Irish budget, 2015

Updated on Oct 10, 2024

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Presented 14 October 2014		Parliament 31st Dáil
Submitted by Brendan Howlin and Michael Noonan Party Fine Gael and Labour Party Website budget.gov.ie/Budgets/2015/FinancialStatement.aspx

The 2015 Irish budget was the Irish Government budget for the 2015 fiscal year, which was presented to Dáil Éireann on 14 October 2014.

The Minister for Finance Michael Noonan outlined the taxation measures with Brendan Howlin detailing the spending. The government reversed some of the austerity measures that were introduced over the past six years with extra spending and tax cuts worth just over €1bn.

Summary

Child Benefit increase to rise €5 per child

New 8% USC rate for those earning over €70,000

Entry point for USC raised to above €12,000

Water Charges Relief worth up to €100

Income tax relief on water charges up to max of €500

41% Income Tax rate reduced to 40%

Price of 20 cigarettes to rise by 40c from 15 October 2014

9% VAT rate to stay

'Double Irish' tax arrangement to be abolished by 2020

References

Irish budget, 2015 Wikipedia

(Text) CC BY-SA