Author: splash

Around 420,000 people will be issued tax bills today as a result of payments they received under the two main Covid subsidy schemes last year. 71% of those in receipt of the Temporary Wage Subsidy Scheme and 33% of those on the Pandemic Unemployment Payment underpaid tax – and will receive a bill. Data released by […]

The Minister for Finance, Paschal Donohoe, has said planned changes to corporate tax rules will result in a reduction in corporate tax in the future of between €800m and €2 billion a year. This reduction is expected to take a number of years.   He said that the plan Ireland is launching today should help it […]

Just how bad is the import/export situation in the UK as a result of Brexit? And in particular, how bad is it in Northern Ireland – where EU Single Market rules still apply? According to British Prime Minster Boris Johnson, the problems in Northern Ireland amount to “teething troubles” arising from the change over to a […]

New research from property advisor Savills Ireland shows that demand in Dublin’s industrial and logistics sector was up in the final quarter of 2020. Savills noted demand for 87,318 metre squared of industrial and logistics space during the fourth quarter, up 5% on that same period the previous year. There were 47 transactions in total, 68% of which were […]

Ireland and Greece had the joint highest mortgage interest rates across the euro area in November, new figures from the Central Bank show. The Central Bank said the average interest rate on new mortgages in Ireland stood at 2.79% in November.  This compared to the average for the euro area of 1.31% in November, although […]

Revenue has said that 76% of goods being imported through Dublin Port from the UK are now being given green clearance, which is up from 45% one week ago. Speaking at a multi-agency Brexit briefing at Dublin Port, Tom Talbot, Head of Customs Operations at the port, said the remaining 30% are being routed to orange […]

Ireland is due to receive over €1 billion from the European Union’s Brexit fund, set up to help member states most affected by Britain’s departure from the bloc. The announcement was made by Minister for Foreign Affairs Simon Coveney. The funds are part of the so-called Brexit Adjustment Reserve, worth more than €5 billion, agreed in […]

Ireland is due to receive over €1 billion from the European Union’s Brexit fund, set up to help member states most affected by Britain’s departure from the bloc. The announcement was made by Minister for Foreign Affairs Simon Coveney. The funds are part of the so-called Brexit Adjustment Reserve, worth more than €5 billion, agreed in […]

Some sectors of Ireland’s valuable food and drink industry were severely affected last year as a result the global Covid-19 pandemic. The extent of the decline is highlighted in the annual Bord Bia Performance & Prospects 2020/2021 Report, which will be published today by Minister for Agriculture Charlie McConalogue. Food and drink exports overall declined by just […]

New figures show that the average shopper spent €134 more on groceries in December last year than they did in December the previous year.   The latest figures from Kantar show that grocery sales in Ireland rose by 17% in the 12 weeks to December 27.  A record-breaking €1.2 billion was spent on groceries in […]