme for energy efficient equipment timeframe to be extended. Replacement of Income Levy and Health Levy with a single …

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