Thursday, 3 October 2019
The Small Firms Association is urging Government to address tax policy and tax administration issues in Budget 2020. The call comes as the group launches their latest tax policy document, “A Supportive Tax Environment for Small Firms”, in collaboration with PKF O’Connor, Leddy & Holmes.
Sven Spollen-Behrens, SFA Director, said: “Tax policy and tax administration can have a very significant impact on Irish small and indigenous businesses such as: investment, expansion, and attracting new talent. The administration and cost of operating the tax system can also be very onerous on small businesses. We must ensure that in Budget 2020, the interests of smaller firms are given due attention by bringing about changes to our current tax policy under three pillars investment, employment and administration.”
Tax Partner Catherine McGovern, PKF O’Connor, Leddy & Holmes said: “Based on our experience with clients, we believe immediate changes to Ireland’s tax policy and tax administration are required in Budget 2020, in order to assist small firms and encourage enterprise.
“Small firms are the backbone of the Irish economy, supporting them helps create and sustain jobs throughout the country. Given rolling Brexit uncertainty, we hope the Minister for Finance recognises their importance by bringing these changes forward in the Budget, and, does not further increase the cost burden on small firms” concluded Spollen-Behrens.