BUDGET 2016: What it means for business

Businesses gave the Budget announced by Government a cautious welcome with some measures flagged in advance coming to fruition and the first steps taken in putting entrepreneurs on the same tax footing as PAYE workers.

Among the most important measures announced were:

- The introduction of a earned income tax credit to the value of €550 which will benefit small business owners, including small retailers; publicans; farmers and tradesmen.