On Tuesday 10 October 2017 Minister for Finance, Mr. Paschal Donohoe, delivered Budget 2018 which set out the first set of budgetary measures from the Government under the leadership of Taoiseach Leo Varadkar.
Budget 2018 provides for some €1.2 billion in new spending and tax cuts, split approximately two to one in favour of spending.
Delivering his budget speech against the backdrop of a recovering economy, Mr. Donohoe stressed the importance of balancing the books in 2018 so that additional resources can be devoted to tackling the potential risks arising from Brexit, changes in US trade policy and various geo-political threats which could have an impact on the Irish economy.
Budget 2018 introduces a raft of measures to address the current housing crisis, along with a range of taxation changes and incentives which are of consequence to both individuals and business owners.
WENTWORTH Budget 2018 Summary highlights the matters we feel are relevant to our private and corporate clients and contacts.
We would be delighted to discuss any queries you may have in relation to the impact Budget 2018 will have on you and your finances, just give us a call to arrange a meeting with a member of our tax team.
Please click on the link below for our expert analysis.