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Monday 26 October 2020
The minister did not announce any change to excise duty on alcohol products.
The Drinks Industry Group of Ireland called for a 15% reduction in the tax by 2021.
The National Off-Licence Association says it’s hurting smaller sellers.
Gardaí will implement a plan to tackle it with Revenue.
The drinks industry says it would help pub owners but alcohol awareness advocates say it would be damaging to society.
The Oireachtas Agriculture Committee has been told that the high level of excise duty on spirits is putting the livelihoods of 12,000 families and a €1bn injection into the Irish economy at risk.
Just 7 per cent of these businesses said they have managed to maintain pre-Budget 2014 sales volumes.
From January, those travelling from six EU member states will only be able to bring in 300 cigarettes without paying additional excise duty.
The price of wine is gone up by 50 cent, under yesterday’s Budget 214 announcement.
An association representing independent off-licences also said today that there should be a ban on selling alcohol below cost.
The Department of Finance said the tax profile is helped by the collection of €126 million in Property Tax receipts.
Income tax, VAT and excise duties are lower than had been forecast – but corporation tax is well ahead of expectations.
Tax revenue was ahead of target by €47 million with corporation tax surpassing its target by €147 million.
The total tax take in February 2013 was €2.042 billion – down by €186 million on the same month from last year.
A €1 billion sale of Bank of Ireland notes means Ireland recorded an Exchequer surplus for January 2013.
Child benefit cuts, respite carer grant cuts and motor tax increases.
Here are the things we learned, loved and shared today.
The Department of Finance has released the last exchequer returns before tomorrow’s Budget with income tax take for November 12 per cent below target.
The first documents for Budget 2013 show the government expecting a 4.5 per cent increase in income tax in 2013.
The cigarettes would have posed a loss to the Exchequer of about €120,000, and were disguised as ‘advertising material’.
While food industry representatives say that a tax would hit consumers, dentists question the health benefits of it.
Spending at the Department of Social Protection was more than expected, whereas the Department of Jobs, Enterprise and Innovation continues to underspend.
Spending at the Departments of Health and Social Protection were more than expected, according to the latest figures from the Department of Finance.
The latest IMF update on Ireland’s financial health, summarised into handy bitesized chunks.
The Department of Finance said that the increases marked “an encouraging performance” in the first five months of the year.
Fianna Fáil is to bring legislation before the Dáil this evening to cut fuel excise duty by 4 cent, offering an effective cut in fuel prices of 5 cent.
As the price of a litre of petrol passes €1.62, the Minister for Finance says tax cuts could mean “significant costs” to the State.
A Fine Gael TD has called on the government to look into eliminating motor tax, and replacing it with extra levies on fuel.
New data published by the Department of Finance show that income tax, VAT and corporation tax were all lower than expected.
Retail Ireland has called on the government not to increase excise duty and not to shift the payment of sick leave onto employers in the Budget next week.
New figures from the Exchequer also show its deficit has blown up to €22.2 billion due to payments made to recapitalise Irish banks.
Dublin District Court judge sends smuggler down for six months after he’s caught with nearly 10,000 illegal cigarettes.
THERE ARE 59 shopping days until Christmas.
Most retailers across the country will be closed until 1 December, losing out on some vital festive shopping business.
Many are depending on customers shifting to online sales during that time.
So we want to know: Will you do more of your Christmas shopping online this year?
Poll Results:
Share your story: voices@thejournal.ie
Partly sunny, showers around in the p.m.
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A little morning rain, then a shower
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Variable clouds, showers around; breezy
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