The government has announced reliefs for Clare bus operators and incentives for Shannon Airport as part of the Finance Bill, which is being published this afternoon.
The legislation, which enacts measures announced in December’s budget, extents fuel rebate scheme- introduced for hauliers- now extended to coach operators – something that will be warmly welcomed by under pressure tour bus companies in Clare.
Meanwhile, the development of Aviation Services at Shannon Airport have been given a financial boost, by the extension of a tax relief scheme to aviation companies.
The Finance Bill will generate extra revenue for the State by increasing motor tax and VRT, as well as Excise duty and bringing in a local property tax.
The Government is also introducing new tax incentives aimed at re-generating Limerick and Waterford City Centres.
It includes tax breaks for small businesses and for film and TV producers.
The government has also unveiled legislation on the new property tax.
Purchasers of houses will face a fine of up to five hundred euro if they fail to disclose if the previous owner undervalued it for the property tax.
The coalition is also planning to charge the tax on local authority housing and has offered only a limited number of exemptions.
