Top 10 companies now pay more than half of corporate tax Covid delivers sharp jump in share of corporation tax paid by big business
about 2 hours ago Seán McCárthaigh Listen now 3:18
Corporation tax accounted for 21 per cent of all taxes collected by Revenue in 2020. Photograph: Nick Bradshaw
Your Web Browser may be out of date. If you are using Internet Explorer 9, 10 or 11 our Audio player will not work properly.
The Government’s dependence on large multinationals for tax revenue intensified further as a result of the impact of Covid-19 last year, with the top 10 companies now contributing more than half of all corporation tax receipts for the first time.
Evictions can recommence from April 23rd Lifting of 5km rule allows removal of tenants, but additional protections for those impacted by pandemic will remain
Tue, Apr 13, 2021, 12:41 Updated: Tue, Apr 13, 2021, 12:43
Landlords will be able to proceed with eviction proceedings against tenants from April 23rd, 2021, following the lifting of the 5km rule on non-essential travel on April 12th.
The Residential Tenancies Act 2020 introduced temporary protections for tenants as long as this 5km rule, designed to moderate movement and drive down Covid-19 infections, was in place.
These protections meant that while landlords could serve a notice of termination during the emergency period, which ran from December 31st to April 12th, these eviction notices could not in fact take effect until after the emergency period expired.
HOUSEHOLDS saved an additional €28bn last year.
This was €14bn more than in the previous year as opportunities to spend were severely limited by the lockdowns.
New figures from the Central Statistics Office (CSO) show that households went from putting 12pc of their disposable income into savings to putting 23pc of their income aside.
Higher incomes for those fortunate to be able to work from home combined with the restricted spending opportunities to send savings levels surging.
The CSO said: “The uncertainty around the trajectory of the pandemic may also have induced ‘precautionary savings’ as households kept money back, anticipating tightening finances in the future.”
To print this article, all you need is to be registered or login on Mondaq.com.
Businesses and communities are dealing with many COVID-19
related issues that are causing severe business disruption.
The Irish government has been swift to introduce new measures to
mitigate the effects of COVID-19 on business. No doubt,
further measures will be introduced in due course. Revenue has
acknowledged that tax payment difficulties are an inevitable
impact of the COVID-19 pandemic and has advised
taxpayers to file tax returns and pay tax liabilities if at
all possible .
Business Supports
On 2 May 2020 the Irish government announced a suite of measures
The economic devastation caused by Covid-19 has been laid bare with new figures revealing that in some counties more than 40pc of the workforce is on State income supports.