2022 saw a record amount of taxes collected in Ireland. Luckily, this also means an increase in tax returns to aid those struggling with Ireland’s current financial state. The following articles contain all you need to know about the changes to taxes in Ireland. Exchequer collected record €83bn in tax last year A record amount…
Tag Archives: tax revenue
Euro zone finance ministers have agreed to tighten fiscal policy a little next year after three years of pumping billions into the economy due to the coronavirus pandemic, but also to be ready with more cash should the war in Ukraine make it necessary. “The fundamentals of the euro area economy are strong,” the ministers…
Fuels for Ireland, the industry body for fuel suppliers and retailers, has written to Taoiseach Mícheál Martin to express its members’ deep unhappiness at what it claims have been misleading statements about the sector. The organisation also said that comments made by Mr Martin suggesting the actions of the organisation’s members were morally reprehensible should…
The annual rate of inflation rose to 5.6% in February, according to the latest figures from the Central Statistics Office. This is the highest annual rate in almost 21 years. Today’s CSO figures show that the main contributor to inflation remains fuel and energy. Unfortunately, inflation is almost certain to climb higher because February’s figures…
The European Central Bank has scaled back its bond-buying stimulus plan in response to inflation being driven up by the war in Ukraine, while giving itself more flexibility on the timing of a potential interest rate rise this year. “The Russian invasion of Ukraine is a watershed for Europe,” the ECB said in a statement…
The price of petrol and diesel has been reduced since midnight. Late last night, the Dáil voted in favour of a cut in excise on petrol and diesel. The reduction is 20 cent per litre on petrol, 15 cent per litre on diesel and a cut of 2 cent per litre on green diesel. The…
It is expected that a proposal will go before the Dáil today that will cut fuel costs through a reduction in excise duties. The changes would then take effect from midnight if, as expected, the Dáil passes the financial resolution. Work was ongoing at the Department of Finance late last night on proposals to decrease…
Measures to give electricity users a €200 credit on their bills has been signed into law and it is expected that people will start receiving the discount from next month. The €200 credit, designed to soften the blow of rising energy costs, will be listed on people’s bills as a €176.22 credit line – but…
Oil prices soared more than 9% today, touching their highest since 2008, as the US and European allies mull a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled tight supply fears. Brent crude futures jumped $12.61, or 10.6%, to $130.72 a barrel early this morning. US…
This week was a busy one in the Irish banking landscape as AIB, Bank of Ireland and Permanent TSB all reported annual results for 2021. There were many angles arising – from a return to profits, to the resumption of dividends, and progress on the purchase of new assets, to the reduction of the State’s…