FINANCIAL SERVICES REACTION:ACCOUNTANTS AND representatives of the financial services sector welcomed the Budget, particularly the measures relating to corporate and personal taxes.
The Chartered Accountants of Ireland praised the Minister’s decision not to increase the overall tax burden and the reduction in VAT.
The group predicted that the reduction in VAT and excise duty could stem cross-Border shopping and stimulate the hospitality sector. The cuts in social welfare and public sector pay would help tackle the national debt, it said, a view echoed by the Institute of Certified Public Accountants in Ireland.
