Budget 2021 was framed in the midst of immense economic challenges presented by COVID-19 and Brexit. Irish businesses face extraordinary headwinds, and the Budget both reaffirms existing measures and introduces new measures to assist businesses through these extraordinary times. Minister Donohoe recognised that SMEs are the backbone of the Irish economy and it is hoped that future policy initiatives of this Government will focus on and positively address the taxation costs faced by SMEs. In perhaps a sign that our working lives may permanently change, the Budget provides welcome clarity on the taxation of payments to and costs incurred by remote workers.
Should you have any taxation or business questions, our experienced team would be happy to share their insights with you.