Budget 2018: Counting the cost of indirect tax measures

Indirect taxes act as a key revenue generator for the exchequer, but they can be costly for businesses in terms of the administration of taxes and liabilities if errors are made

15th October, 2017

The indirect tax measures in the budget, along with recent exchequer data and EU Commission proposals, illustrate some of the key trends in relation to the role that indirect taxes play in our economy and society.

Indirect taxes continue to be a key revenue generator for the exchequer. Based on the Department of Finance’s economic and fiscal outlook accompanying the budget, the combined Vat, customs and excise duty revenues for 2018 are likely to exceed...

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