What you need to know

Irish Examiner - Supplement - - BUDGET 2018 -

Spend­ing on health to in­crease by €685m, bring­ing the to­tal bud­get for the Depart­ment of Health to €15.3bn

An ad­di­tional 1,800 staff across the health sec­tor

A re­duc­tion in pre­scrip­tion charges for all med­i­cal card hold­ers un­der 70, from €2.50 to €2 per item. The monthly cap drops from €25 to €20

Old reliables

Ex­cise duty on a packet of 20 cig­a­rettes will rise by 50c

Du­ties on al­co­hol un­changed

No changes in price of diesel or petrol

Sugar tax

A sugar tax from April 2018 will see an ex­tra 30c per litre of tax on drinks with over 8g of sugar per 100ml. There will be a re­duced rate of 20c per litre on drinks with be­tween 5g and 8g of sugar per 100ml

Hous­ing

In a bid to ad­dress the home­less­ness cri­sis, €1.8bn will be al­lo­cated for hous­ing

Next year, 3,800 new so­cial homes will be built and there will also be an in­crease of €149m to the Hous­ing As­sis­tance Scheme

An ex­tra € 500m for di­rect build­ing pro­gramme will see 3,000 ad­di­tional new build so­cial houses by 2021

Stamp duty on non- res­i­den­tial prop­erty is be­ing in­creased to 6% from mid­night on Tues­day

A new agency, Home Build­ing Fi­nance Ire­land, to use Nama’s ex­pe­ri­ence and pro­vide cheap loans to de­vel­op­ers was an­nounced

The va­cant site levy, due to take ef­fect from 2019, will in­crease from 3% to 7% in 2020

So­cial pro­tec­tion

All weekly so­cial wel­fare pay­ments to be in­creased by €5, start­ing from the last week of March

An 85% Christ­mas bonus will be paid this year

Thresh­old for the fam­ily in­come sup­ple­ment will rise by €10 per week for fam­i­lies with three chil­dren. There is a €2 per week rise in the rate of the qual­i­fied child pay­ment

The thresh­old at which peo­ple en­ter the higher 40% rate of in­come tax will rise from its cur­rent level of €33,800 for a sin­gle per­son to €34,550

Other

Ex­tra 800 gar­daí and 500 civil­ians to be re­cruited next year

Vat rate on sunbeds in­creases from 13.5% to 23% due to link to cancer

Brexit loan scheme of up to €300m is be­ing made avail­able to SMEs

Vat rate for tourism and ser­vices sec­tor un­changed at 9%

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