Sugar tax expected in Budget 2018

Share

A sugar tax from April 2018 will see an extra 30 cent (26p) per litre of tax on drinks with over 8g of sugar per 100ml.

Taoiseach Leo Varadkar said there would be "no fireworks" and no "big bonanza" as Budget 2018 was unveiled today.

€1.83 billion has been made available for housing, with 3,800 new social houses expected to be built by local authorities and approved housing bodies.

There will be no increases in the duty on alcohol, petrol and diesel, although a carbon tax will be discussed next year.

The Minister wants an increase in the Value-Added Tax rate for sunbeds, as a health protection measure.

Microsoft Corporation (NASDAQ:MSFT) Touching New 52-week High
Ascend Cap Limited Liability Corp holds 1.33% of its portfolio in Microsoft Corporation (NASDAQ: MSFT ) for 415,994 shares. Zooming in closer, company stock has been 9.00% for the quarter, 3.12% over the past month, and 2.25% over the past week.

The allocation includes an additional 1,800 staff aimed at a range of frontline services across the acute, mental health, disability, primary and community care sectors.

-USC rate reduced to 2 percent for those earning between €13,000 and €19,372, and reduced to 4.75 percent for those earning over €19,372.

He has also declared war on vacant site owners, with the levy on this doubling from 3% to 7% by 2020.

1,300 additional teaching post in schools for 2018 - reducing the student teacher ratio to 26:1.

There will be 800 extra gardai and 500 extra civilians for the force.

Kobe plunges on metals products scandal
The company said the fabrications, which might have started a decade ago, could affect products sent to as many as 200 companies. Toyota said it had found Kobe Steel materials, for which the supplier falsified data, in bonnets, doors and peripheral areas.

€5 per week increase in all weekly social welfare payments, including disability allowance, carer's allowance, Jobseekers' Allowance and State pension - effective from March 2018.

A Christmas Bonus payment of 85% will again be paid to all social welfare recipients in 2017.

On income taxes, this is where the payback begins for average working families.

Meanwhile the cutoff point for higher tax band is being raised by €750 to €34,550 for single workers.

For the self-employed, the earned income credit will increase by €200 (£178), bringing it to €1,150 (£1,128) per year from next year.

Royals give biggest grant ever to digital mental health scheme
The new mental health training for personnel in all branches of the military and civilian MoD workers will start in mid-2018. He said: "Quite simply, these men and women are prized assets which need to be continually invested in".

Mr Donohoe said: "This Budget achieves sustainable and affordable tax reform, delivers improvements in services, and ensures increased investment in our national infrastructure".

Share