Friday 19 January 2018

Make Budget jobs-focused, says chamber

John Mulligan

John Mulligan

October's Budget must be jobs-focused and include a range of measures to help stimulate business, Dublin Chamber of Commerce chief executive Gina Quin has said.

She said that among the measures the Government should consider was raising the threshold for the cash receipts basis of VAT from €1.25m to €1.6m.

Ms Quin said the major concerns for members were managing cash flow and working capital, rather than access to investment capital.

"They need that working capital to allow them to expand sales and, on the back of that, to expand employment," she said.

The chamber also wants a 15pc capital gains tax rate for people who lend money to SMEs, rather than the 33pc rate that would apply now.

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