This document has been prepared by the Parliamentary Budget Office (PBO) for use by the Members of the Houses of the Oireachtas to aid them in their parliamentary duties. It is not intended to be either comprehensive or definitive.
The Finance Bill 2023 gives effect to tax measures announced in Budget 2024. The Bill also introduces a number of additional administrative and technical changes to the tax code. This paper provides a description of those measures contained in the Finance Bill 2023 which are likely to have budgetary implications. To aide Members in their scrutiny of the Bill, it further includes information on the cost or yield, policy background, policy changes, and wider policy implications of these measures.
In the sections that follow, measures are either described as a ‘Budget Measure’ or not. Measures that are not described as being a ‘Budget Measure’ are those that were not announced in Budget 2024, and are either being introduced with Finance Bill 2023, or were possibly announced earlier this year (e.g., through previous announcements, public consultations, etc). Yet it is important to note most of the measures in this document were announced as part of Budget 2024, with a small number of exceptions.
As this paper is intended to assist Members in their scrutiny of the measures contained in the Finance Bill 2023, it is structured in line with the format of the Finance Bill itself. This means the section headings included for each tax measure correspond to the section headings provided in the Finance Bill.
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