In 2012 it is estimated by the government that Carbon Tax will raise €370 million . The VAT charged on top of the Carbon Tax will raise another 39 million Euro . Breakdown of Carbon Tax 2012 estimates (Millions €) ———— Carbon Tax VAT Auto Diesel 130.63 3.00 Petrol […]
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Carbon Tax
Price of Gas and Heating Oil Rises From Today
The price of Gas and heating oil will rise from today – as the Carbon Tax increase from Budget 2012 takes effect. From May 1st – as announced last December -the carbon tax increase will add about €14.40 on the priceof 1,000 litres of kerosene and about €14.46 on the average gas bill . LPG […]
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Summary of Budget 2012 Taxation Changes
December 6th 2011 – Day Two of Budget 2012 – Taxation These are the main points of the second day of Budget 2012 This article will be updated as the details are announced. Income Tax – No Increases , No Changes to Tax Bands or Tax Credits Universal Social Charge – From January 1st the […]
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Budget 2012 – €3.8 Billion of Savings
A few days later than expected – as mentioned in our Budget 2012 Timetable – the Finance Minister yesterday unveiled the government’s medium-term fiscal statement setting out the headline adjustments that will be made between 2012 and 2015. The 2012 Budget will now include €3.8 Billion of savings – with €2.2 billion in spending cuts […]
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Carbon Tax to Double by 2014
In the Four Year Recovery Plan released today – there is mention of a 100% increase in the Carbon Tax in Ireland by 2014. Carbon Tax was introduced in May 2010 and it put about €43 on 1000l of heating oil and about €75 a year on average gas bills in Ireland . The […]
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