Information about Budget 2016 in Ireland
Update – See Summary of all the Budget 2016 Changes Here Back in April this year we heard from Minister Noonan that we can expect somewhere in the region of €1.5 billion extra in the 2016 Budget – which will make it the first positive Irish Budget for 8 years. That figure of €1.5 billion […]
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Budget 2016 – Corporation Tax Reform : The Minister for Finance announced these changes as part of Budget 2016 Knowledge Development Box A reduced ( 6.25%) rate of corporation tax will apply to the profits arising to certain patents and copyrighted software which are the result of qualifying R&D carried out in Ireland. Also a […]
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Changes to USC made in Budget 2016 The USC (Universal Social Charge) has been cut in Budget 2016 – These are the new rates of USC that will come into effect on January 1st 2016 Zero – if total income is under €13000 a year For people with income of €13000 or more the rates […]
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There was no increase to alcohol duty in the 2015 budget – but the previous two budgets (2013 and 2014) saw a total combined increase in duty of 20c on a Pint or a measure of Spirits and €1.50 on 75cl bottle of wine. People tend to refer to alcohol price increases as one the […]
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For several years we got used to Budget day in the first week of December – just before the start of the Christmas Shopping season. Since Budget 2014 – the date of the Budget announcement has been moved to early October to fit in with EU budget dates and timetables. The date of Budget 2016 […]
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