The Consultative Committee of Accountancy Bodies – Ireland has published its pre-budget submission 2025.
The submission entitled ‘Supporting and Sustaining our SME sector’ highlights the constraints experienced by SMEs as a result of increasing labour costs and also states that a lack of supply of housing and childcare places, in addition to high personal tax rates, are making it increasingly difficult for people to live and work affordably in Ireland.
The submission identifies four key 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% 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.
For details please click
here.