July 2025

Welcome to the July edition of HTH Accountants’ monthly newsletter! We send this out every month with news for our clients and friends about financial news and events in Ireland. Some folk are still on holiday, but August, the last bank holiday of the summer, and the back-to-school rush are coming, so it’s time to look at getting things going again. We’re available to help on (01) 541 1446!

Cash is used for only 12% of purchases in Ireland; down from 33% pre-pandemic

A report from Bank of Ireland says that the use of cash in transactions in Ireland has declined steeply since 2020 and the COVID-19 pandemic. ATM withdrawals are also down. Meanwhile, credit and debit card spending by Bank of Ireland customers was up 5.7% in June compared to the same month last year.

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Section 22 of companies act brings flexible audit exemption regime for small companies

The Minister for Enterprise, Trade and Employment has announced the commencement of Section 22 of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024. This key provision introduces a more flexible audit exemption regime for small and micro-sized companies in Ireland. Under the previous rules, companies automatically lost their audit exemption if they filed their annual return late with the Companies Registration Office (CRO), even once.

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1 in 4 businesses yet to take action to prepare for pension auto-enrolment

One-in-four businesses in Ireland have yet to take any action to prepare for the introduction of pension auto-enrolment ahead of its launch on 1 January 2026, according to a new survey.

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