More Related Content
Budget 2013
- 1. Budget 2013 • Ministerfor finance Michael Noonan
- 2. • Property Tax • NewLocal Property Tax to be introduced on 1 July 2013. • Exemptions will include: • Any new or previously unoccupied homes purchased up to the end of 2016; • First-time buyers in 2013; • Those in unfinished estates for the next three years; • Most of those exempt from Household Charge this year. • The tax will be charged at 0.18 per cent of the market value for houses worth under €1 million. • Houses valued at more than €1 million will be charged at 0.25 per cent of market value.
- 3. • €10 eurowiped off Child Benefit every month.
- 4. Cigarettes and Alcohol • A bottleof wine will be more expensive from midnight because of a €1 rise in excise duty; • Pints of beer and cider will jump by 10c; • Excise duty on spirits will rise by 10c per standard measure; • The duty on a packet of cigarettes will increase by 10c; • Roll-your-own tobacco will increase by 50c per packet.
- 5. • A three-foldjump in prescription charges for medical card holders from 50 cent to 1.50 euro.
- 6. • The StudentContribution Charge will increase by €250 next year, resulting in families paying €2,500 per child in the 2013/2014 academic year. • The charge is due to increase by €250 every subsequent year until 2015, when it will be €3,000.
- 7. • 50 eurocut from back-to-school allowance, down from 250 euro to 200 euro.
- 8. • TDs willnow have to vouch for their expenses, while party leaders will have their special allowance cut by 10%.
- 9. • Motoring • Theexcise duty on petrol is to remain unchanged. • Vehicle Registration scheme to change to a dual-system so next years cars will be either 131s or 132s; • The rates of both VRT and motor tax across all categories will increase with effect from the 1 January 2013.
- 10. • Carbon taxis to be extended to solid fuels on a phased basis over two years. A rate of €10 per tonne will apply from 1 May 2013 and increase to €20 the following year • Corporation tax is to remain unchanged. • DIRT is to increase from 30 to 33 per cent. • Capital Acquisitions Tax is to increase by 3 per cent to 33 per cent. • The threshold to which Capital Acquisitions Tax applies is to be reduced by 10 per cent; • From 1 July 2013, Maternity Benefit will be treated as taxable income but will be exempt from the USC.