Dominic Coyle

Dominic Coyle

Deputy Business Editor

Dominic Coyle is Deputy Business Editor at The Irish Times

Karen Clince CEO of Tigers Childcare at the company’s facility in Leopardstown. They have 12 such centres in the greater Dublin area, and one in the UK. Photograph Nick Bradshaw
‘We have something we should really be proud of in regards to how we treat children’

Karen Clince started Tigers Childcare 18 years ago and has seen it grow into one of the State’s largest childcare providers

Moves to reform the global tax system will be “re-energised” under Joe Biden, Minister for Finance Paschal Donohoe has said.
Tax bills for 400,000; turning waste to gold at Beauparc; and Ikea disappoints its disciples

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

More than 400,000 PAYE workers face tax bills on Friday for payments they received under Covid wage subsidy schemes.
More than 400,000 face tax bills for Covid wage subsidies

Revenue issues end of year statements to all PAYE employees

Moderna started shipping doses of its vaccine in Europe on Monday. Photograph: Joseph Prezioso / AFP
First doses of Moderna vaccine arrive in Ireland as EU chief defends supply

AstraZeneca seeks green light while Chinese vaccine disappoints in trial

Everything my father worked for all his life has been left to the others and not even a photo have I received. Photograph: Getty Images
I've been shut out of the will by my stepmother

Q&A: Dominic Coyle answers your personal finance questions

Pharma giant Pfizer has begun offering its own staff access to the Covid-19 vaccine the company developed with German company BioNTech. Photograph: Stephanie Lecocq
Moderna starts shipping supplies of Covid-19 vaccine in Europe

Pfizer vaccinating its ‘site-essential’ staff across EU

Consumers returned to the shops in December, figures show.
Festive shopping boom; INM plays for time; and dealing with work-shy colleagues

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

Incentives for homebuyers in Ireland these days are aimed at first-time buyers. Photograph: Frank Miller
Returning to Ireland to buy a home: are there any incentives on offer?

Q&A: Dominic Coyle answers your personal finance questions

Vials of the Pfizer/BioNTech Covid-19 vaccine. Photograph: Sebastien BozonAFP via Getty Images
EU paying less than US for supplies of Covid vaccine

Trading bloc now accounts for half of all agreed supplies of Pfizer vaccine

The European Medicines Agency (EMA) has approved a second Covid-19 vaccine, from US group Moderna, for use in EU states, including Ireland. Photograph: Joseph Prezioso/AFP via Getty Images
Second Covid-19 vaccine wins EU approval

Ireland in line for initial supply of 880,000 doses of Moderna vaccine

The first rule of balancing your personal books is that you use any resources that come your way to pay off debt before investing in savings. Photograph: iStock
Nest egg choices are limited if you’re averse to taking a risk

Q&A: Dominic Coyle answers your personal finance questions

Family structures have clearly changed quite a lot since much of Ireland’s tax law was first written
Taking care of my step-grandchildren when I die

Q&A: Dominic Coyle

If Aer Lingus sees customer service as one of its unique selling points over rivals – as it has done until now – it has a lot of lost ground to make up. Photograph: Cathal McNaughton/ Reuters
Aer Lingus fails to deliver service on cancelled flights

Passengers still waiting in the dark for months on vouchers and refunds

My partner’s brothers and sisters sold their dead sister’s house for €190,000. He got nothing.
Was I wrongly cut out of sister’s estate when she died?

Q&A: Dominic Coyle

Photograph: Nick Bradshaw
Will giving cash to family for Christmas leave them with a tax bill?

