Irish Republican News · October 14, 2008
[Irish Republican News]

[Irish Republican News]
Budget 2009 - Main points

The main points of the 26-County state budget for 2009, presented this afternoon by Minister for Finance Brian Lenihan,

  • 1% personal income levy on all income up to 100,000 Euro
  • 2% personal levy on all income over 100,000 Euro
  • Increase in standard rate tax band of 2,000 Euro for a married couple
  • Increase in standard rate tax band by 1,000 Euro for a single person
  • Tax relief on medical expenses capped at the standard rate
  • Increase of 2% in capital gains tax rate

  • Standard rate of Vat to increase by 0.5% to 21.5% from December 1st
  • Duty on cigarettes to increase by 50 cents for a packet of 20
  • Duty on wine to increase by 50 cents a litre
  • Air travel tax of 10 Euro per passenger, 2 Euros for shorter journeys
  • Duty on petrol to rise by 8 cents a litre
  • Motor tax to rise between 4% and 5%
  • Stamp duty on cheques to rise from 30 cents to 50 cents per cent
  • Top rate of commercial property stamp duty cut from 9% to 6%
  • Levy of 200 Euros for car parking provided by employers in major urban areas

  • Automatic entitlement to a medical card for over 70s to be abolished
  • 400 Euros annual grant for over 70s who do not qualify for automatic medical card
  • Child benefit for 18-year-olds to cease from 2010
  • Child benefit to be halved for 18-year-olds from January 1st
  • Family income supplement thresholds to rise by 10 Euro per week per child
  • Fuel allowance increased 2 Euro a week to 20 Euro per week
  • Lowest level of social welfare payment to rise to 204.30 Euro per week
  • Pension to rise by 7 Euro per week
  • Carer’s benefit and carer’s allowance to rise by 6.50 Euro per week

  • 200 Euro levy on second and holiday homes
  • 1.65 billion Euro to be spent on housing programmes in 2009
  • First-time buyers tax relief up from 20% to 25% in years 1 and 2
  • 5 million Euro for warmer homes scheme

  • Government to reduce the number of state agencies by 41
  • Decentralisation programme deferred until 2011, pending a review
  • Ministers and some senior civil servants to take 10% pay cut
  • Targeted early retirement scheme for the HSE
  • 889 million Euro investment for capital education projects

  • We have a favour to ask

    We want to keep our publication as available as we can, so we need to ask for your help. Irish Republican News takes time, money and hard work to produce. But we do it because we believe it makes a difference. If everyone who reads our website helps fund it, our future would be much more secure.

    For as little as £1, you can support Irish Republican News – and it only takes a minute. Thank you.

    © 2008 Irish Republican News