Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Monday 4 December 2023 Dublin: 5°C

# Department of Finance

October 2023
Budget 2024 confirmed tax & USC changes and a significant cigarette price hike
The Finance Minister said Budget 2024 has been “framed against the backdrop of considerable global uncertainty”.
Budget 2024: Here are the main points you need to know
The Government has confirmed a range of measures.
Public finance surplus of over €9.6 billion projected for this year
The figure was contained in the Department of Finance’s White Paper.
New legislation will allow credit unions to take part in loan syndications
Credit unions will also be given powers to refer members to another credit union in situations where it could not provide the service the customer was requesting.
Corporation tax receipts fall to €1.8 billion in September, exchequer returns show
It is the second consecutive month in which corporate tax declined year-on-year.
This year
Fewer than 50,000 renters have claimed the Rent Tax Credit so far this year
A report by
Cormac Fitzgerald
The figures come as the Government contemplates doubling the amount available for renters to claim back in next month’s Budget.
Minister says €1 billion drop in corporation tax highlights ‘vulnerabilities’ in public finances
Corporation tax receipts this August dropped by 36% when compared to last August.
Ireland's economy grew in the last quarter, new figures show
Ireland’s modified domestic demand grew by 1% relative to the first quarter of the year.
Finance Minister wants 'full account' of what happened with BOI glitch
The glitch saw Bank of Ireland customers able to withdraw more money than what was available in their accounts.
Dept of Finance says govt can't do anything about banks paying low interest rates to savers
According to comparison site the best interest rate for savers in Irish banks at the moment is 2%
Irish Government campaigning to make Dublin base for EU anti-money laundering watchdog
The EU’s Anti-Money Laundering Authority (AMLA) employs 500 people.
VAT reduction on sport and exercise classes considered by government for upcoming budget
A reduced VAT rate of 13.5% is available for yoga classes and could extend to other classes subject to the standard VAT rate.
'Weight-based' tax for cars considered to offset the annual €1.5b cost of switching to EVs
Recent reports suggest the introduction of an increase to registration tax, congestion charges and weight-based charges.
Irish State sells off 5% of shares in PTSB raising €55.2 million
The Irish State bailed out the bank after the crash in 2008.
Government approves zero VAT rate for the supply and installation of solar panels
The abolishment of the VAT rate will bring the average price of solar panel installation down by €1000, according to Government estimates.
Corporation tax up 71% in the first quarter of 2023 - but half of it is 'unlikely to be permanent'
However, Finance Minister Michael McGrath has said around half of that tax take is unlikely to be permanent.
Irish Financial Stability Group to monitor effects of SVB collapse on Ireland
The bank had a significant number of Irish businesses among its clients but retail banks in Ireland have no exposure to SVB.
Department of Finance ‘monitoring developments’ of collapsed Silicon Valley Bank
The Department said there is ‘limited direct impact on the Irish financial system’.
Domestic economy entered 'technical recession' last year but is still up 8.2%
Despite entering a technical recession, the domestic economy grew by 8.2% using the government’s preferred metric.
Ireland has one of the highest per capita debt burdens in the world, around €44,250 per citizen
The burden of public debt for each person in Ireland was around €8,000 higher than the euro area average in 2022.
Last year
'Serious concern' as Central Bank issues €738m to government in excess of funds available
The incident occurred following spending oversight from the Department of Finance and the Central Bank.
Exchequer surplus of €7.3 billion recorded in year to the end of October
This compares to a deficit of €7.4 billion in the same period last year.
Committee to be told concrete levy will add €1,200 to cost of the 'most common house types'
The SCSI will tell the committee that the levy will ‘challenge the viability of construction projects’.
Tax revenues for first nine months of the year just under €58 billion
This is up €12 billion on the same period last year, according to the Department of Finance.
Public finance surplus of over €4.4 billion projected for this year
Ireland’s finances are in rude health, even compared with projections from earlier this year.
Budget 2023: What can we expect in next week's package?
Next week’s budget is set to be split in two, with one-off cost-of-living measures expected to be included.
Ministers who breach 'cooling-off' period before lobbying could soon be fined €25k
There was controversy over Michael D’Arcy taking up a top job in the Association of Investment Managers.
Ireland reports record €68.4 billion tax take for 2021 - an annual increase of almost 20%
That’s according to exchequer returns for December published by the Department of Finance this afternoon.
All time
Housing minister has had no discussions about cuckoo fund trade shows, says Dept
The Department of Finance has said the Housing for All plan states that it will engage with institutional investors, including through trade show events.
'No plans to reinstate' transport schemes for disabled people that activists say are 'vital'
The Motorised Transport Grant and Mobility Allowance schemes remain closed after a review was recommended over eight years ago.
Accountability regime for top bankers 'to be in place within 18 months'
The new laws will give the Central Bank more power to tackle individuals for wrongdoing.
Incomings and outgoings: Here is a very (very) basic guide to the State's finances
How has Covid hit the State coffers so far?
No increase in income tax planned, says finance minister
Paschal Donohoe was speaking about what the upcoming Budget might look like.
Government u-turns on exclusion of proprietary directors from wage subsidy scheme
The Employment Wage Subsidy Scheme initially excluded people who were proprietary directors of a company.
What's in it for me? — Everything you need to know about the government's July stimulus package
There were few surprises in today’s announcement.
Covid-19 brought major changes to labour market by end of first quarter, CSO stats show
Employment levels were down to 1.75 million people by the end of April.
Paschal Donohoe to meet with five main banks about coronavirus plans
AIB, Bank of Ireland, KBC, Permanent TSB and Ulster Bank will meet Department of Finance officials at 4pm.
Economic disaster, diaries and hand-dryers: Inside the most powerful government department
From the Cuban Missile Crisis to Roger Casement statues, the Department of Finance is involved in nearly every government decision.
A massive shock to corporation tax could cost Ireland as much as €6bn a year
That’s according to a Department of Finance paper exploring ‘extreme’ but plausible scenarios.
Government admits its hands are tied even as leisure sector warns of insurance 'crisis'
The leisure and tourism sectors have expressed serious concerns over the withdrawal of a major insurance provider from the market.