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Wednesday 4 October 2023 Dublin: 16°C

# Department of Finance

All time
The Department of Finance spent €3.6 million on consultancy fees in the last year
Legal fees related to the Bank Guarantee account for much of the expenditure, but other consultancies cost the State around half a million euro.
Taoiseach won't say if record-keeping methods have changed in his department
Enda Kenny has bemoaned the “paucity” of documentation in his Department related to the previous government’s decision to issue a bank guarantee in September 2008 but won’t say if record-keeping methods have changed.
Over €5 million spent on bank guarantee legal advice since 2011
Over €5 million has been spent with one legal firm alone since 2011 on advice related to the controversial bank guarantee scheme of 2008.
Irish Life sale boosts exchequer surplus in July
The €1.3 billion sale of Irish Life held a exchequer surplus last month of €1.43 billion as tax take in July was lower than predictions.
Irish Exporters Association: 2014 must be the last year of austerity
The association said that if the government succeeds in creating more jobs, more harsh cuts should not be needed.
Department: Property tax will not be handed to the bondholders
A report today claimed that Minister Michael Noonan said the money will be used to reduce our deficit rather than to fund local services.
Ireland "approaching best practice in fiscal reporting" - IMF
According to the IMF, Ireland’s general government fiscal data are “generally reliable”.
51 convictions for illegal tobacco sale and smuggling so far this year
Over 11 million cigarettes and 2,913kgs of tobacco have been seized by Revenue.
Taxman rakes in €17.6bn in last six months despite missing excise, VAT targets
The Department of Finance said the tax profile is helped by the collection of €126 million in Property Tax receipts.
Video: Howlin angrily pushes camera away as he is confronted over bank inquiry
The Minister for Public Expenditure and Reform was confronted by protesters outside the Department of Finance earlier today.
Aaron McKenna: A fair flat tax will save you money – and save the country
Ireland’s byzantine tax system creates perverse economic incentives that allow the super rich to exploit tax loopholes that widen social inequalities – it’s time for a simple and fair tax system, writes Aaron McKenna.
One cent tax on texts could have raised €590m in the last five years
Estimates from the Department of Finance were based on placing a one cent tax on the 59 billion text messages that have been sent over the last five years.
Ireland spends €11.8 million to mint coins worth... €7.1 million
Department of Finance figures show Ireland’s minted 713 million 1c coins since 2004 – coins which cost 1.65c to mint.
Over 1,500 seizures of counterfeit goods have been made already this year
Finance Minister Michael Noonan said there are no proposals to increase penalties for the crime.
Revenue and Finance Department deny tax deal with Apple
Tánaiste Eamon Gilmore claims Ireland’s tax system is “very transparent”.
Ireland's banks are borrowing less and less from the ECB
New figures show Ireland’s banks are now less reliant on emergency loans than at any other time since September 2008.
The NAMA advisors who work for free cost €23,000 last year
Hotels, travel and subsistence cost meant that the NAMA advisory group, which works pro-bono, cost thousands of euro last year.
Howlin: 'Many an important economic issue resolved over a mug of tea'
Brendan Howlin says it would be impossible for one minister to deal with the workload he shares with Michael Noonan.
NTMA paid PR company €630,000 to "keep taxpayers in the dark"
NAMA and NTMA paid more than €630,000 to one media relations company since 2010
Opponents say Irish Stability Programme Update is further proof that austerity isn't working
Sinn Féin’s Pearse Doherty said that government’s reduced forecast had shown that its current policy of austerity was not working.
One Irish town to experiment with scrapping 1c and 2c coins
The Central Bank’s new ‘National Payments Plan’ says Ireland could save €1bn by using more electronic payments.
Labour MEPs call on government to release information about IBRC liquidation
MEP Phil Prendergast said that “a blanket refusal policy would serve only to heighten distrust in government and in the ECB.”
Deficit beats Troika target but debt-to-GDP ratio to be higher this year
The Department of Finance has revised its deficit target for 2013 in light of better than expected figures in the latest Maastricht returns.
Committee to discuss banking crisis with Dept of Finance and Central Bank
The committee will meet this morning with officials from the Dept of Finance and Central Bank of Ireland
Ireland likely to contribute additional €100 million due to EU budget shortfall
THE EU is looking for an additional €11.2 billion from its member states to cover unpaid claims from 2012.
Eurozone ministers: We'll change repayment date for Ireland's bailout loans
The Department of Finance says the move will make it easier for Ireland to emerge from the bailout programme.
Property tax: Seller faces €500 fine if they under-declare value of home
A buyer who discovers that the person who sold them the house under-declared its value when paying the tax will be required to inform Revenue which will then pursue the seller, the Department of Finance said.
Ireland and the ECB reach a deal on promissory note - report
“We have not received formal confirmation of precisely what is to be agreed,” Ruairí Quinn told the Dáil.
Hayes: "Substantial contingency planning" by government on IBRC
He also said that Ireland is the most likely country to get back to the markets due to the “extraordinary patience and hard work” of its people over the last five years.
Exchequer figures show slight fall in government income in January
A €1 billion sale of Bank of Ireland notes means Ireland recorded an Exchequer surplus for January 2013.
Everything you need to know about the promissory notes, but were afraid to ask
You have been and will be hearing a lot about promissory notes in the coming weeks but what’s it all about? We’ve taken your questions, come up with some of our own and asked the experts…
Here is how much was won on Prize Bonds last year
The amount has increased significantly over the past three years as people sought safe places to put their money.
MEP criticises two government departments over tobacco industry meetings
The Department of Finance said each year its officials meet with representatives of all industries in the run up to the Budget.
Government says it can't remove VAT on defibrillators
“Taxing defibrillators is like putting a tax on saving lives”: the 23 per cent VAT rate which Government says can’t be lifted because of an EU directive.
Eurozone finance ministers agree to examine Ireland's loan repayments
The deal has been hailed by finance minister Michael Noonan as having the potential to save Ireland billions of euro.
ECB borrowing by Irish banks at lowest level since September 2008
Having reached its peak immediately after the bailout November 2010, the share of the total ECB funding by banks is now 6.3 per cent.
Transport, texts and telecommuting: The week in numbers
How many SMS messages are sent in Ireland every second? And how many times could Greece buy Sergio Aguero?
Department of Finance issues warning over hoax calls offering €2,000 refund
The caller tells recipients they are due the refund but will need to deposit €250 into a bank account in order to receive it.
Prospect of October Budget welcomed amid calls for more open process
Budget 2013 is less than a week old but already thoughts are turning to Budget 2014 and the possibility it could be held earlier than December next year.
Opposition parties hit back at criticism of their alternative budgets
The government claims neither of the two main opposition parties had their pre-budget submissions fully costed but this has been described as a “complete red herring” by Fianna Fáil.