Budget 2014

The Government designed the budget with a focus on growing the economy, creating jobs and preparing the way to exit the bail-out programme.  To keep Ireland on the path to sustainable public finances and economic growth the government is targeting a general government deficit of 4.8% for 2014 and will achieve this by an adjustment of €3.1 billion, €2.5 billion of which will consist of expenditure cuts and tax increases. 

The tax measures that support job creation:

Capital Gains Tax (CGT)

Income Tax

Corporation Tax

Deposit Interest Retention Tax (DIRT)

Stamp Duty

VAT

 

Excise Duties

By the time the measures become law on the first of January next year, the government is confident that Ireland will have left the EU/IMF programme and will have been handed back her purse.   The recovery is well underway and there are many opportunities that must be embraced.

Imelda Prendergast is Director in OSK and head of OSK Small Business Support and OSK Contracting.

 

 

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