Budget 2022 Highlights

We are pleased to bring you our summary of the tax measures set out in Budget 2022.

Unlike previous budgets during the Celtic Tiger era where large tax reductions and incentives were the norm, the Government has focused on expenditure measures which hopefully will broaden the growth for businesses and other sectors post COVID-19.

With the Government’s agreed 2:1 ratio between expenditure and tax reductions, personal tax changes were limited to personal tax increases and an enhancement of working from home incentives.

The confirmation that the employment wages subsidy scheme will be extended to the end of April 2022 and the new business incentives will be welcomed by SMEs.

Should you have any taxation or business questions, our experienced team will be happy to share their insights with you.