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Registered
to carry on audit work and authorised to carry on investment
business by the Institute of Chartered Accountants in Ireland
(ICAI). Chartered Accountants Ireland is the operating name of
ICAI.
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BUDGET
2003
The
headlines...........
Personal Tax
 | Income
Tax Rates unchanged |
| Small increase in Employee tax
credit (formerly PAYE allowance) |
| PRSI ceiling increased |
| PRSI introduced on "Benefits
in Kind" - e.g. company cars, club subscriptions, Christmas
Gifts etc
| Annual mortgage relief for first
time buyers increased |
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Indirect Taxes
| 12.5% Vat rate goes to
13.5% |
| Excise
Duty increases for
alcopops, cigarettes, spirits, and Diesel |
| Big increases in Stamp duty on
credit cards, Laser and ATM cards |
Companies
| Standard rate of corporation tax
reduced from 16% to 12.5% |
Property
Taxes
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2004
deadline confirmed for Rural & Urban Renewal Schemes
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Holiday
Home tax incentives scrapped |
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Hotel
tax incentives curbed |
| Changes
in Stamp Duty for non-residential property |
Capital
Gains Tax
| Earlier CGT Payment
Dates unveiled
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| Roll-over Relief is
abolished.
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| Indexation for CGT to be
restricted
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| Tax Loopholes Closed |
Other
| No change in SSIA scheme |
| New levy on Banks |
Click
this link for BUDGET 2002
Information
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