Business News

130,000 PAYE taxpayers due refunds from Revenue

11th November 2019

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 […]

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Business failures fall further in third quarter

11th November 2019

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 […]

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Banking union will make lenders safer – ECB’s Enria

7th November 2019

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 […]

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Euro zone retail sales pick up in September

7th November 2019

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 […]

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Brexit impacting trade flows but not tariffs

7th November 2019

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 […]

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Tax revenues running slightly ahead of targets

6th November 2019

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 […]

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Euro zone investor morale rebounds in November

6th November 2019

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, […]

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Consumer sentiment slumps further as Brexit rumbles on

6th November 2019

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 […]

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

5th November 2019

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 […]

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Campaigners call for further reform of insurance market

5th November 2019

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 […]

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