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The Latest Breaking News from Paschal Donohoe

Budget 2023: Tanaiste Leo Varadkar confirms tax change could be on the way in good news for many

We're starting to get a few hints from the Government about what might be in store for next month's Budget, the latest of which came from Leo Varadkar on Wednesday.

Irish Mirror

Government could cut excise duty of beer and wine to help cost of living crisis

The plan is one of a number of options in the Tax Strategy Report, prepared by economists at the Department of Finance for minister Paschal Donohoe.

Irish Mirror

Almost 500,000 workers could be due tax refund after paying an extra €600

The news comes as nearly 500,000 overpaid a total of €300 million in tax last year

Dublin Live

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Almost half a million workers could be due refund after paying €600 too much tax

The news comes as nearly 500,000 overpaid a total of €300 million in tax last year

Irish Mirror

Flogas introduce prise rice of up to 20% as customers hit by another hike amid cost of living crisis

It's the sixth time since the start of 2021 that the company has raised prices, with the latest hike seeing the average gas bill go up by €30

Irish Mirror

Russia switching off gas to Europe presents 'severe' risk to Ireland

Minister for Finance Paschal Donohoe said the 'global economic shock' caused by Russia’s invasion of Ukraine has 'rapidly' changed Ireland’s economic context

Irish Mirror

Russia-Ukraine war sends shockwaves through Ireland's economy and could have 'severe' consequences

Paschal Donohoe, the Finance Minister, said the war could cause further economic woes for Ireland

Irish Mirror

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Budget 2023 'will balance helping people with protecting economy', says Paschal Donohoe

The Finance Minister refused to predict that the Budget would increase people’s living standards, stating that the economic outlook was currently too uncertain

Irish Mirror

Budget 2023: Cut in VAT on gas and electricity 'to be extended past October'

Ministers have agreed to bring the Budget forward to September 27 - two weeks earlier than expected

Irish Mirror

Health experts warn of another Covid wave as hospitals under pressure

The HSE also warned of increased pressures on hospital services as almost 600 staff members in acute hospital settings have tested positive in the last week

Dublin Live

Minister for Finance Paschal Donohoe warns of recession risk

“We’ve acknowledged that recession is a risk"

Dublin Live

Recession Ireland: Fresh updates on if country is headed for economic disaster

Earlier this week, the government confirmed that it is unlikely that additional measures to tackle the increase in inflation would be introduced before Budget 2023 in October

Irish Mirror

Top minister warns recession is looming in Ireland as Taoiseach offers update on crisis

Paschal Donohoe has for the first time used the 'R' word in relation to the cost of living crisis

Irish Mirror

Finance Minister Paschal Donohoe says high corporate tax receipts create 'artificially benign picture' of Ireland's finances

'In a world that has become so susceptible to unforeseen shocks, it is even more important that we prepare now for the risks that we know are ahead'

Irish Mirror

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Irish Mirror

GAA fans being fleeced for €167 for hostel bunkbed in Dublin, Dail hears

TDs and Senators slammed hoteliers and accused them of 'price gouging' and 'extortionate room charging' which amounted to 'economic treason'

Irish Mirror

Taoiseach Micheal Martin hints Ireland will extend Russian Ambassador's visa

There have been repeated calls on the Government to expel Yury Filatov as a result of Russia’s barbaric war in Ukraine

Irish Mirror

Boost for Irish pubs and restaurants as hospitality VAT rate of 9% to be extended for six months

The rate is set to stay until at least February 28 2023

Dublin Live

Special 9% VAT for hospitality sector to be extended

The lower rate was introduced during the height of the Covid-19 pandemic

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The Guardian - UK

UK factories raise prices at record pace; windfall tax calls grows as BP earnings swell – as it happened

Rolling coverage of the latest economic and financial news

Irish Mirror

Government fails to reduce costs on home heating oil as new cost of living package details announced

Opposition TDs have said the Government failed to sufficiently target its cost of living measures to low and middle-income households

Irish Mirror

Government confirms thousands of Irish households to get extra €100 payment next month

The temporary cut in VAT on fuel bills from 13.5% to 9% will begin on May 1 and last until 31 October.

Irish Mirror

Paschal Donhoe warns energy prices could increase further but says Government are 'well aware'

Paschal Donohoe told Claire Byrne that the Government would not be caught out if counter-sanctions were introduced, or if the price of energy, oil and gas was to rise again.

Irish Mirror

Government doing 'all they can' to stop energy bills rising as Finance Minister defends action

Paschal Donohoe noted that he 'accepted' that it wouldn't be enough for everyone.

The Independent UK

Irish finance minister expects EU to agree further sanctions against Russia

Paschal Donohoe said current measures against Russia are ‘undermining’ or may stop the ability of the Russian economy to fund the ‘murderous war’.

Irish Mirror

Forcing Ireland's banks to pay €150m levy could lead to higher costs for consumers, Department of Finance warns

Officials said that maintaining annual income from the levy as KBC and Ulster Bank departed the Irish market would leave AIB, Bank of Ireland, and Permanent TSB to foot the full bill

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