Budget 2014 was delivered yesterday. As you are most likely aware there are no significant changes to the operation of PAYE, PRSI or to USC. However, there are significant changes in other areas you need to be familiar with.
Cars – Mileage table converted to KM
• Top Slicing Relief has been abolished
• Start Your Own Business (SYBO), for individuals who have been unemployed for 15 months, income up to €40,000 is deemed to be tax exempt for two years.
Full details are available from the Budget 2014 (Dept Finance)
Summary of the tax details available from Revenue Budget 2014
Summary of the welfare details available from Welfare Budget 2014
Joe Robbins is co-founder of CareerWise Recruitment. A graduate of the University of Limerick (Degree in Business Studies, 1985), Joe worked in the UK for five years where he specialised in materials management, production management and plant management for a number of companies.
He returned to Ireland in 1992 to become Operations Manager for a Cork-based start-up, FMC Automotive Division which was subsequently taken over by Snap-on Equipment. Joe managed the business re-location of this company to Shannon in 1997 before setting up CareerWise Recruitment in 1999.
He is a committee member of the Chartered Institute of Personnel and Development (CIPD) Mid-West region, and a former Director and Vice President of the Shannon Chamber of Commerce. Joe is former Chairperson of the Sixmilebridge Camogie Club and current Chairperson of the Clare County Camogie Board.
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