Budget 2020

A heavy smoker from the midlands who drives long distances in their diesel-powered car and burns through a lot of fossil fuel to keep themselves warm in winter will bear the brunt of Budget 2020.

The increase in Carbon Tax will add €1.02 to the cost of 60 litres of petrol and €1.18 to the same volume of diesel, while a 900-litre home heating delivery will cost an additional €15. 

 A 12.5 kg bag of peat will cost 16 cent more and about 72 cent has been added to the price of a 40kg bag of coal.

Other measures which will benefit some people include an increase of €100 in the home carer tax credit to €1,600 while the self-employed tax credit goes up by €150 to €1,500. For most other people, the impact of a budget which has been “developed in the shadow of Brexit” will go almost unnoticed.

As had been widely flagged, there were no changes to the wider personal tax regime while social welfare payments were largely untouched.

Business Enterprise & Innovation measures

Click here to Download Budget 2020 Summary PDF

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