Some 650 call centre staff working with HCL are threatening industrial action after being told they must either relocate or face “derisory” redundancy packages. Eir is taking the customer service work back in-house. Photograph: Alan Betson / The Irish Times

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

Offaly man John Lyttle has just been named CEO of the Boohoo online retail group

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

Revenue, they are likely to look askance at 2009 losses they have never heard of suddenly appearing on a tax return.

Losses must be declared for Revenue to track them if they are being offset against gains

Pfizer is one of four pharma companies – along with Abbott, Johnson & Johnson (J&J) and Merck –  examined in the report ‘Hard to Swallow: Facilitating Tax Avoidance by Big Pharma in Ireland’. Photograph: Tom Bergin/Reuters

Aid agency says pharma giants are using system to deprive countries of €100m a year

Revenue will consider any of your assets as fair game for assessing inheritance tax.

The source of money in joint names determines the issue of tax liability

Minister for Finance and Public Expenditure & Reform Paschal Donohoe with  Mary Rose Burke, chief executive of Dublin Chamber, and Prof Mike Danson from Herriot Watt University at the Dublin Economic Workshop. Photography: Conor McCabe

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

Minister for Health Simon Harris. The Department of Health papers note that “a key issue for health agencies, where unfunded pension liabilities are recognised, is the absence of a matching pension asset”. Photograph: Brian Lawless/PA Wire

Voluntary providers could receive court orders if they continue with current practices

Bank of England governor Mark Carney has delivered a “chilling” warning to Theresa May’s cabinet that a no-deal Brexit could lead to economic chaos. Photograph: Daniel Leal-Olivas

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

 Eva Milka of Gaelic Escargot, the snail farm and business she runs with her partner Eoin Jenkinson in Co Carlow. Photograph: Bryan O’Brien

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

 There are certain immutables in retirement options in the public service, and one of those is that your start date in the public service is the day you started – regardless of your changing status. Photograph: Getty Images

Q&A: Dominic Coyle answers your personal finance questions

Even though they are exported from Ireland for use in other European countries, five drugs manufactured in Ireland for the treatment of cancer and heart disease are not sanctioned for use here.

Pharma companies says drugs being exported to European markets but are not approved here

Chanelle founder and owner Michael Burke: “We’ve doubled turnover in the last five years, and expect to double turnover again within the next five years.” Photograph: Michael Dillon

Loughrea-based Chanelle Group announces further €86m expansion even as Tánaiste opens latest €10m investment

Independent News & Media chief executive Michael Doorly (left) with retiring chairman Lesley Buckley at the company’s EGM earlier this year. Photograph: Brenda Fitzsimons

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

It could be you? The National Lottery is selling almost 10 per cent of all tickets online now. Photograph: Nick Bradshaw

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

Two members of the Manchester fire department in New Hampshire assess the condition of a man who had overdosed on heroin and who was revived with two doses of Narcan. Photograph: Don Emmert/AFP/Getty Images

US opioid crisis helped growth of overdose rescue drug marketed by Adapt Pharma

 A man administers Adapt Pharma’s rescue drug Narcan as they try to revive a man who overdosed on heroin . The man later came to and was taken to the hospital. Photograph:  Spencer Platt/Getty Images

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

An overdose rescue kit featuring nasal spray and injectable Naloxone at a demonstration in New York. File photograph: Getty Images

Adapt Pharma’s Narcan spray used in the front line of opioid crisis in United States

A man administers Adapt Pharma’s Narcan as they try to revive a man who overdosed on heroin in Philadelphia. The man later came to and was taken to the hospital. Photograph:  Spencer Platt/Getty Images

Adapt Pharma sold to US group Emergent Biosolutions as US opioid crisis drives demand

Kandy Therapeutics is  set to advance trials on a drug it believes could help women deal with hot flushes and night-time sweats linked to menopause. Photograph: PA Wire

Irish healthcare venture capital group Fountain among backers of HRT alternative

The dwelling house exemption can enable someone inheriting a home to avoid  inheritance tax.

Q&A: Tax implications highlight importance of making a will

There is no obligation to provide for non-dependant children in a will.

Q&A: Position of children of direct descendants clear under Succession Act

Pensions consultants Mercer have raised alarm at indications that the Government might reduce tax relief on retirement savings.

Consultants Mercer also opposes exclusion of close to 700,000 workers from auto-enrolment scheme

Under the proposal, all PAYE workers between the ages of 23 and 60 earning more than €20,000 will be automatically enrolled in a pension in 2022 if they are not already signed up to a scheme. Photograph: Krisztian Bocsi/Bloomberg

State, employers and workers will all contribute to proposed scheme from 2022

The number of homes built in the second quarter was up 34 per cent on this time last year, but it is still far short of demand. Photograph: Rui Vieira/PA Wire

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

Capital gains is a self-assessed tax – the Revenue relies on you being honest in submitting your claims and liabilities.

Q&A: If there is no profit, the issue of capital gains tax does not arise.

Anthony Smurfit CEO (left) of Smurfit Kappa Group, and Liam O’Mahony, chairman, pictured at the company AGM in Dublin earlier this year.

