brian-lenihan

 

Income levy rates doubled to 2%, 4% and 6%.

Cigarettes up 25 cent and diesel up five cent a litre.

New asset management agency to take bad loans off the banks’ balance sheets.

Early childcare supplement halved from 1 May, and scrapped altogether next year.

No increases in social welfare for the next couple of years, rates may be reviewed later.

The ceiling for employee PRSI will rise from €52,000 to €75,000.

New scheme to allow civil servants over the age of 50 to retire.

Income levy thresholds lowered, with the 2% rate at €15,000, 4% at €75,000 and 6% at €175,000.

DIRT will go up from 23% to 25%. The levy on non-life insurance premiums rises from 2% to 3%.

Capital Gains Tax and Capital Acquisitions Tax will both rise from 22% to 25%.

Christmas welfare bonus will not be paid this year, while those under 20 will have their dole payments halved.

A 10% cut in political expenses, while long-term payments to TDs will be abolished.

Health Levy rates will double to 4% and 5%. The entry point for the higher rate will be reduced to €1,443 per week which is €75,036 per annum.

Commission on Taxation will decide on how to raise further money from taxing or means testing child benefit.

A national infrastructure bond to be looked at to raise money for capital projects.

Ceiling for employee PRSI to rise from €52,000 to €75,000.

Enterprise Stabilisation Fund to be set up to help protect jobs in troubled businesses.

Stamp Duty trading scheme to be introduced.

A review of top-level public sector pay rates.

Petrol and alcohol duties will not go up.

Mortgage interest relief will now only be available for the first seven years on principal private residences.

This entry was posted on Wednesday, April 8th, 2009 at 8:10 pm.
Categories: Business.

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