Business News

Govt urged to reduce alcohol, hospitality VAT rate to 5%

9th July 2020

The Irish drink and hospitality sector is urging the Government to deliver a VAT reduction in the July stimulus economic plan. The call comes after the UK announced it was cutting VAT (Value Added Tax) on hospitality services from 20% to 5%. At present, there is a 13.5% VAT rate in Ireland for hotel, tourism, food and drink services. The Restaurants […]

Read More

Govt urged to reduce alcohol, hospitality VAT rate to 5%

9th July 2020

The Irish drink and hospitality sector is urging the Government to deliver a VAT reduction in the July stimulus economic plan. The call comes after the UK announced it was cutting VAT (Value Added Tax) on hospitality services from 20% to 5%. At present, there is a 13.5% VAT rate in Ireland for hotel, tourism, food and drink services. The Restaurants […]

Read More

Hotels report occupancy rates of between 23-26% for summer months

9th July 2020

Hoteliers here are reporting occupancy rates of between 23 and 26% for the summer months, according to figures from the Irish Hotels’ Federation.  This is based on confirmed bookings and compares to an average 90% occupancy over the summer months last year. The IHF said that occupancy for September, traditionally a popular time for US […]

Read More

Hotels report occupancy rates of between 23-26% for summer months

9th July 2020

Hoteliers here are reporting occupancy rates of between 23 and 26% for the summer months, according to figures from the Irish Hotels’ Federation.  This is based on confirmed bookings and compares to an average 90% occupancy over the summer months last year. The IHF said that occupancy for September, traditionally a popular time for US […]

Read More

Govt may extend rent freeze

9th July 2020

The Government will consider extending a rent freeze and moratorium on evictions which was introduced as an emergency measure at the start of the Covid 19 crisis. The measures were due to expire on July 20th, but the Minister for Housing, Darragh O’Brien, has told the Dail he will write to the Minister for Health, […]

Read More

Govt may extend rent freeze

9th July 2020

The Government will consider extending a rent freeze and moratorium on evictions which was introduced as an emergency measure at the start of the Covid 19 crisis. The measures were due to expire on July 20th, but the Minister for Housing, Darragh O’Brien, has told the Dail he will write to the Minister for Health, […]

Read More

Dramatic rise in online scams during pandemic

8th July 2020

Fraudulent emails and text messages tricking people to share personal and banking details increased during the Covid-19 crisis, according to gardaí. They have also issued a warning to ‘staycationers’ who are being targeted by cyber criminals on fake and cloned websites purporting to sell holiday equipment.  The bogus websites advertise caravans, campervans and small pleasure boat sales in a bid to defraud […]

Read More

Irish economy to shrink by 8.5% in 2020 before 2021 recovery

8th July 2020

The European Commission has said that Ireland’s GDP is projected to contract by 8.5% in 2020. The economy here is then expected to grow by 6.25% in 2021, on the back of the pent-up domestic demand release and the global post-crisis recovery.  This compares with the Commission’s earlier forecast of a downturn of 7.9% for […]

Read More

House prices down 3.3% so far this year, rents up 0.2% – Daft.ie

8th July 2020

House sale prices fell by an average of 3.3% in the year to June, according to the latest Daft.ie Housing Market Report.  Daft.ie’s new monthly report looks at the health of both the sale and rental markets, with figures showing a 0.2% rise in rents nationwide in the year to June this year. The report reveals […]

Read More

Irish economy to fall 8.5% in 2020 before 2021 recovery

7th July 2020

The European Commission has said that Ireland’s GDP is projected to contract by 8.5% in 2020. The economy here is then expected to grow by 6.25% in 2021, on the back of the pent-up domestic demand release and the global post-crisis recovery.  In its latest economic outlook, the Commission said that economic activity here is expected […]

Read More