Some farm tax reliefs may be changed in October

Get your affairs in order in case of Budget surprises 

Finance Minister Paschal Donohoe and Public Expenditure and Reform Minister Michael McGrath; who knows what surprises will be in their Budget? Picture: Julien Behal

The rapid decline in the Government’s finances as a result of the Covid-19 pandemic crisis has raised the prospect of tax-raising measures in the upcoming budget.

While Finance Minister Paschal Donohoe has ruled out increases to income tax and other big tax categories, such as VAT, the likelihood that certain tax reliefs might be reduced, scrapped, or altered remains a possibility.