Results 21-40 of 19,803 for speaker:Paschal Donohoe in 'Written Answers'

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

Paschal Donohoe: Revenue has confirmed to me that there is no inquiry or investigation in relation to the destruction of call recordings in accordance with the Records Retention Schedule published on their website, available at the following link: www.revenue.ie/en/corporate/documents/records-retention-sche dule.pdf

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

Paschal Donohoe: In circumstances where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax. Each partner is a separate entity for tax purposes, therefore, cohabiting couples cannot file joint assessment tax returns or share their tax credits and tax bands in the same manner as married couples. The...

Written Answers — Department of Finance: Summer Economic Statement (8 Jul 2025)

Paschal Donohoe: The Summer Economic Statement (SES) is the next staging post in the budgetary cycle. It is the intention of the Government to publish the SES later this month. The SES will incorporate all available information including the latest developments in the global trade environment. In this evolving and challenging global environment, we must focus on policy areas where we can exert influence. ...

Written Answers — Department of Finance: National Economic Dialogue (8 Jul 2025)

Paschal Donohoe: The 2025 National Economic Dialogue (NED), took place on Monday June 16 in Dublin Castle. There were over 280 delegates from over 90 different organisations that took part in the event which was chaired by Professor Carol Newman of Trinity College Dublin. The theme for the dialogue was “medium-term budgetary planning against a rapidly changing global backdrop”. The NED...

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

Paschal Donohoe: The first chargeable period for the Vacant Homes Tax commenced on 1 November 2022 and ended on 31 October 2023. Returns were due on 7 November 2023, while payment in respect of the first chargeable period fell due on 1 January 2024. In respect of the second chargeable period, which ended on 31 October 2024, returns were due on 7 November 2024 and payment fell due on 1 January 2025. I am...

Written Answers — Department of Finance: Tax Reliefs (8 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. An increase in the supply of new housing remains a central and priority aim of Government policy. For this reason, HTB is specifically designed to encourage an increase in demand for new build homes in order to support the construction of an...

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

Paschal Donohoe: The information sought by the Deputy is provided below in tabular format. The Department of Finance did not exclude any purchase order (PO) over €20,000 from the 2023 quarterly reports apart from those related to payments to other Departments and public bodies. It should be noted by the Deputy that the Department makes a significant number of payments annually without the raising...

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

Paschal Donohoe: The available information in relation to the yield from Stamp Duty on stocks, shares and marketable securities for the years 2015 to 2024 is published on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/capital-taxes/stamp-duty/receipts.aspx The table below sets out the yield from Stamp Duty on stocks, shares and marketable securities from 2015 to...

Written Answers — Department of Finance: Illicit Trade (8 Jul 2025)

Paschal Donohoe: For several years Tobacco Products Tax (TPT) annual receipts remained relatively stable, with successive annual rate increases broadly offsetting the impact of reductions in the volume of tobacco products released for consumption. The underlying decline in the level of consumption of Irish duty-paid tobacco products is driven by a number of factors. These include public health campaigns,...

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

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. RZLT is designed to prompt residential development by owners of land that satisfies the relevant criteria for the tax, that being that the land is zoned for residential or mixed-use (including residential) purposes and that it is serviced. RZLT is an annual tax, calculated at a...

Written Answers — Department of Finance: Primary Medical Certificates (8 Jul 2025)

Paschal Donohoe: It is assumed that the Deputy is referring to the Disabled Drivers and Disabled Passengers Scheme (DDS). The DDS provides relief from VRT and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The maximum VRT and VAT reliefs under DDS provisions are set according the nature of the Primary Medical Certificate holder as a disabled driver or a disabled...

Written Answers — Department of Finance: Tax Exemptions (8 Jul 2025)

Paschal Donohoe: Budget 2025 introduced a substantial cost of living package, details of which are outlined on page 37 of the Budget 2025 expenditure report which can be found at: assets.gov.ie/static/documents/budget-2025-expenditure-repor t.pdf Amongst other measures, this cost of living package included one-off payments to recipients of a number of social welfare payments which were paid in November...

Written Answers — Department of Finance: Tax Rebates (8 Jul 2025)

Paschal Donohoe: As the Deputy will be aware the farmers-flat rate scheme (FFR) is designed to reduce the administrative burden on farmers and allows them to remain outside the normal VAT system, thereby avoiding the obligations of registration and returns. It allows farmers to remain unregistered for VAT purposes and to be compensated, on an overall basis, for the VAT charged to them on their purchases of...

Written Answers — Department of Finance: Banking Sector (8 Jul 2025)

Paschal Donohoe: As the Bank for International Settlements (BIS) serves central banks rather than the Department of Finance, the Central Bank of Ireland has provided me with the following information in relation to engagement with the BIS. The BIS is a forum for discussion and cooperation among central banks and other financial authorities in the pursuit of monetary and financial stability. The BIS hold...

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

Paschal Donohoe: "Windfall tax receipts" refers to the estimated corporation tax receipts that are not linked to the domestic economy and could, as a result, be transient. All corporation tax receipts, as with all other Exchequer taxes, are paid into the Central Fund. Central Fund revenue is not hypothecated to particular forms of expenditure and, as such, it is not possible to link estimates of windfall...

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

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a beneficiary-based tax on gifts and inheritances that is payable on the value of the property received. For CAT purposes, the relationship between the person giving a gift or inheritance (i.e. the disponer) and the person who receives it (i.e. the beneficiary) determines the maximum amount, known as the “Group threshold”, below which CAT does...

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

Paschal Donohoe: I propose to take Questions Nos. 335 to 337, inclusive, together. It was not possible for Revenue to provide my Department with the information sought in the time available. I will, however, make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Tax Reliefs (8 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. It also has as an aim to encourage additional supply of new houses by supporting demand. HTB provides 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...

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

Paschal Donohoe: I have interpreted the Deputy's question as referring to the Taxsaver scheme, which, as the Deputy may be aware, is provided for in section 118(5A) of the Taxes Consolidation Act 1997 (TCA). The scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a travel pass for one of their employees or directors, subject to certain conditionality.Under section 118B TCA, an...

Written Answers — Department of Finance: Tax Reliefs (3 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. An increase in the supply of new housing remains a central and priority aim of Government policy. For this reason, HTB is specifically designed to encourage an increase in demand for new build homes in order to support the construction of an...