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Friday 18th May 2012
Category Archives: Budget 2012
Universal Social Charge and Medical Cards
Paying more Tax in 2011? For the years 2010 and before, if you received a Medical Card, you were exempt from having to pay Income Levy and Health Levy. However, under the new Universal Social Charge which is replacing the … Continue reading
Posted in Budget 2012, Income Tax, Tax Refunds, Universal Social Charge
Tagged budget 2011, health levy, income levy, Medical Card, Universal Social Charge, USC
3 Comments
Budget 2011 – Tax Cuts and Levy increases
So you have checked on the Budget Calculator how you are affected by Budget 2011 – see below how some other people are affected by the changes. Single person Earning €30,0000 – Better Off! Jenny earns €30,000 a year and … Continue reading
Posted in Budget 2012, Health Levy, Home Carers, Income Levy, Paye Tax, PRSI, Rent Relief, Tax Refunds
Tagged budget 2011, budget calculator
3 Comments
4 year plan – the Income Tax Changes
Front loading with 2/3′s of increases in Budget 2011 Lots of reaction to the 4 year National Recovery plan issued today, but we wanted to give you a bit more information on what income tax changes have been signaled today … Continue reading
Posted in Budget 2012
Tagged 4 year plan, budget 2011, income tax, National recovery plan
5 Comments
Budget 2011: First line drawn by backbenchers
Backbenchers say no (ish) to pension cuts. Some Fianna Fail backbenchers today drew a tentative first line in the sand regarding cuts in the forthcoming budget – with a threat to pension drawing their ire. Michael Kennedy (Dublin North) and Chris … Continue reading
Budget 2011: Labour release some proposals
New Upper Rate of 48% if you earn over €100k In the last week, the Labour gave some indication as to what they would do in the next budget. Specifically, regarding taxation they mentioned: A new upper tax rate of … Continue reading
Posted in Budget 2012
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Universal Social Charge
The ESRI published it’s latest pre budget briefings and in it outlined a proposed Universal Social Charge. They are proposing that this be introduced in the next Budget as a Revenue Neutral Item. Why a Univeral Social Charge? If it’s … Continue reading
Posted in Budget 2012, Health Levy, Income Levy, Income Tax, Paye Tax, PRSI
6 Comments
Budget 2011: Mortgages should be part of balancing act
So instead of having to make up €7.5bn, we are having to make up €15bn in Budget 2011 this December. And most of the debate to date has focused on whether a large enough contribution is being made to the … Continue reading
Posted in Budget 2012, Mortgage Interest Relief
Tagged budget, budget 2011, budget income tax, budget levy, budget mortgage
2 Comments
Budget 2011 Date announced
Surprising a few, Brian Lenihan has revealed the date of Budget 2011 quite early this year. The Budget has been set for Tuesday 7th December. It is thought that some of the Budget deficit will have to be made up … Continue reading
Your Employment contributions – how do they compare?
We talked previously about government representatives talking about how only 50% of workers pay income tax – and why this is not a good measure of the contribution low paid workers make to the government coffers as an effect of their employment. … Continue reading
Posted in Budget 2012, Income Tax, Paye Tax
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Lies, Damn Lies – and politicians quoting EuroStat
“50% of Workers not paying any Income Tax” This little snippit of fact has been one of the most frequently quoted up and down the country by Politicians in this last month. We hear it quoted as from the Commission for Taxation … Continue reading
Posted in Budget 2012, Health Levy, Income Levy, Income Tax, Paye Tax, PRSI
Tagged budget 2011, commission on taxation, irish budget
7 Comments
Property tax in next budget?
You have to pay attention when the Irish independent reports the government is considering a Property tax. Enda Kenny fresh from sorting out his own house, set about challenging the government on this suggesting that he was “flying kites” and … Continue reading
Posted in Budget 2012
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Budget 2010 – Drug Payment Scheme
The cost of using the Drugs Payment Scheme has increased once again in this budget, though it has been little publicised to date. The Maximum monthly spend on prescriptions you will have to pay for yourself has increased from €100 … Continue reading
Posted in Budget 2012
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Budget 2010 Child Benefit cut
Child Benefit has been cut in the 2010 budget. For the first two children, the rate has been cut from €166 a month to €150 for each child. If you have more than 2 children, the amount you receive for … Continue reading
Posted in Budget 2012
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Budget 2010 Public sector pay cuts
In todays Budget 2010, Brian Lenihan announced Public Sector pay Cuts. Check out our Budget calculator for details of the pay cuts and how they will affect you. The Budget calculator will be updated after the budget annoucement this evening. … Continue reading
Budget 2010 & Childcare Supplement
A lot of the focus in the upcoming budget will focus on Child Benefit, your childcare supplement payments will be affected in 2010. While the Childcare supplement will not form part of the Budget 2010 proposals, it is worth remembering … Continue reading
Health Levy & Reducing it’s impact on your Salary
A few weeks ago we spoke about how fundamentals errors in the implementation of the Health Levy could result in a €1,000 gross pay rise could result in less money in your pocket after tax. We hope the government clears … Continue reading
Equitable but not Neutral
Just some quick thoughts on the Commission on Taxation and Stamp Duty. One of the main thrusts of the commission on taxation is that its purpose was not to increase the tax burden, but rather to distribute it more fairly. … Continue reading
Posted in Budget 2012, Income Tax
Tagged budget, budget 2010, commission on taxation, income tax, PAYE, property tax, stamp duty, water tax
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Commission on Taxation Report published
Government approach to public consumption of reports findings The commission on taxation report will be officially released today and it will be extensively covered in all medias. There was initial talk that the findings would not be released and held … Continue reading
Posted in Budget 2012, Paye Tax
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Child Benefit – Proposed changes
The Commission on Taxation’s job was to make suggestions across the spectrum of tax and social payments and Child benefit is proving to be one of the most vexing issues. But they will be recommending to the Government next week that Child Benefit is made taxable. How would Taxing Child Benefit work? Continue reading
Posted in Budget 2012, Home Carers, Paye Tax, Self-Employed & Directors, Single Parents, Tax Refunds
Tagged Child Benefit, tax, Tax Commission
7 Comments
