Results 281-300 of 33,848 for speaker:Paschal Donohoe

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

Paschal Donohoe: Section 469 of the Taxes Consolidation Act (“TCA”) 1997 provides for tax relief where an individual proves that 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,...

Written Answers — Department of Finance: Electric Vehicles (8 Sep 2025)

Paschal Donohoe: Vehicle weights across all engine types are progressively increasing due to a range of factors, such as fleet electrification, the rising popularity of SUVs and larger vehicles, vehicle emissions regulations, stricter safety regulations, technology improvements and consumer preferences. This weight upsurge raises several issues. Heavier vehicles, be they internal combustion engine (ICE) cars...

Written Answers — Department of Finance: Tax Code (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 531 and 540 together. I am advised by Revenue that if the tools are being brought into Ireland from another EU Member State, then no tax is payable on the tools. If the tools are being imported into the State from a non-EU country, then Customs duty and VAT may be chargeable on the tools. However, in the scenario outlined by the Deputy, there are two...

Written Answers — Department of Finance: Tax Data (8 Sep 2025)

Paschal Donohoe: As the Deputy will be aware, Exchequer data is published on a monthly basis in the Fiscal Monitors and is available online at the following link: www.gov.ie/en/department-of-finance/collections/latest-fisca l-monitors/. The figures are reproduced in the table below for the Deputy's convenience. Non tax exchequer revenue from motoring fines (2016 to date) Year Total...

Written Answers — Department of Finance: Tax Data (8 Sep 2025)

Paschal Donohoe: In order to comply with the 2016 State aid decision of the European Commission, €14.285 billion was recovered over the course of 2018 and placed into the Escrow Fund. This included the State aid required to be recovered and relevant EU interest. The recovery amount was calculated by the Revenue Commissioners on the basis of the Decision. In general, the Escrow Fund could not be...

Written Answers — Department of Finance: Revenue Commissioners (8 Sep 2025)

Paschal Donohoe: The Irish tax system operates on a self-assessment basis, where the onus is on taxpayers to meet their obligations for filing and paying their taxes correctly and on time. Revenue’s goal is to ensure that all taxpayers and businesses meet their tax obligations in a timely manner and pay liabilities as they fall due. The due date for payment of taxes is set out in the various tax acts,...

Written Answers — Department of Finance: Regulatory Bodies (8 Sep 2025)

Paschal Donohoe: In relation to the 496 complaints to the FSPO that the Deputy references from PQ 21473-25, the FSPO has advised that 405 (82%) are banking related. PQ 21473-25 set out that 201 complaints were on hold at some stage and 64 were closed and reopened at some point. It should be noted that some of those which were on hold at some stage were also closed and reopened. In total, 254 complaints...

Written Answers — Department of Finance: Central Bank of Ireland (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 536, 562, 574, 575, 577, 578, 579, 580 and 581 together. The Prospectus Regulation provides for the transfer of the approval of a prospectus to the competent authority of another EU Member State, however the Central Bank of Ireland cannot comment on individual supervisory engagements owing to its professional secrecy obligations. On the morning of 01...

Written Answers — Department of Finance: Tax Yield (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 537 and 538 together. I am advised by Revenue that the revenue accrued on an annual basis from inheritance tax in each of the years from 2020 to 2024 can be found in the link below: www.revenue.ie/en/corporate/documents/statistics/receipts/ca t-receipts.pdf I am further advised by Revenue, in relation to question 46124, that Beneficiaries are not required...

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

Paschal Donohoe: Following clarification with the Deputy, I understand he wishes to ask if, for the reasons stated in his question, consideration will be given to increasing the tax relief for private health insurance premiums. Section 470 of the Taxes Consolidation Act ("TCA 1997") provides for tax relief in respect of payments made to authorised insurers under relevant contracts in respect of medical...

Written Answers — Department of Finance: Social Welfare Benefits (8 Sep 2025)

Paschal Donohoe: Carers play a fundamental supporting role in society and Government are committed to supporting individuals and families with caring responsibilities. This is acknowledged by the broad range of commitments in the Programme for Government to improving supports and ensuring that the social welfare system is progressive and empowers people with a disability. To answer the first part of the...

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

Paschal Donohoe: Finance Act 2023 introduced the Mortgage Interest Tax Relief (MITR). The MITR was originally made available for the 2023 year of assessment. However, in Finance Act 2024, it was extended to include the year 2024. The relief is available to homeowners with an outstanding mortgage balance between €80,000 and €500,000 as of 31 December 2022. The relief extends to a qualifying...

Written Answers — Department of Finance: Departmental Expenditure (8 Sep 2025)

Paschal Donohoe: I wish to inform the Deputy that there was no funding allocated by the Department of Finance to County Louth from 2023 to date. The Department of Finance is a policy oriented Department and is not involved in the delivery of funding to specific counties.

Written Answers — Department of Finance: Departmental Inquiries (8 Sep 2025)

Paschal Donohoe: The Deputy should note that capital gains tax is kept under regular review through processes such as the Tax Strategy Group with a view to considering proposals at Budget time. I acknowledge the nature of the issue that the Deputy has raised and the difficulties it can cause, however I have no plans in this year's Budget to exempt such individuals from capital gains tax.

Written Answers — Department of Finance: Irish Stock Exchange (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 545, 597 and 603 together. Ireland’s equity markets are diverse comprising of both public and private equity market participants and a wider ecosystem which includes a large number of professional services companies. The growing importance of large stock market indices linked to the rise in passive investment strategies has been a pull factor in...

Written Answers — Department of Finance: Irish Stock Exchange (8 Sep 2025)

Paschal Donohoe: Ireland’s equity markets are diverse, encompassing both public and private equity market participants and a wider ecosystem which includes a large number of professional services firms. It is clear that public equity markets in Europe, including Ireland, have been facing significant challenges over the last decade due to a variety of overlapping reasons. This includes competition from...

Written Answers — Department of Finance: Tax Code (8 Sep 2025)

Paschal Donohoe: It is a general principle of taxation that, in the absence of a specific exemption, income from all sources is, in general, subject to tax. Section 19 of the Taxes Consolidation Act (TCA) 1997, sets out that tax under Schedule E shall be charged in respect of every public office or employment for profit. Section 112 of the TCA 1997 brings into charge all salaries, fees, wages,...

Written Answers — Department of Finance: Departmental Properties (8 Sep 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department does not own any properties and is provided with accommodation by the OPW. The OPW look after all property related matters. The bodies under the aegis of my Department have advised that they do not have any properties that are absolved from paying commercial rates.

Written Answers — Department of Finance: Mental Health Services (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 549, 550 and 564 together. I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law is obliged to comply. Under Irish VAT legislation, professional medical care services supplied by recognised medical professionals who are registered on a statutory register in the...

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

Paschal Donohoe: I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible to provide a costing for the measures outlined above using information provided on tax returns alone. However, using Revenue and other third-party data sources, a tentative estimate of the 2026 projected...