Finance Bill 2020

What this bill doesAI · claude-haiku-4-5-20251001

• Increases Universal Social Charge thresholds and extends reduced USC rate for medical card holders through 2021 tax year.
• Creates Covid Restrictions Support Scheme: businesses forced to close/significantly reduce operations claim 10% of average weekly 2019 turnover (max €5,000/week) as advance trading expense credit, October 2020 to March 2021.
• Raises tobacco tax by 50 cents per 20-cigarette pack; implements ten-year carbon tax escalation on auto fuels, gas, and solid fuel, reaching €100 per tonne CO2 by May 2030.

Stage timelineWhat do these stages mean?

1. First Stage33rd Dáil

   20 Oct 2020
2. Second Stage33rd Dáil

   4 Nov 2020
3. Committee Stage33rd Dáil

   11 Nov 2020
4. Report Stage33rd Dáil

   2 Dec 2020
5. Fifth Stage33rd Dáil

   3 Dec 2020
6. Second Stage26th Seanad

   3 Dec 2020
7. Committee Stage26th Seanad

   9 Dec 2020
8. Report Stage26th Seanad

   11 Dec 2020
9. Fifth Stage26th Seanad

   16 Dec 2020
10. Enacted

    19 Dec 2020

Debates

• Report and Final Stages16 Dec 2020↗
• Committee Stage11 Dec 2020↗
• Second Stage (Resumed)9 Dec 2020↗
• Second Stage8 Dec 2020↗
• Report Stage (Resumed) and Final Stage3 Dec 2020↗
• Order for Report Stage2 Dec 2020↗
• Financial Resolution11 Nov 2020↗
• Second Stage (Resumed)5 Nov 2020↗
• Order for Second Stage4 Nov 2020↗

Related bills

• Insurance (Disregard of Certain Medical History and Miscellaneous Provisions) Bill 2025Fifth Stage
• Arbitration (Amendment) Bill 2025Fifth Stage
• Microenterprise Loan Fund (Amendment) Bill 2024Cream List
• Protection of Employees (Employers' Insolvency) (Amendment) Bill 2025Enacted
• Mineral Oil Tax (Emergency Cost of Living Reduction) Bill 2026Second Stage
• Housing Loans Regulations (Fresh Start - Buyout) (Amendment) Bill 2026Second Stage