Budget 2025 – ‘The great give away’ – Read the key measures announced in yesterdays Budget 2025 speech.
Some of the main headlines are :-
- Standard Rate Income tax band increased by €2,000
- USC 4% rate will be reduced to 3%
- Single person tax credit increase to €2,000
- Renters tax credit increased to €2,000
- Mortgage interest relief is to be extended
- BIK on employer provided electric vehicles to be extended and home charging exempt
- Reduced 9% VAT rate for gas & electricity extended to 30 April 2025
- Capital Acquisition Tax thresholds increased
- Amendments to Stamp Duty
- VAT registration thresholds increased
- Excise duty increase
We await the Finance Bill to enact many of the announced changes so they may be subject to change.
DOWNLOAD our full summary below
