Tax Senior Manager, Mike Scanlan, shared his overview and analysis of Budget 2024 at our hybrid event, alongside Oliver Mangan, Chief Economist AIB.
According to Mr. Scanlan, “The Budget 2024 announcements made on Tuesday were a mix of trying to address the challenges that people face in the here and now, whilst also making provision for the challenges to come for future generations. It is acknowledged that the economy remains in relatively good health, evidenced by a significant budget surplus”.
He further commented however that “There are continued challenges being presented in the context of global geopolitical uncertainties, continued pressures on energy costs, and inflation, which are contributing to significant burdens for both individuals and businesses in terms of keeping pace with rising costs. In this context, the unprecedented Budgetary package of €14bn consisted of a range of both once-off and longer term measures, largely in the areas of Income Tax changes, Income Supports, Housing and cost relieving measures for Businesses."
In summarising his views in terms of the economic outlook, Oliver Mangan, further noted that the “Government fiscal policy is to remain supportive of businesses and stimulating economic activity, while at the same time making provision for future challenges.”
RBK will be considering the details of the Finance Bill 2023 once published in the coming weeks, with further analysis and commentary to follow in due course.
Budget 2024 Highlights 284.18 KB
Highlights from Budget 2024 including business tax, personal tax, farmer tax, VAT, personal tax facts and PRSI.Download
AIB Budget 2024 Presentation 1.2 MB
Oliver Mangan, Chief Economist, AIB, presented on the Economic Backdrop to Budget 2024 at the Budget Hybrid Event held on Wednesday, Wednesday, 11th October 2023.Download
Budget 2024 - RBK Analysis 1.37 MB
Mike Scanlan, Senior Tax Manager with RBK provided an overview of the tax measures introduced at our Budget Briefing event on 11th October 2023Download
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