Budget 2012 considerations for new business start up.

There was a lot to take in in the 2012 budget. Its no surprise that it was broken down over two days. Much of the information contained in the budget was no surprise as it was leaked out over the past few weeks. The VAT rate increasing from 21% to 23% will happen on 01st January 2012 giving many time to prepare their business systems.
Download the budget summary

We were delighted to see that the Minister reiterated in his speech that the rate of 12.5% Corporation tax would not be touched, and would remain in place indefinitely. Another important consideration for new business start ups is that the 3 year tax exemption for start-up companies is being extended to include start-up companies which commence a new trade in 2012, 2013 and 2014.

You can download a summary of 2012 Budget and Estimates Measures & Policy Changes on the link above, and if you have any questions or queries, please do not hesitate to contact us on the following details:

Email: info@irishformations.ie
+353 21 4217322
Address:  Atrium Business Centre, Blackpool, Cork.