as it happens... Live Commentary Thread

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

Riskymove

loveisdivine wrote: »

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.

yes

a certain amount was exempt before

hatrickpatrick

What's the point of putting rollies up so much more than a packet of cigs? O_o

Riskymove

TwoShedsJackson wrote: »

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?

I think it may be pro-rata but details will confirm soon

RandolphEsq

Pints up 10c? On Dublin pub rates that works out to 50 pints for the price of 51. Won't somebody please think of the children!

Riskymove

hatrickpatrick wrote: »

What's the point of putting rollies up so much more than a packet of cigs? O_o

to put off people switching from cigs to cheaper roll your own!!

Sleepy

DIRT up to 33%

Mycroft H

hatrickpatrick wrote: »

What's the point of putting rollies up so much more than a packet of cigs? O_o

Lots more people using them then they used to. Much cheaper then normal cigs.

ibarelycare

loveisdivine wrote: »

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.

For most workers, if you earn over €352 per week, the first €127 is exempt from PRSI and the balance is charged at 4%. That exemption is now gone, and the entire amount is charged at 4%.

Sleepy

Corporate Tax Rate to stay the same.

Scortho

hatrickpatrick wrote: »

What's the point of putting rollies up so much more than a packet of cigs? O_o

Theres been a large increase in the amount of people, especially younger people buying rollies.
Its a catch all approach and will take in more tax. How many people buy illegal rollies....