Financial Resolutions
A number of financial resolutions were placed before Dail Eireann following the Budget 2007.
The following is a summary of the resolutions:
- Financial Resolution No. 1: Increase in specified interest rate for preferential loans from an employer
- Financial Resolution No. 2: Rates of Mineral Oil Tax
- Financial Resolution No. 3: Increase in excise duty of 50 cent on packets of 20 cigarettes
- Financial Resolution No. 4: Increase in VAT registration thresholds
- Financial Resolution No. 5: Increase in farmers’ flat rate addition
- Financial Resolution No. 6: General
The financial resolutions are reproduced at Section 2.01.
Separately, Revenue have highlighted the removal of Stamp Duty on certain mortgages, with effect from Budget night. Per eBrief 49/2006 (which is reproduced at Section 2.02), Revenue will, on an administrative basis until the enactment of the Finance Act 2007, give immediate effect to the Minister's announcement. Therefore, mortgage deeds executed on or after 7 December 2006 not need to be presented to Revenue for stamping.