2018 Budget predictions - PwC...Title 2018 Budget predictions Author PwC Ireland Subject What are...

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2018 Budget predictions Objectives Deliver a balanced budget Publish a 10 year plan to build infrastructure Reduce tax on low and middle-income earners Help businesses and families plan for the future Business Reduce VAT rate or introduce VAT deferral system for Brexit-impacted businesses Increase attractiveness of Entrepreneur Relief Introduce incentives to attract SMEs and scaling companies from abroad Infrastructure Restore 100% relief for interest on loans to acquire or develop rental property Broaden the ‘Help to Buy’ scheme beyond first time buyers Allow tax deduction for Local Property Tax on residential rental properties Consultation on future merger of USC & PRSI Raise the 20% tax band by €1,000 to €34,800 Increase the earned income credit and parent/child inheritance threshold Minister Donohoe's 2018 Budget objectives Individuals With these in mind, some of the measures the Minister could announce on October 10 include:

Transcript of 2018 Budget predictions - PwC...Title 2018 Budget predictions Author PwC Ireland Subject What are...

Page 1: 2018 Budget predictions - PwC...Title 2018 Budget predictions Author PwC Ireland Subject What are the key objectives of the 2018 Budget, and what measures could be introduced to achieve

2018 Budget predictions

Objectives

Deliver a balanced budget

Publish a 10 year plan to build

infrastructure

Reduce tax on low and middle-income

earners

Help businesses and families plan

for the future

Business

Reduce VAT rate or introduce VAT deferral system for Brexit-impacted businesses Increase

attractivenessof Entrepreneur Relief

Introduce incentives to attract SMEs and scaling companies from abroad

Infrastructure

Restore

100% relief for interest on loans to acquire or develop rental property

Broaden the ‘Help to Buy’ scheme beyond first time buyers

Allow

tax deduction for Local Property Tax on residential rental properties

Consultation on future merger of USC & PRSI

Raise the 20% tax band by €1,000 to €34,800

Increase the earned income credit and parent/child inheritance threshold

Minister Donohoe's

2018 Budget objectives

Individuals

With these in mind, some of the measures the Minister could announce on October 10 include: