Results 41-60 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (30 Apr 2025)

Paschal Donohoe: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as...

Written Answers — Department of Finance: Tax Credits (30 Apr 2025)

Paschal Donohoe: Section 472BB of the Taxes Consolidation Act 1997 (TCA 1997) provides that a tax credit, called the Sea-going Naval Personnel Tax Credit (the credit), is available to those who satisfy the qualifying conditions of that section. It was introduced in Finance Act 2019 in recognition of the proportion of their time that naval personnel spend away from the State at sea providing support to the...

Written Answers — Department of Finance: Fiscal Policy (30 Apr 2025)

Paschal Donohoe: The Ireland Strategic Investment Fund portfolio is constructed within the legislative framework set for it by the Oireachtas. The National Treasury Management Agency (Amendment) Act 2014, (“The Act”) sets out ISIF’s mandate with regard to the investment of the assets of the Fund other than directed investments. Under the Act the Agency has responsibility for determining,...

Written Answers — Department of Finance: Financial Services (30 Apr 2025)

Paschal Donohoe: My officials continue to work closely with the Central Bank of Ireland (CBI) to identify gaps in available data on the investment funds sector. The CBI is committed to using data to deliver optimal supervisory outcomes. At a European level, the CBI are working with the European Securities and Markets Authority (ESMA) and peer National Competent Authorities (NCAs) on the development of...

Written Answers — Department of Finance: Financial Services (30 Apr 2025)

Paschal Donohoe: Statistical data on regulated funds domiciled in Ireland are disseminated on a quarterly basis via a statistical release publication and tables on the Central Bank website www.centralbank.ie/statistics/data-and-analysis/other-financ ial-sector-statistics/investment-funds, and via the Open Data Portal opendata.centralbank.ie/dataset/?organization=investment-fun ds. Beyond the regular...

Written Answers — Department of Finance: Financial Services (30 Apr 2025)

Paschal Donohoe: On 22 October 2024 ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’ was published. It was a wide-ranging review of the funds and asset management sector. The Review included a detailed examination of Ireland’s regulatory and supervisory regime for funds and included a recommendation that industry consider the feasibility and design of a...

Written Answers — Department of Finance: Fiscal Data (30 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 41 and 42 together. The National Treasury Management Agency (NTMA) has informed me that based on the most recently published General Government debt and interest figures from the CSO, the average interest rate on Ireland’s General Government debt was 1.5% in 2024. Additionally, the NTMA has advised that the weighted average yield on...

Written Answers — Department of Finance: Fiscal Data (30 Apr 2025)

Paschal Donohoe: The National Treasury Management Agency (NTMA) has supplied me with the table below which shows the total amount of 10 Year National Solidarity Bonds, 5 Year Savings Certificates, 3 Year Savings Bonds and Prize Bonds in circulation since 2015 and annual interest repayment for each category of bond each year. Interest repayment includes interest paid to customers because of products...

Written Answers — Department of Finance: Financial Services (30 Apr 2025)

Paschal Donohoe: An Exchange Traded Fund (ETF) is an investment fund that can be traded on exchange similar to other listed stocks or securities. In order to facilitate the trading of shares in the ETF, it relies on Authorised Participants and Market Makers to provide market liquidity and pricing. Authorised Participants and Market Makers play an important role in arbitraging any pricing differential that...

Written Answers — Department of Finance: Financial Services (30 Apr 2025)

Paschal Donohoe: I wish to advise the Deputy that it was not possible to collate the information sought in the time available and, therefore, I will make arrangements to provide the information to the Deputy as soon as possible and in line with Standing Order 42A.

Written Answers — Department of Finance: Tax Avoidance (30 Apr 2025)

Paschal Donohoe: The process of ensuring that taxation relief is availed of in an appropriate manner is ongoing and continuous and involves Revenue and my Department working closely together to monitor developments, assess data and, where necessary, amend provisions to avoid misuse. As the Deputy is aware, Section 22 Finance Act 2022 removed the difference in treatment between PRSAs and occupational...

Written Answers — Department of Finance: Tax Avoidance (30 Apr 2025)

Paschal Donohoe: As outlined in response to Questions Nos. 64, 65 and 66 on 9 April last, section 22 Finance Act 2022 amended the provisions for employer PRSA contributions. As with any change in tax policy, Revenue monitored developments after the introduction of these provisions. From Revenue’s analysis of employer PRSA contributions in 2023, it appeared some cases displayed behaviour that was not in...

Written Answers — Department of Finance: Fiscal Policy (30 Apr 2025)

Paschal Donohoe: I am informed by the National Treasury Management Agency (NTMA) that the Future Ireland Fund and the Infrastructure, Climate and Nature Fund are not currently invested in Irish sovereign or Irish quasi-sovereign debt.

Written Answers — Department of Finance: Tax Data (30 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 49 to 51, inclusive, together. I am advised by Revenue that the Capital Acquisition Tax (CAT) heritage-based exemptions that the Deputy is referring to include, as part of their eligibility conditions, a requirement that “reasonable facilities for viewing” are provided in respect of the heritage object, or heritage house or garden, as the case...

Written Answers — Department of Finance: Land Issues (29 Apr 2025)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. RZLT is designed to prompt residential development by owners of land that satisfies the relevant criteria for the tax, that being that the land is zoned for residential or mixed-use (including residential) purposes and that is serviced. RZLT is an annual tax, calculated at a rate...

Written Answers — Department of Finance: Tax Collection (29 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 551, 562, 568 and 586 together. 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,...

Written Answers — Department of Finance: Departmental Reviews (29 Apr 2025)

Paschal Donohoe: There appears to be two separate concerns raised by the Deputy's question. The first is the potential for pressure to be brought upon the international corporate tax system by US tariffs and the second suggests that our domestic tax system could be streamlined. The current geopolitical context is evolving and now more than ever it is crucial for Ireland to continue offering a stable,...

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

Paschal Donohoe: Responsibility for housing policy, including any funds, grants or compensation that might be available to address specific housing policy issues, rests with the Minister for Housing, Local Government and Heritage. As such, any supports available with regard to the specific set of circumstances outlined here are not within the remit of the Minister for Finance and would be more...

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

Paschal Donohoe: A full list of funds which the Ireland Strategic Investment Fund (ISIF) has invested in is available in the published NTMA Annual Report for 2023 at pages 271 to 275. See link to the report below. www.ntma.ie/uploads/publication-articles/NTMA-Annual-Report- and-Financial-Statements-2023.pdf. ISIF has invested in one equity fund (BGF Ireland 1 LP) which has an investment in a childcare...

Written Answers — Department of Finance: Inflation Rate (29 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 555, 556, 557 and 558 together. Tax relief for individuals is granted at the marginal rate of income tax. The amount of contributions on which relief can be granted in a tax year is limited to an age-related percentage of the individual’s earnings, ranging from 15% for individuals aged under 30 years to 40% for individuals aged 60 years and over, and...