As Cliff Taylor, Editor of The Sunday Business Post, notes: who needs to raise income tax when you can introduce levy after levy with the same effect? Of course, this is an old refrain readers of the Noone Casey round-up will be very familiar with. Taylor argues the Government has no choice, given the hairshirt demanded by the bailout. Continue Reading

Needless to reiterate, it isn’t great out there and the president of the Irish Tax Institute, Bernard Doherty, tells The Sunday Business Post it isn’t likely to get a whole lot better. Doherty notes we can expect the introduction of household charges and increases in VAT and capital taxes as well as possible changes affecting PRSI and pensions in the upcoming Budget but “the devil will be in the detail”. Continue Reading

If you haven’t filed your income tax return, delaying further will only compound the damage, The Sunday Business Post reminds us. Continue Reading

Many motorists are staring down the barrel of a 63% increase in car tax and everyone faces a 4c a litre increase for every litre of petrol after the forthcoming budget, according to The Sunday Times. Continue Reading

The Government projections for additional revenue from the Vat increase are already in doubt and finance minister Michael Noonan has admitted as much, according to The Sunday Independent. Continue Reading

Top public servants can expect to pay more PRSI on their private income after the Budget, according to The Sunday Business Post, which says Government is preparing to remove a ‘block exemption’ from PRSI payments on private income, most of them hospital consultants who do not pay PRSI on earnings from treating private patients. Continue Reading

Landowners who reaped bonanza payments from compulsory purchase orders (CPO) in the Celtic Tiger years can expect a call from the Revenue, The Sunday Business Post reports. Continue Reading

A cap on retirement income would be preferable to any further reductions in tax relief on pension contributions, according to the Minister for Social Protection, Joan Burton. But the days of people in their 50s retiring on pensions of €150,000 are numbered because Ireland can no longer afford such largesse. Continue Reading

They may not be politically popular in the current climate of austerity where everyone is feeling the pinch, but maintaining and improving tax incentives for business must remain a core component of industrial strategy, Kevin McLoughlin, head of tax services with Ernst & Young, opines in The Sunday Business Post. Continue Reading