NAMA generated €3.3 billion in cash in 2018, according to an end of year summary of the agency’s progress. It said its Residential Delivery funding programme continued to deliver new homes in Ireland throughout the year, and it is estimated that 9,700 units have been delivered through NAMA funding between 2014 and 2018. Since its […]

More than €55.5 billion was received by the Exchequer during 2018, according to the Department of Finance. That is €1.38 billion (2.6%) more than had been expected, and €4.27 billion higher than the amount taken in during 2017. The higher-than-anticipated tax take was due to a €1.9 billion (22.1%) excess in the amount of Corporation […]

The hospitality sector has called for a review of the increase in the VAT rate which comes into effect on New Year’s day. The tax was lowered to 9% almost 8 years ago to help create jobs during the recession, and having achieved this, the Government opted to restore the rate to 13.5% during Budget […]

Changes to the Central Bank’s Consumer Protection Code, which aim to increase the levels of mortgage switching in Ireland and to provide greater levels of transparency for consumers, come into effect today. The changes, which were announced in June, follow research by the Central Bank in 2015 which found over one fifth of borrowers could […]

New car sales were 4.4% lower last year when compared to 2017, according to figures from representative body SIMI, marking the second consecutive year of decline for the industry. There were 125,557 new cars registered during 2018, 5,775 fewer than in the previous year. Compared to 2016, car registrations are 21,093 (14.4%) lower. According to […]