Budget 2025

The top 10 Corporation Tax payers accounted for 52% of the country's total Corporation Tax take last year

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

Budget 2024 was for the second year in a row the largest social protection budget in the history of the State

€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

The Department of Finance's Tax Strategy Group paper shows that increasing primary universal tax credits by 4.5% or €85 would cost €415m in the first year and €485m a year after that

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

Gerry Hynes of Carlow College of Further Education, Committee member Roy Kennedy of Black Amber hair salon, President of the IHF Lisa Eccles (Zinc Hair and Beauty) and Vice President Mark O'Keeffe (Brown Sugar)

Irish Hairdressers Federation calls for cut to VAT rate

The Irish Hairdressers Federation, which represents over 500 salon owners nationwide, has called on Minister for Finance Jack Chambers to safeguard the future of the hairdressing industry in the October Budget.

Business • 22 Jul 24

Supermac's Managing Director Pat McDonagh wants the 9% VAT rate back

McDonagh calls for 9% VAT rate to be brought back

Supermac's Managing Director Pat McDonagh has called on the Government to reintroduce the 9% VAT Rate for the hospitality sector in Budget 2025.

Business • 22 Jul 24

The key focus of the current debate is around the family home and those inheriting it

Are inheritance tax changes a dead cert in Budget 2025?

The issue of inheritance tax and more specifically the size of it has come into sharp focus in recent weeks, as politicians and those who elect them, begin to turn their focus towards October's budget, writes Business Editor Will Goodbody.

Analysis and Comment • 20 Jul 24

The Digital Game Tax Credit offers companies developing digital games a tax credit of up to 32% per qualifying game

Government urged to change digital game tax credit

The Government is being urged to make changes to a digital game tax credit launched in 2022 in order to make it more attractive to the industry.

Business • 16 Jul 24

Overruns in health this year look likely to be higher than the €1.5 billion assumed IFAC said

Govt adopting 'everything now' approach to budget - IFAC

The State's fiscal watchdog has claimed that the Government is adopting an 'everything now' approach of current spending increases, tax cuts and increased investment for next year's budget.

Business • 10 Jul 24

Minister for Public Expenditure Paschal Donohoe and new Minister for Finance Jack Chambers announced the Summer Economic Statement earlier

Additional €8.3bn funding for use in Budget 2025

The Government is to make €8.3 billion in additional funding available for use in Budget 2025, its last before the next general election.

Business • 22 Jul 24

Gabriel Makhlouf has sent his annual pre-budget letter to the Minister for Finance

Makhlouf urges Govt to stick to spending rule in budget

The Governor of the Central Bank has urged the Government to stick to its own rule limiting the overall annual increase in spending to 5% in the upcoming budget.

Business • 05 Jul 24

Taoiseach Simon Harris said it "makes sense" to change the date of the Budget

Early Budget does not mean end of year election - Harris

Taoiseach Simon Harris has said that bringing the Budget forward does not mean there will be a general election by the end of the year.

Politics • 04 Jul 24

Ibec's Executive Director of Lobbying and Influence, Fergal O'Brien

Ibec urges Govt not to use budget for election giveaway

Employers organisation Ibec has urged the Government to resist the urge to use October's budget for a pre-election giveaway and instead focus on the strategic needs of the economy.

Business • 26 Jun 24

In its Budget submission today, Savills said the Help to Buy should be extended until December 2028

Savills calls for extension of Help to Buy Scheme

Property advisor Savills Ireland has called for an extension of the Help to Buy scheme, the easing of rental caps and a cut in the rate of commercial stamp duty in its Budget 2025 submission.

Business • 26 Jun 24

Governor Gabriel Makhlouf said tax cuts or spending increases could boost consumption - which had the potential to stoke inflation

Budget should not fuel inflation - Central Bank Governor

The Government should avoid fueling inflation with its Budget 2025 package, the Governor of the Central Bank has said.

Business • 07 Jun 24

Budget 2025

Top 10 Corporation Tax payers paid €12.3 billion in tax

€1 rise in main social welfare rates could cost €142m p.a

Indexing personal tax system would cost €1 billion a year

Irish Hairdressers Federation calls for cut to VAT rate

McDonagh calls for 9% VAT rate to be brought back

Are inheritance tax changes a dead cert in Budget 2025?

Government urged to change digital game tax credit

Govt adopting 'everything now' approach to budget - IFAC

Additional €8.3bn funding for use in Budget 2025

Makhlouf urges Govt to stick to spending rule in budget

Early Budget does not mean end of year election - Harris

Ibec urges Govt not to use budget for election giveaway

Savills calls for extension of Help to Buy Scheme

Budget should not fuel inflation - Central Bank Governor

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