Category: Syndicated

Credit unions seek role in financing social housing

July 13, 2020By splashcredit union, Syndicated

The Irish League of Credit Unions is calling on the Government to make changes that would allow the sector to finance social housing and a National Retrofitting Plan for up to half a million older homes. It is among a number of proposals being put forward by the league, which represents 226 member credit unions across the […]

Most employees want to retain option to work from home

July 13, 2020By splashremote work, Syndicated

Over 80% of Irish employees want to continue to spend at least part of their week working from home when normal life resumes after the coronavirus pandemic, a survey shows. Like much of Europe, most workers here were forced to work from home when the economy went into lockdown in March. The Government’s advice remains […]

Call to spread wage subsidy tax burden over four years

July 13, 2020By splashSyndicated, wage subsidy

The group representing Irish accountancy bodies has called on the Government to spread the taxation burden for recipients of the pandemic wage subsidy schemes over a four year period. Workers are liable for tax on the income they have received via the Temporary Wage Subsidy Scheme (TWSS). But the liability will not arise until the end […]

51% of Irish firms expecting ‘U’ shaped recovery

July 10, 2020By splashrecovery, Syndicated

Over 65% of global firms expect Covid-19 to have a negative impact on revenues in 2020, according to the Grant Thornton International Business Report, which provides insight into the views and expectations of more than 10,000 businesses across 29 economies. It reveals that 40% of businesses anticipate a decline of less than 20% in revenues, […]

Dublin Port volumes down in the first half of the year, but not as much as expected

July 10, 2020By splashSyndicated, trade

There was a near 11% reduction in the volume of goods passing through Dublin Port in the first six months of this year, according to figures from the Dublin Port Company. Overall port tonnage was 10.9% lower than in the same six month period last year. A first quarter decline of almost 5% – which […]

Govt urged to reduce alcohol, hospitality VAT rate to 5%

July 9, 2020By splashgovt, Syndicated

The Irish drink and hospitality sector is urging the Government to deliver a VAT reduction in the July stimulus economic plan. The call comes after the UK announced it was cutting VAT (Value Added Tax) on hospitality services from 20% to 5%. At present, there is a 13.5% VAT rate in Ireland for hotel, tourism, food and drink services. The Restaurants […]

Govt may extend rent freeze

July 9, 2020By splashrent, Syndicated

The Government will consider extending a rent freeze and moratorium on evictions which was introduced as an emergency measure at the start of the Covid 19 crisis. The measures were due to expire on July 20th, but the Minister for Housing, Darragh O’Brien, has told the Dail he will write to the Minister for Health, […]

Hotels report occupancy rates of between 23-26% for summer months

July 9, 2020By splashhotel, Syndicated

Hoteliers here are reporting occupancy rates of between 23 and 26% for the summer months, according to figures from the Irish Hotels’ Federation. This is based on confirmed bookings and compares to an average 90% occupancy over the summer months last year. The IHF said that occupancy for September, traditionally a popular time for US […]

House prices down 3.3% so far this year, rents up 0.2% – Daft.ie

July 8, 2020By splashhousing, Syndicated

House sale prices fell by an average of 3.3% in the year to June, according to the latest Daft.ie Housing Market Report. Daft.ie’s new monthly report looks at the health of both the sale and rental markets, with figures showing a 0.2% rise in rents nationwide in the year to June this year. The report reveals […]

Irish economy to shrink by 8.5% in 2020 before 2021 recovery

July 8, 2020By splasheconomy, Syndicated

The European Commission has said that Ireland’s GDP is projected to contract by 8.5% in 2020. The economy here is then expected to grow by 6.25% in 2021, on the back of the pent-up domestic demand release and the global post-crisis recovery. This compares with the Commission’s earlier forecast of a downturn of 7.9% for […]

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