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 2012 Highlights


Published on

Presentation given at the McInerney Saunders Annual Networking Event 2011.

Read the blog post here:

  • I have always found it hard to meet the requirements of being a student. Ever since my years of high school, I really have no idea what professors are looking for to give good grades. After some google searching, I found this service ⇒ ⇐ who helped me write my research paper. The final result was amazing, and I highly recommend ⇒ ⇐ to anyone in the same mindset as me.
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

Budget 2012 Highlights

  1. 1. Budget 2012 Highlights And Tax Reliefs and Opportunities
  2. 2. <ul><li>Budget – Tax Highlights </li></ul><ul><li>Tax Incentives and Opportunities </li></ul>Introduction
  3. 3. Taxation <ul><li>Personal Taxes </li></ul><ul><li>Corporation Tax </li></ul><ul><li>Indirect Taxes </li></ul><ul><li>Stamp Duty </li></ul><ul><li>Capital Taxes </li></ul><ul><li>Other changes </li></ul>
  4. 4. Budget Highlights <ul><li>Personal Taxes </li></ul><ul><ul><ul><li>No change in rate bands or tax credits. </li></ul></ul></ul><ul><ul><ul><li>Universal Social Charge (USC) exemption increased from €4,004 to €10,036 from 1 January 2012. </li></ul></ul></ul><ul><ul><ul><li>Extension of PRSI to cover rental, investment and other income of PAYE workers from 2013. </li></ul></ul></ul><ul><ul><ul><li>Property Based Reliefs </li></ul></ul></ul><ul><ul><ul><ul><ul><li>Accelerated Capital Allowances – 1 January 2015 </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Investors with annual gross income of over €100,000 will be subject to a 5% surcharge </li></ul></ul></ul></ul></ul>
  5. 5. Budget Highlights <ul><li>Corporate Tax </li></ul><ul><ul><ul><li>12.5% Corporation tax to remain </li></ul></ul></ul><ul><ul><ul><li>Start-Up Exemption extended to 2014 </li></ul></ul></ul>
  6. 6. Budget Highlights <ul><li>Indirect Taxes </li></ul><ul><ul><li>Standard VAT rate - 21% to 23% </li></ul></ul><ul><ul><li>Carbon taxes increased </li></ul></ul><ul><ul><li>Household charge of €100 p.a. </li></ul></ul><ul><li>Stamp Duty </li></ul><ul><ul><ul><li>Commercial Property Rate - 6% to 2% </li></ul></ul></ul><ul><ul><ul><li>No change to residential rates </li></ul></ul></ul>
  7. 7. Budget Highlights <ul><li>Capital Taxes </li></ul><ul><ul><ul><li>CGT and CAT rates - 25% to 30% </li></ul></ul></ul><ul><ul><ul><li>CAT threshold reduced from €332,084 to €250,000 on gifts/inheritances from parent to child. </li></ul></ul></ul><ul><ul><ul><li>CGT exemption on any gains made from property acquired before 31 December 2013 and held for 7 years. </li></ul></ul></ul><ul><ul><ul><li>Changes to Retirement Relief </li></ul></ul></ul>
  8. 8. Budget Highlights <ul><li>Other Points </li></ul><ul><ul><ul><li>Statutory Redundancy - employer rebate </li></ul></ul></ul><ul><ul><ul><ul><ul><li>Reduced from 60% to 15%. </li></ul></ul></ul></ul></ul><ul><ul><ul><li>No changes to pension relief or losses forward </li></ul></ul></ul><ul><ul><ul><li>Increase in DIRT from 27% to 30% </li></ul></ul></ul><ul><ul><ul><li>Special Assignee Relief Programme </li></ul></ul></ul><ul><ul><ul><li>Foreign Earnings Deduction </li></ul></ul></ul><ul><ul><ul><li>R & D credits </li></ul></ul></ul>
  9. 9. Find Out More <ul><li>Visit us Online: </li></ul><ul><li> </li></ul><ul><li>Read More About Our Annual Networking Event & Budget 2012: </li></ul><ul><li> </li></ul>