Archive for 'Budget'

NOT SURE WHAT exactly happened today during the Budget 2013 announcement? Don’t have time to read everything?

The good folk over at Legal Panda have created this handy chart which outlines all the major measures revealed by Ministers Michael Noonan and Brendan Howlin.

View full here

Taxation

Income tax

There are no changes in the existing rates or income tax bands. There are also no changes to existing tax credits.

However, Illness Benefit will now be taxed from the first day of payment; previously the first 6 weeks (36 days) were exempt from tax.

Domicile levy

The citizenship condition for payment of the levy is being removed. This will mean that liable non-residents will not be able to avoid the levy by changing their citizenship status.

Universal Social Charge (USC)

People with ...