Budget 2014

Dear friends,

The budget has been released.  Below is a summary.  A comprehensive guide can be found on our website:



Observations at a Glance

  1 Tax Rates / Credits  Changes for One parent family
  2 PRSI rates  No changes
  3 Personal Tax  DIRT / Exit tax increase to 41%
  4 Business Tax  Retention of 9% VAT rate. Increase in VAT Cash Receipts Threshold to €2 million (from May 2014)
  5 Capital Taxes  CGT incentive for new entrepreneurs
  6 Property Taxes  Home Renovation Scheme introduced
  7 Indirect Taxes  Increases in Alcohol and Tobacco
  8 Pensions  Increase in Pension Levy for 2014, will reduce in 2015
  9 Social Welfare  Reduced rate for Jobseekers Allowance age 25 and under


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