Business News

Time to check if you’re due a tax allowance windfall

11th December 2018

Tax reliefs could be worth thousands a year to workers, but many forget to claim them, or don’t realise they can. Time is running out for workers to claim a valuable tax refund they may be entitled to. There is a four-year limit on how far back you can claim tax refunds – and so […]

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Time to check if you’re due a tax allowance windfall

11th December 2018

Tax reliefs could be worth thousands a year to workers, but many forget to claim them, or don’t realise they can. Time is running out for workers to claim a valuable tax refund they may be entitled to. There is a four-year limit on how far back you can claim tax refunds – and so […]

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Some 50,000 customers are left with worthless insurance

7th December 2018

Up to 50,000 Irish insurance customers have been left with no guarantee of cover after an underwriting company shut down. Danish company Qudos has gone into liquidation, with payouts on claims being put on pause. It means that Irish customers’ cover with the firm is essentially worthless, and those awaiting payment of a claim from […]

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Renters will soon be able to find out how much previous tenants charged

7th December 2018

Renters will be able to know what a previous tenant was paying for a room under laws to be brought to Cabinet next week. Housing Minister Eoghan Murphy has indicated he can overcome legal challenges to set up a ‘rent register’. It would allow people looking to rent a room see the average prices in […]

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Bamboozled by bills: 25pc of householders believe they were overcharged

7th December 2018

Householders are being bamboozled by bills – with many fearing they are being overcharged, new research has found. A quarter of consumers believe they were overcharged on at least one bill in the last year, research from price comparison site Switcher.ie shows. Most people feel they have no choice but to trust their supplier to […]

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Theresa May rejects accusation of hiding Brexit facts as full legal advice published

6th December 2018

EU ‘ready for no-deal Brexit’ if UK sinks deal Irish backstop for UK’s withdrawal deal could last ‘indefinitely’, legal advice states Report also warns of Britain becoming stuck in “protracted and repeating rounds” of negotiations Theresa May said she is listening to concerns on Brexit backstop to find way forward DUP says UK government’s Brexit […]

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Digital tax kept alive by France and Germany

6th December 2018

Europe’s efforts to tax large tech companies were kept on life-support yesterday as France and Germany proposed a final-hour compromise that scales back the broad plan initially envisioned by Paris. Ireland, along with other countries including Sweden, opposes the tax plan and even the watered down proposals will face resistance. The updated proposal is to […]

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Mortgage approvals jump by 11pc as values also increase

6th December 2018

Mortgage approvals jumped in October, both in terms of volume and value. Across all types of borrowers, banks approved a total of 4,262 mortgages in October, up 11.4pc month-on-month. This is a 13.6pc increase in approvals year-on-year, figures from the Banking and Payments Federation Ireland show. First-time buyers accounted for the lion’s share of activity, […]

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Drive down wage costs, renegotiate supplier prices to boost profits

5th December 2018

Q. Could you give me a few words of wisdom on improving the profitability of a manufacturing business? A. Sales are vanity, profit is sanity. It is good to see that you are focused on the bottom line. In most manufacturing businesses wages tends to be the biggest cost. It is not so much about […]

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Tax windfall won’t boost spending – Paschal Donohoe

5th December 2018

Bumper corporation tax receipts pushed the overall tax–take in November to €631m ahead of target. Department of Finance show that taxation receipts for the month of November were €938m higher than in the same month last year, boosted by very strong corporation tax receipts.  November is the month when must businesses pay their tax, making […]

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