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Budget 2018: A Synopis Of The Key Points

Published on Oct 10 2017 2:28 PM in Retail tagged: Featured Post / Budget 2018

Budget 2018: A Synopis Of The Key Points

Following todays much-anticipated Budget 2018 speech from Finance Minister Paschal Donohue, Checkout has compiled a synopis of some of the key points.

Another €25 million has been allocated for a Brexit response loan scheme for the agrifood sector.

The Department for Agriculture gets €50m for Brexit response measures in 2018.

€23 million has been set aside for the department of Foreign Affairs and Trade, which is €13 million more than last year.

Excise duty on cigarettes has increased. The price of a pack has gone up by 50 cent.

Sugar Tax which will be introduced in April 2018 will mean a 30 cent per litre of tax will be placed on drinks with over 8g of sugar per 100ml.

Commercial property will see an increase from 2% to 6% on the level of stamp duty from midnight.

At least €1.5 billion has been set aside for a 'Rainy day fund' which will be established in the coming year.

Additional investment in An Garda Siochana has been allocated.

© 2017 - Checkout Magazine by Donna Ahern

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