Chartered Accountants Tax News Budget 2010 Special - 9th December 2009

Wed, Dec 9, 2009


The Minister confirmed that the 12.5% rate of Corporation Tax is "here to stay", and that there might possibly be more improvements to the R&D Credit regime at Finance Bill time.

He suggested that the three year corporate and capital tax exemption for start up companies in 2009 would be extended - he now proposes to extend this scheme to new start-ups in 2010. Strictly speaking, while the 2009 scheme is on the statute book, it is still subject to a commencement order.

Also, the Minister would appear to have identified specific incentives for the international financial services sector - "opportunities also exist for Ireland to become the European hub for the international funds industry following recent European legislative changes" and these changes are also to be made at Finance Bill time.

Recommended Reading

Featured book

A Practical Guide to Insolvency by Kavanagh Fennell now available on the iBookstore This easy-to-use guide to the complexities of insolvency in Ireland for business managers, accountants, and other professionals, previously published in paperback, is available for your iPad in the iBookstore and for your Kobo eReader from KoboBooks.

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