Monday 18 January, 2021
Business Minister Heather Humphreys said ‘for reputational reasons’ the government should not remove the tax relief scheme.
Giving tax relief to renters would cost €279 million.
Parties are calling for a rent freeze of up to three years.
People have been urged to check if they’re eligible ahead of what can be a very expensive time for students and their families.
Scenes filmed at Malin Head in Co Donegal and Ceann Sibeal in Co Kerry feature in The Last Jedi.
Michael Noonan is chairing the working group that will looking at taxation in the rental market.
A cap on tax relief on health insurance brought in €151 million.
He added that tax cuts need to be on table in coming months.
However Minister James Reilly said it is important that they fully understand the level of cover their policy provides.
The cap on the tax relief on health insurance policies will increase the costs for customers.
The film industry is one of our few economic bright spots, writes Simon Carty – so we should support it now more than ever.
In a letter to Taoiseach Enda Kenny, Jack O’Connor says that introducing the 41 per cent rate on pensions over €60,000 sooner would obviate the need for certain cuts.
The reduced USC rate for some of those aged over 70 is to be discontinued, while tax relief on pension contributions will soon only subsidise pension schemes under €60k per annum.
Donations made from the 2013 tax year will be subject to a new tax relief regime, with a “blended rate” of 31 per cent.
Controversy over generous pension arrangements for executives means we risk throwing the baby out with the bathwater.
The minister said that in the future, an auto-enrolment scheme could also be introduced to supplement pensions with savings.
The additional tax payments by high earners yielded an extra €80 million for Revenue in 2010.
The Minister for Finance says that the new Special Assignee Relief Programme will only apply to people whose skills are not available in Ireland.
The highest earners tend to pay tax at a rate well below the standard top band, new figures show.
Proposals under the National Recovery Plan included cutting pension tax relief to 20 per cent. Instead, the government wants a 33 per cent flat rate on all contributions.
The Chief Justice John Murray has met with Taoiseach Enda Kenny and voiced concerns about the impact a new cap on public sector pension funds might have on judges’ retirements.
The Bill also brings deadline for filing self-employed income tax and capital gains tax forward, and specifies cuts to tax relief on third-level fees.
