Results 401-420 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (24 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 314 and 315 together. In regard to the Deputy’s questions, the structure of the Irish personal income tax system does not provide for a minimum effective tax rate and so it is not possible to perform the analysis requested. An individual will normally pay income tax, PRSI and USC on their employment income and earnings, and the rates at which they...

Written Answers — Department of Finance: Tax Code (24 Jun 2025)

Paschal Donohoe: Section 1025 of the Taxes Consolidation Act (“TCA”) 1997 provides for the tax treatment of payments made under a maintenance arrangement by one party of a marriage to another, where parties to the marriage are not jointly assessed to tax. A maintenance arrangement for the purposes of section 1025 TCA 1997, means an order of a court, rule of court, deed of separation, trust,...

Written Answers — Department of Finance: Insurance Industry (24 Jun 2025)

Paschal Donohoe: Neither I as Minister for Finance, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products. This position is reinforced by the EU framework for insurance (the Solvency II Directive). Officials in my Department engage regularly with Insurance Ireland – the official industry body – on a range of insurance related issues. Insurance...

Written Answers — Department of Finance: Illicit Trade (24 Jun 2025)

Paschal Donohoe: I am advised by Revenue that it uses a range of measures to tackle the illicit tobacco trade. At the core of these measures is identifying and targeting the smuggling of illicit tobacco products into the State, with a view to disrupting the supply chain, seizing the products and, where possible, prosecuting those involved. Revenue’s strategy involves developing and sharing intelligence...

Written Answers — Department of Finance: Financial Services (24 Jun 2025)

Paschal Donohoe: There is a legal and regulatory macro prudential and consumer protection framework in place which governs the provision of residential mortgages to consumers by banks and other Central Bank regulated mortgage providers. There are a number of consumer protection requirements governing the provision of mortgage credit to consumers. For example, the European Union (Consumer Mortgage Credit...

Written Answers — Department of Finance: Tax Code (24 Jun 2025)

Paschal Donohoe: The Deputy should note at the outset that it is a legislative requirement that the Disabled Drivers Medical Board of Appeal (DDMBA) is independent in the exercise of its functions and it is a matter for the Board to determine all aspects of the management and delivery of the appeals process. The Deputy should note that the DDMBA operates from the National Rehabilitation Hospital (NRH)...

Written Answers — Department of Finance: Tax Code (24 Jun 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: Financial Services (24 Jun 2025)

Paschal Donohoe: The Credit Reporting Act 2013 (the Act) provided for the establishment of a Central Credit Register (CCR) by the Central Bank. Under the Act, lenders are obliged to submit information to the CCR on outstanding and new loans of €500 or more. Lenders are obliged to submit information to the CCR that is accurate, complete and up to date. When a loan has been closed by a lender, the...

Written Answers — Department of Finance: Tax Code (24 Jun 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 certain listed categories to which Member States may apply a lower rate. Sunscreens and...

Written Answers — Department of Finance: Tax Code (19 Jun 2025)

Paschal Donohoe: It is not appropriate for the Minister for Finance to comment on the tax affairs of individual businesses. The monitoring of compliance with tax obligations is a matter for Revenue, and extensive powers have been granted in legislation to facilitate this process. Further information in this regard can be found on the Revenue website, including in the Revenue Code of Practice for...

Written Answers — Department of Finance: Fiscal Policy (19 Jun 2025)

Paschal Donohoe: I note the Deputy’s query on employee ownership trusts in Ireland. It will be of interest to the Deputy that last year an independent review of share-based remuneration, carried out by Indecon International Consultants on behalf of my Department, was published. The review is available on the Department website at: www.gov.ie/pdf/?file=. This review made a number of recommendations,...

Written Answers — Department of Finance: Tax Data (19 Jun 2025)

Paschal Donohoe: Minimum unit alcohol pricing was introduced by the Department of Health as a public health measure designed to influence retail pricing strategies. As minimum unit alcohol pricing applies exclusively at the final stage of the supply chain (i.e. retail), any additional revenue realised by alcohol companies as a result of this policy is not captured in the data provided to Revenue. Alcohol...

Written Answers — Department of Finance: Tax Code (19 Jun 2025)

Paschal Donohoe: In November 2022 the Court of Justice of the European Union ruled, in Joined Cases C-37/20 and C-601/20, that a provision of the EU AML Directive 2015/849 which was amended by the EU AML Directive 2018/843 under which information on the beneficial ownership of corporate and other legal entities, held in central registers, must be provided to the general public, is invalid. Specifically, the...

Written Answers — Department of Finance: Tax Code (19 Jun 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: Tax Code (19 Jun 2025)

Paschal Donohoe: The Home Tuition Grant Scheme is operated by the Department of Education and Youth and the conditions of the scheme have been set by the Department, including the setting of teaching hours to be covered by the grant scheme, as well as that parents or guardians must source a qualified tutor who is registered with the Teaching Council of Ireland for the duration of the approved tuition. ...

Written Answers — Department of Finance: Illicit Trade (19 Jun 2025)

Paschal Donohoe: In relation to drug smuggling, I am advised that Revenue has primary responsibility for the prevention, detection, interception, and seizure of controlled drugs intended to be smuggled or illegally imported into, or exported from, the State. Revenue’s drugs interdiction strategy supports the Government’s strategic approach to the misuse of drugs under the National Drugs Strategy...

Written Answers — Department of Finance: Illicit Trade (19 Jun 2025)

Paschal Donohoe: I am advised by Revenue that it currently has two Customs cutters (patrol vessels) in service – RCC Suirbhéir and RCC Faire. Following a procurement process, a contract for the delivery of a new Revenue Customs cutter was signed with AuxNaval in August 2023 and a new cutter is expected to come into service later in 2025. This cutter will replace RCC Suirbhéir, which has...

Written Answers — Department of Finance: Tax Code (19 Jun 2025)

Paschal Donohoe: I am advised by Revenue that VAT is subject to the requirements of the EU VAT Directive with which Irish VAT law is obliged to comply. Irish VAT legislation, in compliance with EU VAT law provides that taxable persons who are receiving services from outside the State, in the course of their business, are accountable and liable to pay VAT on?the reverse charge basis. This provision applies to...

Written Answers — Department of Finance: Fiscal Policy (19 Jun 2025)

Paschal Donohoe: Revenue is a fully integrated tax and customs administration, with approximately 2,000 of its staff engaged in activities that are focused on targeting and confronting non-compliance. For effective operational management, Revenue allocate resources to different aspects of enforcement and compliance work and these resources are adjusted and realigned in response to changes in the level of risk...

Written Answers — Department of Finance: Tax Credits (19 Jun 2025)

Paschal Donohoe: 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 will consider the matter over the coming weeks with the expectation that an update of the...