Budget 2013 Predictions

Minister for Finance, Michael Noonan will deliver his second budget on Wednesday the 5th of December 2012. Budget 2013 will take place over a single day this year instead of the two days it covered last year. 

The economic backdrop

The aim of this years budget is to get back at least €3.5 billion in a combination of cuts to spending and in increased taxation. Specifically, the government has talked about a ratio of €1.25 billion in increased to taxes and charges and a further €2.25 billion in spending cuts. 

Budget 2013 Predictions

We can also probably expect increases to the following :-

Carbon tax  –  which will affect gas, petrol diesel .

Excise duty  -  on alcohol and tobacco .

VRT  –  which will increase the cost of new cars.

Motor tax  –  further restrucuring is expected (that means increases!)


We will publish our summary of how Budget 2013 affects your small business on our website here.

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Last updated: 1st November 2012