The following headline items arise in Budget 2109. Download our Budget 2019 newsletter in PDF format for full analysis.
• Corporation Tax Rate remains at 12.5%
• A new Anti-Avoidance Directive (ATAD) compliant Exit Tax regime is to come into effect from midnight tonight.
• The 9% VAT Rate will be increased to 13.5% for the Hospitality sector from 01 January 2019
• There will be an increase in the Minimum Wage to €9.80 from 01 January 2019
• The Minister announced changes to both the rates and bands for Universal Social Charge
• Increase in the Standard Rate Income Tax bands of €750
• The Earned Income Tax Credit will increase to €1,350
• The Training Levy Fund will increase by 0.1% which will increase the employers PRSI rate
• An increase in the Group A Exempt Threshold for Capital Acquisition Tax of €10,000 was also announced
The next article in our series in helping Professional Contractors is all about the CV. (Read our other article here).
Many of our clients who are professional contractors talk to us about all aspects of their business. One gap that we noticed is that many are unsure of what to do once their CV is completed. Some have been in contracts for a long period of time and notice there is a change in how to approach new contracting roles.
With the “perfect” CV at hand, you can sell your capabilities and achievements and begin to seek new opportunities in the jobs market. The application process is becoming increasingly competitive and simply sending in your CV, and sitting back, waiting for magic to happen, is not good enough.
We have come up with three tips that can make the difference in landing you the perfect role.
Did You Know: Medical Expense Claim
Are you a sufferer of coeliac disease? If so, it is possible to include the costs of dietary requirements in your medical expenses claim once you retain the receipts. It is important to note that you must have proof in the form of a doctor’s letter. Once obtained it could get you a tax relief of 20% on specialised foods.