Budget 2018: What to expect


What has the government got in store for us?

Budget 2018: What to expect

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  • 7 days ago

What has the government got in store for us?

Finance Minister Paschal Donohoe is set to announce the 2018 Budget on October 10th 2017.

A number of proposals have been circulating in recent weeks, with a number of changes to be expected in the 2018 Budget.

Diesel

There’s a possibility that there could be an increase in excise, which would narrow the gap between the cost of diesel and the cost of petrol, The Journal reported.

The price is believed to potentially increase by 3c/litre in 2018, according to Money Guide Ireland

Land Tax

In order to encourage house building, land tax on vacant sites could possibly be introduced, Money Guide Ireland reports.

Minimum Wage

Leo Varadkar announced that the minimum wage would increase to €9.55 per hour for an experienced adult worker, which is an increase of 3.2% on the current rate.

Cigarettes

Notes from a Tax Strategy Group meeting as reported by The Irish Times, the price of a pack of 20 cigarettes over the past 15 years has witnessed an increase from €5.87 in 2003 to €11.30 in 2017.

An increase of up to €1 on tobacco has been suggested by TSG ( Tax Strategy Group in the 2018 Budget.

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