The Institute, under the auspices of the CCAB-I, publishes this year’s Pre-Budget Submission

The Institute, under the auspices of the CCAB-I, has published its Pre-Budget 2025 Submission – Supporting and Sustaining our SME Sector. In this year’s submission, we focus on the constraints experienced by SMEs due to rising labour costs. We also highlight the deficits in housing supply and childcare places which, in addition to high personal tax rates, are making it increasingly difficult for people to live and work affordably in Ireland.

We have identified the following four areas for budgetary focus:

• Support SMEs by exempting minimum wage workers from employers’ PRSI and simplifying tax legislation
• Increase the number of childcare places available and offer working parents a €1,000 tax credit to return to the workforce
• Introduce a 30 percent intermediate rate of income tax to retain and attract workers and help people live affordably
• Continue to stimulate and support the completion of new houses.

The Irish Times also exclusively covered the launch of this year’s submission and you can read their story in full here.