Results 281-300 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: The Tax Credit for Unscripted Productions provides a corporation tax credit for expenditure incurred on the development of unscripted programmes and will be available at a rate of 20% of certain production expenditure up to a maximum limit of €15 million per project. The incentive is designed to support the expression of Irish and European culture in the fast-growing unscripted...

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law must comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within those listed in Annex III, in respect of which Member States may apply a lower rate. The Directive also allows for a Member State’s...

Written Answers — Department of Finance: Departmental Reports (1 Jul 2025)

Paschal Donohoe: The said report on Ireland’s E-Liquid Products Tax (EPT), as legislated for in Chapter 1 of Part 2 of Finance Act 2024, was shared with my department by industry in recent months. The report details the potential impacts of the EPT on the Irish market the implications of the tax structure. The report underlines that the Irish tax rate of €0.50 per millilitre, which will apply to...

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: Acknowledging the challenging circumstances that face those dealing with bereavement, the Irish income tax code contains favourable provisions relating to the tax treatment of widowed persons. In the year of bereavement, a widowed person is entitled to the same personal tax credits as a married couple, if they were jointly assessed to tax, and the assessable spouse or nominated civil...

Written Answers — Department of Finance: State Savings Schemes (1 Jul 2025)

Paschal Donohoe: The NTMA have informed me that a Post Office Savings Bank account forming part of the Ireland State Savings range of products offered by the National Treasury Management Agency may be frozen for a number of reasons, including regulatory or operational issues. The temporary freezing of such an account does not constitute a default, including a temporary default, of Government debt, and...

Written Answers — Department of Finance: Insurance Coverage (1 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 257 and 258 together. As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. Insurers use their own mapping and modelling tools for assessing the level of risk that they are willing to underwrite in relation to individual properties....

Written Answers — Department of Finance: Vehicle Registration Tax (1 Jul 2025)

Paschal Donohoe: The registration of vehicles is a mandatory requirement in all EU Member Countries. In some countries, including Ireland (the State), it is used as an event at which a tax is collected. This tax is known as Vehicle Registration Tax (VRT) and was introduced in the Finance Act 1992. VRT is required to be paid at the time that a vehicle is registered in the State, and within 30 days of that...

Written Answers — Department of Finance: Departmental Contracts (1 Jul 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department has no records of any contracts valued over €10 million in the last five years. The bodies under the aegis of my Department have provided the below information. Central Bank of Ireland The Central Bank has included details of all relevant contracts signed in the years 2020 – 2025. Year Public services...

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: I am advised that Revenue is not aware of any regulatory changes that would limit the amount of tax that can be paid by Debit Card to €500. Some card providers have limits on the amounts that can be paid but these limits are controlled by the card providers rather than by Revenue. If some taxpayers are experiencing difficulties, Revenue advise they contact their card provider to...

Written Answers — Department of Finance: Vehicle Registration Tax (1 Jul 2025)

Paschal Donohoe: The registration of vehicles is a mandatory requirement in all EU member countries. In some countries, including Ireland (the State), it is used as an event at which a tax is collected. This tax is known as Vehicle Registration Tax (VRT) and was introduced in the Finance Act 1992. VRT is required to be paid at the time that a vehicle is registered in the State, and within 30 days of that...

Written Answers — Department of Finance: Land Issues (1 Jul 2025)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. The legislation governing the HTB scheme is set out in section 477C...

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 264 and 266 together. The rules relating to Real Estate Investment Trusts (REITs) in Ireland are contained in Part 25A of the Taxes Consolidation Act 1997. The purpose of the REIT regime is to allow for a collective investment vehicle which provides a comparable after-tax return to investors as direct investment in rental property, by eliminating the double...

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 265 and 267 together. The Irish Real Estate Fund (“IREF”) regime was introduced by Finance Act 2016 and amended by Finance Act 2017 to address concerns over the use of collective investment vehicles by certain non-resident investors to minimise their exposure to Irish tax on Irish property transactions. IREFs are Irish funds, or sub-funds...

Written Answers — Department of Finance: Credit Unions (1 Jul 2025)

Paschal Donohoe: In conjunction with the Credit Union (Amendment) Act 2023, a number of non-legislative actions were agreed in order to encourage transparency of regulatory engagement. One of these actions was the development of an Enhanced Engagement Protocol between the Central Bank and the credit union sector. Throughout the Credit Union (Amendment) Act 2023 legislative process the Central Bank has...

Written Answers — Department of Finance: Credit Unions (1 Jul 2025)

Paschal Donohoe: The purpose of the Stabilisation Scheme is to have funds available, if needed, to assist credit unions whose reserves have temporarily fallen below the 10% minimum statutory reserve requirement but are otherwise considered by the Central Bank to be viable. To be eligible for consideration for stabilisation support, a credit union must have reserves of at least 7.5% of total assets but its...

Written Answers — Department of Finance: Credit Unions (1 Jul 2025)

Paschal Donohoe: The purpose of the Credit Institutions Resolution Fund (CIRF) is to provide a source of funding for the resolution of financial instability in, or an imminent serious threat to the financial stability of, a credit union. See below, in tabular format, the amount that has been collected each year by the Resolution Fund since its inception. Data has been extracted from the annual CIRF audited...

Written Answers — Department of Finance: Departmental Regulations (1 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 271 and 272 together. The Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 provides that any person whose business, directly or indirectly, provides credit, including credit which is termed as 'buy now pay later' (BNPL) type credit, or hire purchase or consumer hire agreements to consumers now falls within the...

Written Answers — Department of Finance: Credit Unions (1 Jul 2025)

Paschal Donohoe: The following information has been provided by the Central Bank Of Ireland and is extracted from quarterly prudential returns submitted by credit unions to the Central Bank Of Ireland. The credit union financial year runs from 1 October to 31 September. The Deputy has asked for specific information to March each year, hence the information in tabular form below is from 1 October to the 31...

Written Answers — Department of Finance: Banking Sector (1 Jul 2025)

Paschal Donohoe: The formulation and implementation of monetary policy is an independent matter for the European Central Bank (ECB). The ECB increased official interest rates over the course of 2022 and 2023 as it moved to combat excess inflation. However, since last summer it has reduced official interest rates on eight occasions, the most recent of which came into effect from 11 June 2025. These...

Written Answers — Department of Finance: Insurance Industry (1 Jul 2025)

Paschal Donohoe: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. As you will appreciate, I cannot comment on individual cases or intervene in disputes that individuals may have with their bank or insurance provider. In relation to the general issue of mortgages, there is a broad...