Q&A: Dominic Coyle answers your personal finance questions

When it comes to money, to inheritance and to family assets, informal is a recipe for disaster and has the potential to prove very expensive if matters end up in court as such things are wont to do. Photograph: iStock
Family at odds over money left by dad

Q&A: Informal agreements can lead to long-term discord

Pfizer’s Covid-19 vaccine has received the backing of an expert panel of advisers to the US Food and Drug Administration for emergency use authorisation.
Covid vaccine gets green light from US FDA advisory panel

Regulator set to approve Pfizer/BioNTech vaccine within days

The Government debated legislation to ensure the state pension age remains at 66 until the Pensions Commission concludes. Photograph: iStock
State pension ‘not a given’ for young workers – Chartered Accountants

Argument over state pension age avoid bigger threat to retirement income

US drug giant MSD has announced plans to create 240 jobs as it extends a biologics plant it acquired in Dunboyne, Co Meath earlier this year. Photograph: Brenda Fitzsimons
MSD announces 240 new jobs with expansion at Dunboyne

Pharma giant to build research centre next to biologic medicines plant acquired this year

Joe Wiley, chief executive of Amryt Pharma, which has raised €33 million in a share placing
Butterfly skin drug group Amryt announces €33m fundraise

Placing of shares comes ahead of submission to regulators for approval of drug for rare condition

A new report says it will likely be the end of 2023 before housing supply meets demand as a result of the disruption caused in the construction sector by the pandemic. Photograph: iStock
Housing: the money divide; Norwegian buys time; and Covid delivers for Flipdish

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

There are rules about giving money to family members. And the impact is different obviously, depending on whether it is a loan or a gift. Photograph: iStock
Lending to family can prove to be a tricky business

Q&A: I’m really worried I’ve to pay a heavy tax on the loan from my brother in the US

The Covid-19 pandemic has increased the risk that people will not be able to save enough for their retirement, according to a new OECD study.
Covid-19 poses long-term threat to pension savings - OECD

Reports warns against allowing early access to retirement savings

One key element of the capital gains tax code is that any CGT dies with the owner. Photograph: Yui Mok/PA
Will move into second home leave a tax bill behind us?

Q&A: Will our kids have to pay CGT if they sell it after we die?

European regulators have been operating rolling reviews of various late stage vaccine candidates as part of an effort to fast-track approval for effective vaccines
Pfizer/BioNTech vaccine: what you need to know about UK approval

Q&A: Britain rushes to start Covid vaccination campaign

Banks will be allowed offer payment breaks to business and individual customers again. Photograph: Benoit Tessier/Reuters
Payment breaks on loans get green light again from watchdog

Irish banks decline to avail of relaxed European Banking Authority rules for customers

The EU is using Ireland’s experience during the financial crash to shape its Covid economic policy, Minister for Finance Paschal Donohoe said. Photograph: iStock.
Ireland sets EU policy; Tax take to fall; and Krispy Kreme in the heart of Dublin

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

Capital gains tax: “There is an exemption for people who are not living in their home because they are receiving care in a hospital, convalescent home or nursing home, or where they now reside in a retirement home for which they are paying.” File photograph: Getty
Will nursing home care put tax charge on family home?

Q&A: Dominic Coyle

Mairéad McCaul
Mairéad McCaul to lead MSD’s human health drug business in Ireland

McCaul will also become head of the pharma giant’s country leadership team

Profits were up at the Irish arm of LinkedIn last year.
LinkedIn delivers; winning and losing at Supermacs; and managing meeting monsters

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

There is no way the Central Bank will approve any withdrawal by the bank from the Irish market or sale of its assets here without ensuring the tracker mortgage issue is concluded. Photograph: Nick Bradshaw
Ulster Bank dragging feet on tracker mortgage review

Q&A: Dominic Coyle answers your personal finance questions

Drinkers at a Cork pub, following the re-opening of ‘wet pubs’ outside Dublin in September. Photograph: Daragh Mc Sweeney/Provision
Wet pub openings fuelled rise in Irish Covid infection rates – report

Seen & Heard: Publican ‘beaten to a pulp’; CRH repays Covid supports; commercial property fears

Online shopping can lead to surprise additional tax charges before Revenue will release your goods. File photograph: Getty
Online shoppers face unwelcome tax surprise

Revenue levied about €68m in tax on gifts last year after intercepting goods at postal sorting depots

