Business News
Bank to the future: online banking set for big changes In the past few weeks it’s likely that your bank, credit union or building society has been in touch to ensure that the contact details they have on file for you are correct. That’s so they can comply with new European rules, coming into force […]
Read MorePetrol and diesel prices could rise ‘significantly’ – AA Roadwatch Motorists can expect a hike in the price of petrol and diesel prices within weeks following attacks on two Saudi oil processing plants, according to AA Roadwatch. The warning came as the cost of a barrel of oil surged after drone strikes on national energy […]
Read MoreECB announces measures to kick start euro zone economy The European Central Bank today promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory, an effort to prop up the ailing euro zone economy. The moves come in the final weeks of ECB President Mario Draghi’s mandate. They will […]
Read MoreFrance urges EU rules on cryptocurrencies, warns of Libra risks The European Union should create a common set of rules for virtual currencies, currently largely unregulated in the bloc, to counter risks posed by Facebook’s cryptocurrency Libra, France’s Finance Minister said today. The 28-nation EU does not have specific regulations on cryptocurrencies. So far cryptocurrencies […]
Read MoreEconomy grows by 0.7% in Q2 as Q1 growth revised upwards The economy – when measured by gross domestic product – grew by 0.7% the second quarter of this year compared to the first quarter, new figures from the Central Statistics Office show today. On an annual basis, the economy grew by 5.8%, the CSO […]
Read MoreThe annual inflation rate in August rose to 0.7% from 0.5% a month earlier, new figures from the Central Statistics Office show. Inflation had risen above 1% year-on-year for the first time in six years in March but slipped back below that level in July. August saw consumer prices rising on the back of higher […]
Read MoreThe Minister for Business is to write to 220,000 companies all over the country to highlight the need for the them to take urgent action to protect their businesses against the risks posed by Brexit. The letters will be issued through the Companies Registration Office and will tell firms about the supports that are available […]
Read MoreBetter to preserve resources than cut taxes in Budget 2020 – Donohoe Minister for Finance Paschal Donohoe has said it will be far better off preserving resources to deal with the possibility of a no-deal Brexit, rather than reducing taxes in Budget 2020. Yesterday, Cabinet agreed to base Budget 2020 on the assumption that there […]
Read More€9.8m worth of tax settlements were made in the second quarter according to Revenue A website consultant from Dublin must pay Revenue €888,619 in under declared income tax, as well as interest and penalties as a result of a settlement arising from an audit. The case, concerning Michael P Doyle from 34 Dartmouth Road in […]
Read MoreIFAC urges Budget caution over Brexit, global risks The Irish Fiscal Advisory Council has urged the Government not to rely on surges in corporation tax to cover spending overruns. In its pre-Budget statement, the economic watchdog has said the Government should be cautious because of the risks associated with Brexit and a “worsening outlook” in […]
Read More