Results 821-840 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Fiscal Policy (3 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 31, 51 and 86 together. It is important to stress at the outset - we regret the imposition of any tariffs. The Government's view is that they create economic disruption and drive inflation, hurting all sides. Nonetheless, the reality is that we have entered into a period of significant disruption to trade due to tariffs that will, unfortunately, now...

Written Answers — Department of Finance: Fiscal Policy (3 Apr 2025)

Paschal Donohoe: I would like to re-assure the Deputy that I have been in close and frequent contact with the Tánaiste and Minister for Foreign Affairs and Trade. This engagement has included ongoing discussions both at Cabinet level and at the Trade Forum on inter alia how we can assess the likely impacts of tariffs on Irish exports. Cross-government engagement will be key to bringing together the...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is the tax that applies to gifts and inheritances in Ireland. CAT is payable by the beneficiary of a gift or inheritance. The date of a gift is normally the date it is received. The date of an inheritance is usually the date of death of the person leaving the inheritance. These dates determine the CAT rates and the Group thresholds that apply. However, the...

Written Answers — Department of Finance: Credit Unions (3 Apr 2025)

Paschal Donohoe: The main function of the Credit Union Advisory Committee (CUAC) is to advise me, as Minister for Finance, and such other persons as I deem appropriate in relation to: the improvement of the management of credit unions the protection of the interests of members and creditors of credit unions; and other matters relating to credit unions upon which I, the Central Bank or such other persons,...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a beneficiary-orientated tax that is payable by the recipient of a gift or inheritance as opposed to the person providing that gift or inheritance. 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, known as the...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both gifts and inheritances. 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, known as the “Group threshold”, below which CAT does not arise. While the thresholds were reduced during...

Written Answers — Department of Finance: Interest Rates (3 Apr 2025)

Paschal Donohoe: The formulation and implementation of monetary policy is an independent matter for the European Central Bank (ECB). The ECB increased official interest rates over the course of 2022 and 2023 as it moved to combat excess inflation. However, since last summer it has now reduced official interest rates on six occasions, most recently with effect from 12 March. These recent monetary policy...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: As clarified by the Deputy, the question relates to the Vacant Homes Tax. The Vacant Homes Tax (VHT) was announced in Budget 2023 and legislated for in Finance Act 2022. The main objective of this tax is to increase the supply of residential properties to bring those properties back into use. A residential property will be within the scope of the tax if it has been occupied as a dwelling for...

Written Answers — Department of Finance: Credit Unions (3 Apr 2025)

Paschal Donohoe: The legislative and regulatory framework for the credit union sector is provided for by the Credit Union Act 1997, the Credit Union and Co-operation with Overseas Regulators Act 2012, and the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016. This framework outlines requirements for credit unions across a range of areas, including items such as governance, capital,...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances that is payable by the beneficiary of the gift or inheritance on the value of the property received. The relationship between the person giving a gift or inheritance and the beneficiary determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. Any prior gift or inheritance...

Written Answers — Department of Finance: An Ghaeltacht (3 Apr 2025)

Paschal Donohoe: Baineann cúrsaí maidir le forbairt agus cur chun cinn na Gaeilge le mo chomhghleacaithe an tAire Forbartha Pobail agus Tuaithe agus Gaeltachta Dara Calleary TD agus Jerry Buttimer TD (an tAire Stáit ag an Roinn Forbartha Tuaithe agus Pobail le freagracht ar leith as Forbairt Pobail, Carthanas, Gaeltachtaí agus Oileán). Is é ceann de phríomhróil...

Written Answers — Department of Finance: Tax Exemptions (3 Apr 2025)

Paschal Donohoe: As the Deputy is aware the current thresholds for the income tax age exemption are €18,000 per annum where an individual is aged 65 years or over, and €36,000 per annum for married couples and civil partners, jointly assessed to tax, where either individual is aged 65 or over. The relevant income thresholds may be increased further if the individual has a qualifying child....

Written Answers — Department of Finance: Banking Sector (3 Apr 2025)

Paschal Donohoe: Officials in my Department have regular engagement with the board and management of the banks in which the State has a shareholding. Meetings with the management of the banks take place monthly, and the topics discussed at these meetings include but are not limited to profitability levels and the supporting commercial activities undertaken by the bank. As the Deputy is aware, the...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both gifts and inheritances. 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, known as the “Group threshold”, below which CAT does not arise.While the thresholds were reduced during the...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 45 and 59 together. In recognition of the needs of SMEs in the hospitality sector, the Programme for Government does commit to bring forward measures to support SMEs, in particular in the retail and hospitality sectors. It acknowledges the increased cost pressures on these sectors and states that this will entail changes to VAT, PRSI and other measures. ...

Written Answers — Department of Finance: Tax Yield (3 Apr 2025)

Paschal Donohoe: As part of Budget 2025 in October last it was announced that the disposal of part of the State’s shareholding in AIB had presented the Government with an opportunity to allocate €3 billion of additional funding towards capital spending on housing, water and the electricity grid over the coming years. €1 billion has been provided to Uisce Éireann for capital...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both gifts and inheritances. 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, known as the “Group threshold”, below which CAT does not arise. While the thresholds were reduced...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both gifts and inheritances. 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, known as the “Group threshold”, below which CAT does not arise. While the thresholds were reduced...

Written Answers — Department of Finance: Tax Code (3 Apr 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: Tax Code (3 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...