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Michael McGrath

Workers set to avail of up to €800 cash boost from tax changes
Budget
The main tax credits have been increased while USC has been slashed
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Average worker to gain €800 a year from tax changes taking effect from tomorrow
Cost of Living
Around two million taxpayers are expected to see an increase in their take-home pay as a result of measures that apply from January 1
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Employers yet to return €37 million in Covid-19 wage subsidy overpayments
Revenue
Businesses in the accommodation and food service sector account for over €7.5 million of the total amount owed to Revenue
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Minister pledges support to flooded businesses and homeowners in Cork
Weather
Mr McGrath said many businesses in Midleton had their "destroyed" Christmas stock out on the street
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Michael McGrath and Paschal Donohoe admit there's 'a lot done, more to do' after latest Budget
Budget
Both said that there is more work for them to get on with and that they want another budget together next year to achieve their goals
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Budget 2024 LIVE stream and updates as Ireland cost of living measures unveiled - but cigarette prices are hiked
The Budget
Three €150 energy credits, free school books, a 25% cut to childcare fees and more are being unveiled as part of Budget 2024
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Tax cuts, childcare fees slashed by 25% and €12 increase to social welfare as Budget 2024 unveiled
The Budget
Following late-night meetings on Monday, Finance Minister Michael McGrath and Public Expenditure Minister Paschal Donohoe will unveil Budget 2024 this Tuesday afternoon
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Shock drop in corporate taxes could have impact on next week's Budget
Budget
Finance Minister Michael McGrath said this was "a stark reminder" that "the dangers are here" and that "the days of growing corporation taxes are over."
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Catherine Martin to ask Finance Minister to examine whether VAT rate for hotels and restaurants can be split
VAT
Minister Catherine Martin insisted that this is just something that may be examined and will not form part of next month’s budget
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Budget 2024: Michael McGrath confirms no new 30% tax rate
Budget
Finance Minister Michael McGrath admitted that he was trying to temper people's expectations ahead of the budget on October 10,
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Finance Minister Michael McGrath throws cold water on RTE’s calls for bailout funds
In the News
Mr McGrath was speaking at the Fianna Fail think-in down at the Horse and Jockey in Tipperary on Tuesday afternoon
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Finance Minister Michael McGrath confirms USC tax cut being considered in budget
Michael McGrath
McGrath has now given the clearest indication yet that he is willing to move on the big promise
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'Volatile' corporation tax income fell by €1bn in August
Corporation tax
Government ministers have repeatedly warned that bumper corporation tax cannot be relied upon amid calls for a giveaway budget
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Budget energy supports update as Finance Minister gives timeline
Michael McGrath
Nw figures published by the Central Statistics Office (CSO) on Friday show that energy prices decreased by 1.3% over the 12 months to July 2023.
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McGrath calls on banks to help customers affected by mortgage rate hikes
Interest rates
The European Central Bank (ECB) announced on Thursday that it was increasing interest rates by 0.25%. This brought lending interest rates up to 4.25%.
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Budget 2024 could bring boost to workers with 30% middle tax bracket under consideration
Budget
Taoiseach Leo Varadkar warned that being too cautious in budget decisions would be a "conscious decision to reduce living standards and to do less".
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Thousands of renters in Ireland missing out on €1,000 windfall amid astonishing low tax credits update
Tax Credits
The Government announced as part of last September’s Budget that renters would be able to claim a rent tax credit worth up to €500 for each year between 2022 and 2025.
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Michael McGrath says he won't be 'bullied' by Fine Gael during budget negotiations
Michael McGrath
Finance Minister Michael McGrath says that there will be lots of "kites flown" between now and the budget which will be held in October.
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Michael McGrath appears to tamper Budget expectations following last year's massive giveaway
Michael McGrath
The Stability Programme Update (SPU) published on Tuesday afternoon predicted a €10bn Budget surplus for 2023. Next year's surplus is calculated at €16bn.
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New Minister for Sport Thomas Byrne reacts to outgoing FAI chair over betting tax and facilities plea
FAI
The Fianna Fáil TD said: "The FAI got significant support in their darkest days from the Government, when we could have just said 'no, we can’t fund this, that is it'.
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Social welfare scheme to open to another 81,000 people next month
Social Welfare
Social Protection Minister Heather Humphreys has confirmed that eligibility for the fuel allowance will be widened to bring an extra 81,000 people on board.
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Government will fall short of target to build 9,000 social houses this year amid criticism
Social housing
“We don’t believe at this juncture that 9,000 will be met"
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What time is Budget 2023 and what actually happens? All you need to know
Budget 2023
Skyrocketing energy bills, petrol and diesel hikes and price rises in supermarkets have seen thousands of Irish people struggling
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Who is eligible for the upcoming Fuel Allowance lump sum as pay date confirmed
Social Welfare
As well as this, every Irish household will be given €200 off their electricity bill in April
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