Results 201-220 of 33,848 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Exemptions (17 Sep 2025)

Paschal Donohoe: I am advised by Revenue that an increase in the Small Gift Exemption can not be costed as it is not possible to forecast the number of people who would avail of or benefit from the increased level of the exemption, and to what amount.

Written Answers — Department of Finance: Revenue Commissioners (17 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the capital budget allocations for the Revenue Commissioners in the years 2023, 2024 and 2025 were as outlined in the table below: Vote 09 - Revenue Commissioners 2023 Allocation 2024 Allocation 2025 Allocation € m € m € m Gross Capital Estimate ...

Written Answers — Department of Finance: Fiscal Policy (17 Sep 2025)

Paschal Donohoe: The package announced for Budget 2026 will enable the Government to deliver on key social and economic priorities, while also strengthening our long-term fiscal sustainability. In the Programme for Government, we committed to running budget surpluses and fully funding the Future Ireland and Infrastructure Climate and Nature Funds – with these measures protecting the public...

Written Answers — Department of Finance: Fiscal Policy (17 Sep 2025)

Paschal Donohoe: ‘Windfall’ corporation tax refers to the Department’s notional estimate for the portion of receipts which are not linked to the domestic economy. All Exchequer tax revenues are paid into the Central Fund and not hypothecated for any particular form of expenditure. It is therefore not possible to delineate whether expenditure is funded by specific forms of tax revenue in...

Written Answers — Department of Finance: Fiscal Policy (17 Sep 2025)

Paschal Donohoe: I have noted IFAC’s concerns on the risks to the Irish economy related to a potential overexposure to volatile corporation tax receipts. Indeed, my Department has published several analytical pieces over recent years that identify fiscal vulnerabilities that might jeopardise the sustainability of the public finances. Such analysis has pointed to the exponential growth in corporation...

Written Answers — Department of Finance: Departmental Expenditure (17 Sep 2025)

Paschal Donohoe: My Department publishes bi-annual fiscal projections as part of the Budget and Annual Progress Report (APR) publications. Non-Voted Exchequer spending projections are published on an aggregate level as part of these biannual publications and as such, the most recent projections available in this regard are as set out in the APR 2025, as published in April this year – and available at...

Written Answers — Department of Finance: Primary Medical Certificates (17 Sep 2025)

Paschal Donohoe: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as my...

Written Answers — Department of Finance: Tax Code (17 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the estimated cost of abolishing local property tax (LPT), assuming a 0% Local Adjustment Factor at each local authority, is provided in the table below. The liability below reflects properties where a return has been filed or LPT has been paid for 2025. It is noted that the total figure (€554 million) is the same as the total figure provided in the...

Written Answers — Department of Finance: Tax Yield (17 Sep 2025)

Paschal Donohoe: The 2026 excise duty forecast published in the Annual Progress Report incorporates a carbon tax rate of €71 per tonne in 2026. This figure is calculated on a technical basis and is subject to revision: my Department will update its full set of fiscal projections as part of Budget 2026.

Written Answers — Department of Finance: Tax Reliefs (17 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 320 and 321 together. Section 272 of the Taxes Consolidation Act 1997 provides an industrial building writing-down allowance for a chargeable period where qualifying capital expenditure was incurred on the construction and refurbishment of an industrial building or structure. In general, industrial buildings allowances are available at a rate of 4% annually...

Written Answers — Department of Finance: Tax Reliefs (17 Sep 2025)

Paschal Donohoe: The following specific measures are provided for in the Taxes Consolidation Act 1997 and are exclusive to, and can currently be claimed by, landlords:General Deductible Expenses for Rental Income (Section 97 TCA)Pre-letting expenses relief (Section 97A TCA)Mortgage Interest Relief for landlords (Section 473C TCA)Rental Deduction for Leasing of farmland (Section 664 TCA)In relation to...

Written Answers — Department of Finance: EU Data (17 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 323 and 324 together. The European Commission launched an anti-dumping investigation in May 2025 into Chinese imports of new pneumatic tyres for passenger cars and light lorries after a complaint was received from the Coalition Against Unfair Tyre Imports on behalf of EU tyre producers. The investigation aims to determine if the Chinese imported tyres are...

Written Answers — Department of Finance: Tax Reliefs (17 Sep 2025)

Paschal Donohoe: Further to my reply to a question from the Deputy on 8 September last, and as the Deputy will be aware, the Programme for Government, Securing Ireland’s Future, includes a commitment to “consider measures, in conjunction with the Department of Finance, to encourage gym membership and active participation in sport and exercise.” Officials in my Department considered...

Written Answers — Department of Finance: Primary Medical Certificates (17 Sep 2025)

Paschal Donohoe: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as my...

Written Answers — Department of Finance: Electric Vehicles (17 Sep 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: Tax Data (17 Sep 2025)

Paschal Donohoe: As I outlined in my response to Parliamentary Question No. 559 of 8 September 2025, the purpose of the high-income individuals’ restriction (HIER) measure is to limit certain specified reliefs so that the relevant cohort of high income taxpayers is paying a minimum effective rate of tax. The continued reduction in the numbers of those subject to the restriction is due to the...

Written Answers — Department of Finance: Statutory Instruments (17 Sep 2025)

Paschal Donohoe: I can confirm for the Deputy that to date in 2025 I have signed the following 53 Statutory Instruments: SI Number of 2025 Title 16 European Union (Restrictive Measures against Cyber-attacks threatening the Union or its Member States) Regulations 2025 17 European Union (Restrictive Measures concerning Libya) Regulations...

Written Answers — Department of Finance: Tax Exemptions (17 Sep 2025)

Paschal Donohoe: Section 216D of the Taxes Consolidation Act 1997 provides that profits of up to €400 per year arising to an individual from the generation of electricity from renewable, sustainable or alternative sources of energy at the individual’s sole or main residence for the individual’s own consumption (referred to as the micro-generation of electricity) is exempt from Income Tax,...

Written Answers — Department of Finance: Departmental Policies (17 Sep 2025)

Paschal Donohoe: The implementation of the Automatic Enrolment Retirement Savings System, known as My Future Fund, is a key commitment in the Programme for Government-Securing Ireland’s Future and is being led by the Department of Social Protection. A primary objective of auto enrolment is to address the relatively low proportion of private sector employees in Ireland with supplementary pension cover...

Written Answers — Department of Finance: Tax Data (17 Sep 2025)

Paschal Donohoe: I am advised by Revenue that domestic electricity is subject to the second reduced rate of Value-Added Tax (VAT) of 9%, which will remain in place until 31 October 2025. Thereafter, the rate is scheduled to revert to 13.5%. VAT currently accounts for approximately 8.3% of the average VAT-inclusive bill. It should be noted that electricity customers are on a range of tariffs and have...