Finance Bills and Acts
We produce dedicated websites for each Finance Bill and Finance Act, analysing the implications for individuals, business and financial services. See our latest websites below, and please do not hesitate to contact a member of the Tax team with any queries.
The Finance Bill 2012 was published on Wednesday, 8 February 2012.
The second Finance Bill for 2011 was published on 19 May, 2011, and contained the detailed provisions of the levy on Pension Funds. The Finance Bill also provided for the changes to the R&D tax credits, the lower rate of VAT and the possible removal of the Air Travel tax announced in the Jobs Initiative.
Finance Act 2011
The Finance Act gives effect to the Budget provisions announced in the Budget on 7 December, 2010. Unusually, at the time of the Budget many of the amendments were included in the Financial Resolutions and accordingly, the Finance Act merely repeats these provisions with some small technical amendments.
The Finance Bill was published on 4 February 2010 to give effect to the changes announced by the Minister for Finance in his Budget statement on 9 December 2009. These measures include the introduction of a Carbon Tax, a car scrappage scheme, an extension to mortgage interest relief and measures designed to ensure that wealthy non-resident Irish domiciled individuals make a contribution to the State. The main focus in the Budget was the reduction in expenditure and time will tell if the Government succeeds in its targets.