budget 2024

Key takeaways from Budget 2024

Befuddled by all the noise around the state’s new spending plan? Fear not, here is a summary of the most important points

Minister for Finance Michael McGrath and Minister for Public Expenditure Paschal Donohoe: delivered Budget 2024.Picture: Fergal Phillips

1. Business and Enterprise

– R&D tax credit to increase from 25 per cent to 30 per cent.

– Reduced capital gains tax rate of 16 per cent for angel investors in innovative SMEs, on gains of up to €3 million.

The R&D tax credit has been increased

– EIIS investor relief from €250,000 to €500,000 for all investments to be equalised..

– Minimum wage to increase to €12.70 per hour

– Existing Vat ...