Financial wellbeing: the priority for any person or couple must be to provide for themselves: Photograph: Getty
Son putting elderly dad under pressure to sign over land

Q&A: Dominic Coyle answers your personal finance questions

The survey of 1,000 adults found that only 28% at the early stages of their career (aged between 25 and 34) believed they would primarily be dependent on the State pension in retirement. File photograph: Getty
Workers have little idea of the cost of retirement income

Only one in four workers accurate in how much needed to save for €200 weekly pension

In Ireland you are allowed deduct expenses involved in the sale of the property from any gain before considering tax. Photograph: iStock
Must I pay tax on sale of inherited apartment in Baltics?

If you transfer the money to an Irish account, it may be subject to capital gains tax

The financial impact of the Covid-19 pandemic on healthcare providers is a factor in the rising cost of premiums worldwide
Private health premiums may rise by up to 7% in 2021

Extra Covid costs and impact of delayed procedures will push insurance costs higher

Norwegian Air’s key Irish subsidiaries sought High Court protection from creditors in the latest bid to rescue the troubled Scandinavian airline group. Photograph: Jonathan Nackstrand/AFP via Getty Images
Spar’s €56m payday; Norwegian hits turbulence; and a crisis of the State’s own making

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

It might be worth your while securing specialist advice from a tax adviser familiar with the Canadian tax code. Photograph: iStock
Why am I paying Irish tax on income already taxed in Canada?

Q&A: Dominic Coyle answers your personal finance questions

EBS refused my application as I work for an airline and that’s high risk – even though we have not been subject to any reduction in pay. Photograph: Getty Images
Blacklisted by EBS for mortgage because I work for an airline

Q&A: Dominic Coyle answers your personal finance questions

France’s inheritance laws and inheritance/gift tax structures can be a minefield so make sure that whatever arrangements you put in place will be acceptable under French law. Photograph: iStock
Inheriting property in France can be a complex process

Q&A: Dominic Coyle

You will also need to make sure everything is in writing and that you have full receipts for the enhancement works. Photograph: Getty
Can I save on capital gains tax with a little house upgrade?

An attic extension will qualify as enhancement expenditure, but a paint job will not

Mater Private opens two new day hospitals in Dublin

Sites at Cherrywood and Northern Crossmark €13m investment by group and will create 50 jobs

The Irish Tax Institute has called on Minister for Finance Paschal Donohoe to withdraw the measure which, it noted, was introduced without consultation. File photograph: The Irish Times
Government accused of stacking odds against taxpayers

Finance Bill proposes to absolve Revenue of obligation to pay interest on disputed tax bills

Chanelle founder and chief executive Michael Burke will continue to lead the company’s R&D strategy. Photograph: Michael Dillon
Chanelle Pharma starts search for new chief executive

Founder and current CEO Michael Burke to move to post of executive chairman

Photograph: iStock
CPL buyout, travel restrictions relaxed and Perrigo’s tax ruling

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

Minister for Social Protection Heather Humphreys, who has secured Cabinet approval for the new Pensions Commission
Forced retirement in private sector faces Pension Commission review

Former Revenue chairwoman Josephine Feehily will head review on state pension age and related issues

Aidan King, Dr Manus Rogan and Dr Ena Prosser of Fountain Healthcare Partners. Photograph: Nick Bradshaw
Fountain closes third life sciences fund after raising €125m

Group eyeing up to 10 investments, mostly in therapeutics and medical device sectors

The Revenue Commissioners are quite picky about what qualifies as derelict and what doesn’t. Photograph: iStock
Will help-to-buy scheme fund a rebuild if I demolish a property?

