The Irish Government is currently weighing whether to postpone a planned VAT reduction for the hospitality sector until July 1, 2026. The move is being considered as part of broader fiscal planning that could free up resources for wider tax cuts in Budget 2026, expected next October. According to sources familiar with internal discussions, the measure—originally committed to in the …
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Ireland’s economic fundamentals remain strong, according to Finance Minister Paschal Donohoe, who addressed mounting concerns over potential U.S. tariffs that could hit the European Union as early as August. While the minister expressed confidence in the country’s resilience, he cautioned that proposed trade penalties from the U.S. could pose serious risks to job creation and overall growth. Tariff Threat Looms …
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Taoiseach Micheál Martin has urged a composed and coordinated response from the European Union as tensions mount over trade relations with the United States. Speaking at the Ógra Fianna Fáil National Youth Conference in Roscommon, Martin acknowledged the concern many young professionals feel, especially those employed in sectors directly affected by the evolving tariff situation. The EU has recently decided …
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Minister for Finance Paschal Donohoe has confirmed that the Irish Government is not currently considering introducing a new wage subsidy scheme in response to the recent US tariffs imposed on European Union imports. Speaking on RTÉ’s This Week programme, Donohoe emphasized that the current situation differs from the Covid-19 pandemic and that broad wage subsidies, like those used during that …
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Tánaiste Simon Harris has warned that Ireland’s pharmaceutical and chemical exports to the United States could be cut by as much as 50% over the next five years if the US proceeds with a proposed 20% tariff and the European Union imposes a reciprocal response. Currently, Ireland exports up to €58 billion worth of these goods to the US annually, …
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Finance Minister Paschal Donohoe has announced that homeowners will face an increase in Local Property Tax (LPT) from 2026, though he emphasized that the rise will be modest for most. The majority of property owners can expect to pay between €5 and €25 more per year, with the changes tied to upcoming property revaluations scheduled for 1 November. Property values …
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