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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Four Year Plan
Household Charge From 2012 (Property Tax)
A new “household charge” is planned to be introduced in Ireland from January 2012 – it was announced by Environment Minister Phil Hogan yesterday. This Household Charge is an interim measure until a fully working Property Tax system is put in place. The property tax can’t be fully implemented until the government have put in […]
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Irish Bailout Loan Repayments
The exact length of the loans outlined in the bailout package yesterday are not known – but a figure of around 7 years was mentioned. The average interest rate mentioned is 5.8% – We have done some number crunching – to see what the monthly repayments would be on a repayment mortgage of 67.5 billion […]
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Irish Bailout Details
Brian Cowen has just announced that the European Union has approved an €85 billion rescue package over 7 years for Ireland- which, if drawn down in its entirety today, would attract an average interest rate of 5.83%. That equates to €18,888 per person in Ireland. €5 billion will come from the Irish government’s cash holdings […]
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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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