The main points of the 2011 Budget announced on December 7th
This will be updated as details are announced..
No State Pension Cuts (It will be frozen in 2011)
Average 4% Reduction in All Welfare benefits – see 2011 Rates Here
€10 Euro in Child Benefit for 1st and 2nd Child. €20 Cut in Child Benefit for 3rd child, €10 Cut for 4th and all subsequent children. More Details Here
Taioseach Pay Cut of €14000 to €214,000 (about 6%)
Tánaiste salary will be reduced by €11,000, from €208,000 to €197,000 (5%)
Ministers Pay cut of €10,000 to €181,000. (5.2%)
TDs- no pay cut still €92,672 0%
DIRT to rise from 25% to 27%
Stamp Duty to be cut to 1% on property up to €1million and 2% on property over €1million. All exemptions to be removed (i.e First Time Buyers)
Air Travel Tax to be cut from €10 to €3 (€2 rate is rising to €3)
Excise Duty on Petrol to Rise – meaning 4c a litre increase and 2c a litre on deisel from 8th December 2010
Car scrappage scheme extended to June 2011 but max amount reduced by 250 to €1,250.
Online Betting Tax 1% to be introduced
No change to 12.5% Corporation Tax
Health Levy and Income Levy to be abolished and replaced by a new Universal Social Charge More Details Here USC
Public sector pensions above €12,000 per year will be cut by an average of 4% – see full details of Public Sector Pension Cuts here .