Budget 2027 was announced yesterday afternoon with an €8.5 billion package. Between PRSI threshold shifts, minimum wage adjustments, and preliminary tax updates, there are several immediate operational items Irish business owners need to factor into their 2027 planning.
Our tax team in Sandyford has pulled together a practical 7-page briefing breaking down the statutory changes, calculations, and effective dates:
Download the Shelbourne Budget 2027 Briefing
Direct PDF download • 7 pages • Practical tables and worked examples
The Main Takeaways at a Glance:
- Preliminary Tax for Small Companies: The eligibility limit moves from €200,000 to €350,000, which provides noticeable cash-flow breathing room for scaling businesses.
- Payroll & Minimum Wage: The national minimum wage rises to €14.94/hr from 1 January 2027. To prevent low-wage earners from jumping tax brackets prematurely, the lower Employer PRSI threshold increases to €600/week.
- Capital Gains Tax (CGT): Cut from 33% to 31% (expected to apply from 7 October 2026, subject to the Finance Bill). Funds exit tax drops to 35%.
- Personal Income Tax: The single standard-rate band increases by €2,500 to €46,500, and main personal/employee tax credits increase by €125 to €2,125.
- Inheritance & CAT: The Group A parent-to-child tax-free threshold increases to €420,000.
