Results 441-460 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector (17 Jun 2025)

Paschal Donohoe: The Central Bank of Ireland has provided me with the following information on the matter. In March 2024, the Governing Council of the ECB decided to introduce changes in the operational framework for implementing monetary policy. The outcome of the operational framework review confirmed that the Eurosystem’s monetary policy stance will continue to be steered via the Deposit...

Written Answers — Department of Finance: Grant Payments (17 Jun 2025)

Paschal Donohoe: My Department does not operate a grant funding scheme for car adaptations. In relation to disability supports, its role is confined to the oversight of the Disabled Drivers and Disabled Passengers Scheme (DDS) only. 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 Scheme is open to severely and permanently...

Written Answers — Department of Finance: Departmental Reports (17 Jun 2025)

Paschal Donohoe: As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” That report set out 42 recommendations to cement Ireland’s position as a leading global hub for funds and asset management. Under the 2025 Programme for Government we have committed to progress and publish an implementation plan...

Written Answers — Department of Finance: Veterinary Services (17 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. In accordance...

Written Answers — Department of Finance: Tax Code (17 Jun 2025)

Paschal Donohoe: I am advised by Revenue that the VAT registration thresholds are subject to the requirements of EU VAT law, with which Irish VAT law must comply. Under the EU VAT Directive there is an upper limit of €85,000 on registration thresholds that Member States may apply. The EU VAT Directive does not allow Member States to set a national annual threshold higher than that. Ireland’s VAT...

Written Answers — Department of Finance: Credit Register (17 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. On 30th June 2017, lenders began submitting information on active consumer loans such as credit cards, personal loans, overdrafts and mortgages....

Written Answers — Department of Finance: Departmental Reports (17 Jun 2025)

Paschal Donohoe: As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” That report set out 42 recommendations to cement Ireland’s position as a leading global hub for funds and asset management. Under the 2025 Programme for Government we have committed to progress and publish an implementation plan...

Written Answers — Department of Finance: Tax Code (17 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. The supply of...

Written Answers — Department of Finance: Banking Sector (17 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 277 and 278 together. The Central Bank has advised that it does not publish data on mortgages by loan size issued over the past five years or on self-build mortgage loans. The Central Bank does however publish other data on residential mortgage lending in the Credit and Banking Statistics, including Retail Interest Rates and Mortgage Arrears tables, as...

Written Answers — Department of Finance: Tax Code (17 Jun 2025)

Paschal Donohoe: I am advised by Revenue that under Section 851A of the Taxes Consolidation Act 1997 it is precluded from disclosing taxpayer information and therefore neither I, nor Revenue, can comment on the specifics of the topic discussed during the referenced interaction in the Joint Committee on Arts, Media, Communications, Culture and Sport on 28 May 2025. In relation to the Deputy’s query...

Written Answers — Department of Finance: Vehicle Registration Tax (17 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 280, 281 and 282 together. I am advised by Revenue that the current VRT rates for Category A and B electric vehicles (EVs) are 7% and 13.3% respectively. Category M motorcycles are exempt from VRT. EVs with an Open Market Selling Price (OMSP) of up to €40,000 are granted VRT relief of up to €5,000 while EVs with an OMSP of greater than...

Written Answers — Department of Finance: Tax Reliefs (17 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 283 and 284 together. The Deputy should note at the outset that the Disabled Drivers Board of Appeal (DDMBA) is independent and wholly determines the approach and methods for the appeals process as set out in legislative requirements. This independent approach also applies to the timeframe of its work. I understand that a validation system has been put in...

Written Answers — Department of Finance: Banking Sector (17 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. For example, in order to protect overall financial stability, the Central Bank has put in place macro-prudential measures for residential mortgage lending which apply, with...

Written Answers — Department of Finance: Data Protection (17 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 286, 287, 288 and 289 together. I am advised by Revenue that the disposal of call recording records was undertaken without a corresponding disposal authorisation from the Director of the National Archives. Revenue’s current request to the National Archives for a disposal authorisation for call recordings is to address this administrative oversight and...

Written Answers — Department of Finance: State Bodies (17 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 290, 291, 292, 293, 294 and 295 together. HBFI’s total loan approvals from inception to the end of December 2024 amounted to €2.67bn. The approved funding is across 184 projects, in 23 counties, and can support the delivery of 13,186 new homes. See table below of annual funding approved by county by year since inception: County...

Written Answers — Department of Finance: Tax Code (17 Jun 2025)

Paschal Donohoe: An exchange traded fund (ETF) is an investment fund that is traded on a regulated stock exchange. A typical ETF can be compared to a tracker fund in that it will seek to replicate a particular index. There is no separate taxation regime specifically for ETFs. ETFs, being collective investment funds, generally come within the regimes set out in the Taxes Consolidation Act 1997 for such funds....

Written Answers — Department of Finance: Insurance Industry (17 Jun 2025)

Paschal Donohoe: It is important to note that 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...

Written Answers — Department of Finance: Departmental Websites (17 Jun 2025)

Paschal Donohoe: The Department's web presence on Gov.ie is managed by the Office of Government Chief Information Officer (OGCIO). OGCIO employs analytic tools for Gov.ie centrally and can provide breakdowns to individual Departments on request. OGCIO have advised that visits to the Department of Finance web presence on Gov.ie recorded with a specific parameter or similar identifiers indicating traffic from...

Written Answers — Department of Finance: Departmental Contracts (17 Jun 2025)

Paschal Donohoe: There were no contracts awarded to communications and PR firms by the Department of Finance in 2024. Regarding the bodies under the aegis of my Department, the Central Bank of Ireland and the Office of the Revenue Commissioners have provided the requested information in the below tables. Central Bank of Ireland Name of the contractor Description of the work...

Written Answers — Department of Finance: Tax Code (17 Jun 2025)

Paschal Donohoe: I am advised by Revenue that as the NPPR is a historic charge, Revenue does not currently hold adequate information to prepare NPPR costings. As a result, the costing has been based on properties liable to Local Property Tax, excluding the first property for each liable person and excluding all other properties owned by Local Authorities and Approved Housing Bodies. The table below...