Results 801-820 of 33,392 for speaker:Paschal Donohoe

Presentation and Circulation of Revised Estimates: Motion (20 May 2025)

Paschal Donohoe: I move: That, notwithstanding Standing Order 222 of the Standing Orders of Dáil Éireann relative to Public Business or the Resolution of the Dáil of 1st April, 2025, the following Revised Estimates and Further Revised Estimate for Public Services for the year ending 31st December, 2025, be presented to the Dáil and circulated to members on 20th May, 2025, being a date...

An tOrd Gnó - Order of Business (20 May 2025)

Paschal Donohoe: Absolutely.

Written Answers — Department of Finance: Tax Reliefs (20 May 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 (“TCA”) provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which has been carried out or advised by (in certain circumstances) a “practitioner”, will...

Written Answers — Department of Finance: Tax Code (20 May 2025)

Paschal Donohoe: The taxation of e-cigarettes and novel products, including e-liquids, is expected to be addressed at EU level through a revision of the Tobacco Tax Directive (2011/64/EU). However, the Commission’s proposals for revision of the Directive have been postponed on a number of occasions in the last few years, and in the meantime, a significant number of Member States (MS) have moved to...

Written Answers — Department of Finance: Insurance Industry (20 May 2025)

Paschal Donohoe: As the Deputy will be aware, neither I as Minister for Finance nor the Central Bank of Ireland can intervene in the provision or pricing of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance, as set out in the Solvency II Directive. It is also important to...

Written Answers — Department of Finance: Tax Data (20 May 2025)

Paschal Donohoe: I am advised by Revenue that statistics in respect of Capital Gains Tax (CGT) for recent years, including information on specific asset disposals that give rise to taxable gains, is published on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/income-dist ributors/summary-of-capital-gains-tax-returns.pdf. However, as crypto-assets (including cryptocurrencies) are not...

Written Answers — Department of Finance: Tax Data (20 May 2025)

Paschal Donohoe: I am advised by Revenue that the estimated revenue that would be generated by introducing a second home charge of €750 is €271.5 million. This estimate is based on properties liable to Local Property Tax, excluding the first property for each liable person and excluding all other properties owned by Local Authorities and Approved Housing Bodies. Revenue does not hold adequate...

Written Answers — Department of Finance: State Bodies (20 May 2025)

Paschal Donohoe: The relevant State bodies under the aegis of my Department have provided the requested information in the below tables. This information is published in each of the bodies’ Annual Reports. It should be noted that the Irish Fiscal Advisory Council does not have a CEO position. Central Bank of Ireland 2020 2021 2022 2023 2024 2025...

Written Answers — Department of Finance: Tax Reliefs (20 May 2025)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. It also has as an aim to encourage additional supply of new houses by supporting demand. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in...

Written Answers — Department of Finance: Legislative Measures (20 May 2025)

Paschal Donohoe: The Finance (Provision of Access to Cash Infrastructure) Bill 2024 completed passage through the Seanad on 13 May 2025. As the Bill passed all stages in both Houses of the Oireachtas, it has been sent to Uachtarán na hÉireann to be signed into law. Once the Bill is enacted, attention will turn to commencing the legislation and the making of necessary regulations. I am informed by...

Written Answers — Department of Finance: Primary Medical Certificates (20 May 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: Fiscal Policy (20 May 2025)

Paschal Donohoe: The Economic and Fiscal Outlook is a document prepared by the Department of Finance incorporating the Department’s autumn macroeconomic and fiscal forecasts. It is published as part of the Budget each year. Separately, under the revised EU fiscal governance framework, Ireland, like all EU Member States, is required to prepare and publish a medium-term fiscal and structural plan...

Written Answers — Department of Finance: Fiscal Data (20 May 2025)

Paschal Donohoe: The Annual Progress Report (APR) was published on 6th May setting out my Department’s spring forecasts. The baseline macroeconomic forecasts published in the APR were produced during March and endorsed by the Irish Fiscal Advisory Council at end-March. The baseline forecasts were prepared on the basis of the tariff landscape in March and were calibrated on the assumption that no...

Written Answers — Department of Finance: Fiscal Data (20 May 2025)

Paschal Donohoe: Transfers from the Future Ireland Fund (FIF) and the Infrastructure, Climate and Nature Fund (ICNF) to the Exchequer increases Exchequer revenue. If this money is spent by the Exchequer, it increases Exchequer expenditure. The Exchequer, FIF and the ICNF all fall within the General Government sector. Transfers from the Exchequer to these two funds, or vice versa, do not affect the General...

Written Answers — Department of Finance: Fiscal Data (20 May 2025)

Paschal Donohoe: The main driver of the accrual of -€3,050 million in 2025, as presented in Annex 3 of the Annual Progress Report, is the adjustment related to the Court of Justice of the European Union (CJEU) ruling, which amounts to -€3.3 billion. According to the European System of Accounts, which is applicable to all EU Member States, all revenue from the CJEU ruling should be recorded in...

Written Answers — Department of Finance: Tax Reliefs (20 May 2025)

Paschal Donohoe: The Help to Buy (HTB) incentive, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. It also has as an aim to encourage additional supply of new houses by supporting demand. HTB provides a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the...

Written Answers — Department of Finance: Tax Data (20 May 2025)

Paschal Donohoe: The Deputy may be aware that my Department publishes a report on Tax Expenditure Evaluation each year. The latest report was published on Budget Day 2024, and is available at: assets.gov.ie/static/documents/tax-expenditures-in-ireland-2 024-report.pdf In addition, my Department also published Tax Expenditures Evaluation – Updated Guidelines (available at:...

Written Answers — Department of Finance: Tax Data (20 May 2025)

Paschal Donohoe: The EU Code of Conduct (Business Taxation) was agreed by EU Member States in 1997. It is a non-binding, intergovernmental agreement which promotes fair tax competition both within the EU and beyond. The Code covers measures which affect, or may affect, in a significant way the location of business activity in the European Union. This is known as the ‘gateway criterion’....

Written Answers — Department of Finance: Tax Code (20 May 2025)

Paschal Donohoe: For the purpose of this response, I understand ‘managed funds’ to be a reference to collective investment vehicles. 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...

Written Answers — Department of Finance: Vehicle Registration Tax (20 May 2025)

Paschal Donohoe: VRT is an excise duty which is imposed, under Irish law, on the registration of a vehicle in the State. With effect from 1 January 1993, Section 132(1), Finance Act, 1992 introduced “a duty of excise, to be called vehicle registration tax” and the legislation stipulates that the tax “shall be charged, levied and paid ... on ... the registration of a vehicle”. ...