Govt revenue from taxing fossil fuels expected to drop New documents published by the Department of Finance have warned that the Government's revenue from taxing fossil fuels will drop as consumers move to using electric cars and heat pumps. Business • 24 Jul
Govt revenue from taxing fossil fuels expected to drop New documents published by the Department of Finance have warned that the Government's revenue from taxing fossil fuels will drop as consumers move to using electric cars and heat pumps. Business • 24 Jul
VAT rate cut for hospitality would cost €867.7m a year The Department of Finance has confirmed the cost of reducing the 13.5% VAT rate to 9% for the hospitality sector would be €867.7m in a full year. Business • 24 Jul
VAT rate cut for hospitality would cost €867.7m a year The Department of Finance has confirmed the cost of reducing the 13.5% VAT rate to 9% for the hospitality sector would be €867.7m in a full year. Business • 24 Jul
Dept does not recommend car parking levy for workers The Department of Transport does not recommend implementing a car parking levy at this time and favours other tax-based measures to discourage private car use by workers. Business • 23 Jul 24
Dept does not recommend car parking levy for workers The Department of Transport does not recommend implementing a car parking levy at this time and favours other tax-based measures to discourage private car use by workers. Business • 23 Jul 24
9% VAT for tourism and hospitality unjustified - Dept The Department of Finance believes reinstating the 9% VAT rate for tourism and hospitality businesses remains "unjustified". Business • 23 Jul 24
9% VAT for tourism and hospitality unjustified - Dept The Department of Finance believes reinstating the 9% VAT rate for tourism and hospitality businesses remains "unjustified". Business • 23 Jul 24
Excise on alcohol generates €1.26 billion for Exchequer Increasing excise duty on a pint of beer by one cent would yield €6.6m for the Exchequer, new data shows. Business • 23 Jul 24
Excise on alcohol generates €1.26 billion for Exchequer Increasing excise duty on a pint of beer by one cent would yield €6.6m for the Exchequer, new data shows. Business • 23 Jul 24
Diesel excise gap cost €400m a year - Tax Strategy Group The lower rate of tax applied to diesel fuel when compared to petrol costs the Exchequer roughly €400m a year, according to the Tax Strategy Group. Business • 23 Jul 24
Diesel excise gap cost €400m a year - Tax Strategy Group The lower rate of tax applied to diesel fuel when compared to petrol costs the Exchequer roughly €400m a year, according to the Tax Strategy Group. Business • 23 Jul 24
'Appropriate time' to amend inheritance taxes - tax group Now may be an appropriate time to consider how the tax framework governing inheritance and gift taxes can be amended to simplify it and make it more efficient from a taxpayer perspective. Business • 23 Jul 24
'Appropriate time' to amend inheritance taxes - tax group Now may be an appropriate time to consider how the tax framework governing inheritance and gift taxes can be amended to simplify it and make it more efficient from a taxpayer perspective. Business • 23 Jul 24
Lack of awareness around tax supports for SMEs A lack of awareness around tax-based enterprise supports across the SME sector is impacting the uptake of the reliefs, a new report shows. Business • 23 Jul 24
Lack of awareness around tax supports for SMEs A lack of awareness around tax-based enterprise supports across the SME sector is impacting the uptake of the reliefs, a new report shows. Business • 23 Jul 24
Top 10 Corporation Tax payers paid €12.3 billion in tax The top ten Corporation Tax payers accounted for €12.3 billion in tax take last year, according to figures in a paper from the Tax Strategy Group. Business • 23 Jul 24
Top 10 Corporation Tax payers paid €12.3 billion in tax The top ten Corporation Tax payers accounted for €12.3 billion in tax take last year, according to figures in a paper from the Tax Strategy Group. Business • 23 Jul 24
€1 rise in main social welfare rates could cost €142m p.a Increasing all the main weekly personal rates of social welfare in October's budget by €1 would cost the exchequer an additional €71m a year. Business • 23 Jul 24
€1 rise in main social welfare rates could cost €142m p.a Increasing all the main weekly personal rates of social welfare in October's budget by €1 would cost the exchequer an additional €71m a year. Business • 23 Jul 24
Indexing personal tax system would cost €1 billion a year Indexing the entire personal tax system to ensure workers' rising wages are not eroded by an additional tax burden could cost the exchequer over €1 billion a year. Business • 23 Jul 24
Indexing personal tax system would cost €1 billion a year Indexing the entire personal tax system to ensure workers' rising wages are not eroded by an additional tax burden could cost the exchequer over €1 billion a year. Business • 23 Jul 24
Strong case for longer-term savings vehicle There is a strong case for establishing a longer-term savings vehicle to bridge the gap between today's temporarily strong revenue from corporation profit tax and tomorrow's forecasted permanently strong expenditure requirements. Business • 18 Jul 23
Strong case for longer-term savings vehicle There is a strong case for establishing a longer-term savings vehicle to bridge the gap between today's temporarily strong revenue from corporation profit tax and tomorrow's forecasted permanently strong expenditure requirements. Business • 18 Jul 23
TSG examines proposals to scrap PRSI min wage threshold The Tax Strategy Group paper on Pay Related Social Insurance (PRSI) examines proposals to scrap the minimum wage threshold for paying PRSI as well as abandoning the lower employer PRSI rate. Business • 18 Jul 23
