Wednesday 8th February 2012

Category Archives: Budget 2012

VAT Changes in Budget 2012

How much will the increase in Vat per Budget 2012 cost you? Read how we have estimated this charge to you in our Budget 2012 Calculator. Continue reading

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Budget 2012 Household Charge

Household bill introduced in Budget 2012 as precursor to a Value based Property Tax later in 2012 Continue reading

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Child Benefit Changes in Budget 2012

Chilld Benefit for 3rd and additional children to be cut in Budget 2012 and Budget 2013 to bring them into line with the payments for 1st and 2nd child. Continue reading

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Expected Child Benefit Changes in Budget 2012

Update Find out what changes were made to Child Benefit in Budget 2012 in our Budget 2012 Child Benefit update   Further cuts likely to Child Benefit In Budget 2011, the Government introduced cuts to Child Benefit with a €10 … Continue reading

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Budget 2012 – Possible PRSI Changes

PAYE Taxpayers to be charged PRSI on Unearned Income? It has been confirmed that PAYE tax will not be subject to much change in Budget 2012. However there are suggestions that an increase in PRSI is likely.   Rental Income & … Continue reading

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Motorists Targeted in Budget 2012

Motorists to feel the pain in Budget 2012 with … Vat, Carbon & Motor Tax Changes on the Budget Agenda The 2012 Budget is almost here and there has been speculation surrounding areas/sectors which may be affected. Taking on board … Continue reading

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Budget 2012: Income Tax Change #1: Bins.

No Changes to Income Tax? The Minster of Finance has told us, repeatedly now, that there will be no changes to Income tax in Budget 2012.  Should we bother with the Red Oak  Budget 2012 Calculator then?  We think he’ll … Continue reading

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Budget 2012: UK Vat v Irish VAT

We mentioned in a previous article that VAT is considered a regressive tax, disproportionately harder on the less well off. The second hatchet being thrown at the proposed VAT increase in the Ireland Budget 2012, is that it will take … Continue reading

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Budget 2012 – VAT Changes

Predictions for VAT in Budget 2012. Most years, VAT is not a topic of discussion come Budget day, But this Government has targeted VAT as an area in which they can influence economic activity & income generation and we’re expecting … Continue reading

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more on High Earners Restriction & Tax Relief.

As mentioned here, we wanted to give more information on the high earners restriction and it’s likely impact on charitable contribution. High Earners Relief & Donations Finance Act 2006 brought in a restriction aimed at High Earners for the tax … Continue reading

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Budget 2012 needs changes to protect charities

High Earners likely to cut Charitable contributions due to High Earner Restriction After Senator Crowne was in the newspapers for donating his senate salary to charity, we looked at the donation to see how much the charity would actually receive. … Continue reading

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Budget 2012 – What’s rumoured

Latest Budget 2012 News Early Days yet, but already a strong message coming out as to what changes we will see in Tax and charges in 2012 from the Budget in December. Already in the Pipeline – Cuts in Budget … Continue reading

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What is the Pension Levy?

Pension Levy in Brief The Pension Levy was introduced by the Minister of Finance, Michael Noonan (picture), to fund the Goverments ‘Jobs Initiative’ of May 2011 as a 0.6% charge on Pension Fund assets held in the state.  It will … Continue reading

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Public Sector payslip 2011

Example impact of changes from Decembers Budget for a Teacher If you are working in the public sector, and particularly as a teacher, you will find the following video useful.  It illustrates the impact on a Teachers payslip of the … Continue reading

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2011 Bin tax refunds

Service Charges Tax Credit. Way back in the Budget in December 2009, it was announced that the services charges tax credit would be abolished in 2011. But there was no mention of Service Charges in the 4 year plan, which … Continue reading

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Rent Relief – 2011 tax credit reduction

2011 Rent Relief Currently renting If you are currently receiving rent relief, Budget 2011 announced changes in the maximum amount of rent paid that you can get relief upon  as follows: So, for a single person under 55 in 2010, … Continue reading

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2011 – Pension Charges & Tax

What’s new for Pension Contributions in 2011? in 2010, if you were a higher rate tax payer and made contributions to a pension, you were allowed relief of income tax at 41% – but also you did not have to pay … Continue reading

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