Minister Donohoe secures agreement to draft Central Bank (Individual Accountability Framework) Bill

Bill aims to improve accountability in the financial sector The Minister for Finance, Paschal Donohoe TD, this morning (Tuesday) received agreement from his Cabinet colleagues to approve the drafting of the Central Bank (Individual Accountability Framework) Bill, the main purpose of which is to improve accountability in the financial sector. There are four main aspects […]

Minister Donohoe encourages businesses to apply for enhanced restart payment under CRSS on reopening

Maximum amount that may be claimed for each week has been increased from €5,000 to €10,000 Total maximum payment is €30,000 Following the announcement by the Government last week that indoor hospitality may reopen from today, the Minister for Finance, Paschal Donohoe TD, reminds businesses who may now reopen that they can make a claim […]

Minister Donohoe reminds business owners of extension of tax debt warehousing scheme

As business owners fall due to file returns Minister Donohoe takes opportunity to remind them of need to continue to file returns on time Following the signature of the Finance (Covid-19 and Miscellaneous Provision) Act into law on 19th July, Minister for Finance, Paschal Donohoe has today (Friday) reminded business owners that the time during […]

Speech to the Economist Gala Dinner, Greece

Kalispera (good evening)  Efkaristo (thank you) for the invitation to address you this evening. It is an absolute privilege to be here in Athens. It is also a particular honour to visit Greece as you mark the 200th anniversary of the beginning of Greece’s journey to independence. I am also delighted to meet this evening […]

Statement following Permanent TSB’s announcement that it has signed a MoU with NatWest Group regarding Ulster Bank

The Minister for Finance, Paschal Donohoe TD, notes today’s statement by Permanent TSB (PTSB) that it has signed a non-binding Memorandum of Understanding (MoU) with NatWest Group in relation to the potential acquisition of certain Ulster Bank loan portfolios, and other related assets. Whilst acknowledging that significant further work is required before a final transaction […]

Eurogroup President Donohoe travels to Cyprus and Greece for discussion on Euro Area recovery

The Minister for Finance and President of the Eurogroup, Paschal Donohoe, T.D., will travel to Cyprus and Greece this week for a series of bilateral meetings and speaking engagements. Today (Thursday, 22 July), Minister Donohoe will meet with the President of the Republic of Cyprus, Nicos Anastasiades, as well as meeting his fellow Finance Minister, […]

Statement by Minister Donohoe following Bank of Ireland’s announcement that it has reached agreement to acquire Davy

Transaction will be good for the Irish economy and Bank of Ireland as well as bringing certainty to Davy’s future Following the announcement by Bank of Ireland earlier today (22nd July) that it had reached agreement to acquire most of the business of leading financial services provider Davy, the Minister for Finance, Paschal Donohoe TD, […]

Government waives court fees and excise duties for vintners for 2021

Pubs, Bars, Nightclubs and Restaurants to benefit by approx. €10m Second consecutive year that waiver has been granted   The  Minister for Finance, Paschal Donohoe, TD, and the Minister for Justice, Heather Humphreys TD, are pleased to announce that Government has approved a waiver of court fees and excise duties for vintners for the second […]

Ministers Donohoe & Fleming welcome publication of Central Bank’s Differential Pricing Review Final Report

Ministers Donohoe and Fleming welcome the Central Bank of Ireland’s Final Report and Public Consultation on Differential Pricing in the Motor and Home Insurance Markets and seek swift action by Insurers The Minister for Finance, Paschal Donohoe TD, and the Minister of State with responsibility for Financial Services, Credit Unions and Insurance, Seán Fleming TD, […]

Minister Donohoe launches Public Consultation on the OECD International Tax Proposals

On 1 July 2021, the OECD Inclusive Framework reached agreement but not unanimous consensus on key aspects of the two-pillar solution to address tax challenges arising from digitalisation and globalisation.   Ireland has been clear in expressing our broad support for the agreement but have expressed our reservation in particular about the proposed global minimum […]