Rents are continuing to rise, but property prices are falling, according to the latest Daft.ie housing report. Photograph: iStock

Business Today: the best news, analysis and comment from The Irish Times business desk

As Revenue always responds better when people with debts approach it rather than the other way around, I would advise your siblings that they do so before any inheritance is otherwise spent. Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

Holiday homes on Achill Island. The self-catering sector has been dealt another blow by the exit of British operator Cottages.com from the Irish market.  Photograph: Cyril Byrne

Cottages.com has been selling Irish accommodation to British tourists for 26 years

The US administration  said it had secured supplies of 500,000 treatment courses of the antiviral drug Remdesivir from Gilead, amounting to 100 per cent of production in July and 90 per cent for August and September. Photograph: Chris Kleponis/Polaris/Bloomberg

Alert comes after US secures Covid-19 drug treatment for next three months

Photograph: iStock.

Q&A: Dominic Coyle answers your personal finance questions

The pub and restaurant sectors are split over a campaign for a near €700m cut to VAT on pub alcohol sales.

Business Today: the best news, analysis and comment from The Irish Times business desk

Backlogs in the State’s forestry licensing and appeals system risk plunging the sector into crisis

Business Today: the best news, analysis and comment from The Irish Times business desk

Revenue has reminded business owners to tidy up any other tax affairs outstanding. Photograph: Nick Bradshaw

Companies will be ineligible for ‘debt warehousing’ if conditions not met in ‘audit’

I have savings of €200,000 and am considering spending  €30,000 on a car. Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

Companies have just five days from the date of the letter to respond. Failure to do so will lead to the potential suspension of payments. Photograph: Joe St Leger

Companies must cease claiming if they no longer meet criteria for €1.59bn scheme

Do newlyweds have any tax liability for cash wedding presents received from wedding guests? Photograph: Getty Images

Q&A: Dominic Coyle answers your personal finance questions

Taxback.com notes that loss of income would range from €150 over the full year for a retail worker earning €23,000 gross to €16,500 for a business executive on a salary of €115,000.

Those in receipt of Covid-19 payments will face substantial bills, says Taxback.com

At $3.3bn the cancer blockbuster drug Keytruda now accounts for more than a quarter of all the sales of MSD’s parent, which trades as Merck in the US and Canada. Photograph: Robbie Reynolds

Drug giant filling a variety of roles in Swords, Carlow, Tipperary and Cork

 Bewleys on Grafton Street, Dublin.  Photograph: Aidan Crawley

Business Today: the best news, analysis and comment from The Irish Times business desk

Chanelle Pharma founder and managing director Michael Burke: “I think Covid is going to affect every business. There is going to be no business unaffected apart from, maybe, human pharma.”

Interview: Chanelle Pharma founder and managing director Michael Burke

The restaurant sector is calling for comprehensive financial support

Business Today: the best news, analysis and comment from The Irish Times business desk

Fianna Fail leader Micheal Martin leaves Government Buildings after a programme for government was finalised. Photograph: Dara Mac Donaill / The Irish Times

Business Today: the best news, analysis and comment from The Irish Times business desk

Finbarr Kenny: ‘What we can determine is whether someone has recently been infected with the virus and that has caused an immune response’

Finbarr Kenny on how Roche Diagnostics developed a molecular coronavirus test

Assuming you are on a variable rate, there is absolutely nothing to stop you paying off the mortgage in full whenever it suits you

Q&A: Mortgage debt remains the cheapest money you will borrow, far cheaper than a personal loan

Company owner Michael Burke says the FDA approval is ‘a game changer’ for Chanelle.

Chanelle spent two years securing approval from Food and Drug Administration

Ireland’s debt agency raised €6 billion on the bond markets.

Business Today: the best news, analysis and comment from The Irish Times business desk

Wills and inheritance are a very emotional subject, as the postbag response to recent queries on this issue demonstrates

Q&A: Dominic Coyle answers a reader's query on applying probate to his mother's will

Any executor is given a grace period – one year from the date of death – to organise probate for an estate. Photograph: iStock.

Q&A: The executor has one year from date of death to organise probate, writes Dominic Coyle

Revenue says Perrigo owes the €1.64 billion because of its purchase of Irish pharma group Elan in 2013 and the sale by Elan eight months previously of its MS drug Tysabri to Biogen. Photograph: Adam Bird/Bloomberg via Getty Images

Irish tax authorities argue sale of drug for MS should have been treated as capital gain

A lab worker shows a vial containing an infected swab during a coronavirus test. Photograph: Federico Bernini/Bloomberg

Tipperary firm sees confidence in testing as crucial to getting staff back to work

If there is any tax owing at the end of the year, Revenue  will  collect this by  adjusting your tax credits.

The payment is taxed but you will not face a lump sum of a tax bill

The new government is facing almost €11 billion of spending cuts and tax increases.

Business Today: the best news, analysis and comment from The Irish Times business desk

Until you sign a formal purchase contract there is nothing more than an informal agreement or understanding between you that you will buy the property

Q&A: At this point the key question seems to be very simple: just how committed are you?

