StartUp Accountant

Expected that 19,000 new jobs will be created next year. #Budget2020

A package of over €1.2 billion to be provided to respond to #Brexit. #Budget2020

€365 million to be provided for extra Social Protection expenditure. #Budget2020

This will add about 2c per litre to both petrol and diesel.

Carbon tax to increase by €6 a tonne, to apply from midnight tonight. #Budget2020

Extension to the BIK zero rate on electric cars to 2022. #Budget2020

Increase in the Research and Development credit from 25% to 30% for micro and small companies. #Budget2020

EIIS – Rather than investors receiving the tax relief in year one and year four, it is proposed that the relief will all be applied in year one. #EIIS #taxrelief #Budget2020

KEEP tax-efficient share scheme – This share scheme will be extended to take into account company group situations. It will allow more flexibility for employees in transferring between companies within the group and still satisfy the KEEP conditions. #Budget2020

Additional €2m of funding to the RTB to investigate non-compliance with Rent Pressure Zone measures. #Budget2020

Prescription charges for all people will be reduced by 50 cent. Medical card income thresholds for people over 70 increased by €50 for a single person or €150 for a couple per week. #Budget2020

Increase by 1.5% in Stamp duty applicable to non-residential property from midnight tonight. #Budget2020

Dividend Withholding Tax will be increased from 20% to 25% to close the non-compliance gap. #Budget2020

The Home Carers tax credit and the Earned Income tax credit are being increased by €100 and €150 respectively. #TaxCredits #Budget2020

Capital Acquisitions Tax – The Group A tax-free threshold is being increased from €320,000 to €335,000. This mainly applies on gifts or inheritances from parents to children. #Budget2020