10 October 2017, The Minister for Finance Paschal Donohue introduced the budget and spending measures proposed for 2018.
The Budget 2018 did not bring any surprises from an Income Tax point of view. We predicted an increase to the 20% rate band and changes to certain tax credits. This prediction was realised.
We believed there may be a combined PRSI and USC rate but this has only been put in to the planning stages with a reduced USC rate and increased threshold in the meantime.
There were surprises with regard to a significant increase in commercial property stamp duty and the charitable VAT refund scheme. Other than that the Budget was relatively uneventful and brought in very few tax changes.