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Why the early budget?

  • 09-09-2013 11:27PM
    #1
    Registered Users, Registered Users 2 Posts: 7,444 ✭✭✭


    Why has the budget been moved forward to October?

    Is it merely a sleight of hand to gain an extra 2 months of additional revenue on the extra taxes imposed? Or is there some valid reason fot it?

    Multo autem ad rem magis pertinet quallis tibi vide aris quam allis



«1

Comments

  • Registered Users, Registered Users 2 Posts: 1,822 ✭✭✭Mickey H


    Noonan is probably bored. :confused:


  • Registered Users, Registered Users 2 Posts: 29,293 ✭✭✭✭Mint Sauce


    Cos the country is still fcuked dispite what the government tells us.


  • Registered Users, Registered Users 2, Paid Member Posts: 23,340 ✭✭✭✭dxhound2005


    SafeSurfer wrote: »
    Why has the budget been moved forward to October?

    Is it merely a sleight of hand to gain an extra 2 months of additional revenue on the extra taxes imposed? Or is there some valid reason fot it?

    I'm sure someone will come along and say Let me Google that for you.


  • Registered Users, Registered Users 2 Posts: 9,166 ✭✭✭Fr_Dougal


    SafeSurfer wrote: »
    Is it merely a sleight of hand to gain an extra 2 months of additional revenue on the extra taxes imposed?

    Yes.


  • Registered Users, Registered Users 2 Posts: 29,293 ✭✭✭✭Mint Sauce


    I'm sure someone will come along and say Let me Google that for you.

    Or ask to provide a link.

    :D


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  • Closed Accounts Posts: 4,916 ✭✭✭shopaholic01


    December budgets were blamed for reducing spending at Christmas.

    October budgets apparently allow us time to recover from the shock in time to keep retailers happy buying shit that nobody wants or needs.


  • Hosted Moderators Posts: 23,338 ✭✭✭✭beertons


    They're trying to screw the pensioners and those on social welfare before Christmas.


  • Closed Accounts Posts: 3,871 ✭✭✭Scortho


    Apparently having the budget at its normal time effects Christmas shopping.


  • Banned (with Prison Access) Posts: 9,463 ✭✭✭Celly Smunt


    Probably gives them enough time to prepare a second budget in December if the whole country does a pension protest type job. (won't happen though)


  • Registered Users, Registered Users 2 Posts: 1,822 ✭✭✭Mickey H


    Scortho wrote: »
    Apparently having the budget at its normal time effects Christmas shopping.

    What about those that did their Christmas shopping in August?? :confused:


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  • Closed Accounts Posts: 12,395 ✭✭✭✭mikemac1


    Go back to the old way :cool:

    Tax year and budgets were always done in April


  • Registered Users, Registered Users 2 Posts: 37 mandylevo


    can only presume that it's to save money on social welfare and bring in money from taxes, they'll surely give some other reason for it but fundamentally I think we'll all know thats why


  • Registered Users, Registered Users 2 Posts: 8,058 ✭✭✭Uriel.


    mandylevo wrote: »
    can only presume that it's to save money on social welfare and bring in money from taxes, they'll surely give some other reason for it but fundamentally I think we'll all know thats why

    Not really, most taxes (save alcohol, petrol and cigarettes) and cuts etc.. tend not to take effect until the following January.

    It has been said it is to try reduce the impact on the Christmas Shopping season, and also to allow household, business and indeed Government financial planning


  • Closed Accounts Posts: 360 ✭✭Bactidiaryl


    Maybe cause its ready.


  • Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    50c on fags

    Rabble Rabble

    1 euro on spirits

    Rabble Rabble

    Increased pensions for TDs

    *tumbleweed*


  • Closed Accounts Posts: 3,407 ✭✭✭lkionm


    Are they changes in tax and that crap not usually due to come in at the start of the year?


  • Closed Accounts Posts: 16,701 ✭✭✭✭Tigger


    I assume that it's to relieve pressure on FG from labour in the case of a dissagreement as there is time for a general election and a new budget if there are issues . Apparently the last budget was quite the bone of contention.


  • Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    So....

    Predictions?

    I'll have a shot.
    20 cents on fags, not much on booze. Increase in VAT by 0.5%. PAYE increases but only slight. A new tax of some sort, perhaps on financial transactions.


  • Closed Accounts Posts: 3,407 ✭✭✭lkionm


    MadsL wrote: »
    So....

    Predictions?

    I'll have a shot.
    20 cents on fags, not much on booze. Increase in VAT by 0.5%. PAYE increases but only slight. A new tax of some sort, perhaps on financial transactions.

    An Internet tax for emigrants still using Irish based websites.


  • Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    lkionm wrote: »
    An Internet tax for emigrants still using Irish based websites.

    ...from my cold dead hand ;)


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  • Registered Users, Registered Users 2 Posts: 41,232 ✭✭✭✭Annasopra


    SafeSurfer wrote: »
    Why has the budget been moved forward to October?

    To comply with EU Rules

    http://www.irishtimes.com/news/politics/next-budget-to-be-revealed-in-october-1.1339774

    It was so much easier to blame it on Them. It was bleakly depressing to think that They were Us. If it was Them, then nothing was anyone's fault. If it was us, what did that make Me? After all, I'm one of Us. I must be. I've certainly never thought of myself as one of Them. No one ever thinks of themselves as one of Them. We're always one of Us. It's Them that do the bad things.

    Terry Pratchet



  • Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    To comply with EU Rules

    Ah here, Ming won't like that.


  • Registered Users, Registered Users 2 Posts: 4,863 ✭✭✭worded


    Having a budget so close to Christmas was depressing.
    Better to get it over with early and then party in Dec.
    Let's hope it's a good one, without any tears, and so ......


  • Closed Accounts Posts: 3,407 ✭✭✭lkionm


    MadsL wrote: »
    ...from my cold dead hand ;)

    It's called subscribing


  • Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    lkionm wrote: »
    It's called subscribing

    Interesting, tell me more. Do boards pay VAT on subscriptions? Am I unwittingly playing into he hands of the evil twisted genius that is Noonan?


  • Closed Accounts Posts: 3,407 ✭✭✭lkionm


    MadsL wrote: »
    Interesting, tell me more. Do boards pay VAT on subscriptions? Am I unwittingly playing into he hands of the evil twisted genius that is Noonan?

    It eventually goes to him some way or another.


  • Registered Users, Registered Users 2 Posts: 739 ✭✭✭flynnlives


    heres an interesting fact:

    any new bank bailouts will include depositors!


    oh and btw the irish banks will need quite a few more billions to see them thru! ;)

    you have been warned


  • Closed Accounts Posts: 953 ✭✭✭donegal__road


    flynnlives wrote: »
    heres an interesting fact:

    any new bank bailouts will include depositors!


    oh and btw the irish banks will need quite a few more billions to see them thru!

    you have been warned

    will this include An Post?


  • Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    will this include An Post?

    Oddly enough Post Bank was not "too big to fail" and was one bank allowed to simply shut its books without "systemic failure" - Post Bank, a bank with national infrastructure where the money could have been put to lend to decent businesses as part of a stimulus package.

    Instead it was quietly closed. Funny that.


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  • Closed Accounts Posts: 953 ✭✭✭donegal__road


    MadsL wrote: »
    Oddly enough Post Bank was not "too big to fail" and was one bank allowed to simply shut its books without "systemic failure" - Post Bank, a bank with national infrastructure where the money could have been put to lend to decent businesses as part of a stimulus package.

    Instead it was quietly closed. Funny that.


    I wonder was there ever any explanation given to why this happened?


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