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ARTICLE · 15 OCTOBER 2020

Budget 2021 – A Response To Challenging Times

RDJ LLP
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Before the Minister for Finance, Paschal Donohue, and the Minister for Public Expenditure and Reform, Michael McGrath, had risen from their seats to deliver the joint Budget 2021, the media had already extensively reported on many of the measures included.

IrelandStrategy
John Cuddigan
John Cuddigan
Eoin Tobin
Eoin Tobin
Mark Barrett
Mark Barrett
Mark Ludlow
Mark Ludlow
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INTRODUCTION

Before the Minister for Finance, Paschal Donohue, and the Minister for Public Expenditure and Reform, Michael McGrath, had risen from their seats to deliver the joint Budget 2021, the media had already extensively reported on many of the measures included.  Notwithstanding, for those of us who remember the budget of 10 years ago, the contrast between an austerity budget involving ?6 billion being taken out of the economy and Budget 2021 - seeking to mitigate the Covid-19 shock and a no-deal Brexit - injecting ?17.75 billion into the economy was still breath-taking.

Whilst the taxation measures only comprise of ?270 million of the total package, we wish to focus on some of these measures and highlight some points and issues that arise.

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