Budget 2018 Highlights

Budget 2018 was announced today Tuesday, October 10 by the new Finance Minister Paschal Donohoe.

Budget 2018 – The Highlights

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.

Watch our highlights video with our Tax Manager, Jane Jackson

Download our Top Ten Highlights Document

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