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Budget 2013• Minister for finance Michael Noonan
• Property Tax• New Local Property Tax to be introduced on 1 July 2013.• Exemptions will include:• Any new or previously unoccupied homes purchased up to the end of 2016;• First-time buyers in 2013;• Those in unfinished estates for the next three years;• Most of those exempt from Household Charge this year.• The tax will be charged at 0.18 per cent of the market value for houses worth under €1 million.• Houses valued at more than €1 million will be charged at 0.25 per cent of market value.
• €10 euro wiped off Child Benefit every month.
Cigarettes and Alcohol• A bottle of wine will be more expensive from midnight because of a €1 rise in excise duty;• Pints of beer and cider will jump by 10c;• Excise duty on spirits will rise by 10c per standard measure;• The duty on a packet of cigarettes will increase by 10c;• Roll-your-own tobacco will increase by 50c per packet.
• A three-fold jump in prescription charges for medical card holders from 50 cent to 1.50 euro.
• The Student Contribution Charge will increase by €250 next year, resulting in families paying €2,500 per child in the 2013/2014 academic year.• The charge is due to increase by €250 every subsequent year until 2015, when it will be €3,000.
• 50 euro cut from back-to-school allowance, down from 250 euro to 200 euro.
• TDs will now have to vouch for their expenses, while party leaders will have their special allowance cut by 10%.
• Motoring• The excise duty on petrol is to remain unchanged.• Vehicle Registration scheme to change to a dual-system so next years cars will be either 131s or 132s;• The rates of both VRT and motor tax across all categories will increase with effect from the 1 January 2013.
• Carbon tax is to be extended to solid fuels on a phased basis over two years. A rate of €10 per tonne will apply from 1 May 2013 and increase to €20 the following year• Corporation tax is to remain unchanged.• DIRT is to increase from 30 to 33 per cent.• Capital Acquisitions Tax is to increase by 3 per cent to 33 per cent.• The threshold to which Capital Acquisitions Tax applies is to be reduced by 10 per cent;• From 1 July 2013, Maternity Benefit will be treated as taxable income but will be exempt from the USC.