Q&A: Dominic Coyle

Failure to charge you would mean the tax authorities getting no charge on profits you made in the fund, and that was never going to happen
Widow faces €300 tax charge for cashing in investment

Alas there is no escape from exit tax on drawing down funds from such investments

Pharma giant Pfizer has announced a €300 million investment in Ireland which will see jobs added at three of its plants here. Photograph: Dominick Reuter/AFP via Getty Images
Pfizer announces €300m investment across three Irish sites

Ringaskiddy plant will manufacture early-stage drugs for clinical trials

Prices in Dublin hotels and holiday accommodation have fallen by 25 per cent as a result of the pandemic
400 new jobs in testing and software; bleak horizon for hotels; and Cork firm goes for China

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

Solvotrin chief executive Pat O’Flynn (centre) with chief operating officer Ronan McClafferty (left) and George Walsh, chief financial officer
Supplements group Solvotrin raises €6.7m to fund China, US expansion

Latest fundraising values Cork-based healthcare group at €45m

Aer Lingus is talking to UK government officials about operating direct flights from England to the United States. Photograph: Tom Honan
Retailers seek rent-free ‘Covid clauses’ from landlords

Seen & Heard: Playing the planning system; and Aer Lingus plans UK-US flights

The data on the platform can also help with infectious diseases, autoimmune conditions like rheumatoid arthritis and osteoarthritis and cardiovascular disease. Photograph: iStock
Diagnostics company Diaceutics launches €26m precision medicine platform

Belfast-based company aims to reduce the time it takes for a patient to secure the optimal treatment for his or her condition

PTSB is unlikely to end up buying Ulster Bank
Permo is cool on Ulster deal; red light for travel; and Johnny Ronan loses out

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

A quick check of the rates shows that Ulster’s 2.6 per cent is still short of the 2.2 per cent on offer at Avant if your loan is less than 80 per cent loan to value. Photograph: Gareth Fuller
Am I crazy to consider switching to an Ulster Bank mortgage?

Q&A: Dominic Coyle

For 20 years’ work, you will get almost the same pension as someone who paid into the system for up to 50 full years.
How much state pension will I get next year?

Q&A: Dominic Coyle

Yoga and Pilates studio owner Colm Walsh: ‘I’ll have to get another job, even though I still have to run a business which paid over €100,000 in income tax and VAT last year’
‘Disproportionate’ and ‘devastating’: Business owners on Level 5

‘We will be left with no option but to lay off the majority of our workforce’

Neuromod chief executive Ross O’Neill (right) with Manus Rogan, managing partner at Fountain Healthcare Partners. Photograph: Nick Bradshaw
Tinnitus group Neuromod raises €10.5m for expansion

Fundraising to push commercialisation and advance entry to US market oversubscirbed

If your mum funds her nursing home care with Fair Deal, the nursing home will take 80 per cent of her income to fund the cost along with 7.5 per cent of any assets she has in excess of €36,000
Fair deal? Family at odds with hospital and each other not so sure

Q&A: Dominic Coyle

Chis Nowers, who has been appointed chief executive of ONK Therapeutics.
Mulligan backs ONK Therapeutics in $8m funding

Galway company is developing enhanced natural killer cells to target cancers

Shopping is not a hotbed of Covid infection, new figures show. Photograph: Luke MacGregor/Bloomberg
Homes for sale at 14-year low; retailers deliver on Covid; and a welcome clearout of normality

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

Minister for Finance Paschal Donohoe at a press conference in Government Buildings on Tuesday. Photograph: Julien Behal Photography/PA Wire
Budget 2021: Irish Times readers focus on Covid and green issues

Q&A session also covered new student payment plan and tax debt warehousing for landlords

The Minister has extended a measure that he put in place in the 2017 Finance Act to encourage the consolidation of smaller farms
Farmers get extension to stamp duty reliefs

Minister also increases payment for ‘flat rate’ farmers

The last government announced plans to increase the age of retirement to 67 next year and 68 in 2028, but it became a major issue during the general election campa.
State pension age will not rise in January, Minister confirms

Budget 2021: Pensions Commission will be established and would consider eventual report ‘in due course’

An Aer Lingus customer services desk in the departure hall at Dublin Airport. Photographer: Aidan Crawley/Bloomberg
Aer Lingus struggles to resolve ticket refund fiasco

