Syndicated

130,000 PAYE taxpayers due refunds from Revenue

Revenue is writing to 130,000 PAYE taxpayers who have paid tax but have not claimed any additional tax credits or reliefs in the last five years, to remind them that there is a four-year time limit for claiming a refund of tax.

Revenue has issued letters over the last few years to assist taxpayers in claiming their due entitlements and ensuring they only pay the correct amount of tax. Analysis …

Business failures fall further in third quarter

Corporate insolvencies fell by a fifth between July and the end of September when compared to the same period last year.

Corporate insolvencies fell by a fifth between July and the end of September when compared to the same period last year.

That’s according to new data from Deloitte, which says the steady trend of decline in recent years is continuing.

439 businesses became insolvent during the three-month period, down …

Banking union will make lenders safer – ECB’s Enria

The man responsible for leading the supervision of banks across Europe has said success in making lenders safer and sounder hinges on completing the banking union, particularly a European wide deposit protection scheme. 

The man responsible for leading the supervision of banks across Europe has said success in making lenders safer and sounder hinges on completing the banking union, particularly a European wide deposit protection scheme. 

Andrea Enria, who is …

Euro zone retail sales pick up in September

Euro zone retail sales accelerated more than expected year-on-year in September, data from the European Union’s statistics office showed today, pointing to sustained domestic demand in Europe. 

Eurostst said retail sales in the 19 countries sharing the euro rose 0.1% month-on-month for a 3.1% year-on-year gain, up from 2.7% in August. 

Economists polled by Reuters had expected the same monthly increase but forecast only a 2.5% annual rise. 

Retail sales …

Brexit impacting trade flows but not tariffs

The UK’s importance as a trading partner for Ireland has declined significantly, according to research carried out by HSBC Bank.

As part of its Navigator survey, the bank spoke to 9,000 companies in 35 countries. 

Just under half of Irish businesses considered the UK an important trading partner, down from 75% last year.

Alan Duffy, CEO of HSBC Bank Ireland, said it was part of an ongoing trend over the last decade …

Tax revenues running slightly ahead of targets

Exchequer figures for the month of October show that Government tax revenues for the first ten months of the year running slightly ahead of target. 

Total tax revenues stood at €44.973 billion at the end of October, which was €706m or 1.6% ahead of target.  

Government spending stood at €43.224 billion. Compared to the same point last year, this represents a 6% increase in current spending and a 23.9% …

Euro zone investor morale rebounds in November

Morale among investors in the euro zone jumped in November to its highest level since June on signs of an economic upswing in Asia and resilience in the US economy, a new survey showed today. 

The Sentix research group said its investor sentiment index for the euro zone rose to -4.5 from -16.8 in October, when it hit its lowest level in six and a half years. 

The November reading …

Consumer sentiment slumps further as Brexit rumbles on

Consumer sentiment fell for a fourth successive month for the first time since late 2012 as uncertainty over Brexit continued to weigh on confidence, a survey showed today. 

While the economy here has remained the fastest growing in the EU throughout three years of Brexit talks, consumer confidence took a hit in recent months as the prospects of a no-deal British exit rose. 

The KBC Bank consumer sentiment index sank …

Brexit already having ‘rising negative effect on a third of all businesses’

More than a third of firms across the island of Ireland say Brexit is already having an adverse impact.

This is according to the latest all-Island business monitor from InterTrade Ireland.

With continued uncertainty around what the UK’s exit from the European Union will look like, 28pc of cross-Border traders have implemented steps to lessen any potential negative effect from Britain’s departure.

Security of supply chain, contracts and cash flow …

Campaigners call for further reform of insurance market

Campaign groups have described the introduction of new rules to improve transparency on motor insurance pricing as a welcome step.

Campaign groups have described the introduction of new rules to improve transparency on motor insurance pricing as a welcome step.

But they say further moves and greater transparency are needed to reassure consumers and bring down premiums.

The Alliance for Insurance Reform said the reforms, while welcome, have taken too long to deliver.

Director …

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