Results 461-480 of 33,392 for speaker:Paschal Donohoe

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

Paschal Donohoe: Ireland’s excise duty treatment of aviation fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). ETD provisions on liquid fuels are transposed into national law in Chapter 1 of Part 2 of Finance Act 1999 (as amended). This legislation provides for the application of excise duty in the form of Mineral Oil Tax (MOT)...

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

Paschal Donohoe: I am informed by Revenue that the estimated full year yield from decreases in the earnings limit for Occupational Pension Schemes, Retirement Annuity Contracts and Personal Retirement Savings Accounts can be found by consulting page 9 of Revenue’s Revenue Ready Reckoner, available on their website at The Ready Reckoner will be reviewed later in the summer , in advance of Budget...

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

Paschal Donohoe: Under section 825C to the Taxes Consolidation Act 1997, the Special Assignee Relief Programme (SARP) provides Income Tax relief for certain individuals assigned to work in the State. The relief aims to support employers in relocating individuals with key skills from foreign-based operations to positions in Irish-based operations, thereby facilitating the creation of jobs and the...

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

Paschal Donohoe: I am advised by Revenue that fully verified figures for Turnover from Company iXBRL files are not yet available for the periods in question, due to the complexities of these files. However, in order to provide some information for the Deputy, the approach was adopted to use Gross Trade Profit figures, as these provide reliable data on which to quantify the losses forward used by this cohort...

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

Paschal Donohoe: The Department of Finance has estimated that the yield from the Universal Social Charge (USC) in 2025 is c. €5.5 billion. I am advised by Revenue that the estimated yield in 2025 of restructuring the USC rates and bands so that only individual income in excess of €100,000 would be subject to a charge, at a rate of 10%, is an estimated €2.34 billion on a full year...

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

Paschal Donohoe: As you are aware, at EU level, the European Commission recently launched the SIU Strategy, which includes measures to advance the Capital Markets Union (CMU) project. The SIU (Savings and Investments Union) seeks to increase investment in the economy and promote EU companies’ competitiveness through various measures, such as supporting the development of national capital markets,...

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

Paschal Donohoe: With regard to your suggestion of establishing a savings scheme to allow citizens to invest their money for use by the State, I would refer the Deputy to Ireland State Savings products, which are managed by a body under my aegis as Minister for Finance, the National Treasury Management Agency (NTMA). Through Ireland State Savings products, including Savings Certificates, Savings Bonds and...

Written Answers — Department of Finance: Judicial Reviews (17 Jun 2025)

Paschal Donohoe: It is not possible to provide the information requested. There is an erroneous assumption in some legal circles that the Minister for Finance should be named as a defendant whenever damages or costs are being sought from the State. Damages or costs are sought in almost all judicial review cases. The Chief State Solicitor, under the direction of the Attorney General, has carriage of...

Written Answers — Department of Finance: Tax Data (12 Jun 2025)

Paschal Donohoe: As the Deputy is aware, a number of tax reliefs are due to 'sunset' at the end of 2025. Consequently, the Department is currently reviewing the following schemes in advance of Budget 2026: Accelerated Capital Allowance (Income Tax) for Slurry Storage In Budget 2023, a scheme was announced to allow for the Accelerated Capital Allowance for Slurry Storage for the construction of slurry...

Written Answers — Department of Finance: Departmental Expenditure (12 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy as there has been no name change at the Department of Finance there will be no associated costs.

Written Answers — Department of Finance: Legislative Process (12 Jun 2025)

Paschal Donohoe: The Attorney General’s advice is privileged and will not be released. However the in recent Dail debates, I spoke to the advice received in the House. My statements on the matter are available here - www.oireachtas.ie/en/debates/debate/dail/2025-05-27/17/ www.oireachtas.ie/en/debates/debate/joint_committee_on_finan ce_public_expenditure_public_service_reform_and_digitalisati...

Written Answers — Department of Finance: Budget 2026 (12 Jun 2025)

Paschal Donohoe: Betting Duty is chargeable on all bets placed by a person with a licensed bookmaker at a bookmaker’s registered premises, irrespective of the means by which a bet is placed. Licensed Remote Betting Intermediaries are liable for Betting Intermediary Duty, on commission charged by them to persons in the State. The rate of duty depends on the type of betting activity and how the bet...

Written Answers — Department of Finance: Universal Social Charge (12 Jun 2025)

Paschal Donohoe: I am advised by Revenue that the estimated cost for the simultaneous implementation of the proposals outlined by the Deputy, on a first and full year basis, is €1.56 billion and €1.80 billion respectively.

Written Answers — Department of Finance: Revenue Commissioners (12 Jun 2025)

Paschal Donohoe: As I advised the Deputy in response to Parliamentary Question No. 100 on 26 February last, the transfer of deferred benefits may be made from an occupational pension scheme or a Personal Retirement Savings Account (PRSA) to an overseas pension arrangement, once such a transfer complies with the Occupational Pension Schemes and Personal Retirement Savings Accounts (Overseas Transfer Payments)...

Written Answers — Department of Finance: Revenue Commissioners (12 Jun 2025)

Paschal Donohoe: I am advised that Revenue is currently modernising its Direct Debit Scheme to bring it in line with standard industry practice, and in preparation for a wider modernisation of its payment and banking processes, which is intended to happen over the coming years. Revenue is moving away from the Fixed Direct Debit (FDD) scheme for payment of VAT liabilities, whereby the taxpayer pays an...

Written Answers — Department of Finance: Vacant Properties (12 Jun 2025)

Paschal Donohoe: As the Deputy is aware, Vacant Homes Tax (VHT), announced in Budget 2023, aims to increase the supply of homes for rent or purchase to meet demand. Legislative provision for the tax was made in the Finance Act 2022. A residential property will be within the scope of VHT if it has been occupied as a dwelling for less than 30 days in a chargeable period. Further details on VHT can be found on...

Written Answers — Department of Finance: Central Bank of Ireland (12 Jun 2025)

Paschal Donohoe: The Consumer Protection (Regulation of Credit Servicing Firms) Act 2018 provides that, in relation to a relevant credit agreement, any entity which holds the legal title to the rights of the creditor under the agreement, unless it is already regulated by the Central Bank of Ireland in relation to the provision of credit or servicing a credit agreement, must be authorised by the Central Bank...

Written Answers — Department of Finance: Tax and Social Welfare Codes (12 Jun 2025)

Paschal Donohoe: Further to previous responses to Parliamentary Questions No. 53 of 14 May, No. 36 of 21 May, and No. 137 of 28 May, Subsection (5A) of section 110 requires that the part of a qualifying company's business that relates to its specified property business, including specified mortgages, is treated as a separate business from any other business the company may carry on and, with certain...

Written Answers — Department of Finance: Tax Data (12 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 293 and 294 together. In relation to the Deputy's first question on what the cost would be to reverse the carbon tax increase for petrol and diesel in each of the years from 2020 to 2025, as well as the planned increase in 2026: I am advised by Revenue that the estimated full year revenues forgone in 2026 from not proceeding with the planned increase in the...

Written Answers — Department of Finance: Tax Collection (12 Jun 2025)

Paschal Donohoe: In September 2024, my Department published a Carbon Tax Projected Exchequer Revenue Estimates 2024-2030 paper. This paper examines trends in carbon tax exchequer yields in Ireland over the last decade, and provides forward projected estimates of carbon tax yields over the next six years to 2030. This paper is available on my Department's website:. Additional annual revenue raised from...