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News

Employers’ body says economic growth will be lower this year

Employers’ group Ibec says economic growth will be lower this year as a result of Brexit but also because the economy is at a mature phase of the business cycle.

Credit unions set for higher interest rates on loans

The Minister for Finance has asked officials to begin preparing legislative changes needed to allow credit unions charge higher interest rates on loans and financial products.

Revenue sees Local Property Tax compliance rate of 97%

A total of €482m has been paid by households in Local Property Tax to Revenue for 2018.

May faces battle to save Brexit deal as Commons vote looms

British Prime Minister Theresa May will continue efforts to win over Conservative critics of her Brexit deal as MPs return to Westminster, but both wings of the party warned that the plan is unlikely to receive support.

Revenue collected €54.5 billion in taxes and duties in 2018

The Revenue Commissioners collected €54.5 billion in taxes and duties for the Exchequer in 2018, according to preliminary results published today.

Mortgage lending growth highest in 9 years – Central Bank

Mortgage lending recorded its highest growth rate since 2009 during the month of November, according to figures published by the Central Bank, continuing a trend of positive lending seen in recent months.

Banks now required to tell mortgage holders how to save

Irish banks are now required to give mortgage customers more information about their loan in order to help them save money by moving to a better rate or switching provider.

NAMA generated €3.3 billion in cash in 2018

NAMA generated €3.3 billion in cash in 2018, according to an end of year summary of the agency’s progress.

Tax take almost €1.4bn ahead of target in 2018

More than €55.5 billion was received by the Exchequer during 2018, according to the Department of Finance.

13.5% VAT rate in hospitality sector ‘will close restaurants’

The hospitality sector has called for a review of the increase in the VAT rate which comes into effect on New Year’s day.

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