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Companies are pushing for a PRSI discount scheme to offset rising costs

tax

Simon Harris has raised expectations among business owners that a significant support package is on the way this summer

Businesses are calling for the introduction of a PRSI “material” discount scheme to ease cost pressures on SMEs and low-margin businesses.

The government is working on a €60 million plan to increase the entry threshold to the higher rate of employer PRSI, which is expected to be announced next month.

However, Ibec, the country’s largest employers’ group, has said Simon Harris must go further and has called for the introduction of a new PRSI tax rebate scheme for companies with a large number of low-paid workers.