€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 […]
Author: Practicenet
IFAC 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 […]
Nervous bondholders switch from Irish debt Investors in Ireland’s bonds are sitting on double-digit returns this year after a global debt rally and are now starting to get nervous. In Ireland’s case, the UK’s political turmoil means a no-deal Brexit could spark worries over credit risks. So far Irish debt has been relatively immune to […]
Sterling rebounds on data surprise, Brexit hopes Sterling rebounded from early lows today and headed towards a five-week high as surprisingly strong data and growing optimism that Britain will not crash out of the European Union without a deal boosted demand for the British currency. Against the dollar, the pound gained 0.6% to $1.235 after […]
Construction PMI sees first rise in four months Construction activity picked up for the first time in four months in August – normally a quiet month for the industry – the latest Construction Purchasing Managers Index from Ulster Bank shows. The construction PMI rose to 53.7 in August from 51.4 in July. Ulster Bank said […]
Live Register continues downward trend – CSO The number of people signing on the Live Register fell again in August to the lowest level since early 2008, the latest figures from the Central Statistics Office show. The Live Register total recorded a monthly decrease of 1,500 – down 0.8% – last month, which brought the […]
Big investment banks have worst start to year since 2006 The world’s largest investment banks have had their worst start to a year since 2006, according to the latest data published by industry analyst Coalition today. In the first six months of 2019 investment banks reported revenues of $76.8 billion, down 11% on the previous […]
Business confidence sinking on Brexit concerns – IoD A new survey shows that business confidence has been severely impacted by the political and economic uncertainty surrounding Brexit. The latest quarterly survey from the Institute of Directors in Ireland shows that the uncertainty evident over the past 12 months has intensified. It also reveals that 89% […]
84% of Irish consumers own a smartphone – ComReg A new survey from ComReg shows that 84% of the population here own a smartphone, with two thirds of these using Google’s Android operating system, while the remainder are using Apple’s iOS. The survey was released ahead of ComReg’s national conference on the Digital Society tomorrow. […]
ECB President hopeful supports bank’s current stance The nominee to be the next President of the European Central Bank, Christine Lagarde, has said she supports the current stance of the ECB. The ECB maintains that “a highly accommodative policy stance is warranted for a prolonged period of time in order to bring inflation back to […]
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