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Wednesday 6 December 2023 Dublin: 6°C

# windfall tax

This year
Italy to amend controversial bank tax following widespread criticism
The ECB warned that the tax could make banks more vulnerable to future economic shocks.
Varadkar: Energy price reductions must go further this winter
The Taoiseach and Minister Eamon Ryan met with four of Ireland’s largest energy companies this afternoon.
Irish government dismisses suggestion of Italian-style windfall tax on bank profits
The future of Ireland’s existing bank levy will be decided in the Budget.
Windfall tax on retailers who post huge profits being examined - Varadkar
Windfall taxes have been imposed previously by the government on energy companies and special dividends.
Ryan says windfall tax will help with electricity bills, but fails to commit to more energy credits
It is intended that the legislation would be enacted before the summer recess and first proceeds are expected to be collected in September.
Last year
Cabinet green lights windfall tax on energy companies
Revenue above a certain cap will be collected and used to support consumers facing expensive bills.
Cabinet expected to sign off on windfall tax on electricity companies
A memo will be brought to Cabinet tomorrow seeking to introduce a cap on market revenue on non-gas electricity generators.
Windfall tax will be backdated but it's unclear how much money levy will raise, say leaders
The Taoiseach says it is still unclear how much money the levy will raise.
Government to consider EU’s windfall tax plans as part of budget
European Commission President Ursula von der Leyen is to set out detailed plans.
Taoiseach says Government will consider windfall tax on energy companies in Budget
Energy prices have soared for households in recent months.