Results 1-20 of 33,848 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (9 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 135 and 151 together. The Economic and Fiscal Outlook document published as part of Budget 2026 sets out the latest fiscal projections. It provides an update regarding the impact on revenues from the OECD’s Two Pillar Framework and notes that international tax negotiations are still ongoing. An estimate of c. €3 billion for next year was...

Written Answers — Department of Finance: Tax Data (9 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 136, 137, 138, 139, 160, 161, 162, 163 and 164 together. The Carbon Tax is an environmental tax on fossil fuels based on the polluter pays principle. Finance Act 2020 legislated for annual increases to the carbon tax of €7.50 up until 2029 and €6.50 in 2030, when the rate will reach €100 per tonne of carbon dioxide. This multi-annual...

Written Answers — Department of Finance: Tax Data (9 Oct 2025)

Paschal Donohoe: The 2020 Programme for Government committed to bringing in a targeted taxation regime to specifically discourage vaping and e-cigarettes, in order to support health and well-being objectives. The E-liquid Products Tax, legislated for in Finance Act 2024 and due to commence on 1 November 2025, achieves that aim. Although e-cigarettes may be used as a cessation device in some instances,...

Written Answers — Department of Finance: Tax Reliefs (9 Oct 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 provides for tax relief where an individual proves they have incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which have been carried out or advised by a practitioner, will qualify for tax relief. Broadly, “health care” is...

Written Answers — Department of Finance: Departmental Data (9 Oct 2025)

Paschal Donohoe: The Ireland Strategic Investment Fund (ISIF) portfolio is constructed within the legislative framework set for it by the Oireachtas. ISIF has, to date, completed several divestment programmes and excluded investments from the Fund. Exclusion is used on a limited basis, reflecting exclusions mandated by legislation including the Fossil Fuel Divestment Act 2018 and the Cluster Munitions...

Written Answers — Department of Finance: Departmental Contracts (9 Oct 2025)

Paschal Donohoe: I can inform the Deputy of the following completed external consultancy contracts, that have been entered into by the Department of Finance where the final cost is known. My department endeavours to use internal resources insofar as possible however there are instances where external resources are required. My department complies with EU and Irish regulations and guidelines in the procuring...

Written Answers — Department of Finance: Tax Credits (9 Oct 2025)

Paschal Donohoe: Environmental taxes, including on auto fuels, are an important policy lever for Government in both raising revenues and supporting climate policy. The use of carbon tax revenues plays an important role in insulating the most vulnerable from the increases in the tax and in supporting decarbonisation and energy efficiency programmes across buildings, agriculture and transport. Accordingly,...

Written Answers — Department of Finance: Revenue Commissioners (9 Oct 2025)

Paschal Donohoe: I am informed by Revenue that tax compliance programmes are kept under constant review to ensure that they are focused on the areas of greatest risk, including risks from the shadow economy. Challenging shadow economy activity and actively restricting opportunities for deliberate tax and duty evasion continues to be an organisational priority for Revenue. Since 2021, a sectoral shadow economy...

Written Answers — Department of Finance: Departmental Equipment (9 Oct 2025)

Paschal Donohoe: I can confirm for the Deputy that my department takes cyber, network and data security extremely seriously.   All members of staff issued with a department owned laptop or mobile phone must confirm their acceptance of the department’s relevant ICT and mobile phone policies. These policies require staff to inform our IT providers immediately if their department issued laptop...

Written Answers — Department of Finance: Departmental Expenditure (9 Oct 2025)

Paschal Donohoe: I wish to inform the Deputy that neither my department nor the bodies under its aegis have purchased software within the last five years which was deemed no longer useful or unfit for purpose during or by the end of the contract.

Written Answers — Department of Finance: Tax Data (9 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 148 and 149 together. I am advised by Revenue that information in relation to Stamp Duty receipts, including the yield from the 1% Life Assurance Levy, can be found on the statistics page of the Revenue website at www.revenue.ie/en/corporate/documents/statistics/receipts/st amp-duty-receipts.pdf I am advised by Revenue that mortgage protection policies are...

Written Answers — Department of Finance: Budget 2026 (9 Oct 2025)

Paschal Donohoe: I am aware of the importance of supporting retail investment. As the Deputy may be aware, in October 2024, ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’ was published, following a wide-ranging review of the funds and asset management sector. This report includes 42 recommendations to ensure that Ireland’s funds sector framework remains...

Written Answers — Department of Finance: Tax Reliefs (9 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 152, 153, 154, 155 and 156 together. The position is that the Redundancy Payment Acts 1967 – 2014 impose a statutory obligation on employers to recompense employees dismissed for reasons of redundancy, laid off or kept on part time for a minimum period. This includes statutory redundancy, which is calculated on the basis of two weeks’ pay per...

Written Answers — Department of Finance: Tax Reliefs (9 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 157 and 158 together. My Department has not conducted or commissioned a comparative analysis as set out in the deputy's first question. However, and as the deputy may be aware, Finance Act 2024 introduced the Residential Premises Rental Income Relief (RPRIR). It provides relief, at the standard rate, on a portion of a landlord’s residential rental...

Written Answers — Department of Finance: Tax Reliefs (9 Oct 2025)

Paschal Donohoe: The Deputy should note at the outset that “Roll-over relief” (under which the CGT payable on the proceeds of a gain was deferred if the proceeds were reinvested with the result that the tax liability is not realised until the assets are eventually sold) was abolished in Budget 2003 for disposals after 4 December 2002.  A rollover relief applied in respect of gains on...

Written Answers — Department of Finance: Tax Reliefs (8 Oct 2025)

Paschal Donohoe: The Help to Buy incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment It also has as an aim to encourage additional supply of new houses by supporting demand. The scheme provides a refund of Income Tax and Deposit Interest Retention Tax paid in Ireland over the previous four years, subject to certain limits and is legislated...

Written Answers — Department of Finance: Insurance Coverage (8 Oct 2025)

Paschal Donohoe: I would like to thank the Deputy for their question regarding the implementation of legislation for the Right to be Forgotten for cancer survivors in the context of access to mortgage protection insurance and the Central Bank (Amendment) Bill 2025. The Government is firmly committed to advancing this important legislative reform and it is a key commitment in the Programme for Government...

Written Answers — Department of Finance: Tax Reliefs (8 Oct 2025)

Paschal Donohoe: From 1 January 2023, new rates of benefit-in-kind (BIK) were applied to the provision of an employer-provided car, which take into account the CO2 emissions of the car. The amount taxable as a BIK remains determined by the car's original market value (OMV) and the annual business kilometres driven, with new CO2 emissions bands used to determine whether a standard, discounted, or surcharged...

Written Answers — Department of Finance: Tobacco Control Measures (8 Oct 2025)

Paschal Donohoe: The E-liquid Products Tax (EPT), legislated for in Chapter 1 of Part 2 of the Finance Act 2024 and due to commence from 1 November 2025, applies to the liquids used in e-cigarettes, including refill cartridges for refillable devices. The tax is not applicable to other product types. As a tobacco-containing product, tobacco pouches would be liable to tobacco products tax. It is understood...

Financial Resolutions 2025 - Budget Statement 2026 (7 Oct 2025)

Paschal Donohoe: The additional revenue arising from the carbon tax increase is estimated at €121 million in 2026 and a full-year additional yield-----