Archive for August 2023

Motorists are facing a hike in the cost of refuelling their vehicles from midnight tonight, as excise rates are increased by the Government. Petrol excise rates will increase by 7c per litre while diesel prices will rise by 5c. Agricultural diesel will go up by 1c. It is the second of three increases in excise,…

An initial estimate for inflation, measured by the Harmonised Index of Consumer Prices (HICP), shows prices rose by 4.9% in the 12 months to August. Today’s latest Central Statistics Office figures show that prices rose by 0.5% over the month and the annual rate was higher than the 4.6% recorded in July. The HICP for…

The reduced 9% VAT rate for tourism, hospitality and some other services will expire at midnight and return to 13.5%. The planned increase is set to go-ahead despite last minute pleas by business organisations for its retention. The Government extended the lower rate for the final time in February. It made the decision after an…

In the intricate dance of human interactions KAAS understand that the concept of a win-win mindset emerges as a guiding light that illuminates the path to mutual growth and success. KAAS know that the essence of this mindset transcends mere transactions, offering a profound shift in perspective that nurtures collaboration, empathy, and lasting relationships.  …

Minister for Finance Michael McGrath has confirmed that the planned hike in excise duty will go ahead in September as it is already “locked in”. He said the decision had already been made by Government and legislated for by the Oireachtas. However, he said it should take some time to reach consumers. “In the same…

Companies around the world are on track to pay investors a record $1.64 trillion in dividends this year following a more than 6% jump in the second quarter, a report today showed. The figures by fund manager Janus Henderson estimated that 88% of companies globally had either increased their dividends or held them steady in…

European new car registrations jumped 15.2% in July, the 12th consecutive month of growth as the auto industry recovers from pandemic-related supply chain issues, data from the European Automobile Manufacturers Association (ACEA) showed today. Electric vehicle sales jumped 60.6%, continuing a rise buoyed by subsidies in a number of European Union countries. Full EVs accounted…

The volume of retail sales increased by 5.9% in the 12 months to July, new figures from the Central Statistics Office show. On a monthly basis, sales volumes dropped by 0.8% when compared to June. When motor trades are excluded, the volume of retail sales fell by 4% in the month, and rose by just…