Finance Act 2013

In short

The Finance Act 2013 is a law that deals with various financial matters, primarily focusing on taxes and duties. It amends existing tax laws and introduces new provisions related to income, corporations, capital gains, excise, value-added tax, stamp duties, and capital acquisitions tax.

What it regulates

• Income Levy, Universal Social Charge, Income Tax, Corporation Tax, and Capital Gains Tax.
• Excise duties on products like tobacco, mineral oil, alcohol, and vehicle registration tax.
• Value-Added Tax (VAT) rules, including exemptions and rates.
• Stamp Duties and Capital Acquisitions Tax.

Who it concerns

• Individuals and companies subject to various taxes, including income tax, corporation tax, and capital gains tax.
• Businesses and consumers affected by excise duties, VAT, and stamp duties.

Key points

• It amends the Universal Social Charge, including its rate.
• It introduces changes to income tax relief for key employees, home loans, and third-level education fees.
• It adjusts rates for Capital Gains Tax and tobacco products tax.
• It includes provisions for tax clearance certificates and information exchange with other tax authorities.