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Main Budget 2013 Tax changes at a glance :

  • 05-12-2012 06:40PM
    #1
    allthedoyles
    Registered Users, Registered Users 2 Posts: 6,892 ✭✭✭


    Maternity Benefit to be taxable for all claimants with effect from 1 July 2013
    Top Slicing Relief will no longer be available from 1 January 2013 on ex-gratia lump sums in respect of termination and severance payments where the non-statutory payment is €200,000 or over
    The standard rates of USC will apply to those aged 70 years of age and over and medical card holders (PAYE/self-employed income earners) earning €60,000 and above with effect from 1 January 2013.
    Removal of weekly PRSI allowance from full rate and modified rate PRSI contributors.
    Increase in the minimum annual PRSI contribution for self-employed earners from €253 to €500
    Collection of the Local Property Tax (LPT) will commence on 1 July 2013. The LPT will be administered by the Revenue Commissioners
    Rates of VRT are being increased with effect from 1 January 2013
    Motor Tax rates across all categories will increase with effect from 1 January 2013.
    The excise duty on a pint of beer or cider, and a standard measure of spirits is being increased by 10c (including VAT); the duty on a 75cl bottle of wine is being increased by €1 (including VAT), with pro-rata increases on other products. These increases will take effect from midnight on 5 December 2012
    The excise duty on a packet of 20 cigarettes is being increased by 10 cents (including VAT) with a pro-rata increase on the other tobacco products, with effect from midnight on 5 December 2012. The excise duty on roll-your-own tobacco is also being increased by 50c per 25g pouch with effect from midnight on 5 December 2012
    The carbon tax will be extended to solid fuels on a phased basis. A rate of €10 per tonne will be applied with effect from 1 May 2013 and at a rate of €20 per tonne from 1 May 2014.
    The current rate of 30% is being increased to 33%. This increase applies in respect of gifts or inheritances received after 5 December 2012

    A lot of stuff there to take in


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