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Monday 4 December 2023 Dublin: 5°C

# Department of Finance

October
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”.
174
164k
Updated
Oct 10th 2023, 10:40 PM
Budget 2024: Here are the main points you need to know
The Government has confirmed a range of measures.
86
133k
Oct 10th 2023, 4:15 PM
Public finance surplus of over €9.6 billion projected for this year
The figure was contained in the Department of Finance’s White Paper.
55
11.4k
Oct 7th 2023, 6:00 AM
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.
29
19.8k
Oct 3rd 2023, 9:35 PM
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.
56
19.2k
Oct 3rd 2023, 4:57 PM
This year
2023
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.
13
12.3k
Sep 27th 2023, 12:02 AM
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.
120
29.3k
Sep 4th 2023, 7:30 PM
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.
44
9.3k
Sep 1st 2023, 3:03 PM
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.
62
15.7k
Aug 16th 2023, 12:57 PM
Dept of Finance says govt can't do anything about banks paying low interest rates to savers
According to comparison site Bonkers.ie the best interest rate for savers in Irish banks at the moment is 2%
61
21.6k
Aug 9th 2023, 6:29 PM
Irish Government campaigning to make Dublin base for EU anti-money laundering watchdog
The EU’s Anti-Money Laundering Authority (AMLA) employs 500 people.
40
17.1k
Aug 6th 2023, 7:00 PM
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.
26
9.6k
Jul 21st 2023, 3:10 PM
'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.
115
39.1k
Jul 19th 2023, 4:42 PM
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.
23
8.6k
Jun 2nd 2023, 11:03 AM
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.
29
18.6k
Apr 5th 2023, 1:56 PM
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.
32
11.6k
Apr 4th 2023, 5:19 PM
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.
0
5.7k
Mar 14th 2023, 8:35 PM
Department of Finance ‘monitoring developments’ of collapsed Silicon Valley Bank
The Department said there is ‘limited direct impact on the Irish financial system’.
2
8.0k
Mar 13th 2023, 9:55 AM
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.
5
10.2k
Mar 3rd 2023, 2:49 PM
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.
50
25.4k
Feb 3rd 2023, 10:31 AM
Last year
2022
'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.
15
34.5k
Dec 21st 2022, 1:08 PM
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.
24
14.1k
Nov 2nd 2022, 6:10 PM
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’.
18
8.2k
Oct 26th 2022, 6:00 AM
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.
28
19.8k
Oct 4th 2022, 8:30 PM
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.
21
16.2k
Sep 24th 2022, 10:35 AM
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.
32
88.0k
Sep 20th 2022, 6:00 AM
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.
16
11.3k
Feb 15th 2022, 6:00 AM
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.
38
26.2k
Jan 5th 2022, 4:31 PM
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.
15
9.9k
Nov 10th 2021, 3:27 PM
'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.
16
18.6k
Aug 7th 2021, 8:01 PM
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.
38
13.6k
Jul 27th 2021, 2:51 PM
Incomings and outgoings: Here is a very (very) basic guide to the State's finances
How has Covid hit the State coffers so far?
3
19.1k
Oct 13th 2020, 7:00 AM
No increase in income tax planned, says finance minister
Paschal Donohoe was speaking about what the upcoming Budget might look like.
42
25.8k
Sep 3rd 2020, 9:58 PM
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.
23
34.4k
Jul 31st 2020, 7:02 PM
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.
37
59.2k
Jul 23rd 2020, 8:05 PM
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.
5
9.6k
May 21st 2020, 4:49 PM
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.
61
20.1k
Mar 18th 2020, 8:39 AM
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.
12
19.2k
Jan 5th 2020, 10:00 PM
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.
0
497
Oct 10th 2019, 10:07 AM
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.
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32.2k
Jul 22nd 2019, 3:46 PM
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