Bank of Ireland says that it will change the name of the account to the name of the remaining account holder(s), once they receive a death certificate.

Q&A: Joint accounts can be held in different ways and for different purposes writes Dominic Coyle

David McCourt (left), founder of Granahan McCourt, which has pulled out of the broadband process in Northern Ireland.

Business Today: the best news, analysis and comment from The Irish Times business desk

Medical device giant Medtronic reported a sharp fall in sales as hospitals cancelled elective surgery to cope with the Covid-19 crisis.  Photograph: Munshi Ahmed/Bloomberg

The company has been dramatically ramping up production of ventilators from its Co Galway plant to meet explosion of demand

Seamus Gorman, chief executive of Irish company Hibergene Diagnostics. Photograph: Julien Behal Photography

Hibergene Diagnostics secures EU approval to market 30-minute test across Europe

Hibergene CEO Seamus Gorman: 'Coronavirus was unexpected, and our decision to pursue a test was opportunistic to some extent'.

Hibergene is producing 6,000 test kits a week, and this could be ramped up to 45,000

Seamus Gorman, chief executive of Irish company HiberGene Diagnostics: ‘The Covid-19 pandemic is the greatest challenge to humanity in our lifetimes.’ Photograph: Julien Behal

Accurate, low-cost test can deliver results for patients with coronavirus within 30 minutes

Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

Hydroxychloroquine was made popular as a treatment for Covid by US president Donald Trump.

Business Today: the best news, analysis and comment from The Irish Times business desk

A pharmacist displaying a box of hydroxychloroquine. Photograph: Noah Seelam/AFP via Getty

Developer of hydroxychloroquine warns of increase in serious cardiac issues

Undeclared foreign property could land you in big trouble with both the tax authorities and the Department of Employment Affairs and Social Protection.

Q&A: Dominic Coyle: ‘I suspect your friends face a difficult and costly time’

Liam Butler, owner of Haven Pharmacy in Birr, Co Offaly: ‘I cannot see us getting back to where we were until after the next flu season. 2020 is a write-off for a lot of pharmacies’

Pharmacies are struggling with reduced turnover and increasing Covid-19 costs

Drug delivery business Avectas has licensed a therapy from Galway-based ONK Therapeutics that targets what are called B-cell malignancies – blood cell cancers such as non-Hodgkin’s lymphoma (above)

Avectas, backed by industry veteran Seamus Mulligan, takes a stake in Galway-based ONK Therapeutics

Ireland’s pharmaceutical sector remains confident of its strength in the face of US president Donald Trump’s latest comments about bringing medicine production back to the US, but not complacent. Photograph: Oliver Contreras / EPA

Irish medicines industry remains alert to longer-term dangers for investment in State

Chef and restaurant owner JP McMahon in his Michelin-starred Aniar Restaurant in Galway. Photograph: Joe O’Shaughnessy.

Michelin-starred JP McMahon says he cannot open any of his three restaurants under two-metre rule

Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

Given that your mam  is already retired, it is quite likely that this will be the final home she buys, so she will never benefit from any profit – or suffer from any loss – in its value anyway. Photograph: iStock

Q&A: She’s looking for a home, so there’s no point in trying to second-guess the market

Fulfil Nutrition chief executive Brian O’Sullivan, who has announced that he will leave the company later this year.  Photograph: Aidan Crawley

Industry veteran and company insist there is no animosity behind sudden move

A total of 427,000 workers are now being paid through the temporary wage subsidy scheme put in place to limit job losses during the Covid-19 pandemic. Photograph:  Daragh Mc Sweeney/Provision

Revenue says over 50,000 companies have now signed up for emergency payments

Feargal O’Rourke, managing partner at PwC which has announced that its partners will take a cut in pay as a result of Covid-19 crisis. Photograph: Conor Mulhern

Both Big Four accounting firms commit to protecting jobs for their staff for as long as possible

Richard Pops, chief executive of Alkermes, which reported a 30 per cent rise in sales of its key drugs in the first quarter. Photograph: Patrick Fallon/Bloomberg

Company pulls full-year guidance on coronavirus disruption to healthcare systems

People are staying away from doctors and hospitals during the Covid crisis even when they have potentially serious medical conditions, according to new data.