Q&A: Dominic Coyle

A Dublin company chasing a cure for one of the most common forms of leukaemia has raised €30 million.
Irish leukaemia drug firm Priothera raises €30m to develop therapy

Key players in Dublin-based start-up were involved in successful Inflazome venture

Paul Reid of Pfizer is taking over as head of industry body Ipha. Photograph: Dara Mac Dónaill / The Irish Times
A lot on the table as Big Pharma prepares to sit down with State over medicines

State’s lack of a clear budget structure for medicines is a frustration for Big Pharma

Help to Buy has been one of the very few incentives available to homebuyers over the last few years. Photograph: Cathal McNaughton/Reuters
Help to Buy: will phased tax payment affect relief?

Q&A: Dominic Coyle answers your personal finance questions

Minister for Finance Paschal Donohoe: has said liability will be spread over four years, starting in 2022. It will most likely be paid by way of a reduction in tax credits, reducing take-home pay. Photograph: Gareth Chaney/Collins
Tax bill waiver on wage subsidy schemes urged

Hundreds of thousands of workers have extra tax liability despite lower take-home pay

The easiest solution could be to contact your solicitor for a copy of your loan offer.
Hunting for lost mortgage loan agreement after broker closes down

Q&A: Dominic Coyle answers your personal finance questions

Siobhán Molloy, the Irish boss of public relations group Weber Shandwick, has bought the business out of the ownership of multinational communications group Interpublic
Irish PR agency boss buys group from multinational owner

Siobhán Molloy will retain links with global Weber Shandwick network despite buyout

A measure in the July stimulus package provided that companies could warehouse Covid tax debt, deferring payment until their businesses reopened and then availing of reduced interest rates. Photograph: Nick Bradshaw
Business gets more time to tap discounted tax debt payment plan

Companies now have to end of October to agree 3% interest rate on non-Covid tax debt

Covid’s jobs legacy; chance meeting creates €380m company; and Googlers told to come home

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

Prof Matt Cooper: ‘If you want to get a drug to patients with these really sad diseases that affect us all eventually, or our families, the more shots on goal there are, whether it be Inflazome or someone else.’
Prof Matt Cooper: ‘it’s not about the money; it’s about the patients’

Inflazome, company he founded with Luke O’Neill, sold to Roche for an initial €380m

The health service could save up to €1 billion in its medicines budget over the next five years, according to the group representing the sector. Photograph: Getty
HSE could save €200m a year with off-patent drugs – report

Industry group for generics and biosimilars says drug costs a ‘millstone’ for HSE funding

Ulster Bank on Dame Street in Dublin: There is likely to be a significant gap between a formal decision and actual closure or transfer. Photograph: Sasko Lazarov/Rollingnews.ie
Will tracker mortgage be at risk if Ulster Bank closes?

Q&A: Dominic Coyle

Mortgage rates on investment properties are never as competitive as those available to owner-occupiers. Photograph: Simon Dawson/Bloomberg
Am I paying too much for my buy-to-let mortgage?

Q&A: Dominic Coyle

Under the winter plan, to be published today, the HSE will also employ hundreds of extra staff and seek to ensure 1.5 million people receive the flu vaccine in the weeks ahead. File photograph: Caroline Blumberg/EPA
HSE to provide extra 1,500 hospital beds as part of €600m winter plan

Officials warn Covid infections across country ‘a week or two’ behind Dublin

Photograph: iStock
Will brother’s widow get half of our parents’ estate when they die?

Q&A: Dominic Coyle answers your personal finance questions

Inflazome chairman Dr Manus Rogan, co-founders Dr Matt Cooper and Prof Luke O’Neill, and Dr Jeremy Skillington, vice-president, business development, photographed in 2016. Photograph: Nick Bradshaw
Swiss drug giant Roche pays €380m for Irish biotech Inflazome

Company developing medicines for chronic inflammatory diseases such as Alzheimer’s

Ulster Bank: if a decision is made to close the bank, it won’t be something that happens in a hurry. Photograph: Sasko Lazarov/Rollingnews.ie
Should I switch bank now with Ulster Bank at risk of closing?