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

Irish international polo player Siobhán Herbst (astride horse) with colleague April Kent: Ms  Herbst is running what she says is Ireland’s largest polo event, for charity, in Phoenix Park.

Siobhán Herbst creates equine firm to supply alternative to dear Argentine bloodstock

The Health Service Executive says it has approved six cancer therapies this year and 24 since the start of 2016.

Cancer strategy targets ‘to be missed’ if new generation drugs not backed by Government

Bruce Cozadd, chief executive and chairman of Jazz Pharmaceuticals, which saw its shares fall more than 6 per cent overnight as it lowered full-year guidance. Photograph: Dara Mac Dónaill

Irish drug group reports 27% rise in sales but profit slips and supply disruptions remain

Iranians walk by mural painting of the founder of the Islamic Republic Ayatollah Ruhollah Khomeini on the wall of the former US embassy in the Iranian capital Tehran was US President Donald Trump warned countries against doing business with the country. Photograph: Atta Kenare/AFP/Getty Images

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

Once you become an executor to a person’s estate, you are answerable for life for any actions taken as executor.

Q&A: Executors can be made personally liable for loss if negligent

There is nothing in the legislation to say you have to go to a registered contractor for your self-build. Photograph: iStock

And can I use Help to Buy scheme to help me with my deposit for the mortgage?

Drug companies have warned against moves to weaken protections for intellectual property  rights in Europe. Photograph: Getty Images

EU states expected to discuss plans to loosen restrictions on manufacturing by generics firms

K Club owner Michael Smurfit has been subpoenaed to appear at the High Court. Photograph; Dara Mac Dónaill

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

Medicines for Ireland says the generic substitution and reference pricing regime has delivered savings of €1.6 billion to the State since 2013. Photograph: Russell Boyce/Reuters

Spending on high-tech drugs almost doubles to over €660m in nine years

Minister of State Pat Breen with Lauren Blake, software test engineer at BD, at the formal opening of the medical device company’s new centre of excellence in Limerick. Photograph: Liam Burke/Press 22

Medical device firm with 54-year history in Ireland officially opens centre of excellence

According to research, on average people start saving for retirement aged 37 – too late, Irish Life says. Photograph: Getty Images

Report says sector needs to make pensions more accessible and understandable

The ReActiv8 unit is designed to treat disabling pain in patients with chronic lower back pain through the use of an implant that stimulates nerves to strengthen muscles in the lower back

Group completes back pain neurostimulator implants in all 204 patients enrolled in test for device

“We need the house sold but it seems to be a huge cost involved if we employ a solicitor barrister.”

Sibling reluctant to vacate family home after death of parents causes much angst

Two of the three main depositaries for Revenue-sanctioned SAYE schemes are based in England. Photograph: Getty

Over 10,000 Irish employees face being left out of pocket on save-as-you-earn schemes

The K Club golf resort in Straffan, Co Kiladare is named as a defendant in a High Court case over an alleged threat made to a former employee. Photograph: Alan Betson

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

Photograph: iStock

Society of Actuaries rejects idea for SSIA-type scheme as way to make pensions accessible

The Category A tax threshold on inheritances and gifts has absolutely no bearing on dwelling house relief. Photograph: iStock

Confused over whether daughter will pay tax if we leave her our home

It’s difficult enough to get on the housing ladder these days without lenders putting unnecessary barriers in the way. Photograph: iStock

My girlfriend’s dad wants to give her €35,000 towards a house but the bank says tax is due

The Irish Pharmaceutical Healthcare Association says the Government accepts that its medicines bill has been “relatively stable” at about €1.7 billion for the past five years. Photograph: Cyril Byrne

Government to save €15m this year as prices fall across 750 drugs

Is a slowdown in house price growth in sight? Photograph: Rui Vieira/PA Wire

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

Tommy Nielsen, chairman of the Association of Pension Trustees in Ireland: Complexity, he argues, is a defence for paralysis at the Department of Social Protection

Government plan for public consultation on auto-enrolment a ‘deflectionary tactic’

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

The sale Phoenix Group will trigger a “return of value” of about £1.75 billion to the group’s shareholders – including almost 57,000 in Ireland

Overwhelming support for sale of insurance business in Ireland and Britain to Phoenix

In France and Ireland – but not the UK – inheritance tax is levied on the beneficiary and not on the estate.

France levies tax of 55 per cent on inheritance over €8,000 threshold

The All Blacks perform the haka in Eden Park, Auckland, in 2017. Standard Life’s return of capital to shareholders will be broken into two sums – £1 billion and £750 million. Photograph: Peter Meecham/ Inpho/Photosport

Company to conduct share consolidation alongside return of £1.75 billion

Tier One managing director Kevin Coughlan says the process of pensions reform has continued behind closed doors.

