BUDGET 2016: Tax credit ‘first step’ towards equal footing

The introduction of a tax credit for entrepreneurs was welcomed in the wake of the budget as a first step in putting the self-employed on an equal tax footing as PAYE workers. 

Finance Minister Michael Noonan announced that a €550 tax credit is to be introduced for non-PAYE workers to address the disparity between the two groups.

Mr Noonan added that following a public consultation on the measures that would most benefit small business owners, the unequal treatment of entrepreneurs was identified time and again as one of the most pressing issues.