Archive for August 2024
Higher VAT rate for hospitality to remain – Minister
The Minister for Public Expenditure and Reform has said the higher VAT rate for hospitality will remain, despite claims by the Restaurants Association of Ireland that hundreds of businesses are closing as a result. Paschal Donohoe said the lower 9% VAT rate, reintroduced during the Covid-19 pandemic, was only ever meant to be temporary. “I…
Read MoreAnnual inflation flat at 2.2% in July – CSO
The annual rate of inflation came in at 2.2% in July, new figures from the Central Statistics Office show today, unchanged from a month earlier. The CSO said that inflation, as measured by the Harmonised Index of Consumer Prices (HICP), which strips out mortgage interest costs, was unchanged at 1.5% year-on-year, in line with flash…
Read MoreNumber of private residential landlords up 7% to 103,000, new RTB data shows
The number of private registered landlords renting homes to tenants in Ireland rose by almost 7% to 103,035 between the middle of last year and March of this year. New data also shows that the proportion of private tenancies associated with small landlords with just one tenancy remained roughly static across the same timeframe, at…
Read MoreConcern over lack of properties to rent under HAP scheme
A total of 43 properties within the discretionary rate of the Housing Assistance Payment were available to rent in June this year, according to the latest quarterly Simon Communities’ Locked out of the Market report. It is an increase of five properties – or 13% – since March 2024. In 16 areas surveyed by the…
Read MoreUnlocking the Potential of Cloud Accounting for Small Businesses
In the rapidly evolving digital age, cloud accounting has emerged as a game-changer for small businesses. It offers a revolutionary approach to managing finances, providing a range of benefits that traditional accounting methods simply cannot match. For small business owners looking to streamline operations, improve accuracy, and gain real-time insights into their financial health, cloud…
Read MoreTax receipts to end of July up nearly 10% on same period last year
The amount of tax collected by the State between January and the end of July was up 9.5% on the same period last year, driven by income tax, corporation tax, VAT and excise duty. Latest Exchequer Returns show that in July alone €7.6 billion in tax was received, up 10.4% or €700m on the same…
Read MoreIFAC says Exchequer figures show strong economy but risks remain
The amount of tax collected by the State during the first seven months of the year was up 9.5% on the same period last year, driven by income tax, corporation tax, VAT and excise duty. The Exchequer returns for July, released yesterday, show that during that month alone, €7.6 billion in tax was taken in,…
Read More31,384 new residential addresses recorded in year to June
A total of 31,384 new residential addresses were recorded over the year to June. GeoDirectory, which records the data, said this represents a 17.1% increase on the same point a year ago. The highest proportion of the new homes were in Dublin, making up a third of the total, followed by Cork, Meath and Kildare.…
Read MoreTokyo’s Nikkei index closes up 10.2% after previous day’s record fall
Tokyo’s key Nikkei index closed more than 10% higher today, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen. The benchmark Nikkei 225 index jumped 10.23%, or 3,217.04 points, to end at 34,675.46, while the broader Topix index added 9.3%, or 207.06 points, to 2,434.21.…
Read MoreStocks sink with bond yield and dollar on recession fears
Global equities suffered heavy losses today as Wall Street joined a global stock rout that started in Japan while the dollar tumbled against the yen and US Treasury yields dropped on concerns about a recession in the United States. Oil prices also fell in a volatile session today, hit by recession fears, but declines were…
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