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Noonan to announce range of harsh cuts in budget

Pensioners to lose phone allowance and prescription charges to see big increase. A raft of harsh measures such as ending the monthly telephone allowance for pensioners, a hefty rise in prescription charges, an 8-point rise to 41 per cent increase in Dirt tax and scrapping the mortgage interest supplement payments will be included in the… Read more »

Budget 2014 to be unveiled today

The Cabinet is to meet later today to discuss the Budget for a final time before details are made public. Finance Minister Michael Noonan will deliver the taxation measures in the Dáil at 2.30pm, followed by the Minister for Public Expenditure and Reform, Brendan Howlin, who will outline the spending cuts.

Euro zone SMEs ‘starved’ of credit

Small and medium sized businesses in the peripheral euro zone are being ”starved” of credit. They are also paying interest rates on bank loans up to three times more than their German counterparts.

Rabbitte defends upcoming Budget adjustment

Minister for Communications Pat Rabbitte has said that although the adjustment in the upcoming Budget will be somewhat less than €3.1bn it still does not mean that it will be any easier for hard-pressed families.

Revenue eBrief No. 39/13

17 September 2013 Employee Benefit Schemes Section 12 The Finance Act 2013 inserted a new anti-avoidance provision, Section 811B, into Chapter 2 Part 33 of the TCA 1997. An explanatory note on the new provision is contained in the Tax and Duty manuals under Income Tax, Capital Gains Tax, Corporation Tax at pdfPart 33.02.02  (PDF,… Read more »

Noonan coy on precise Budget adjustment plans

Minister for Finance Michael Noonan has refused to say how far under the planned €3.1bn adjustment he will go in the upcoming Budget. Speaking as he arrived at the Global Irish Economic Forum at Dublin Castle, he said officials have not arrived at a final figure.