Results 341-360 of 33,848 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Legal Cases (29 Jul 2025)

Paschal Donohoe: I wish to advise the Deputy in the years, 2022,2023 2024 and up to 18 July 2025 my Department spent a total of €1,516,422.90 on legal services broken down as per the table below, some of these costs were recoupable. Year Legal Services Total Inc VAT Recoupable Amount 2022 Advice €197,754.60 ...

Written Answers — Department of Finance: Insurance Industry (29 Jul 2025)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal and policy framework governing financial regulation, including for the insurance sector. It is important to note that neither I as Minister for Finance, nor the Central Bank of Ireland has the authority to intervene in the pricing or availability of individual insurance products. These are commercial matters for...

Written Answers — Department of Finance: Tax Reliefs (29 Jul 2025)

Paschal Donohoe: The 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 The MITR was originally made available for the 2023 year of assessment.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: Tax Data (29 Jul 2025)

Paschal Donohoe: I am advised by Revenue that the latest available number of deferrals for 2024 by Local Authority is provided in the table below. An update to the 2024 LPT annual report will be published in the coming weeks. Local Authority Number of Deferrals Carlow 133 Cavan 179 Clare 293 Cork...

Written Answers — Department of Finance: Departmental Schemes (29 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 621 and 643 together. 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. ...

Written Answers — Department of Finance: Departmental Schemes (29 Jul 2025)

Paschal Donohoe: I am advised by Revenue that the table below presents a breakdown of the number of Help to Buy claims in relation to County Cork by month for 2025, based on the date of approval. This table sets out the number of claims as well as the total and average claim amount (payment) per month. Month Number of Claims Total Claim Amount (€m) Average Claim ...

Written Answers — Department of Finance: Tax Data (29 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 623, 626 and 684 together. At the time of the Annual Progress Report published at the beginning of May – the latest set of fiscal projections by my Department – tax revenue was forecast at €101.5 billion. Excluding receipts arising from the Court of Justice of the European Union (CJEU) ruling, tax revenues were projected at €99.8...

Written Answers — Department of Finance: Departmental Data (29 Jul 2025)

Paschal Donohoe: Gross General Government Debt (GGD) was 38.8 percent of GDP at the end of 2024, down from 101.3 percent of GDP in 2014. In a deeply uncertain international economic environment it is more important than ever that we maintain our public finances on a sustainable trajectory, which will be achieved by continuing a balanced and appropriate approach to budgetary policy. My Department did not...

Written Answers — Department of Finance: Departmental Data (29 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 625 and 766 together. The annual rate of inflation, measured using the Harmonised Index of Consumer Prices (HICP) produced by the Central Statistics Office (CSO), for each year between 2020 and 2024 as well as the first half of 2025 is set out below. Annual Rate of HICP Inflation 2020 -0.5 2021...

Written Answers — Department of Finance: Insurance Coverage (29 Jul 2025)

Paschal Donohoe: As Minister for Finance, neither I nor the Central Bank of Ireland can interfere with the provision or pricing of insurance products due to the EU Solvency II Directive. Improving the cost and supply of insurance remains a priority for this Government, who have recently published a new Action Plan for Insurance Reform. The new Action Plan builds on the progress of the 2020 Action Plan and...

Written Answers — Department of Finance: Grant Payments (29 Jul 2025)

Paschal Donohoe: The Fuel Grant received by recipients of the Disabled Drivers and Disabled Passengers Scheme (DDS) is administered by the Office of the Revenue Commissioners and my Department has oversight of this scheme. Revenue has provided details of the Fuel Grant payments since 2020 in the table below. Year Total number of grant payments Total value of grant payments ...

Written Answers — Department of Finance: Interest Rates (29 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 629, 630 and 631 together. The European Central Bank (ECB) increased interest rates over the course of 2022 and 2023 as it moved to combat excess price inflation. However, from mid-2024 the ECB has progressively reduced its main official lending rate to its current level of 2.15%. While interest rate changes by the ECB generally have a direct impact...

Written Answers — Department of Finance: Departmental Legal Cases (29 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 632, 633, 666 and 667 together. I propose to take questions 41086, 41087, 41820 and 41821 together. I am advised that, in relation to the Karshan ruling consideration was given to relevant case law, such as Tierney v An Post (1999) IESC 66. At the time, this ruling concluded that the contract under dispute was a ‘contract for services’...

Written Answers — Department of Finance: Tax Collection (29 Jul 2025)

Paschal Donohoe: I am advised by Revenue that the total amount collected on fuels for excise duty, carbon tax, and VAT, for each of the last ten years (2015–2024) and to date in 2025 are provided in the table below. In relation to VAT, 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....

Written Answers — Department of Finance: Tax Data (29 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 635 and 641 together. Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997 (TCA 1997). RZLT is designed to prompt residential development by owners of land that is zoned for residential or mixed-use (including residential) purposes and that is serviced. RZLT is an annual tax, calculated at a rate...

Written Answers — Department of Finance: Tax Data (29 Jul 2025)

Paschal Donohoe: 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. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of...

Written Answers — Department of Finance: Departmental Inquiries (29 Jul 2025)

Paschal Donohoe: As Minister for Finance, each year in advance of the Budget, I receive a large number of pre-Budget submissions on a wide range of issues. Such submissions are normally sent directly to my office where, upon receipt, they are acknowledged by my Department. I can confirm that the pre-Budget submission which the Deputy refers had not previously been sent to my office, but has now been...

Written Answers — Department of Finance: Tax Collection (29 Jul 2025)

Paschal Donohoe: 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 must comply. The VAT Directive obliges Member States to exempt from VAT the provision of children’s or young people’s education in the public interest and, accordingly, Ireland exempts the provision of education. There is no...

Written Answers — Department of Finance: Departmental Reviews (29 Jul 2025)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they require to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax paid in Ireland over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act (TCA) 1997 outlines the conditions that...

Written Answers — Department of Finance: Departmental Reviews (29 Jul 2025)

Paschal Donohoe: The Minister for State will be aware that as Minister for Finance, I have no direct function in the relationship between financial institutions and their customers and I cannot be involved in the commercial decisions made by individual lenders. I note from the information provided that this particular case is currently before the Courts and it would be inappropriate for me to comment on this...