News

93% of workers would like opportunity to work from home

93% of Irish employees surveyed by recruiter Robert Walters said they would like more opportunities to work from home when normal working patterns resume. Around one in ten said they would like to work from home permanently.  The recruitment company gauged the opinions of management and staff in over 2,200 companies worldwide for this survey.  […]

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Proposals for credit guarantee scheme for businesses impacted by Covid-19

The Government has given the go-ahead for the publication of proposed legislation that will, if enacted, establish the new credit guarantee scheme to help businesses impacted by the Covid-19 crisis. The scheme, first announced two-and-a-half months ago, will see up to €2bn in low cost loans made available to struggling firms, with 80% of the […]

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Proposals for credit guarantee scheme for businesses impacted by Covid-19

The Government has given the go-ahead for the publication of proposed legislation that will, if enacted, establish the new credit guarantee scheme to help businesses impacted by the Covid-19 crisis. The scheme, first announced two-and-a-half months ago, will see up to €2bn in low cost loans made available to struggling firms, with 80% of the […]

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Most employees want to retain option to work from home

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 […]

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Credit unions seek role in financing social housing

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 […]

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Call to spread wage subsidy tax burden over four years

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 […]

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51% of Irish firms expecting ‘U’ shaped recovery

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, […]

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

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 […]

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

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 […]

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

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 […]

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