Results 741-760 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Coverage (8 Apr 2025)

Paschal Donohoe: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. In terms of the challenges associated with obtaining flood cover, the provision of such cover is a commercial matter for insurance companies, based on an actuarial assessment of the risks they are willing to accept....

Written Answers — Department of Finance: National Economic Dialogue (8 Apr 2025)

Paschal Donohoe: Planning for the National Economic Dialogue is underway for the summer of 2025. This event is an important part of the pre budgetary process as an opportunity to hear a range of views from stakeholders about the priorities that are shaping government policy. The National Economic Dialogue, or NED, takes place over a single day in Dublin Castle and brings together Ministers and...

Written Answers — Department of Finance: Summer Economic Statement (8 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 353 and 354 together. A date for the publication of Budget 2026 has not yet been decided. In line with past practice, Government is likely to confirm the date of Budget Day with the publication of the Summer Economic Statement. As set out in the Programme for Government, the Summer Economic Statement will be published alongside Ireland's new Medium Term...

Written Answers — Department of Finance: Insurance Industry (8 Apr 2025)

Paschal Donohoe: At the outset, it is important to clarify that neither I nor the Central Bank of Ireland can interfere with the provision or pricing of insurance products, as these are commercial decisions made by individual companies, governed by the EU Single Market framework for insurance (the Solvency II Directive). However, I want to assure the Deputy that the Government is committed, in the new...

Written Answers — Department of Finance: Departmental Staff (8 Apr 2025)

Paschal Donohoe: I wish to inform the Deputy that I have fifteen staff in total. This comprises three staff assigned to the Constituency Office and ten staff in the Minister's Private Office (including one Private Secretary). In addition, I have two Special Advisers. The details are set in Table A below. Civil Service salary scales apply to these posts and increment point is in line with the...

Written Answers — Department of Finance: Financial Services (8 Apr 2025)

Paschal Donohoe: The Financial Services and Pensions Ombudsman (FSPO) provides an independent, fair, impartial, confidential and free service to resolve complaints for consumers of financial services. Complaints are resolved through either informal mediation, leading to a potential settlement agreed between the parties, or formal investigation and adjudication, leading to a legally binding decision. ...

Written Answers — Department of Finance: State Assets (8 Apr 2025)

Paschal Donohoe: The Future Ireland Fund and the Infrastructure, Climate and Nature Fund are currently invested by the NTMA under interim Investment Strategies, both of which are published on the NTMA website (www.ntma.ie). The interim investment strategies reflect a low risk appetite, permitting only highly-rated liquid securities that have a low degree of inherent risk. The funds’ assets are...

Written Answers — Department of Finance: Insurance Industry (8 Apr 2025)

Paschal Donohoe: At the outset, it is important to clarify that the provision of home insurance is a commercial matter for insurance companies, based on an actuarial assessment of the risks they are in a position to accept. Government cannot interfere in the provision or pricing of insurance, or direct as to what cover is provided, as is reinforced by the EU framework for insurance (the Solvency II...

Written Answers — Department of Finance: Tax Collection (8 Apr 2025)

Paschal Donohoe: I am informed by Revenue that traders are not required to separately identify the VAT from specific goods and services on their periodic VAT returns. Therefore, it is not possible to provide the VAT collected on all energy related products and services using taxpayer information alone. However, using Revenue data and third-party data sources, a tentative estimate of VAT collected on...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (8 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 361, 362, 363 and 364 together. As the Deputy will be aware, the IBRC Special Liquidators ("SLs") continue to progress the Special Liquidation ("SL") of IBRC towards substantial conclusion, pending enactment of the Conclusion of the IBRC Special Liquidation and Dissolution of NAMA Bill 2024 (the "Bill") which is at an advanced stage of drafting. On the...

Written Answers — Department of Finance: Tax Exemptions (8 Apr 2025)

Paschal Donohoe: The Small Benefit Exemption offers an exemption from Income Tax, PRSI and USC where an employer provides qualifying incentives, such as a voucher or other non-cash benefit, to an employee, subject to certain conditionality. From 1 January 2023, the number of qualifying incentives increased from one to two per annum and the cumulative annual threshold of those benefits increased from...

Written Answers — Department of Finance: Irish Stock Exchange (8 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 366 and 367 together. Ireland’s equity markets are diverse, encompassing both public and private equity market participants and a wider ecosystem which includes a large number of professional services firms. It is clear that public equity markets in Europe, including Ireland, have been facing significant challenges over the last decade due to a...

Written Answers — Department of Finance: Tax Reliefs (8 Apr 2025)

Paschal Donohoe: As the Deputy is aware, the Disabled Drivers & Disabled Passengers Scheme (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 disabled persons as defined, as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief, the...

Written Answers — Department of Finance: Tax Reliefs (8 Apr 2025)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, S.I. No. 353 of 1994 (as amended) provides for the repayment or remission of VAT and Vehicle Registration Tax (VRT) on the purchase of an adapted vehicle for the transport of a person with specific severe and permanent physical disabilities. Qualification for the scheme also provides access to the Fuel Grant scheme...

Written Answers — Department of Finance: Tax Collection (8 Apr 2025)

Paschal Donohoe: I am advised by Revenue that a Local Property Tax (LPT) notice regarding an outstanding LPT liability for 2025, issued the person concerned on 28 March 2025. While Revenue is obliged to collect all tax and interest liabilities as they fall due, it is acknowledged that there will be instances where customers experience unforeseen difficulties, that may result in their inability to meet their...

Written Answers — Department of Finance: Tax Code (8 Apr 2025)

Paschal Donohoe: Section 118(5A) of the Taxes Consolidation Act 1997 (TCA) provides an exemption from benefit-in-kind (BIK) where an employer purchases a travel pass for an employee. This is commonly known as the TaxSaver scheme. Similarly, section 118(5G) TCA provides for the Cycle to Work Scheme. This scheme offers an exemption from BIK where an employer purchases a bicycle and/or associated safety...

Written Answers — Department of Finance: Tax Collection (8 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: Vacant Properties (8 Apr 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department does not own any properties and is provided with accommodation by the OPW.

Written Answers — Department of Finance: Departmental Meetings (8 Apr 2025)

Paschal Donohoe: The Gender Recognition Act comes under the remit of my colleague, the Minister for Social Protection. The implementation of the recommendations of the review of that Act is a matter for his department. I am advised by the Department of Social Protection that they will be in touch when a date has been confirmed for the next stage of the work on an impact assessment.

Written Answers — Department of Finance: Tax Code (8 Apr 2025)

Paschal Donohoe: The charge to tax under what is known as Schedule D is provided for in section 18 Taxes Consolidation Act 1997 (TCA), which classifies certain income sources into five separate Cases. Rental income is taxable under what is known as Schedule D Case V (or simply Case V), while income from trades is taxed under Schedule D Case I (Case I). Investment income, including rental income, is...