Framed by “New Politics”, Brexit concerns and demands for more support for the SME and start-up sector, Michael Noonan and Pascal Donohoe have delivered Budget 2017.
The general consensus is that the Budget is positive for most sectors but has taken few risks.
The SME sector has expressed disappointment that greater support has not been given to the 1 million people employed by SMEs in Ireland. However, the startup community will appreciate the revised Capital Gains Tax Entrepreneur Relief reducing the effective CGT rate to 10% from January 2017.
Visiting artists earning income from performances in Ireland have a tax liability under Irish tax law which requires them to file a self-assessment return. However, because they are not tax resident in this country, there are practical difficulties in enforcing that liability. In other words they do not file returns and there is no pressure from the Revenue Commissioners to file these returns and pay this tax.
The Minister for Finance Michael Noonan has presented the 7th Austerity Budget. This however is the 1st Budget in recent times to be noticeably pro-business and pro-job creation.
The question is however whether the 26 measures aimed at the business sector will be enough to enable Ireland grow out of the recession.
Noone Casey is offering you a free financial review to assess the key financial issues you are facing as a result of Budget 2014.
Contact Anthony Casey to arrange a review of your post- Budget 2014 financial affairs.
Our Budget 2014 Newsletter is now available to download in PDF format (660kb).
Click below to watch our Budget 2014 Highlights video.