TÃ¡naiste Leo Varadkar seeks to allow remote workers to recoup up to 30 percent of their annual heating and electricity bills as part of a tax break that could cost the public treasury â¬ 8 million per year, reports the Business Post. Mr Varadkar, who is the Minister of Enterprise, has pushed for a tax break for remote working to be included in the 2022 budget so that workers who wish to continue doing their work from home can cover part of their costs. additional costs. Its officials have submitted proposals that would allow workers to recoup up to 30 percent of the cost of their electricity and heating bills while they work from home. The current limit on these expenses is 10 percent of electricity and heating bills.
Ulster Bank’s parent company NatWest Group has said its phasing out of the Irish market will take at least two more years, with the transfer of the AIB and Permanent TSB buyer loan portfolios taking up to 18 months. The Sunday Times reports that NatWest chief executive Alison Rose told a Bank of America virtual finance conference that investors should view its closure of Ulster Bank and exit from the Irish market as a process ” multi-year â. Ulster Bank announced its withdrawal from the Irish market earlier this year. Ms Rose told the conference that she hoped to make deals with the permanent TSB by the end of the year to sell â¬ 7 billion in untracked mortgages and â¬ 600 million in SME loans and asset financing.
The permanent TSB will create 300 new jobs by the end of the year, as it aims to enable growth in areas such as digital. The Sunday Independent reports that the bank has recently brought in new skills to support its ârapid growth agendaâ. In addition to digital, he added skills in areas such as data analytics, customer service and risk management.
The Sunday Times reports that Google is unhappy with the commercial rates it is paying at its Velasco building in the Dublin docks. The tech giant has won its case before the Valuation Tribunal, an independent state body adjudicating price disputes, over an “unfair” bill of â¬ 363,140 per year for the Velasco building it leases to Irish Life. The decision was rendered by the court in June and released last week. Google had claimed that the initial bill was “excessive and unfair” and argued that it should be reduced to â¬ 309,540. The appraisal tribunal adjusted the building’s rates to reflect the use of its basement as a store, but was “not convinced” that there were arguments for a lower overall rate. He set annual prices of â¬ 346,390, which is less than the â¬ 363,140 originally billed by Google, but more than the â¬ 309,540 that he deemed fair.
The government is set to move forward with new regulations to designate data centers as âstrategic infrastructure,â despite the current energy crisis facing the country, the Business Post said. The move, which will give data center developers access to the expedited planning process, comes after Eirgrid warned last week that the power system is stretched beyond capacity due to “unprecedented growth. “demand for facilities, as well as the greater electrification of the economy. The Planning and Development Act allows strategic infrastructure to access a âspecial planning request processâ, where plans are submitted directly to An Bord PleanÃ¡la rather than to local planning authorities.
The post also reports that the collection of household refuse may be disrupted due to severe capacity constraints in the waste management sector. High-level industry sources told the newspaper that the industry has struggled to cope with an increase in volumes of household and commercial waste in recent months as the economy reopens. Ireland currently produces around 1.7 million tonnes of municipal waste each year and the capacity levels of waste treatment facilities are described as state-of-the-art. The state does not have sufficient capacity to handle all the waste generated here and around 20 percent of all municipal waste, the equivalent of almost 330,000 tonnes of material, is exported to incinerators in Germany and the Netherlands. – Low to be treated there. Industry is now without that option, however, after summer flooding in Europe left mountains of debris and trash piled up along roads in Germany, Belgium and other affected countries.