Angela Fleming, Partner & Head of Financial Services Tax, analyses the Preliminary Corporation Tax challenges that corporates currently face and suggests a number of changes to make the system more user-friendly and equitable for corporates.
Budget 2027 - pre-budget observations
Derek Henry, Partner and Head of Tax, examines how Budget 2027 should convert the positive intent shown in The Department of Finance’s Research and Development Tax Credit and Innovation Compass into targeted reforms. He highlights the priority should be around the area of subcontracting.
Cian O’Sullivan, Partner, Private Client Tax, outlines pre-Budget observations on SMEs and Private Business, analysing opportunities to support entrepreneurship, investment and business succession, alongside measures to improve access to talent, encourage digitalisation and simplify the tax system for smaller businesses.
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Michelle Adams, Director, Financial Services Tax, explains pre-Budget observations on FDI and Financial Services. She explores opportunities to strengthen Ireland’s competitiveness, including further reductions to IUT and LAET rates, removing the eight-year deemed disposal regime and enhancing the foreign dividend participation exemption.
Grace McCann, Director, International Tax, examines pre-Budget observations on Corporate Taxation. She explores opportunities to simplify and modernise Ireland’s corporation tax regime, including enhancing the participation exemption, introducing a foreign branch exemption and reviewing interest deductibility, while maintaining a proportionate transfer pricing regime.
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Charlotte Cumiskey, Director, Real Estate Tax, shares pre-Budget observations on housing. She welcomes the enhanced corporation tax deduction that has been introduced to increase the supply of new apartments and outlines consideration should be given to measures that facilitate downsizing or rightsizing by homeowners.
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Maoliosa McHugh, Senior Manager, Tax, highlights pre-Budget observations on Entrepreneurial Relief exploring opportunities to strengthen the relief by increasing the lifetime limit, introducing roll-over relief and relaxing the current working and shareholding requirements to support entrepreneurship and reinvestment.
Clara Barry, Assistant Manager, Financial Services Tax, explores pre-Budget observations on Tax Administration, highlighting opportunities to lower the burden of tax administration, including cutting back on the Form CT1 (which stood at 70 pages for FY2025) and moving ERR reporting from real-time to monthly.
Amy Scally, Assistant Manager, Tax, shares pre-Budget observations on the Employment Investment Incentive (EII). She calls for substantial reform of the Employment Investment Incentive (EII) which can be complex and act as a barrier to investment in Irish SMEs.