Patients who are slow to present during crisis and social distancing in labs is affecting testing

When a patient is discharged, the all their user data is wiped from the tablet which is then sanitised and available for another patient. Photograph: Alan Betson

Devices have been rolled out in four teaching hospitals in New York

Companies that narrowly missed a deadline to qualify for the temporary Covid-19 wage subsidy scheme should be shown some leniency, the Green Party has said. Photograph: Alan Betson

Revenue relents on strict rules to help save jobs and businesses

 While the tax filing deadline recurs each month, by missing the March 15th date employers have locked themselves out of the wage subsidy scheme regardless of how many months it remains in place.  Photograph: Getty Images

Missed tax deadline could prove fatal for businesses damaged by shutdown

Conor O’Kelly, chief executive, the National Treasury Management Agency (NTMA). Photograph: Dara Mac Dónaill / The Irish Times

Business Today: the best news, analysis and comment from The Irish Times business desk

About a quarter of employers in the State have registered  for the temporary wage subsidy programme to help retain staff in jobs during the coronavirus outbreak. Photograph: Benoit Tessier/Reuters

Revenue figures show 82% of hospitality workers claiming support

Revenue briefed 550 tax advisers on the working of the temporary Covid-19 wage subsidt scheme. Photograph: Nick Bradshaw

Revenue tells tax advisers that clients can avoid year-end tax bill by using credits now

Avectas’s technology allows cells to be taken from people, often critically ill, and returned to them after they have been genetically engineered to address their illness.

Drug delivery specialist aims to be key player as medicine turns to cell technology and personalised medicine to tackle cancers

'I have been the recipient of the €3,000 gift from my both of my grandparents for several years now.' Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

Delivery company Deliveroo is adapting to the new reality, signing deals with most of the major convenience store brands to offer a grocery delivery service to customers.

Business Today: the best news, analysis and comment from The Irish Times business desk

Mainstay Medical, an Irish device company specialising in chronic low back pain, has announced plans to take the listed company private.

Mainstay Medical cites poor liquidity in shares and cost for decision to take business private

SCSI vice-president Micheál Mahon said it was critical that Government take on board the harsh lessons learned from previous crises, especially the financial crash of 2008

Housing shortage ‘can be traced back to the failure to plan’ during last crash

Global benefits consultancy Mercer has proposed that Irish pension savers should be allowed access to their retirement pots as they face a short-term cash squeeze in the Covid-19 crisis. Photograph: Getty Images/iStock

Consultants also call for new inflation-linked emergency bond to fund economic recovery

Shares in cardiovascular drugmaker Amarin slumped over 70% last night as the company lost a key patent case in Nevada.

Nevada court rules patents are invalid in crunch battle with generic rivals

Wage subsidy: to qualify, companies must have seen their business significantly disrupted by the Covid-19 crisis.

Weekly payments of up to €410 could lead to income tax and USC bill liability at year end

Total Produce said demand from the food service sector has fallen but demand from retailers had remained “robust. Photograph:  Ariana Drehsler/AFP via Getty Images

Company reports strong retail demand as food service business diminishes amid restrictions

Billy Kane’s non-bank lender Finance Ireland is pressing pause on a planned May stock market flotation.

Business Today: the best news, analysis and comment from The Irish Times business desk

Insurers are throwing out claims for business interruption because Covid-19 was not specifically listed among the diseases covered or because the infection did not happen on the policyholder’s premises. Photograph Nick Bradshaw

Seen & Heard: US software group scotches Dublin plans; K Club owner offloads nursing homes

Revenue already has measures in place to reimburse people who habitually work from home   for their work-related expenses. Photograph: Getty  Images

Employers can pay staff tax free to cover cost of home-working

Ireland is a major exporter of pharmaceutical and medical supply goods to the US

Trump administration looking at ways to bring production of pharmaceuticals and medical devices back to the US

The Central Bank of Ireland. Photograph: Alan Betson / The Irish Times

Business Today: the best news, analysis and comment from The Irish Times business desk

I plan to give my cottage to my son, who is returning from abroad later this year with his wife and family. Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

Wind accounted for close to a third of Irish energy generation last year

Business Today: the best news, analysis and comment from The Irish Times business desk

Tigers Childcare managing director Karen Clince with chairman Cormac Tobin and Lilah Mahon. Photograph: Conor McCabe Photography

Karen Clince expands group into England with centre to cater for more than 120 children

The only will that has any legal authority is the most recent one properly drawn up and witnessed. Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

‘Did the bank breach data security by divulging details of the meeting I had with my branch to my brother-in-law, prompting their offer to buy me out?’ Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

All wills eventually become publicly available in Ireland but not until probate has been granted. Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

Fallon and Byrne, Exchequer Street, Dublin. Photograph: Eric Luke / The Irish Times

Business Today: the best news, analysis and comment from The Irish Times business desk

The Central Bank has warned all parties against adding further spending fuel to an economy that is already running at full capacity. Photograph: Alan Betson/The Irish Times

Business Today: the best news, analysis and comment from The Irish Times business desk

  Cancer patient Maria Waters requires a drug that is not licensed in the State for the treatment of   head and neck cancer. Photograph:    Nick Bradshaw

Woman faces €40,000 bill for drug licensed in Ireland but not for her head and neck cancer

One of Ireland’s biggest banks has called for the introduction of a shared ownership scheme to make home ownership more affordable. Photograph:  Darren Staples/Reuters

Lender says mortgage lending rules are shutting people out of housing market

Inotrem is examining whether it can help treat septic shock by targeting a protein called TREM-1, that is attached to immune cells in the body

Fountain Healthcare invests in French start-up Inotrem which targets condition with 35% mortality rate

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