Family businesses seek tax band and credit increases in budget

Vat and CGT cuts also sought in PWC pre-budget submission

The submission also calls for a reduction of the capital gains tax on non-property investments to 20%.

Family and privately owned businesses in Ireland want increases in tax bands and credits in this year's budget that are in line with current inflation.

Reducing employer PRSI, cutting the standard rate of Vat to 21%, and extending the 9% Vat rate for hospitality to the end of 2025 are among the other measures proposed in the submission prepared by PWC in conjunction with the Family Business Network.