Results 461-480 of 33,848 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Fuel Inspections (17 Jul 2025)

Paschal Donohoe: In regard to financial services firms involvement in supporting fossil fuel investments in Ireland, I would respond by saying that addressing climate risks and supporting the transition to a carbon-neutral economy is a key part of financial regulation: the Central Bank of Ireland’s Strategy for 2025-27 sets this out clearly. Within the Bank, a climate change unit was...

Written Answers — Department of Finance: Tax Data (17 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: Public Procurement Contracts (17 Jul 2025)

Paschal Donohoe: I wish to advise the deputy that my department has records of four instances in the relevant time period where a procurement process occurred but there was no contract awarded. Given the low number of occurrences, we do not currently track these on a formal basis although in all of the cases the reasons for a contract not being awarded are understood. My department will monitor this going...

Written Answers — Department of Finance: Public Private Partnerships (17 Jul 2025)

Paschal Donohoe: I wish to inform the Deputy that my Department has not had any Public-Private Partnerships in the period since 2010.

Written Answers — Department of Finance: Tax Exemptions (17 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 certain listed categories under Annex III of the Directive to which Member States may apply a...

Written Answers — Department of Finance: Central Bank of Ireland (17 Jul 2025)

Paschal Donohoe: The Central Bank of Ireland has provided me with the following information on the matter. It is useful to first to set out some key information on the source of the Central Bank of Ireland’s (the Central Bank’s) mandate in relation to the regulation of financial services. The Central Bank’s role derives from both domestic law (e.g. the Central Bank Acts 1942-2023,...

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

Paschal Donohoe: I am informed by Revenue that the most recent year for which data in relation to Approved Profit Sharing Schemes is available is 2022. The estimated cost for each of the years 2004-2022 can be found in Revenue’s ‘Cost of Tax Expenditures’ publication available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis...

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

Paschal Donohoe: Section 32 Finance Act 2022 inserted a new section 97B into the Taxes Consolidation Act 1997 (TCA), introducing a tax incentive for landlords of rented residential property to undertake retrofitting works while the tenant remains in situ. This section provides for a tax deduction against rental income for certain retrofitting expenses incurred by landlords on rented residential properties. ...

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

Paschal Donohoe: The Employment Investment Incentive (EII), is provided for under Part 16 of the Taxes Consolidation Act 1997 which also provides for the Start-Up Capital Incentive and Start-Up Relief for Entrepreneurs. EII helps to provide SMEs and start-ups with alternative funding sources. The EII was extended as part of Budget 2025 for another two years to 31 December 2026. I am advised by Revenue that...

Written Answers — Department of Finance: Exchequer Payments (17 Jul 2025)

Paschal Donohoe: The most recent year for which data in relation to the Foreign Earnings Deduction (FED) is available is 2022. Data for 2023 will be available in the coming months and will be published on Revenue’s website. Data for the 2024 or 2025 year of assessment is not available as the filing deadlines in relation to self-assessed taxpayers have not yet passed. Available FED statistics can be...

Written Answers — Department of Finance: Exchequer Payments (17 Jul 2025)

Paschal Donohoe: I am informed by Revenue that the most recent year for which data in relation to the Key Employee Engagement Programme (KEEP) is available is 2022. The estimated cost for each of the years 2019-2022 can be found in Revenue’s ‘Cost of Tax Expenditures’ publication which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Exchequer Payments (17 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 234 and 235 together. I assume the Deputy is referring to tax relief for private health insurance premiums when referencing tax relief at source. Section 470 of the Taxes Consolidation Act 1997 (“TCA 1997”) provides for tax relief in respect of payments made to authorised insurers under relevant contracts in respect of medical insurance and...

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

Paschal Donohoe: The most recent year for which data in relation to the Remote Working Relief (RWR) is available is 2022. Data for 2023 will be available in the coming weeks and will be published in Revenue’s ‘Cost of Tax Expenditures’ publication on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/cost/index.aspx Data for later...

Written Answers — Department of Finance: Tax Credits (17 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 237 and 246 together. The Rent Tax Credit was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. At the time of introduction, the credit was valued at €500 for a single person and €1,000 for a jointly assessed couple. For the years 2024 and 2025, the value of the...

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

Paschal Donohoe: It is assumed that the Deputy is referring to corporation tax relief for losses. The Deputy will be aware that loss relief for corporation tax is a long-standing feature of the Irish corporate tax system and a standard feature of corporation tax systems in all OECD countries. It recognises the fact that a business cycle runs over several years and that it would be unfair to tax income...

Written Answers — Department of Finance: Exchequer Payments (17 Jul 2025)

Paschal Donohoe: The most recent year for which data in relation to the Special Assignee Relief Programme (SARP) is available is 2022. Data for 2023 will be available in the coming months and will be published on Revenue’s website. Data for the 2024 or 2025 year of assessment is not available as the filing deadlines in relation to self-assessed taxpayers have not yet passed. Available SARP...

Written Answers — Department of Finance: Tax Data (17 Jul 2025)

Paschal Donohoe: The restriction of reliefs' measure for individuals on high incomes, who make significant use of certain specified tax reliefs, was announced in Budget 2006 and came into effect from 1 January 2007. The intention of the restriction is to seek to improve the balance between promoting tax equity in relation to those on high incomes while at the same time maintaining the incentive effect of the...

Written Answers — Department of Finance: Revenue Commissioners (17 Jul 2025)

Paschal Donohoe: I am advised by Revenue that it currently has 537 staff based in the O’Connell Street Complex, which comprises of 8,288 square metres. The O’Connell Street Complex also contains Revenue’s Central Revenue Information Office, which is open to the public Monday to Friday, from 09:30 to 13:30.

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

Paschal Donohoe: I wish to advise the Deputy that my Department has not procured any services from the company Starlink. In relation to the bodies under the aegis of my Department, the Office of the Revenue Commissioners has advised as follows: The Office of the Revenue Commissioners is committed to targeting the illegal importation and exportation of prohibited and restricted goods and implements a...

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

Paschal Donohoe: I am advised by Revenue that it is not currently in a position to provide data on the number of taxpayer units making pension contributions who are availing of 40% relief on those contributions. Pension contributions are primarily administered through payroll, where the level of pay for income tax is calculated by the employer, with reference to an individual’s gross pay and their...