Budget 2023 – A summary for Independent Professionals in Ireland
Earlier this week, the Minister for Finance, Pascal Donoghue, and Minister for Public Expenditure & Reform, Michael McGrath, announced Budget 2023. In this blog, we have highlighted the most common changes that will be relevant to our clients and a summary of the main changes elsewhere! Earlier this week, the Minister for Finance, Pascal Donoghue, and Minister for Public Expenditure & Reform, Michael McGrath, announced Budget 2023. The Budget for 2023 has been built against the background of inflation and cost of living support. At first glance, it looks like a giveaway budget with a bit for everyone, the question is will it be enough to deal with inflation over the next few months or will it add fuel to the fire? Pardon the pun! Taxation receipts for the year to date have been strong, and we are currently running a surplus of € 1 billion in 2022, with a surplus of €6.2billion forecast for 2023. It was widely anticipated that this would be a Budget with large spending, and it ...