Europe’s private credit funds are increasingly borrowing from banks to boost their performance, fuelling concerns about the wider risks posed by this interconnectedness. A record 80% of new European private credit funds borrowed from banks via ‘subscription lines’ in 2023, funding that allows them to lend before tapping their investors for cash, MSCI Private Capital […]
Read More… from Concern as credit funds increase borrowing from banks
Consumer queries to the Competition and Consumer Protection Commission were up 20% last year, with faulty goods and services being the subject of most contacts. Almost 40,000 people contacted the helpline throughout the year. The CCPC has released its helpline report for 2023 to coincide with World Consumer Rights Day. Most queries to the commission […]
Read More… from Consumer queries to CCPC increase by 20% in 2023
The rate of inflation continued to ease last month, according to new data from the Central Statistics Office. Consumer prices rose by 3.4% in the year to the end of February, compared to a rate of 4.1% in the year to the end of January. The CSO said it was only the fourth time since […]
Read More… from Pace of inflation continued to ease in February – CSO
The Central Bank has revised downwards slightly its forecasts for growth in the domestic economy this year, but still expects that it will continue to grow at a moderate pace over the next three years. The bank is now predicting that Modified Domestic Demand (MDD) will expand by 2.2% this year, down from its forecast […]
Read More… from Central Bank revises down forecast for domestic economy this year
The average interest rate on new mortgages in Ireland rose in January, according to new data from the Central Bank. At the end of the month, the average rate was 4.27%, up 0.08% from a month earlier. It means rates on new mortgages in Ireland are now the seventh most expensive in the euro area, […]
Read More… from Mortgage rates rose in January to seventh highest in eurozone
The European Parliament has given the final nod to far-reaching rules on artificial intelligence that the EU hopes will both harness innovation and defend against harms. The law, known as the “AI Act”, was first proposed in April 2021 by the European Commission, the EU’s executive arm. But it was only after Microsoft-funded ChatGPT burst […]
As the OECD’s deadline for finalising major reforms to the global tax system draws near, the Irish government recently opened a public consultation on the deal as it considers its future: Ireland is notably one of the holdouts on the agreement, which has seen some 131 countries sign up to the deal that includes setting […]
Read More… from Ireland Stares Down Major Changes to its Tax System
Our second newsletter of 2021 is available to download for free from the newsletter section of our website CLICK HERE. This edition covers the following topics – a sense of optimism – currency risk management in covid times – alternative finance options – ransomware – along with the usual tax, business and legal briefs Regards The […]
Revenue issued updated guidance on the impact of Debt Warehousing where a director/employee holds a material interest in a company. In summary, if your employer has warehoused and not paid its PAYE liability in full, then a director/employee that has a material interest in the company will not be entitled to a full credit for […]
TWSS Reconciliation’s have now been issued by Revenue and should be available on ROS under Additional Services. You should review the amount due, and if correct, accept the reconciliation and arrange to pay the correct amount. If you dispute the amount you should use ‘upload subsidy paid’ option in the reconciliation page If you require […]
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