TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Budget 2022

The Minister for Finance Paschal Donohoe T.D. and the Minister for Public Expenditure and Reform Michael McGrath T.D. delivered Budget 2022 on Tuesday, 12 October against the backdrop of increases in the cost of living, international corporate tax reform and the need to reduce overall reliance on borrowings.

The key changes announced in Budget 2022 were:

  • Increases to personal tax credits, bands and relief for remote working;
  • Extension of the EWSS and enhancement of EIIS;
  • A new 3 percent zoned land tax;
  • A new digital gaming sector tax credit; and
  • Expansion of the tax debt warehousing scheme to allow individuals who have a “material interest” in their employer company to participate in the scheme.

The views of the Institute are represented in a press release, which notes that Budget 2022 will help position SMEs for growth but lacks incentives to make recovery a carbon-reducing one.

A Budget 2022 Tax News special issued to Tax News subscribers on the day. Revenue has also published its Budget 2022 summary, detailing the key measures in the budget statement.