as it happens... Live Commentary Thread

Sleepy

RTE have a live Budget Tracker here: http://www.rte.ie/news/2012/1205/live-budget-2013.html

Seems to be a fair few twitter hashtags as usual: #Budget13 and #budget2013 seeming to be the main ones.

RobbieTheRobber

Breaking news also have a Live budget tracker.

http://live.breakingnews.ie/Event/Budget_2013

[Jackass]

Never a good sign when the Gardai are pre-empting a riot prior to the delivery of a budget....



Courtesy of twitter

RobbieTheRobber

[Jackass] wrote: »

Never a good sign when the Gardai are pre-empting a riot prior to the delivery of a budget....



Courtesy of twitter

The usual protest groups will be there.

http://theirishrevolution.wordpress.com/2012/12/04/join-the-eirigi-contingent-at-the-budget-day-protest-dublin-dec-5/

http://www.unitedleftalliance.org/events/budget-protest/

KyussBishop

Also Guardian liveblog:
http://www.guardian.co.uk/business/2012/dec/05/eurozone-crisis-ireland-austerity-budget

easygoing39

Riot squad members have been called up and are ready for action.

seamus

Started. "There are signs that the country is emerging from the worst of the crisis"

seamus

"The country still has a long way to go, but this gov is prepared to travel that distance"

Sleepy

measures to improve SME's cashflow via increased tax credits.

Stheno

Rebates on diesel for hauliers

Sleepy

Rebate on diesel for Hauliers. Good move imho.

seamus

Rebate on diesel for hauliers from 01/07/13

Professey Chin

Rabble rabble rabble

RandolphEsq

Sit down Michael Mc Grath, you have no authority here!

seamus

Various measures to aid SMEs in getting access to credit

ibarelycare

The RTE tracker is crap! :mad:

damoz

Official stream...

http://www.oireachtas.ie/viewdoc.asp?fn=/documents/livewebcast/DVR-Flash-Dail.htm

seamus

A few things for farmers (sorry farmers, I don't understand these!)

A number of measures to make the country more attractive for foreign film & TV productions

Stheno

exemption on property tax for first time buyers from 2013 - 2016

Sleepy

Exemption from CGT for properties bought in next 3 years.

seamus

9% VAT rate will continue as normal

Claims that the residential property market is stabilising. Hmm...

Property Tax exemption up until 2016 for new homes bought up till then.

kennyb3

seamus wrote: »

9% VAT rate will continue as normal

Claims that the residential property market is stabilising. Hmm...

Property Tax exemption up until 2016 for new homes bought up till then.

Just cant help meddling with property can they

Sleepy

Measures to facilitate the aviation industry, re. the construction of hangers etc. (Shannon redevelopment but available for all)

Floppybits

Since when has property stablised?

seamus

kennyb3 wrote: »

Just cant help meddling with property can they

The intention is to create jobs in construction, apparently

More investment in aviation facilities....weird.

ibarelycare

Sleepy wrote: »

Exemption from CGT for properties bought in next 3 years.

Exemption from CGT and property tax?

seamus

General gov deficit expected to be 8.2%, inside the target of 8.6%. Projected to be down to 2.9% in 2015.

Stheno

ibarelycare wrote: »

Exemption from CGT and property tax?

Yes

Sleepy

seamus wrote: »

More investment in aviation facilities....weird.

Part of the Shannon deal no doubt.

seamus

"Gov is committed to dealing with national and personal debt"

"Taxpayers cannot fund blanket debt forgiveness." They're only focussing on "unsustainable" personal debt.

kennyb3

seamus wrote: »

The intention is to create jobs in construction, apparently

ROFL, they do that by incentifying the building of new houses.

I'm an FTB and had 100% faith that the government would replace MIR with something.

They just can't help themselves

Mycroft H

rabble rabble rabble

Lennonist

Any word on the property tax yet? 2% is it?

Stheno

Tax relief on pensions limited from 2014

Stays at marginal rate of tax for now.

seamus

Pensions

Pension levy to be abolished...

Tax relief for pension schemes delivering incomes over €60k will be removed. From 01/01/14

Sleepy

Pension changes:

Tax relief only available for schemes delivering payments up to 60k p.a.

Sleepy

Reduced Social Charge for those on large pensions

Mycroft H

http://budget.gov.ie/budgets/2013/FinancialStatement.aspx

[place holder for the 2012 budget, not up yet]

Stheno

up to 30% of AVCs to be withdrawalabe early

Stheno

Min self employed PRSI to 500

Weekly PRSI exemption abolished

Riskymove

BX 19 wrote: »

http://budget.gov.ie/budgets/2013/FinancialStatement.aspx

last year's comes up!!

Stheno

Property tax 0.18% to stay same for three years.
Value of properties fixed for three years for purpose of tax

Riskymove

Sleepy wrote: »

Reduced Social Charge for those on large pensions

Increased USC

Sleepy

Property tax

To be collected by Revenue from owners.

Based on Market Value as assessed by the owner based on guidelines or a value

0.18%
0.25% above €1,000,000

Fixed for lifetime of this government. Exemptions for those exempt from Household Charge

Stheno

Sleepy wrote: »

Property tax

To be collected by Revenue from owners.

Based on Market Value as assessed by the owner based on guidelines or a value

0.18%
0.25% above €1,000,000

Fixed for lifetime of this government. Exemptions for those exempt from Household Charge

HHC 2013 up to €157

Sleepy

Any uncollected Household Charge to be collected by Revenue

TwoShedsJackson

Stheno wrote: »

HHC 2013 up to €157

Is the Property Tax not supposed to replace the Household Charge?

Stheno

TwoShedsJackson wrote: »

Is the Property Tax not supposed to replace the Household Charge?

Yes from July of 2013

Beer and spirits up 10 c, wine up 1 euro
Fags 10c

loveisdivine

So does this mean we will all end up paying a bit more PRSI now? I dont really understand, not very good with this sort of thing.

TwoShedsJackson

Stheno wrote: »

Yes from July of 2013

Beer and spirits up 10 c, wine up 1 euro
Fags 10c

So we're expected to pay €157 for all of 2013, despite it being replaced by a Property Tax halfway through the year, and pay that on top of the 157?

Scortho

smokes up 10c per pack
Roll your own tobacco up 50c per 25g
pint up 10 c

should have put a minimum price of €1 per can in an off licence to get people drinking in pubs.
Its much safer than drinking at home....Ive learnt this the hard way