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April's Budget

  • 12-03-2009 12:05pm
    #1
    reallybad
    Closed Accounts Posts: 177 ✭✭


    If the government increases the tax bands in April, when is this likely going to come into effect? Straight away?


Comments

  • #2
    turgon
    Closed Accounts Posts: 3,762 ✭✭✭turgon


    Of course.

    As a rule of thumb tax increase come into effect immediately, whereas social welfare and spending increases come into effect some months later.


  • #3
    nesf
    Registered Users, Registered Users 2 Posts: 27,644 ✭✭✭✭nesf


    reallybad wrote: »
    If the government increases the tax bands in April, when is this likely going to come into effect? Straight away?

    Yes, we're 20 billion in the hole for this year, we'll need to see the tax increases and spending cuts asap if we're going to close that.

    Though most likely it'll be a temporary levy for this year with the tax band officially going up next year (for legal purposes it's simpler I believe). We'll end up paying the same tax either way.


  • #4
    reallybad
    Closed Accounts Posts: 177 ✭✭reallybad


    turgon wrote: »
    Of course.

    As a rule of thumb tax increase come into effect immediately, whereas social welfare and spending increases come into effect some months later.

    thanks


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