Why the early budget?

SafeSurfer · 09-09-2013 10:27pm #1

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?

Mickey H · 09-09-2013 10:28pm

Noonan is probably bored.

Mint Sauce · 09-09-2013 10:28pm

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

dxhound2005 · 09-09-2013 10:30pm

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.

Fr_Dougal · 09-09-2013 10:31pm

SafeSurfer wrote: »

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

Yes.

Mint Sauce · 09-09-2013 10:31pm

dxhound2005 wrote: »

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

Or ask to provide a link.

shopaholic01 · 09-09-2013 10:32pm

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.

beertons · 09-09-2013 10:33pm

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

Scortho · 09-09-2013 10:33pm

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

Celly Smunt · 09-09-2013 10:36pm

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)

Mickey H · 09-09-2013 10:36pm

Scortho wrote: »

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

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

mikemac1 · 09-09-2013 10:36pm

Go back to the old way :cool:

Tax year and budgets were always done in April

mandylevo · 09-09-2013 10:37pm

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

Uriel. · 09-09-2013 10:47pm

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

Bactidiaryl · 09-09-2013 10:49pm

Maybe cause its ready.

MadsL · 09-09-2013 10:54pm

50c on fags

Rabble Rabble

1 euro on spirits

Rabble Rabble

Increased pensions for TDs

*tumbleweed*

lkionm · 09-09-2013 11:28pm

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

Tigger · 09-09-2013 11:37pm

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.

MadsL · 09-09-2013 11:46pm

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.

lkionm · 09-09-2013 11:55pm

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.

MadsL · 09-09-2013 11:58pm

lkionm wrote: »

An Internet tax for emigrants still using Irish based websites.

...from my cold dead hand

Annasopra · 10-09-2013 12:25am

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

MadsL · 10-09-2013 12:31am

mango salsa wrote: »

To comply with EU Rules

Ah here, Ming won't like that.

worded · 10-09-2013 12:37am

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 ......

lkionm · 10-09-2013 12:40am

MadsL wrote: »

...from my cold dead hand

It's called subscribing

MadsL · 10-09-2013 12:45am

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?

lkionm · 10-09-2013 12:48am

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.

flynnlives · 10-09-2013 1:06am

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

donegal__road · 10-09-2013 1:08am

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?

MadsL · 10-09-2013 3:29am

donegal__road wrote: »

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.

donegal__road · 10-09-2013 8:50am

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?

Larbre34 · 10-09-2013 9:02am

Only excise changes come in on Budget day, the important stuff will still happen on 1 Jan, it just gives people a chance to plan for how f**ked they are.

From a PR point of view I can understand not having it in the middle of the build up to Christmas, although itll make sod all difference.

veryangryman · 10-09-2013 9:10am

mango salsa wrote: »

To comply with EU Rules

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

EU rules.... Ass rape. Same thing really.

Annasopra · 10-09-2013 9:40am

veryangryman wrote: »

EU rules.... Ass rape. Same thing really.

Not at all

K-9 · 10-09-2013 10:59am

donegal__road wrote: »

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

It wasn't open long, I assume a case of wrong time, wrong country and the bank who owned it gave up on it.

MadsL · 10-09-2013 2:20pm

K-9 wrote: »

It wasn't open long, I assume a case of wrong time, wrong country and the bank who owned it gave up on it.

A massively missed opportunity in my book. The Govt could ahve taken a significant share in Post Bank, a functioning bank rather than the debt mountains of the other banks - and used it to ensure lending to small businesses did not shut down during the banking firestorm. Significant money that ended up bailing out banks and developers, could have gone into loans to sustainable small businesses that lost access to reasonable lending. Many small businesses found that short of putting their houses on the line there was no access to reasonable lines of credit. ISME and others were highlighting this over and over.

Why the early budget?

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