Incentives aimed at revitalising business

THE Programme for Government outlines a number of measures designed to facilitate the revitalisation of the country’s business sector through financial incentives.

The Revenue Commissioners will be asked to examine the feasibility of introducing a Single Business Tax for micro-enterprises with an annual turnover of less than €75,000.

The incoming Government intends to implement a temporary, partial credit guarantee scheme which, it says, will provide a level of insurance to banks against losses on qualifying loans.