Uncategorized

The results of the latest SME Credit Demand Survey shows that 20% of small and medium sized businesses applied for bank credit between October 2020 and March 2021. 72% of SMEs reported that sufficient internal funds was the reason for not seeking credit. The survey series is conducted by Behaviour and Attitudes, on behalf of…

More than 100,000 new and previously exempt properties, most of which were built after May 2013, will be brought into the tax bracket and become liable for Local Property Tax (LPT) on 1 November. Revenue’s Local Property Tax branch manager said homeowners will have until this date to revalue their homes as part of the…

Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar has met United States Trade Representative Katherine Tai in Washington. According to a statement released by Ambassador Tai’s office, she “highlighted the Biden-Harris Administration’s support for a strong global minimum tax and explained how this policy could achieve more equitable and inclusive economic growth”. During…

 Bank of Ireland has blamed state-imposed curbs on bankers’ pay and bonuses for the announcement that its chief financial officer Myles O’Grady would leave the bank for a role outside the financial sector. Mr O’Grady is expected to leave Bank of Ireland in March 2022 and a process to appoint his successor will now start.…

Asking prices for homes in the third quarter were up 9% across the country compared to the same period last year, according to two separate reports by property websites myhome.ie and daft.ie. It compares to a rate of 13% in the second quarter of the year, suggesting the rate of increase is moderating. “The latest…

The Tánaiste has told business leaders that he is confident that the Government is in a position to include a pension, welfare and personal income tax package in next month’s Budget and needs to. Leo Varadkar also said that index linking income tax credits and bands is in the Programme for Government and that to…

New figures from Banking and Payments Federation Ireland show that mortgage approvals fell by 9.2% in August following a record high in July. But mortgage approvals continued to show growth on an annual basis, rising by 18% in August compared to the same month last year. Banking and Payments Federation Ireland said that a total…

Tánaiste Leo Varadkar has told the Dáil that there will be an increase in the minimum wage in the coming year. Mr Varadkar said there would be pay increases in most parts of the economy and that was why indexation of tax bands was required. He said these are not tax cuts and just ensured…

Nearly a third of business leaders say the requisite skills and experience on the board of their organisation have changed during the Covid-19 pandemic. This is according to the latest Director Sentiment Monitor research, published by the Institute of Directors (IoD) in Ireland today. The monitor also found that business leaders identify increased demand over…

The British-Irish Chamber of Commerce has called for the establishment of a “Shared Island Fund” to help boost the economic relationship between Ireland and the UK post-Brexit. In its pre-budget submission, the Chamber said the fund could help traders and encourage research partnerships. It also called for targeted supports for agri-food firms, and the expansion…