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Any tax relief in the forthcoming budget should exceed the amount people will pay in water charges, according to Labour TD for Galway West Derek Nolan.

Seven people in Galway made settlements with the Revenue Commissioners in the first quarter of the year, amounting to more than €646,000, according to the latest list of defaulters published this week.

Against the background of tough budgets in recent years, Ministers Noonan and Howlin framed their speeches in the context of preparing the country to exit the EU/IMF recovery programme and the creation of jobs in a range of sectors. Set out below is an outline of the main measures announced. More detail will be included in the Finance Bill which is to be published next month.

Ministers Noonan and Howlin were tasked with reducing the deficit in the country’s finances by €3.5bn in the Budget for 2013.  In their highly anticipated Budget speeches, they emphasised their aim to achieve this in a balanced and fair manner.  This has meant that they have cast the net widely and announced the following measures: 

In the first half of 2012 alone there were 639 income tax defaulters named on the Revenue’s tax defaulters list. Taxback.com say that this should strike a chord with self-assessed taxpayers in Westmeath at a time of year when thousands of self-employed, non-PAYE employees and a growing number of PAYE employees are dreading filing their tax return with just 2 weeks until the October 31 tax return deadline. Taxback.com say that in keeping with other years they expect that a large number of those who are due to file a tax return simply will not do so and a further group will file but will fail to meet the deadline. The latest Global Entrepreneurship Monitor (GEM) Report 2011 shows that 2,200 people started a new business in Ireland every month in 2011 which means that the number of those required to file a tax return is also growing.

After the political holiday season – where events such as the London Olympics provided a welcome diversion from all things political and economic – the onset of autumn and the return of the Dáil has brought us all crashing back to reality.

Businesses across Mayo are urged to check whether they are entitled to any of the Government schemes available to help start-up, expand, or create new jobs.

Six Galway individuals made tax settlements in the first quarter of this year, the latest list of tax defaulters published by the Revenue Commissioners reveal.

The Minister for Finance Michael Noonan this week published the Finance Bill 2012 which gives effect to taxation measures announced in last December’s Budget.

This time last year Ireland was convulsed – and horrified – by some of the most chaotic political scenes in living memory as the Cowen government disintegrated.