Insights

The Government announced the details of Budget 2025 on October 1 2024. Stay informed with comprehensive coverage, commentary and analysis from Grant Thornton's team of experts.

Our Partner Martin Shanahan recently sat down for a fireside chat with An Taoiseach Leo Varadkar to discuss a number of topics ranging from the Governments plans for the upcoming Budget, Ireland’s relationship with Foreign Direct Investment, how the Government hopes to support Entrepreneurs going forward, and the growth of the Economy.

2023 adverse scenario is the most severely used in the EU wide stress up to now. The adverse scenario assumes a hypothetical worsening of geopolitical tensions leading to a severe decline in GDP with persistent inflation and high interest rates. The adverse scenario is designed to ensure a significant severity of various macro-economic and financial shocks across all EU countries and, for the first time, depicts a breakdown of the shocks (on real gross value added) by economic sectors.

Finance Act 2022 was signed into law on 15 December 2022 and provides the legislative basis for many of the tax measures announced as part of Budget 2023 and includes tax provisions introduced during the legislative process. Budget 2023 was labelled ‘A Cost of Living Budget’ and included targeted measures to tackle inflation and the increasing cost of living. Finance Act 2022 largely provides tax reliefs and supports for individuals, businesses and families and includes measures focusing on the housing crisis, climate change and sustainability.

The Grant Thornton Irish Business Voice Report provides a platform for Irish businesses to share their experiences over the last 12 months, while contemplating what is in store for the next 12 months. As such, this report helps to identify and amplify areas of opportunity and potential challenges facing businesses.

Measures the Irish Government have fast tracked in an effort to support businesses as they navigate Covid-19.