Daily Archives: October 22, 2014

Budget 2015-Thankful for small mercies?

Pearse Kenney – Senior Tax Manager with HC Financial Advisers Ltd

After 7 years of austerity Budgets it made a welcome change to anticipate last week’s Budget without a sense of dread, as had been the case with Budget day since Ireland’s economic nosedive at the end of the last decade.

In the weeks leading up to the Budget, Government ministers, buoyed by strong economic data and improving Exchequer returns, signalled that Budget 2015 would begin the process of income tax reductions and increased welfare spending over the next few years.

Pay your fair share of tax... and no more

Pearse Kenney – Senior Tax Manager with HC Financial Advisers Ltd

Get the sneaking feeling you are paying too much tax? You may well be, says Pearse Kenney

Exchequer returns for the first nine months of the year, which revealed that the State has taken in over €700 million more than had been expected at the start of the year, were  greeted with much back slapping around the Government benches. The Taoiseach and the Minister for Finance variously laid claim that the results were testament to the Government’s sound economic stewardship since it came to power. Somewhat conveniently they ignored the fact that, when all is said and done, they have merely carried out the policies started by the previous incumbents as dictated to by the Troika.