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Budget

Local Property Tax reduced for 2015

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Following a vote by local Councillors in Dublin City Council and in Fingal Co. Council, the Local Property Tax will be reduced by 15% in 2015. Below are the new LPT rates that will apply. Valuation band (based on 2013 valuations) € Current LPT for a full year (€) 2015 LPT (€) 0 – 100,000 90 76.5 100,001 – 150,000 225 191.25 150,001 – 200,000 315 267.75 200,001 – 250,000 405 Read More

Tackling the Housing Shortage is not just about new Housing Estates

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For a country that had too many houses just a short number of years ago, it seems bizarre that now we are faced with a housing crisis where there are far too few.   But a housing crisis it is. It used to be the case that people who had difficulty finding a place to live were either single or separated or there were underlying issues such as substance abuse Read More

82% of income earners would not benefit from reduction in higher rate of income tax

Dáil reply on Thursday, 17 July, 2014   REPLY. I am informed by the Revenue Commissioners that, estimated by reference to 2014 incomes, around 856,000 (39%) income earners are exempt from income tax:   75,700 self-employed income earners are exempt from Income Tax, this represents 35% of self-employed income earners and 3% of all income earners.   780,300 PAYE income earners are exempt from Income Tax, this represents 40% of Read More

Legislation designed to recoup over €20 million from insurance companies still not activated

Legislation that was passed last November by the Dáil and that was designed to recoup over €20 million from insurance companies has yet to be activated.   In a Dáil reply to me, Minister Joan Burton says it will be another two months before the legislation can be commenced.   Sections 13 and 14 of the Social Welfare and Pensions Act 2014 sought to address a long-standing anomaly whereby tax-payers Read More

Shortall calls for reintroduction of Older Person’s Housing Scheme

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Independent T.D. Róisín Shortall has called for the reintroduction of the Financial Contribution scheme for Older Persons during a debate on the housing crisis in the Dáil. Ms. Shortall pointed out that one of the key factors behind the boom in rents at the moment is a lack of supply of family homes. She said that many families, even some long-term renters, have found themselves homeless as they are simply Read More

Charging for Water

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The following article appeared in the Irish Daily Mirror on 24th February, 2014 Charging for Water Nothing shows up the basic dishonesty of Irish politics more than the approach to water charges.   Half the country is being dug up at present to install water meters, yet we still don’t know how much the Government intends to charge us.   And of course the reason we don’t know is because Read More

Budget Changes Mean Thousands of New Workers Will Pay Higher Income Tax in 2015

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Budget changes affecting the medical card entitlement of people who have recently returned to work will mean that thousands of new workers will pay higher taxes – on top of losing their medical card. Under Medical Card rules, medical card holders are allowed to retain their card for three years if they have rejoined the workforce from long-term unemployment. On Budget day, it was announced by the Minister for Health Read More

Dáil Speech: High End Pensions Protected despite Budget Promises – Golden Circle of Government Wins Again

Dáil Speech on Finance (No. 2) Bill, 2013 – High End Pensions Protected despite Budget Promises – Golden Circle of Government Wins Again In last year’s budget speech, Minister Noonan said: “I want to clarify the Government’s policy: “Tax relief on pension contributions will only serve to subsidise pension schemes that deliver income of up to €60,000 p.a. This will take effect from 1st January 2014….” “… The Pension Levy…will Read More

Dáil Reply: 4,000 parents drawn into tax net as a result of Budget changes for separated parents

4,000 parents drawn into tax net as a result of Budget changes for separated parents – A further 5,500 extra people will now pay tax at the higher rate from the same set of measures A reply to a Dáil question provided to me yesterday evening shows the true extent of the impact of the tax changes affecting separated parents. 3,980 people previously outside the income tax net will now Read More