Minister Donohoe publishes economic forecasts for Budget 2021

The Department of Finance’s Budget 2021 forecasts show that both Covid-19 and a disorderly end to the ‘transition period’ will have a significant impact on the Irish economy; Modified domestic demand – proxy for domestic economy to fall by -6.5 per cent this year; GDP is projected to fall by -2.5 per cent in 2020 […]

Tánaiste and Ministers for Finance and Public Expenditure & Reform Meet CEOs of AIB, Bank of Ireland, Ulster Bank, KBC, PTSB and the BPFI

The Tánaiste, Leo Varadkar TD, the Minister for Finance, Paschal Donohoe TD, and the Minister for Public Expenditure and Reform, Michael McGrath TD, held a virtual meeting today with the CEOs of the country’s retail banks and the Banking Payments Federation. The meeting discussed payment breaks, options for borrowers post payment breaks and overall credit […]

Dublin City Council Housing Assessment 2020

Dublin City Council has begun the process of preparing a new Housing Needs Assessment for 2020.   The first step in this is the writing to housing applicants earlier this month to establish the status of your current circumstances and whether you still require alternative housing. The correspondence sent by the Council includes a Social […]

New Bus Services Plan published by the National Transport Authority

Yesterday, the National Transport Authority published details of the finalised plan for the BusConnects New Dublin Area Bus Network. This plan relates solely to bus services only and not the Core Bus Corridors projects (bus lanes and cycle lanes/tracks). The next round of public consultation, I understand, for the Core Bus Corridors projects will be […]

Minister Donohoe notes EU Commission’s decision to appeal Apple State aid case to the Court of Justice of the EU

The Minister for Finance, Paschal Donohoe TD, today (Friday) notes the European Commission’s decision to lodge an appeal with the Court of Justice of the European Union (CJEU) challenging the judgement of the General Court of the European Union (GCEU) in the Apple State aid case. The facts of the case, as established by the […]

Minister Donohoe encourages companies in need to apply for the Employment Wage Subsidy Scheme  

Decision in respect of treatment of tax liabilities by Revenue for recipients of the Temporary Wage Subsidy Scheme and the Pandemic Unemployment Payment welcome The Minister for Finance, Paschal Donohoe, TD, has today (Friday) announced that 36,746 employers have now registered for the Employment Wage Subsidy Scheme (EWSS). He issued a reminder to all employers […]

Minister for Finance publishes Draft Investment Limited Partnerships (Amendment) Bill 2020

Aim of Bill is to promote investment, secure Ireland’s competitiveness and enhance our regulatory environment in international financial services   The Government has approved the draft text and publication of the Investment Limited Partnerships (Amendment) Bill 2020. The modernization of the Investment Limited Partnership Act is a longstanding priority of the Ireland for Finance Strategy […]

Ministers Donohoe & McGrath announce Budget 2021 Strategy

Budget 2021 will focus on providing further support to the economy; Decisions will prioritise management –of the Covid-19 pandemic and Brexit; Any further measures will be targeted at the three priorities in the Programme for Government – health, housing and climate change; We will base the Budget on the assumption of a disorderly Brexit; There […]

Minister Donohoe announces deferral of revaluation date for Local Property Tax (LPT) to 1 November 2021

The Minister for Finance, Paschal Donohoe TD briefed his government colleagues yesterday (Tuesday) on his decision to defer the valuation date for Local Property Tax (LPT) from 1st November 2020 to 1stNovember 2021.  This decision means that taxpayers will not be faced with increased LPT bills for 2021.  The deferral of the valuation date will […]

Minister Donohoe to chair first meeting as President of the Eurogroup

The Minister for Finance, Paschal Donohoe T.D. will this week (Friday) chair his first meeting as the new President of the Eurogroup. The meeting will take place as part of the Informal Meeting of EU Ministers for Economic and Financial Affairs and Eurogroup meeting in Berlin.   The post-meeting press conference conducted by President Donohoe […]