Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Budget 2013


Published on

  • Be the first to comment

  • Be the first to like this

Budget 2013

  1. 1. Budget 2013• Minister for finance Michael Noonan
  2. 2. • 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.
  3. 3. • €10 euro wiped off Child Benefit every month.
  4. 4. 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.
  5. 5. • A three-fold jump in prescription charges for medical card holders from 50 cent to 1.50 euro.
  6. 6. • 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.
  7. 7. • 50 euro cut from back-to-school allowance, down from 250 euro to 200 euro.
  8. 8. • TDs will now have to vouch for their expenses, while party leaders will have their special allowance cut by 10%.
  9. 9. • 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.
  10. 10. • 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.