The Irish Finance Bill 2012 was unveiled yesterday. The Finance Bill makes the tax measures announced in December’s Budget legal. The Bill will go through the Oireachtas in the next few weeks. While most of what we expected came up, there were a few surprises. Our tax gurus were burning the midnight oil going through this whopping 279 page report. Thankfully because we’ve gone through it with a fine tooth comb you don’t need to!
The Bill includes tax incentives for foreign skilled workers and mortgage interest relief for many purchasing homes. In line with December’s Budget announcement, the threshold for the Universal Social Charge (USC) is being increased from €4,004 to €10,036 so this means that around 330,000 more people are expected to be exempt from USC in 2012.
You can read the main points in our Finance Bill Analysis.
You can apply for a tax refund with our company.