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Main Points | Budget 2013


Budget 2013 Main Points

Draw your own conclusions but the cumulative effect will be savage for the average family. 

Child benefit cut by €10 per month

Unvouched expenses for TDs abolished

Third-level fees to rise by €250 per year

DIRT increases by 3% to 33%

Expenditure adjustments to toal €2.25bn

Motor tax to rise from January 1st

Excise duty on tobacco to rise

€1 duty increase on 75cl bottle of wine

10 cent rise on spirits, beer and cider

No increase on petrol/diesel

Carbon tax extended to solid fuels

Corporation tax remains unchanged at 12.5%

Homes bought in 2013 exempt from property tax

Property tax based on market value introduced

Property tax will be collected by the Revenue

Capital Acquisitions Tax threshold falls by 10 per cent.

Increase in USC for over 70s with incomes of €60,000+

Film tax relief extended to 2020

Tourism industry’s 9% VAT rate to remain in 2013

Stock relief for farmers extended

CRO to publish guidance for SMEs on credit

CRO to extend team of reviewers

Diesel rebate for hauliers from July 1st

R&D tax credits amended to encourage innovation

Tax reform plan to support SMEs

Noonan confident Ireland will return to markets

Minister for Finance Michael Noonan begins speech

via Main Points | Budget 2013 | The Irish Times.

via Main Points | Budget 2013.

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