Finance Act 2018

I gCúpla Focal

This law, the Finance Act 2018, is about changing various taxes and duties in Ireland. It covers updates to how different types of income are taxed and how certain goods and services are charged.

Cad a Rialálann Sé

• Universal Social Charge, Income Tax, Corporation Tax, and Capital Gains Tax.
• Excise duties on items like tobacco and sugar-sweetened drinks, and vehicle registration tax.
• Value-Added Tax (VAT) rates and rules for immovable goods.
• Stamp Duties and Capital Acquisitions Tax.

Cé go Bhfuil Baint Ag an Dlí Leis

• Individuals subject to Universal Social Charge, Income Tax, and Capital Gains Tax.
• Companies liable for Corporation Tax.
• Consumers and businesses affected by excise duties, VAT, and stamp duties.
• Individuals involved in capital acquisitions.

Príomhphointí

• The Universal Social Charge rates and thresholds are updated for 2019, with the first €12,012 taxed at 0.5%.
• Income Tax rates and bands are adjusted for 2019, with the standard rate applying to the first €35,300 (single person).
• The earned income tax credit is increased to €1,350 for 2019.
• The home carer tax credit is increased to €1,500 for 2019.