TSG examines proposals to scrap PRSI min wage threshold The Tax Strategy Group paper on Pay Related Social Insurance (PRSI) examines proposals to scrap the minimum wage threshold for paying PRSI as well as abandoning the lower employer PRSI rate. Business • 18 Jul 23
Paper explores cost of hiking social welfare payments A €1 increase in the personal rates of all weekly paid social welfare schemes in October's budget would cost €69.4 million, according to new estimates. Business • 18 Jul 23
Paper explores cost of hiking social welfare payments A €1 increase in the personal rates of all weekly paid social welfare schemes in October's budget would cost €69.4 million, according to new estimates. Business • 18 Jul 23
Refundable tax credits could cost €1bn - TSG report The Tax Strategy Group paper on income tax has examined the issue of refundable tax credits. Business • 18 Jul 23
Refundable tax credits could cost €1bn - TSG report The Tax Strategy Group paper on income tax has examined the issue of refundable tax credits. Business • 18 Jul 23
Excise increase on diesel over 5 years possible - TSG A five year plan to increase excise on diesel to make it equal to petrol "remain valid options" to remove the excise gap, a Tax Strategy Group paper on environmental taxes finds. Business • 11 Aug 22
Excise increase on diesel over 5 years possible - TSG A five year plan to increase excise on diesel to make it equal to petrol "remain valid options" to remove the excise gap, a Tax Strategy Group paper on environmental taxes finds. Business • 11 Aug 22
Any vacancy tax should be applied nationwide - TSG Identifying vacant properties for the purpose of imposing a tax on them would be a particular challenge, a report by the Tax Strategy Group (TSG) finds. Business • 10 Aug 22
Any vacancy tax should be applied nationwide - TSG Identifying vacant properties for the purpose of imposing a tax on them would be a particular challenge, a report by the Tax Strategy Group (TSG) finds. Business • 10 Aug 22
Increasing VAT 'may have a negative impact on economy' Increasing VAT rates may negatively affect inflation, employment, the less well-off and impact on cross-border trade, according to the Tax Strategy Group. Business • 10 Aug 22
Increasing VAT 'may have a negative impact on economy' Increasing VAT rates may negatively affect inflation, employment, the less well-off and impact on cross-border trade, according to the Tax Strategy Group. Business • 10 Aug 22
Tax Strategy Group responds to cost of living increases The Tax Strategy Group paper on Social Protection sets out the option of a €15 increase in weekly social welfare payments in response to increases in the cost of living. Business • 10 Aug 22
Tax Strategy Group responds to cost of living increases The Tax Strategy Group paper on Social Protection sets out the option of a €15 increase in weekly social welfare payments in response to increases in the cost of living. Business • 10 Aug 22
Extension of 9% tourism VAT rate not expected Extending the 9% VAT rate for the tourism and hospitality sector beyond March next year is not envisaged by the Tax Strategy Group. Business • 10 Aug 22
Extension of 9% tourism VAT rate not expected Extending the 9% VAT rate for the tourism and hospitality sector beyond March next year is not envisaged by the Tax Strategy Group. Business • 10 Aug 22
Excise duty cut of one cent would cost Exchequer €6.2m Cutting excise duty on a pint of beer by one cent would cost the Exchequer €6.2m, according to new figures published by the Department of Finance. Business • 10 Aug 22
Excise duty cut of one cent would cost Exchequer €6.2m Cutting excise duty on a pint of beer by one cent would cost the Exchequer €6.2m, according to new figures published by the Department of Finance. Business • 10 Aug 22
'Difficult' to gauge cost of new corporation tax deal It remains very difficult to accurately estimate the financial impact on Ireland's decision to join the global international corporation tax reform deal, the Tax Strategy Group (TSG) said today. Business • 10 Aug 22
'Difficult' to gauge cost of new corporation tax deal It remains very difficult to accurately estimate the financial impact on Ireland's decision to join the global international corporation tax reform deal, the Tax Strategy Group (TSG) said today. Business • 10 Aug 22
'Substantial' income tax reduction in Budget - Varadkar The Tánaiste has said that the Budget will include a substantial income tax reduction package. Leo Varadkar said that the 30% tax rate for middle income workers is under consideration, but he warned that no measures have been decided on yet. Business • 11 Aug 22
'Substantial' income tax reduction in Budget - Varadkar The Tánaiste has said that the Budget will include a substantial income tax reduction package. Leo Varadkar said that the 30% tax rate for middle income workers is under consideration, but he warned that no measures have been decided on yet. Business • 11 Aug 22
Stamp Duty changes may boost tax take - strategy group Changing the Stamp Duty rules relating to residential properties could boost Exchequer tax take, while also reducing house prices and increasing the number of properties available to owner-occupiers, according to the Tax Strategy Group. Business • 16 Sep 21
Stamp Duty changes may boost tax take - strategy group Changing the Stamp Duty rules relating to residential properties could boost Exchequer tax take, while also reducing house prices and increasing the number of properties available to owner-occupiers, according to the Tax Strategy Group. Business • 16 Sep 21
No clear need for remote working tax breaks - report There may not be a need for tax breaks for remote working, a paper by the Tax Strategy Group has claimed. Business • 16 Sep 21
No clear need for remote working tax breaks - report There may not be a need for tax breaks for remote working, a paper by the Tax Strategy Group has claimed. Business • 16 Sep 21
