PwC Ireland’s Post

Budget 2025 aims to alleviate the housing crisis by increasing the renters' credit to €1,000 and extending the 'help to buy' scheme. The continuation of temporary mortgage interest relief is also on the cards. Discover the potential benefits for homeowners and renters in our detailed analysis:

Take a look at what Budget 2025 will mean for income taxes in Ireland - with just under 3 weeks to go til the Minister delivers his first budget, here's what we know (plus a few things we'd like to see). #Budget2025 #Tax

NEW | Here are your key announcements from the Chancellor's Autumn Budget: 🧾️ Tax Reforms 💸 National Insurance and Wage Increases 🛣 Corporate Tax Roadmap 🛒 Retail and Hospitality Relief 🚬 New E-Cigarette and Tobacco Duties 🚅 Infrastructure and Digitalisation #AutumnBudget2024

📈 In the first six months of 2024, the Exchequer’s income tax yield reached €16.7 billion, driven by a large workforce. 💸 In Budget 2025, workers — especially those in the ‘squeezed middle’ — expect tax relief to combat ongoing cost-of-living pressures. 💼 How will the Minister for Finance address these expectations? And what are the anticipated changes in income tax rates and bands? 👥 Find out more from Doone O'Doherty in our Personal Tax insight: https://bit.ly/3XkaH3g. #Budget2025 #PersonalTax

Australian Federal Budget │ Updates for Individual Tax Payers The Federal Budget delivers relief for individuals through: - New (Lower!) Personal Tax Rates & Amended Thresholds - Increase to Medicare Levy Low-Income Thresholds - $300 Electricity Bill Rebate for Households Our slides below provide an overview. Want to understand all the changes? Our blog highlights the key insights: https://lnkd.in/geHpydVx #federalbudget #budgetplanning #financialplanning #taxpayers #taxes

Has the R&D sector finally been promised stability? Yesterday’s Autumn Budget shared the Government’s commitment to maintaining the current R&D tax relief rates for the remainder of this Parliament. With so many years of uncertainty behind us, now is the time for advisors and businesses to build confidence with the scheme. Read more: https://bit.ly/4fqqGE2 #RandD #ResearchAndDevelopment #AutumnBudget

Labour sources have indicated that extending the income tax threshold freeze beyond 2028 wouldn’t break their manifesto promise of not raising taxes on 'working people'. By keeping tax thresholds frozen, more people could be pushed into higher tax brackets as wages rise, potentially raising £7bn for the government. Critics argue this move could undermine Labour’s pledge, but government insiders maintain that the promise only applied to tax rates, not thresholds. With tough financial decisions looming, Chancellor Rachel Reeves has just days to finalise her budget plans. For more info: https://lnkd.in/epXNVptM #Budget2024 #IncomeTax #TaxThresholds #RachelReeves #LabourParty #TaxFreeze #UKEconomy #PublicFinances #TaxPlan

Big changes could be coming if the Tax Cuts & Jobs Act expires. From higher tax rates to lower deductions, find out what this means for you and your finances → https://loom.ly/bPNqWQE #taxcutsjobsact #taxpolicy #financialplanning

The upcoming Budget presents significant challenges in an attempt to raise tax revenue, with the Labour government’s commitment to avoiding increases in income tax, national insurance and corporate tax rates. Olawale Adeosun, Head of Regional Wealth Planning and Family Governance, examines the three key areas that could see reforms in the upcoming Autumn Budget: https://bit.ly/4eumWSh #budget #thebrief #planning

On Wednesday, Prime Minister Rishi Sunak has announced a snap General Election for 4 July, shaking up the political landscape and leaving crucial tax legislation in question. With the potential for a Labour government on the horizon, significant uncertainty looms over the future of non-dom tax changes proposed in the 2024 Spring Budget. Key Questions Arise: - Will draft legislation for non-dom tax changes be produced? - How will the election impact the timeline for new tax rules? - What changes might a potential Labour government introduce? #Tax #Election2024 #UKPolitics #NonDom #TridentTax