#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: 8°C Sunday 25 October 2020
Advertisement

Budget 2019: Winners and Losers

There’s good news and bad news….

Image: Mark Stedman via RollingNews.ie

PASCHAL DONOHOE THIS afternoon commended Budget 2019 to the Dáil. 

Amid all the talk and bluster, we break down the winners and losers:

WINNERS

90283684_90283684 Source: Mark Stedman/Photocall Ireland

Social Welfare: All weekly payments are increasing by €5. The 100% Christmas bonus was fully restored. 

Low to middle earners: The entry point to the higher rate of income tax increased from €34,550 to €35,300. The third rate of Universal Social Charge was also reduced from 4.75% to 4.5%.

shutterstock_536517748 Source: Shutterstock/Liudmila Fadzeyeva

New parents: An extra two weeks paid leave was announced.

Corporation Tax: Our controversial 12.5% corporation tax was left unchanged.

House hunters: Plans to deliver 6,000 affordable homes were announced. A single person earning less than €50,000 and a couple on less than a combined €75,000 will be able to apply.

shutterstock_736925074 Source: Shutterstock/i viewfinder

Pill bills: The prescription charge was reduced from €2 to €1.50. There will also be a €25 increase in the weekly income threshold for GP Visit cards. 

LOSERS

File Photo Excise duty on 20 cigarettes up by 50cent. End. Source: Mark Stedman via RollingNews.ie

Smokers: It’s bad news again. A pack of cigarettes is increasing by 50c. Pouches of tobacco will also increase by 50c.

shutterstock_286760666 Source: Shutterstock/Dmitry Kalinovsky

Hospitality Sector: The Government announced that it is increasing the VAT rate back to 13.5%. It had been reduced to 9% during the recession to stimulate tourism.

shutterstock_1084975991 Source: Shutterstock/Robson90

Diesel car drivers: There’s going to be an additional 1% added to Vehicle Registration Tax on new diesel cars.

About the author:

Read next:

COMMENTS (62)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel