Finance - Thurles Information

BOI To Open Each Saturday During October 2022.

Assisting customers wishing to move current accounts from Ulster Bank and KBC.

To facilitate and support prospective customers; Bank of Ireland has announced that 61 of its branches around Ireland will open for the four Saturdays during the month of October 2022.
Opening hours each Saturday will be from 10:00am – 2:00pm, beginning from October 1st to October 22nd, to assist those customers wishing to move current accounts from Ulster Bank and KBC.

Financial advisors within Bank of Ireland will be on hand in all 61 branches to provide information on moving accounts and to support customers in the account opening process.

Bank of Ireland locations offering this service in Co. Tipperary are as follows: –
Thurles, Co. Tipperary.
Liberty Square, Thurles, Co Tipperary.
Clonmel, Co. Tipperary.
No. 21 Parnell Street, Clonmel, Co Tipperary.
Nenagh, Co. Tipperary.
Mitchel Street, Nenagh, Co Tipperary.

Pharma MSD Open Ireland’s Largest Solar Generation Project In Tipperary.

Pharma giant MSD (the international name for US-based pharma and healthcare giant Merck & Co., Inc.) has officially opened Ireland’s largest self-generation solar project, at its Ballydine site, here in south Co. Tipperary.

Working in partnership with the state owned electricity company ESB (Electricity Supply Board), latter Ireland’s foremost energy company; MSD have built the 7.3MW ground-mounted solar PV array, to support the Ballydine factory facility in significantly reducing its carbon footprint.
Same is in line with MSD’s announcement just last year to achieve carbon neutrality, across its whole manufacturing operation by the year 2025.

MSD estimate that the system could generate approximately 7.9GWh of clean, renewable electricity thus producing some 20% of its energy requirements from renewable energy sources.

MSD employs more than 2,800 staff across six sites in Ireland, with bases in Tipperary, Carlow, Cork, Meath and Dublin and to date MSD have invested more than $4bn into its Irish operations, which manufacture around half of its top 20 products.

€46.4m In Welfare Payments Recovered By Department Of Social Protection.

So far in 2022, up to the end of July last, some €46.4m in social welfare payments have been recovered by the Department of Social Protection.

From January 1st 2022 to the end of July, 2022 the department said it carried out almost 300,000 control reviews across its various supports, with 36 cases to date having been finalised in court, and with convictions secured in 30 of these legal cases.

The Department is now asking people, latter who wrongly received Pandemic Unemployment Payments (PUP), to arrange a return of same.

As of the end of July 2022, approximately €12.6m in PUP supports had been repaid, with some 10,700 of these having been repaid in full. An estimated €33.9m has still not been returned by those who were overpaid; some of which are understood to have been deliberate fraudulent claims.

Paschal Donohoe Accuses Hospitality Representatives Of Price Gouging.

Finance Minister, Mr Paschal Donohoe has demonstrated his displeasure at greedy hoteliers for price gouging their customers.

Mr Donohoe met with representatives of the hospitality sector which included the Irish Hotels Federation; Irish Tourism Industry Confederation; Licensed Vintners Association; Vintners’ Federation of Ireland and the Restaurants Association of Ireland, for a requested pre-Budget meeting.

The above named representative organisations had gone into the meeting seeking to retain the lower existing 9% Vat rate; a reduction in excise duty on alcohol, and a targeted financial support package to help with the cost of energy increases.

Representatives were quickly reprimanded by Mr Donohoe; latter who informed them that the Government had provided strong supports for hotels in recent years. Same supports had gotten them through Covid-19 he stated, and he was therefore extremely disappointed that value for money for those looking to holiday in Ireland had not been forthcoming.

Finance Minister Donohoe made it known that that charging over €500 for a room with an American football game in the Capital, was not acceptable and politicians were now looking for the 9% Vat rate to be increased due to exorbitant accommodation prices. It is understood that there was a muted acceptance by some representatives that some hotels were indeed involved in price gouging.

In May 2022, Mr Donohoe had extended the special 9% Vat rate, latter introduced in November 2020, for a further six months, at an estimated revenue loss to the State of €250m: to assist businesses that had been severely impacted by harsh, but necessary, Covid restrictions.

Government To Consider Windfall Tax On Energy Companies.

The Irish Coalition Government will consider introducing a windfall tax on energy companies in next September’s Budget, according to An Taoiseach Mr Micheál Martin.

Mr Martin stated that while the Coalition want to see more investment being made in renewable energy, it also is very much aware that significant profits are being made by energy companies, making it necessary to examine the issue of a windfall tax.

Mr Martin also said that Liquefied Natural Gas (LNG)is an option that has to be considered in light of the energy security crisis brought about by the war in Ukraine. The Programme for Government allows for LNG but without the need for fracking.

Mr Martin said that strong tax returns will allow an opportunity to take pressure off people in September’s Budget. He confirmed that the Government is presently preparing a comprehensive Budget package that would focus on tax relief and how to reduce the cost of living for Irish families, particularly those with children.