Results 441-460 of 33,848 for speaker:Paschal Donohoe

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

Paschal Donohoe: As previously outlined in PQ 31763/25, I am advised by Revenue, that based on the Defective Concrete Products Levy (DCPL) collections for 2024, the latest year for which figures are available, the potential cost of abolishing this levy would be in the region of €24 million per annum. This estimated cost does not account for behavioural changes in 2026 or beyond. Revenue has confirmed...

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

Paschal Donohoe: The Finance Act 2022, Finance (No.2) Act 2023 and Finance Act 2024 introduced changes to the R&D tax credit regime which were for the benefit of all claimant companies. However, certain measures introduced, whilst available to all companies, were of particular benefit to companies engaged in relatively smaller R&D projects. Finance Act 2022 changed the manner in which the...

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

Paschal Donohoe: Tax relief for trade union subscriptions was previously provided for under section 472C of the Taxes Consolidation Act 1997. The relief was introduced in 2001 and abolished from 2011 onward. A review of the appropriate treatment for tax purposes of trade union subscriptions and professional body fees was carried out by the Department of Finance in 2016 and included in the report on tax...

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

Paschal Donohoe: I propose to take Questions Nos. 759 and 760 together. I am advised by Revenue that it is not possible to provide an estimate based on the value of each property as the Local Property Tax (LPT) return records a valuation band as opposed to an exact value for properties in bands 1 to 19. An estimate of the revenue raised based on the midpoint of each band and the returned valuation...

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

Paschal Donohoe: It is assumed that the Deputy is referring to corporation tax relief for losses utilised. I am advised by Revenue that the estimated amount that would have been raised in 2023, the latest year data available, had such a restriction been in place in respect of all companies, would have been in the region of €1,120m. I am further advised that Revenue cannot provide estimates for...

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

Paschal Donohoe: The National Treasury Management Agency (NTMA) has informed me that the below table lists ISIF’s exposure to companies involved in specified activities in the occupied Palestinian territories as listed on the UN Office of the High Commissioner for Human Rights database (the “UN Database”). YE 2022 YE 2023 YE 2024 ...

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

Paschal Donohoe: Liquid fuels used for motor or heating purposes are subject to excise duty in the form of Mineral Oil Tax (MOT). MOT comprises a carbon and a non-carbon component with the carbon component also being referred to as carbon tax. The application of carbon tax to petrol and auto-diesel was introduced in December 2009, followed by the extension of carbon taxation to other liquid fuels on 1 May...

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

Paschal Donohoe: An annual levy was charged on pension schemes from 2011 to 2015 in accordance with section 125B Stamp Duties Consolidation Act 1999. The levy was introduced during the wake of the financial crash. It was charged on the market value of assets in pension schemes held on 30 June in each year at a rate of 0.6% (2011 to 2013), 0.75% (2014) and 0.15% (2015) and was discontinued from 2016. This levy...

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

Paschal Donohoe: I am advised by Revenue that the estimated VAT inclusive cost to the Exchequer of a 10% reduction in Alcohol Products Tax (APT) is €151m. This estimate assumes no change in consumer behaviour in response to a reduction in excise duty on alcohol. I am further advised that that details on APT, including total volumes, applicable excise rates, and total liabilities by commodity and...

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

Paschal Donohoe: The Government acknowledges the cost pressures on parents with young children. In recognition of these pressures, several support measures are already in place to ease the burden on working parents. These include various tax-exempted financial supports provided by the Minister for Children, Disability and Equality to assist parents to offset the costs of early learning and childcare. With...

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

Paschal Donohoe: The Deputy should note that from 23 January 2025 my officials have met with Irish Institutional Property or any of the subgroups it represents twice.

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

Paschal Donohoe: As the Deputy will be aware, wealth is already taxed in a number of ways in Ireland. These include Capital Gains Tax (CGT), Capital Acquisitions Tax (CAT), and Local Property Tax. Certain forms of Stamp Duty also act as taxes on wealth in a number of ways, including that charged on the acquisition of the shares, stocks and marketable securities of Irish registered companies, and on the...

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

Paschal Donohoe: I am advised by Revenue that they have no statistical basis for compiling estimates in relation to a potential wealth tax. It is therefore not possible to provide the information requested by the Deputy on the estimated annual revenue from a wealth tax levied at 0.5% on assets over €1 million and 1% on assets over €2 million.

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

Paschal Donohoe: The debt market has evolved in recent years with the reduction of the number of domestic banks providing development finance, the rise of alternative lenders and the increased involvement of State backed entities such as Home Building Finance Ireland (HBFI), the Housing Finance Agency (HFA) and investments enabling housing delivery through the Irish Strategic Investment Fund (ISIF). The...

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

Paschal Donohoe: The NTMA has informed me that the increase in the value of the Ireland Strategic Investment Fund (ISIF)'s sovereign bonds from year end 2023 to 2024 is as a result of a macro decision by ISIF to increase overall investment in global bond indices (which are diversified across many countries) in 2024. The relevant ISIF investment manager replicates the global bond indices and therefore the...

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

Paschal Donohoe: I assume that the Deputy is referring to a situation where an increase in pension payments received by an individual brings the pension income into the charge to tax. Section 19 of the Taxes Consolidation Act 1997 (“TCA 1997”) provides that income from offices or employments, and from annuities, pensions, or stipends payable out of State funds, is within the charge to tax...

Ceisteanna ó Cheannairí - Leaders' Questions (17 Jul 2025)

Paschal Donohoe: Sure you do it all the time.

Ceisteanna ó Cheannairí - Leaders' Questions (17 Jul 2025)

Paschal Donohoe: Disgraceful.

Ceisteanna ó Cheannairí - Leaders' Questions (17 Jul 2025)

Paschal Donohoe: Yes.

Written Answers — Department of Finance: Departmental Schemes (17 Jul 2025)

Paschal Donohoe: I am advised by Revenue that under the Disabled Drivers and Passengers Scheme individuals or organisations who hold a Primary Medical Certificate may claim Vehicle Registration Tax (VRT) and Value-Added Tax (VAT) reliefs on specially adapted vehicles. The table below provides the value of VAT and VRT refunded or remitted under this scheme from 2014 to the end of June 2025. This information is...