Results 701-720 of 33,118 for speaker:Paschal Donohoe

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

Paschal Donohoe: Revised Entrepreneur Relief is provided for in Section 597AA of the Taxes Consolidation Act 1997. It provides that a reduced rate of 10% of Capital Gains Tax (CGT) applies in respect of a chargeable gain or chargeable gains on a disposal or disposals of qualifying business assets by an individual up to a lifetime limit of €1 million. Any chargeable gain in excess of the €1...

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

Paschal Donohoe: Deposit Interest Retention Tax (DIRT) is a tax deducted by Irish financial institutions from deposit interest paid or credited to the accounts of Irish residents. DIRT is deducted at a rate of 33% from the total interest paid on all deposit accounts held by Irish-resident individuals. I am informed by Revenue that the statistical information in respect of DIRT receipts on an annual basis is...

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

Paschal Donohoe: The table below shows deposits from households held with Irish resident Credit Institutions (including credit unions) at the year end for 2020 -2024 and at end-February 2025. Year Month € millions 2020 Dec 129,171 2021 Dec 140,867 2022 Dec 148,577 ...

Written Answers — Department of Finance: Revenue Commissioners (29 Apr 2025)

Paschal Donohoe: I am advised that Revenue is committed to targeting the illegal importation and exportation of prohibited and restricted goods and implements a range of measures to identify and target illegal smuggling, including duty free tobacco and alcohol in excess of duty-free allowances, and where possible, prosecuting those involved. Revenue’s approach involves the use of analytics and...

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

Paschal Donohoe: There are a range of collective investment vehicles within the investments funds sector. Irish collective investment vehicles (investment funds), which are authorised and regulated by the Central Bank of Ireland, generally operate under what is known as the “Gross Roll-Up” regime. This means that monies invested in such funds can grow on a tax-free basis within the fund....

Written Answers — Department of Finance: Departmental Policies (10 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 158 and 159 together. Vehicle Registration Tax (VRT) reliefs for hybrid and plug-in hybrid vehicles expired on 31 December 2020. VRT category A and B vehicles which are powered only by an electric motor and registered before 31 December 2025 are eligible for relief from VRT up to a maximum amount of €5,000. Vehicles with an Open Market Selling...

Written Answers — Department of Finance: Departmental Policies (10 Apr 2025)

Paschal Donohoe: Let me begin by saying that we deeply regret the imposition of tariffs by the US administration. Tariffs are economically destructive; they drive up the cost of doing business, put upward pressure on prices for consumers, all the while creating uncertainty for investment and future growth. Regarding the specific measures announced on April 2nd, it is important to note that there remains...

Written Answers — Department of Finance: Departmental Policies (10 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 161 and 162 together. The Standard Capital Superannuation Benefit (SCSB) is a relief from income tax arising from a lump sum payment connected with the termination of an employment. SCSB is computed at 1/15th of a taxpayer’s average annual pay for the last 36 months in employment. Annual pay in this regard means pay from the employer and does not...

Written Answers — Department of Finance: Departmental Policies (10 Apr 2025)

Paschal Donohoe: Finance Act 2000 introduced the gross roll-up taxation regime for investments in domestic funds and life policies. The general thrust of the regime is that there is no annual tax on income or gains arising within the investment. However, exit tax must be deducted on the occurrence of a “chargeable event”, which originally included – - the making of relevant payments,...

Written Answers — Department of Finance: Health Services (10 Apr 2025)

Paschal Donohoe: My Department, the Department of Health and Revenue have, for some time, been aware of issues which arose from contractual arrangements within the General Practitioner (GP) community whereby some GPs treat income under their General Medical Services (GMS) contract as income of a GP practice in which they are a partner or an employee, rather than income of that individual GP. In accordance...

Written Answers — Department of Finance: Seirbhísí trí Ghaeilge (10 Apr 2025)

Paschal Donohoe: Mar is eol don Teachta, forálann Acht na dTeangacha Oifigiúla, 2003 agus 2021 socrú chun seirbhísí poiblí trí mheán na Gaeilge a sholáthar ag comhlachtaí a fhorordaítear faoin gCéad Sceideal den Acht sin. Déantar é seo trí mheicníochtaí éagsúla, le haird ar leith á tabhairt ar cheantair...

Written Answers — Department of Finance: Artificial Intelligence (10 Apr 2025)

Paschal Donohoe: ICT services for my department are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure NDP Delivery and Reform (DPENDR). The OGCIO have confirmed that Artificial Intelligence (AI) applications are looked at in the context of their wider data governance approach where data is viewed and treated as a strategic asset. ...

Written Answers — Department of Finance: Artificial Intelligence (10 Apr 2025)

Paschal Donohoe: I can confirm for the Deputy that my department follows the Government approved Interim Guidelines for the Use of Artificial Intelligence (AI) in the Public Service released in January 2024: www.gov.ie/en/publication/2127d-interim-guidelines-for-use-o f-ai/. In addition, my department follows advice from the National Cyber Security Centre (NCSC) released in June 2023. I can confirm for...

Written Answers — Department of Finance: Artificial Intelligence (10 Apr 2025)

Paschal Donohoe: I am advised that none of the bodies under the aegis of the Department have any projects underway with CeADAR.

Written Answers — Department of Finance: Artificial Intelligence (10 Apr 2025)

Paschal Donohoe: I can confirm for the Deputy that my department follows the Government approved Interim Guidelines for the Use of Artificial Intelligence (AI) in the Public Service released in January 2024: www.gov.ie/en/publication/2127d-interim-guidelines-for-use-o f-ai/. In doing so, the Government recognised the opportunities AI presents to help improve the delivery of public services to our...

Written Answers — Department of Finance: Artificial Intelligence (10 Apr 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department follows the Government approved Interim Guidelines for the Use of Artificial Intelligence (AI) in the Public Service released in January 2024. In doing so, the Government recognised the opportunities AI presents to help improve the delivery of public services to our citizens. The Department of Finance recognises the potential of AI and is...

Written Answers — Department of Finance: Departmental Correspondence (10 Apr 2025)

Paschal Donohoe: There were 676 pieces of post received by the Minster for Finance in 2024 and all of the hard copies were scanned into the webmail system.

Written Answers — Department of Finance: Departmental Correspondence (10 Apr 2025)

Paschal Donohoe: There were 7,585 emails received by the Minster for Finance in 2024 from individual members of the public and organisations.

Written Answers — Department of Finance: Departmental Surveys (10 Apr 2025)

Paschal Donohoe: My Department has not undertaken any surveys to assess this matter to date.

Tariffs: Statements (9 Apr 2025)

Paschal Donohoe: With the agreement of the Leas-Cheann Comhairle and the House, I will share my remaining time with the Minister, Deputy Chambers. I am pleased to have the opportunity to address Dáil Éireann today on the issue of where global trade stands. It is now obvious we are facing a trade development that is a major challenge for the global economy and one that casts a dark shadow over...