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