Category: Syndicated

People on PUP facing reduced tax credits when they return to work

The Director of Public Policy at Chartered Accountants Ireland has said Revenue will collect the tax owed on the Pandemic Unemployment Payment (PUP) for 2021 by reducing people’s tax credits when they return to work. Brian Keegan said that this is the normal course of events for most social welfare payments. But it will come as a […]

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88% of online shoppers buy from non-Irish sites – PayPal

88% of Irish consumers who shop online bought from websites outside of Ireland during the last year, according to research carried out by PayPal. The study involving more than 1,000 consumers in Ireland found that almost four in five (78%) of those who bought from websites outside of Ireland spent with UK retailers during this time. […]

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Business leaders concerned at pace of Covid-19 vaccine rollout – IoD

33% of businesses say a slow roll-out of the Covid-19 vaccination programme is the single biggest risk facing their organisation, according to new research by the Institute of Directors (IoD) in Ireland. An extension of Level 5 restrictions beyond next month is seen as the second biggest risk at 23%. According to the research, 78% of business leaders believe […]

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Irish banks ‘latecomers’ on digital services – Deloitte study

Irish banks lag behind their global counterparts when it comes to their digital services offering. This is according to a study of banks globally carried out by professional services firm, Deloitte, which is based on input from 5,000 customers of around 320 financial institutions worldwide. The Digital Banking Maturity Study places Ireland in the last […]

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Firms alerted to Brexit requirements that apply to some workers

Irish companies employing UK nationals working in other EU member states are being alerted to changes arising from Brexit which mean that their employees are now subject to potential work permission requirements. The same requirement applies to EU national employees hired here who need to travel to the UK for work purposes. The accounting and […]

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Government €160m Boost to Covid Business Grants

New Scheme targets businesses currently ineligible for CRSS & other sector specific grants Wholesalers, suppliers, caterers & events companies down 75% or more in turnover expected to benefit €10m extra for companies developing and making PPE & equipment used in fight against Covid-19 The Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar T.D. […]

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Warned over financial cost of Covid restrictions, construction may reopen 5 March

The Government has been warned that the financial costs of continued restrictions are very large and that the short-term economic outlook has worsened due to the current Level 5 restrictions. Covid-19 contingency funds could run out by the middle of the year if restrictions are only eased gradually after 5 March. The additional costs of […]

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Revenue apologises to hauliers for import system problems

Revenue has apologised for ongoing intermittent performance problems with its main import system. This has led to difficulties and delays for businesses trying to bring goods into the country since the end of the Brexit transition period.  Tom Talbot, head of the Revenue Customs operation at Dublin Port, said degradation issues with its Automated Import System […]

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Security to the fore as firms and consumers opt for digital in greater numbers

Almost half of Irish small businesses surveyed by payments company Visa said they were now offering contactless payments options to their customers for the first time. That is up from 15% of firms who said they were doing so in June of last year, as businesses were adapting to new demands amid the Covid-19 pandemic. […]

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Brexit pushes cost of buying used car from UK higher

Revenue has warned that anyone buying a used car from the UK needs to be aware of the significant additional costs that may apply, following the end of the Brexit transition period. Since the UK became a “third country” on January 1, used cars imported from there that were originally manufactured in the EU or […]

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