2015 Irish budget explained

Irish budget
Year:	2015
Country:	Ireland
Previous Budget:	2014 Irish budget
Previous Year:	2014
Next Budget:	2016 Irish budget
Next Year:	2016
Minister:	Michael Noonan (FG)
Finance Minister Title:	Minister for Finance
Otherminister:	Brendan Howlin (Lab)
Other Minister Title:	Minister for Public Expenditure and Reform
Presented:	14 October 2014
Parliament:	31st Dáil
Government:	29th Government of Ireland

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.^[1] 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.^{[2] [3] [4] [5]}

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

External links

• Budget 2015 Document
• Irish budget, 2015 at Tax Institute
• Irish budget, 2015 at Irish Independent
• Irish budget, 2015 at Irish Times

Notes and References

1. Web site: The main things you really need to know from Budget 2015. 14 October 2014 . Journal. 15 October 2014.
2. Web site: Budget 2015: Give and take. 15 October 2014 . Irish Independent. 15 October 2014.
3. Web site: Budget 2015: as it happened . 14 October 2014 . RTÉ News. 15 October 2014.
4. Web site: Noonan denies budget framed for election. 14 October 2014 . Irish Examiner. 15 October 2014.
5. Web site: Budget 2015. 14 October 2014 . Irish Times. 15 October 2014.