Income Tax Return Deadlines 2017

The deadlines for filing your 2016 Self Assessment Income Tax returns are getting closer.

If you are doing a paper based Form 11  Tax return – they have to be with  Revenue by the 31st October 2017.

Online Form 11  returns via Revenue Online Service have a  later deadline of November 14th 2017.


There is a late filing penalty if tax returns are not made in time

If you file your Income tax return late, a surcharge will be added on to your tax due, as follows:

  • If you miss the deadline of 31/10/2017 (or 14/11/2017 for ROS customers) and you file your tax return before 31st December 2017, there is extra penalty of 5% of the tax due (maximum of €12,695)
  • If you file your tax return after 31st December 2017, there is extra penalty of 10% of the tax due (maximum of €63,485),
 

Welfare and Pension Increases in Budget 2018

Welfare and Pension Increases in Budget 2018

The State Pension will be Increased by €5 a week from the end of March 2018. There will be proportional increases for dependant adults and those on reduced rates. ( This is estimated to cost €116 million in 2018 ).

Welfare Benefits :  All weekly rates of working age benefits are to increase by €5 a week from the end of March 2018 . This includes Jobseekers, Farm Assist, One Parent Family Payment, Carers Allowance , Disability, Invalidity, Maternity , Supplementary Welfare.

The €5 increase also applies to Jobseekers  aged under 26 who are on a reduced rate of payment.  (other reduced rates will get proportionate increases ).
The €5 increase also  includes  employment programmes such as CE, TÚS and Rural Social Scheme.
This increase will cost €147 million in 2018.

(No change to Child Benefit)

Working Family Payment – There had been talk for a couple of years of a new “Working Family Payment”   – but it seems that all that has happened in Budbet 2018 is that Family Income Supplement has just been renamed the Working Family Payment !

Welfare Christmas Bonus :  Will be paid at 85% again for Christmas 2017  – more details here

New telephone support payment (“Community Support Allowance”)   of €2.50 per week for those on the living alone allowance  ( subject to the same eligibility conditions as the Fuel Allowance)  This is due to start in June 2018 .(Estimated cost €9.4 million in 2018) . It is expected that just 124,000 people will be eligible for this. We assume it will be paid automatically to those that are eligible.

Continue reading…

 

Budget 2018 Summary of Changes

Budget 2018 Summary of Changes

A summary of all the changes announced in Budget 2018 on Oct 10th 2017


Stamp Duty on Commercial property sales will rise from 2% to 6% from 11th October 2017

Vacant Site Levy – increasing from 3% to 7% in the second year of undeveloped land remaining vacant.

Mortgage interest relief was already due to be abolished entirely after 31 December 2017. Budget 2018 announced that it will now be gradually reduced.  It will be 75% in 2018, 50% in 2019 and 25% in 2020. Zero from 2021 onwards.

Prescription charges for under 70s – reduced from €2.50 per item to €2 (Jan 1st 2018)

Drugs Payment Scheme – Monthly threshold to be reduced from €144 to €134 (Jan 1st 2018)

Tobacco:  Pack of 20 cigarettes to rise by 50c

New Sugar Tax :  Details Here

Higher VAT on Sunbed treatments – rising from 13.5%to 23%

Continued …..

Continue reading…

 

Smyths Toys Discount Codes


Smyths is an Irish success story – taking on the likes of Toys R Us in the UK and growing rapidly.  They sell loads of toys online and often have online promo codes for discounts.

Smyths Toys  Discount codes for Outdoor items :  Code EM5 will get you  €5 off a spend of €25 or more.
Code EM10 will get you €10 off a sale of €50 or more and code EM20 will get you €20 off  a spend of €100 or more.(Outdoor items only  until 18th October 2017)

 

 

Many more discounts  and offers can be found on our Bargain Alerts Page

 

smyths toys discount codes