Sunday October 25, 2020

Tax bills to rise by 10%-plus in 2013: analysis

“It is difficult to envisage a Budget next month that is not painful for everybody": Grant Thornton on the rising tax bill facing households.

13th November, 2012

Tax bills are set to rise by more than ten per cent in 2013, even without any increase in income tax, an analysis by Grant Thornton has estimated.

PAYE households may have to pay over €3,000 in additional taxes next year through a combination of increased PRSI and Universal Social Charge contributions, reduced pension relief and a property tax, Grant Thornton said.

Grant Thornton Tax Partner Peter Vale said: "There will be a lot of talk...

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