Q&A: Dominic Coyle

Last week’s query on Aer Lingus passenger refunds has sparked a wave of emails from readers. Photograph: Clodagh Kilcoyne
Aer Lingus refund delays leave passengers angry

Q&A: Dominic Coyle answers your personal finance questions

Blistering caused by epidermolysis bullosa (EB). Irish company Amryt has developing a drug for the rare medical condition. Photograph: Dave Meehan
Amryt shares surge on success in drug trial for ‘butterfly skin’

Irish specialist in rare diseases says successful drug could tap $1bn market

There has been a growing chasm between the home-owning ambitions of a generation and affordability over the past decade. Photograph: iStock
Ryanair shutdown threat; Ireland’s lost generation; and surviving Google’s U-turn

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

Barry Kennedy: “We’re an organisation that’s playing a critical function in the translation of all these changes that are coming. They are coming fast and furious.”
Plotting the future of industrial technology on the edge of Mullingar

Interview: Barry Kennedy of the Irish Manufacturing Research Centre

There is some annoyance at Google’s failure to be more forthcoming in its reasons for pulling out of the Sorting Office deal. Photograph: Peter Muhly
Google setback not seen as tipping point for Ireland

Tech firms committed to ongoing office plans amid tight supply of high-quality space

Ryanair DAC chief executive Eddie Wilson says Government “mismanagement” has exacerbated damage to its operations. Photograph: Getty Images
Ryanair threatens to shut Cork and Shannon bases for winter

Airline blames Government travel restrictions for damaging its operations

The airline statement said: “Aer Lingus customers with bookings that have been impacted by a schedule change of over two hours, are entitled to a full refund.” Photograph: Cathal McNaughton/Reuters
Aer Lingus flight changes lead to confusion on refunds

Q&A: Dominic Coyle answers your personal finance questions

The current tax-free threshold for gifts or inheritances from a parent to a child is €335,000
Inheritance: can Revenue claim extra tax if thresholds fall?

Q&A; Dominic Coyle

The biggest share sale so far this year has been the €900 million placing by Paddy Power owner Flutter Entertainment.
Listed companies tap stock market, Covid hits tourism, and remote working

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

Photograph: iStock
Green power funding; Dalata looks forward; and all change at Royal Hibernian Way

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

Fair Deal is a system of financial support put in place to help cover the cost of private nursing home care in a State where there is very limited public nursing home provision.
Nursing home charges could leave me homeless

Q&A: Dominic Coyle answers your personal finance questions

Liability to tax on gifts and inheritances under the Capital Acquisitions Tax regime is a point-in-time operation.
Can my parents give me more cash now tax-free thresholds have risen?

Q&A: Dominic Coyle answers your personal finance questions

A capital loss does not expire. You hold on to it and carry it forward until such time as you have made sufficient capital gains on the sale of other assets to fully offset it
Out of pocket on property investments but will I be taxed?

Q&A: Dominic Coyle

The coronavirus lockdown has brought to a head family disharmony in many homes. Photograph: iStock
My relationship has soured but is now the right time to buy a house?

My big concern is the property market in Kildare looks like it will collapse any day

Diamond bailout; inside the meat plants; and CEOs getting bankruptcy bonuses

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

Up to 270 million more people will go hungry in 2020 because of disruptions to harvests and supply chains, Christian Aid warns.
Tax avoidance weakens fight against Covid-19, charity claims

Christian Aid calls for wealth tax to aid developing nations combat pandemic

If I had funds that I want to use to help me buy my forever home in three years, I wouldn’t be putting them into an investment property. The window is to short and the outlook too uncertain – even before you consider the hassle factor. Photograph: Alan Crowhurst/PA Wire
Should I buy an investment property or save for my dream home?

Q&A: Dominic Coyle

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