BUDGET 2016: Vitally important role of SMEs is finally being recognised
They are vital to Ireland’s continuing recovery and SME owners deserve a fair and transparent tax treatment. It was great to hear the minister support the area of entrepreneurship and SMEs and recognise the importance of this sector following on from the CPA Ireland reports on Entrepreneurship.
The self-employed, which includes farmers, have been discriminated against in the tax system. This budget starts a process of ending this discrimination through the phased introduction of a self-employed tax credit of €550 for 2016 which will increase in future years as resources permit.
