Government Spring Economic Statement
The Government Spring Economic Statement, published last month, hinted that major changes to VAT rates or capital taxes are unlikely in the short term. The Local Property Tax rules could be changed to ensure no dramatic tax increases from uplifts in property values. Budget 2016 could provide for up to €750 million in tax relieving measures, the emphasis will be on reducing “labour” taxes – wages and the earnings of the self-employed. The Statement documents are available on the Department of Finance website.