Results 81-100 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Credits (19 Jun 2025)

Paschal Donohoe: Section 1025 of the Taxes Consolidation Act (“TCA”) 1997 provides that there is no tax relief available for the paying spouse in respect of child maintenance payments. Maintenance payments in respect of children are also not taxable in the hands of the children or the receiving spouse. Section 1031J TCA 1997 provides for similar tax treatment in respect of maintenance...

Written Answers — Department of Finance: Fiscal Policy (19 Jun 2025)

Paschal Donohoe: In accordance with the Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024, interim investment strategies have been adopted for both the Future Ireland Fund and the Infrastructure, Climate and Nature Fund. These strategies restrict investments to the following permitted assets: Permitted Assets Euro denominated assets, limited to: (i) ...

Written Answers — Department of Finance: Departmental Staff (19 Jun 2025)

Paschal Donohoe: I wish to inform the Deputy that the pattern and number of days working from home and in the office is agreed at a local level and can vary from week to week depending on business needs. Blended working is available to most staff, except for a small number in roles that are customer facing where office attendance is necessary to undertake the duties of the role. In line with my Department's...

Finance (Local Property Tax and Other Provisions) (Amendment) Bill 2025: Financial Resolution (18 Jun 2025)

Paschal Donohoe: I move: “That— (a) section 13 of the Finance (Local Property Tax) Act 2012 (No. 52 of 2012), which provides for the valuation date in respect of local property tax, section 17 of that Act, which provides for the amount of local property tax to be charged, and section 20 of that Act, which provides for the power of elected members of local authorities to vary basic rates of...

Written Answers — Department of Finance: Tax Avoidance (18 Jun 2025)

Paschal Donohoe: Chapter 1 of Part 2 of Finance Act 2024 legislates for the introduction of E-liquid Products Tax (EPT). Under the new law, EPT will apply to both nicotine-containing and non-nicotine-containing e-liquid products. Essentially e-liquids are liquids used in e-cigarettes including refill cartridges for refillable devices. The tax is subject to commencement by Ministerial Order and arrangements...

Written Answers — Department of Finance: Revenue Commissioners (18 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 47 and 48 together. I am advised by Revenue it is precluded from commenting on interactions with specific individuals, businesses or entities because of its obligations under section 851A of the Taxes Consolidation Act 1997 (TCA), to maintain the confidentiality of taxpayer information. I am further advised by Revenue that section 787R(2) TCA provides...

Written Answers — Department of Finance: Recycling Policy (18 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that in Q1 2025, the NAMA Board increased its overall surplus projection to €5.5 billion from €5.2 billion, an increase of €300 million. This includes a projection of €450m in tax paid by NAMA to the Exchequer. By end 2024, €4.69 billion from NAMA’s surplus had been transferred to the State, inclusive of tax payments...

Written Answers — Department of Finance: Middle East (18 Jun 2025)

Paschal Donohoe: In responding I am taking it that the Deputy is referring to the Ireland Strategic Investment Fund (ISIF), the Future Ireland Fund and the Infrastructure Climate and Nature Fund. Ireland’s position on the illegality of Israeli settlements in the occupied Palestinian territory informs our engagement with the State of Israel across a range of bilateral issues. The Government is...

Written Answers — Department of Finance: Middle East (18 Jun 2025)

Paschal Donohoe: The Ireland Strategic Investment Fund (ISIF) holds a variety of Sovereign Bonds and details of all ISIF’s holdings as at 31 December 2023 are available in the most recent NTMA Annual Report. ISIF’s holdings are classified by country (in line with industry standard) as per the Annual Report. ISIF’s holdings of Israeli sovereign debt as per the 2023 Annual Report...

Finance (Local Property Tax and Other Provisions) (Amendment) Bill 2025: Second Stage (17 Jun 2025)

Paschal Donohoe: I thank everyone who contributed to this debate. I took careful note of the points the 24 speakers have made. I will begin by thanking Members from the Government benches and elsewhere who voiced support for the Bill and who recognised the important role the local property tax plays in supporting public services and funding local authorities. I appreciate their support. As that support is...

Finance (Local Property Tax and Other Provisions) (Amendment) Bill 2025: Second Stage (17 Jun 2025)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." The local property tax is due for revaluation on 1 November of this year. I am introducing this Bill to make a number of important changes to the structure of the local property tax so that they can take effect from this date, in line with the commitment given in the programme for Government. This tax was introduced in 2012. The...

Written Answers — Department of Finance: Transport Policy (17 Jun 2025)

Paschal Donohoe: I am advised by Revenue that VAT is subject to the requirements of the EU VAT Directive with which Irish VAT law is obliged to comply. Irish VAT legislation, in compliance with EU VAT law provides that taxable persons who are receiving services from outside the State, in the course of their business, are accountable and liable to pay VAT on?the reverse charge basis. This provision applies...

Written Answers — Department of Finance: Tax Code (17 Jun 2025)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within Annex III of the Directive, in respect of which Member States may apply either one or two reduced rates of VAT and can also apply a zero rate to certain goods and...

Written Answers — Department of Finance: Tax Credits (17 Jun 2025)

Paschal Donohoe: The Incapacitated Child Tax Credit (ICTC) which is provided for by section 465 of the Taxes Consolidation Act (“TCA”) 1997, is available to an individual who has a child living, at any time in a year of assessment, who:if under 18 years of age is permanently incapacitated by reason of mental or physical infirmity and the infirmity is such that there would be a reasonable...

Written Answers — Department of Finance: Flexible Work Practices (17 Jun 2025)

Paschal Donohoe: Support is available to remote workers within the tax system. The Remote Working Relief (RWR), provided for under section 114A of the Taxes Consolidation Act 1997 (TCA), allows taxpayers to claim 30% of electricity, heat and broadband expenses incurred in respect of days spent working from home as an Income Tax deduction. There is a legislative requirement in section 114A TCA that receipts...

Written Answers — Department of Finance: Mortgage Interest Rates (17 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 264, 265, 266 and 267 together. The Central Bank publishes full Primary Dwelling Home (PDH) mortgage interest rate distributions in its “Frontier Statistics: Mortgage Interest Rate Distributions”. The latest information which is for Q4 2024 in relation to the percentage of accounts with interest rates above 6%, 7%, and 8% split by banks,...

Written Answers — Department of Finance: Seized Property (17 Jun 2025)

Paschal Donohoe: I am advised by Revenue that on 2 December 2024, the Special Criminal Court authorised the release of the MV Matthew, thereby facilitating its disposal. It was not possible to commence the disposal process prior to this date. I have been further advised by Revenue that it was necessary to retain a globally recognised provider of integrated shipping services with an international breadth of...

Written Answers — Department of Finance: Banking Sector (17 Jun 2025)

Paschal Donohoe: The Central Bank of Ireland has provided me with the following information on the matter. In March 2024, the Governing Council of the ECB decided to introduce changes in the operational framework for implementing monetary policy. The outcome of the operational framework review confirmed that the Eurosystem’s monetary policy stance will continue to be steered via the Deposit...

Written Answers — Department of Finance: Grant Payments (17 Jun 2025)

Paschal Donohoe: My Department does not operate a grant funding scheme for car adaptations. In relation to disability supports, its role is confined to the oversight of the Disabled Drivers and Disabled Passengers Scheme (DDS) only. The 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...

Written Answers — Department of Finance: Departmental Reports (17 Jun 2025)

Paschal Donohoe: As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” That report set out 42 recommendations to cement Ireland’s position as a leading global hub for funds and asset management. Under the 2025 Programme for Government we have committed to progress and publish an implementation plan...