Introduce a Covid recovery package for 2021 and 2022

These measures would include:

 

  • Tax measures to encourage investment in and by SMEs, such as a radical improvement in CGT entrepreneur’s relief.
  • Improving the working of the Employment Wage Subsidy Scheme (EWSS) so that firms avoid a ‘cliff-edge’ effect once they hit 70% of normal turnover.
  • And the re-introduction of the 9% VAT rate for hospitality, extended to the on-trade, to provide direct support to cashflow
 
Read a full set of our recommendations here.

 

Ibec Budget 2021 Submission pdf | 417.4 kb