11 Oct 2018
Minister for Finance, Public Expenditure and Reform Paschal Donohoe T.D delivered Budget 2019 on Tuesday 9th October 2018.
As was widely reported in the media in the run up to the Budget, the VAT rate applicable to the tourism and hospitality sectors will revert to 13.5% from the 1st January 2019.
Minister Donohoe also announced changes to the USC and increased the entry point for the marginal income tax rate.
The Minister also confirmed Ireland’s commitment to the 12.5% corporation tax rate alongside an extension of the 3 year start up exemption until 2021.
Please find attached a summary of the main changes that have been announced and are due to take effect from 1st January 2019, unless otherwise stated.
Should you have queries in relation to any of the above, please contact our tax director, Niall Grant (firstname.lastname@example.org)