The Minister for Finance, Pascal Donohoe, announced Budget 2022 yesterday as our country faces unprecedented challenges with factors such as post pandemic uncertainty, rising cost of living, the housing crisis and reducing our carbon footprint all at the forefront. This core budgetary package of €4.6billion looks to a post COVID-19 era and to building recovery [...]
Employment: Unemployment is expected to decrease in 2015 by approximately 10%. “We expect to have 2,000,000 at work in 2016”, Minister Noonan. Government Revenue: In 2015, total general government expenditure is expected to be €70.5 billion, while government revenue is expected to be €65.2 billion. Ireland’s GDP growth rate is forecast at 3.9% in 2015 [...]
The government has launched 'Pathways to Work' document on the 7th October 2014. Upload your CV onto job websites or face having your dole cut – this has been the latest discussion by the government to tackle Ireland's 11.1% unemployment rate. The governments ‘Pathways to Work 2015’ document has placed a strong emphasis on measures [...]
According to the Irish Independent, the Budget 2015 is set to restore part of the pensioners Christmas Bonus. 5 years ago the Coalition dropped the Christmas bonus which had previously cost €260 million, so this year ministers are looking to partly restore the bonus as a gesture. A full bonus would give 1.2 million social [...]
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 [...]
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 [...]
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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