“Confidence is restored for Business” – Positive budget says the business community in Kildare

 North Kildare Chamber hosted their budget breakfast briefing this morning in Palmerstown House.  The synopsis of the budget was presented by PWC.  Over 100 businesses attended the Chamber breakfast, sponsored by Ulster Bank.  Allan Shine, CEO of North Kildare Chamber addressed the room by stating “ The Chamber are pleased with several aspects of the budget, namely the retention of the Hospitality VAT rate and the assurance that the 12.5% corporation tax will remain.  We are disappointed that the government did not reduce the employers PRSI and also reduce VAT on residential property construction which was part of the Chamber’s Pre Budget Submission.  Shine concluded.

Dermot Reilly, Senior TAX Partner with PWC and Colm O Callaghan Tax Director with PWC provided the attendees with  a full and comprehensive update on the budget and how it will impact business.  With key companies in attendance, special focus on corporation tax, inheritance tax and the changes in  special assignee relief programme were provided.  Businesses who attended the breakfast briefing included Pfizer, Kildare Village, Kona Structures, Haven Hire and BBA Ireland.

Anthony Lawlor TD commented that the “This Budget was a Political Budget, the past few years we faced very tough budgets and now we are implementing a budget in which everyone can see positives”   Dermot Reilly closed the briefing by saying “ Whilst the Government have widened tax bands and increased child benefit they have increased the USC and  many individuals will see little change in their pay packets”.