The Minister for Enterprise, Trade and Employment, Simon Coveney, has welcomed the new entitlement to employer paid sick leave which comes into effect. Workers will now be entitled to up to 3 days of employer-paid sick leave in a year, paid at 70% of gross salary up to a cap of €110 per day. Minister […]
As the year end approaches now is an ideal time for PAYE workers to look ahead to 2023 and review their tax affairs to ensure they are maximising their entitlements to tax credits and other reliefs. Claire Davey, Director, People Services, KPMG Tax, provides some key insights. What Revenue Facilities are Available for PAYE Workers? […]
Interpath Advisory, a financial advisory business, has appointed a trio of Managing Directors to its business across the island of Ireland. Ken Fennell and Mark Degnan arrive in the firm’s Irish wing, while Stuart Irwin joins in Northern Ireland. Since its launch following the sale of KPMG’s UK Restructuring business in May 2021, Interpath has opened 13 offices across the
The Minister for Public Expenditure and Reform, Michael McGrath TD, together with the Southern Regional Assembly, Northern and Western Regional Assembly and the Eastern and Midlands Regional Assembly, launched Ireland’s two European Regional Development Programmes (ERDF) Programmes for the period 2021 – 2027. Following lengthy negotiations, the EU Commission adopted the
Building on the progress to date to improve terms and conditions for workers, the Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar, has announced the introduction of a national living wage for employees. As agreed by Government, the national living wage will be set at 60% of hourly median wages in line with […]
Dún Laoghaire-Rathdown Local Enterprise Office (DLR LEO) are leading the way with a new initiative for self-paced learning. The organisation have launched a self-learning app which has access to two Financial Understanding modules for users from non-financial backgrounds to improve their financial literacy skills. Why Should I Up-Skill in Financial Literacy? Financial
Minister for Agriculture, Food and the Marine, Charlie McConalogue, launched the €30 million 2023 Fodder Support Scheme. Launching the measure, Minister McConalogue said, “supporting our family farms through this continued period of uncertainty remains a key priority of mine and the government as a whole. There continues to be price pressure for agricultural input costs,
Minister for Rural and Community Development, Heather Humphreys, has announced the details of the €180 million LEADER Programme for 2023-2027. The major investment will support thousands of locally-led rural development and enterprise projects over the next 5 years. This allocation is in addition to the €70 million already provided for LEADER for 2021 and 2022, […]
A Government campaign has urged householders and businesses to ensure that they are availing of the supports that are in place to help all of us through this challenging winter. Alongside key partners like the CRU (Commission for Regulation of Utilities), MABS (Money and Budgeting Advice Service), ALONE and SEAI (Sustainable Energy Authority of Ireland), […]
Fidelity Investments Ireland has announced further expansion of its national footprint commencing a recruitment drive for 300 new fulltime positions for its world-class team in Ireland. Work to fill these roles is underway and the company is looking to have all positions filled within 2 years. When complete this recruitment will see the company’s Irish […]
The Minister for Social Protection, Heather Humphreys, and the Minister for Public Expenditure and Reform, Michael McGrath, have announced the payment dates for the €1.2 billion cost of living payments introduced as part of last month’s Budget. The Social Protection budget – the largest in the history of the State – will assist pensioners, carers, […]
Minister of State at the Department of Finance with special responsibility for Financial Services, Credit Unions and Insurance, Seán Fleming, has launched an update to the Ireland for Finance strategy. The update of the Ireland for Finance strategy, which has been approved by Government, charts the future development of the international financial services sector in […]
University College Cork is delighted to announce that its flagship scholarship, the Quercus Talented Students’ Programme, is to be sponsored by Bank of Ireland up to the end of 2026. Announcing the sponsorship, President of UCC and Director of the Quercus Programme, Prof. John O’Halloran said, “we are delighted to welcome Bank of Ireland as the […]
This guide from the Irish Government provides a high-level overview of Budget 2023. It aims to explain how money will be raised and spent in 2023. Social Welfare Weekly social welfare rates will be increased by €12 for working age recipients. There will also be a €12 increase in weekly payments for pensioners. The Working Family […]
A new report by PitchBook, a Venture Capital (VC) and Private Equity investment platform, has named Enterprise Ireland as Europe’s most active domestic VC investor by deal count. The report, which covers the period 2018 to H1 2022, showed that Enterprise Ireland had completed 988 investments over that period, the most in any European country. The number […]
A holistic approach is needed when looking at the Report of the Commission on Taxation and Welfare Chambers Ireland calls for everyone to take a measured response to the Report of the Commission on Taxation and Welfare following the publication of “Foundations of the Future”. Speaking after the publication of the report, Chambers Ireland Chief […]
Minister for Social Protection Heather Humphreys has announced a series of landmark reforms to the State Pension system in Ireland. The measures, which were approved by Cabinet this morning, are in response to the recommendations from Pensions Commission. The set of reforms agreed include: Maintaining the State Pension age at 66 and introducing a new […]
Award-winning fintech myPOS is announcing that it has received an e-money licence and authorisation as an Electronic Money Institution (EMI) from the Central Bank of Ireland, the country’s financial services regulator. myPOS, which provides point-of-sale payment acquiring and payment solutions to more than 150,000 small and medium-sized merchants in more than 30
The emergence of cryptocurrencies as an investment class may present an opportunity despite the regulation associated with this relatively nascent asset class and related technologies. In particular, the emergence of cryptocurrencies presents valuable lessons for the EU for increasing participation in capital markets and would benefit from further studies to examine if
Soaring inflation have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc on household budgets in coming months. Western economies are currently experiencing two major shocks that are pushing up the costs of […]