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Covid's Taxing Times

In the December issue of the Law Society Gazette, Daryl Hanberry & Bridget Doherty, highlight some of the key measures of Budget 2021

Overview

Budget 2021, followed by more detailed measures in the Finance Bill on 22 October, was framed on the assumption that there would be no bilateral trade deal between the EU and Britain, Brexit, and that there would be no COVID-19 vaccine in Ireland next year. In his budget-day speech, Minister Donohoe said the Government was able to respond “swiftly and assertively” to the economic uncertainty of COVID “because of the decisions of recent budgets”. That said, there is no doubt that keenly placed taxation measures can serve as a positive mechanism, for domestic and foreign-direct investors alike, in facing the wide-ranging economic variables unleashed in Ireland in 2020.

First published on 4 December, 2020 in the Law Society Gazette 

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