Government should focus on simplifying regulation, lobby group says

AuriGen Medical founders Tony O’Halloran, chief technology officer, and chief executive John Thompson at their office in NUI Galway. Photograph: Aengus McMahon

AuriGen Medical rated first of 1,280 firms in Horizon 2020 funding round across Europe

“The world of data is in upheaval because existing technology does not work,” says Data Chemist chief executive Kevin Feeney. Photograph: iStock

Data Chemist technology allows connections in data to be mapped

A total of €9.4 million in settlements was agreed with 61 taxpayers

Valerie Donnelly is one of 61 taxpayers named in defaulters list

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

Which precise rules apply depend on where the inheritor and the donor live at the time of death, or possibly even which third country a property is located in.

Q&A: What are the tax rules for both ourselves and our children?

Patent protection rules that curb competition for medicines in markets outside the European Union should be changed, the European commission has proposed. Photograph: Julien Behal/PA Wire

Big pharma companies object to change that would allow generic manufacture of protected medicines for markets outside the bloc

The war of words between Michel Barnier and David Davies shows no sign of abating as the Brexit deadline draws ever closer.

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

Neurent Medical founders David Townley, chief technology officer and Brian Shields, chief executive: The company hopes to begin the first of two clinical trials next year, possibly in the US. Photograph: Michael Dillon

Galway medical device firm developing rhinitis cure device for use in doctors’ offices

The Irish Association of Pension Funds  survey showed that almost two-thirds of companies have acted to derisk their pension fund investment strategy. File photograph: Getty Images

Irish Association of Pension Funds analysis reveals most schemes closed to new members

Reforming the amount of tax relief on pension contributions  is unlikely to result in increasing the saving habits of lower paid workers, according to an ESRI report.

ESRI report says changes to level of tax relief unlikely to benefit lower paid workers

The founder and chief executive of Facebook Mark Zuckerberg leaves the European Parliament after an hearing in Brussels. Mr Zuckerberg appeared before the European Parliament representatives to answer questions in a live broadcast on data information breach by Cambridge Analytica and also how Facebook uses personal data in general. Photograph: EPA/Stephanie LeCocq

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

When the State acquired a 99.8 per cent share AIB in order to prop it up, that effectively meant the investors who previously owned 100 per cent of the bank now owned by 0.2 per cent.

Q&A: Unless the shares are sold, there’s no capital loss to use

Any communications from Computershare relating to a Eircom shareholding would be helpful when seeking information about it from the registrar. Photograph: Aidan Crawley/Bloomberg

Q&A: Shareholders should always keep documentation relating to their shares

David Cadogan and Killian MacDonald of Gilead Sciences:  firm has invested more than €190 million in its Irish business since first opening here in 1999.

Biopharma firm’s Carrigtwohill quality control lab to boost output for overseas markets

Carillion: a cocktail of greed, arrogance, incompetence and aggressive accounting practices combined to bring the business down, MPs state in their report on its collapse. Photograph:  Daniel Sorabji/AFP/Getty Images

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

“If you are Irish domiciled, the full gain on any sale of your Indian property is taxable in Ireland under our capital gains tax regime; however, if you are Indian domiciled, Ireland will tax you only on the amount you bring into the State to help you buy your new home here.”

Q&A: Key issue in relation to tax liability is where you are domiciled

President Donald Trump: his decision on Iran could damage Irish trade just as he looks to U-turn on a previous US blockade of a Chinese firm Photograph: Evan Vucci/AP Photo

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

Lawyerly advice and good sense dictates one should do everything possible to avert a family row over your inheritance. Photograph: iStockphoto/Getty Images.

Q&A: If you are changing your will, you really do need to go through a solicitor

It is not uncommon for parents to amend   their wills as circumstances change.

Q&A: Most lawyers will advise setting up a trust to provide for care of children

By inheriting a second property from a parent, along with the family home, a person no longer qualifies for the dwelling home exemption as they are deemed to have an interest in another property. Illustration: iStock

Q&A: Inheriting family home and second property means both come into tax net

The relief from capital gains of the sale of someone’s principal private residence is one of the best known tax reliefs  A person can receive cumulative gifts and/or inheritances from their parents of €310,000 under current rules without incurring a tax liability. Photograph: iStock

Q&A: Property gift could incur liability under gift tax or capital acquisitions tax

Ardagh chairman and chief executive Paul Coulson, hailed the benefits of scale and diversity as the company reported strong earnings Thursday despite falling sales at its US glass business. Photograph: Frank Miller

Strong performance in metals and European glass operations offsets falling sales and rising costs at North American glass business

HiberGene chief executive Brendan Farrell said the company was halfway through its latest fundraising round.

Company raising €5 million for product development and global commercialisation

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

Photograph: iStock

Cancer drugs feature in list of therapies waiting HSE approval on cost grounds

Ireland’s pension liability as a percentage of GDP is low relative to other countries, reflecting Ireland’s comparatively young population.

Ireland less exposed to pension liabilities than other EU states, CSO figures show

Artist’s impression of new MSD site at Swords, expanded  to 43,000sq m from previous 31,000sq m plant.

Biotech facility to employ 350 on repurposed and expanded Dublin site

Former INM chairman Leslie Buckley, who is reported in court documents to have passed on confidential information to INM shareholder Denis O’Brien about communications minister Denis Naughten’s plans to refer the Celtic Media merger to the regulator. Photograph: Brenda Fitzsimons

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

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