Minister Donohoe undertakes programme of Eurogroup Presidency official visits

For the first time Minister Donohoe will present at Euro Summit as President of the Eurogroup The Minister for Finance, Paschal Donohoe TD, will travel to France, Luxembourg, and Belgium between 9th and 11th December on a programme of official visits, including the Euro Summit, in his capacity as President of the Eurogroup.   In […]

Extension to ‘pay and file’ deadline leads to large November tax shortfall, while Government supports continue to increase – Donohoe & McGrath

Today’s Exchequer figures show that tax revenues in November were down €1.4 billion, or 14 per cent, on the same month last year; November is the single largest month for tax receipts, but the ‘pay and file’ deadline extension, level 5 restrictions and the return of funds set aside for the Covid Restrictions Support Scheme […]

Minister Donohoe to introduce Finance Bill Report Stage Amendment on accelerated capital allowances for farm safety equipment

Need to proritise amendment due to fact that half of all fatal workplace incidents occur in the agriculture, fishing and forestry sector   The Minister for Finance, Paschal Donohoe TD, has today (Friday) confirmed that he is to bring a Report Stage Amendment to Finance Bill 2020 in order to introduce accelerated capital allowances for […]

Minister Donohoe publishes paper outlining Ireland’s budgetary response to Covid

The Minister for Finance, Paschal Donohoe TD, has today (Thursday) published ‘Taking Stock: The Fiscal Response to Covid-19’, which outlines the totality of the Irish Government’s budgetary response to the pandemic.  The Government has responded to pandemic-induced crisis in an unprecedented and extraordinary way.  Making use of the three avenues available— direct public expenditure, the […]

European Commission decision on temporary equivalence for Ireland’s Central Securities Depository welcome

Move will reassure the market that Ireland continues to be a well-connected and stable environment for investment and trading The Minister of Finance, Paschal Donohoe T.D. and Minister of State with responsibility for Financial Services, Credit Unions and Insurance, Seán Fleming T.D., today welcomed the decision of the European Commission to extend temporary equivalence to […]

Minister Donohoe announces additional ‘restart week’ under Covid Restrictions Support Scheme to assist businesses in reopening

The Minister for Finance, Paschal Donohoe TD, has today (Wednesday) announced an enhancement to the Covid Restriction Support Scheme (CRSS) whereby businesses can claim for an additional one week payment to assist them in reopening after a period of Covid restrictions.   The extra week which will be provided for by way of an amendment […]

Credit Demand Survey gives valuable insight into understanding of Irish SME Covid-19 landscape – Donohoe

The Minister for Finance, Paschal Donohoe TD, has today published the latest in its series on SME Credit Demand Surveys which covers the period March – October 2020. This survey series is currently being conducted by Fitzpatrick Associates in conjunction with Behaviour and Attitudes, on behalf of the Department of Finance.   It is the […]

O’Devaney Gardens redevelopment – Progress Report

In July 2018, I, along with the Housing Minister, local Councillor Ray McAdam and others, marked the turning of sod in O’Devaney Gardens which began the redevelopment of the Council-owned lands.   Much progress has been made since then with Carey Construction progressing well since the economy re-opened in June following the first lockdown due […]

Minister Donohoe notes continued impact of the pandemic on people’s livelihoods in Q3 jobs numbers

The official seasonally adjusted unemployment rate stood at 6.7 per cent in the third quarter, up from 4.9 per cent for the same period in 2019. The official level of employment fell by -1.4 per cent (-31,700) year-on-year to 2.3 million persons. Impact on employment is reflected in total actual hours worked – down by […]

Claims process opens tomorrow for Covid Restrictions Support Scheme to support businesses significantly impacted by Covid Restrictions – Donohoe

The Minister for Finance, Paschal Donohoe TD, has today (Monday) welcomed the announcement by the Revenue Commissioners that the claims process for businesses registered for the Covid Restrictions Support Scheme (CRSS) will open tomorrow, Tuesday 17th November.   There are two steps required to make a claim under the CRSS. The qualifying person must first […]