Results 1,001-1,020 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Data (20 Mar 2025)

Paschal Donohoe: As the Deputy will be aware, Ireland is a common law jurisdiction, therefore trusts are used for a variety of purposes, many of which are of a personal nature, for example, a grandparent may create a trust for their grandchild's education. In addition, trusts in Ireland also apply inter alia to trade unions, charities, sports clubs, and student unions. Consequently, there are trusts with no...

Written Answers — Department of Finance: Sovereign Debt (20 Mar 2025)

Paschal Donohoe: Exchequer short-term paper outstanding at year-end 2024 amounted to €19.4bn and consisted of Exchequer Notes and Central Treasury Notes. Neither the Future Ireland Fund nor the Infrastructure, Climate and Nature Fund had investments in Exchequer short-term paper at year-end 2024. The Social Insurance Fund was the largest single holder of short-term paper at end 2024 – with...

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

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 (TCA) provides for tax relief where an individual proves that he or she has 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 qualify for tax relief. Health care is...

Written Answers — Department of Finance: Tax Yield (20 Mar 2025)

Paschal Donohoe: I am advised by Revenue that it is not possible to separately identify insurance companies providing risk cover specifically to persons located in the State. However, the Deputy may wish to note that the aggregate amounts of corporation tax paid by all entities operating in this sector are provided under “Financial & Insurance Activities” in the ‘Revenue net...

Written Answers — Department of Finance: Departmental Data (20 Mar 2025)

Paschal Donohoe: The term “Exchange Traded Fund” or “ETF” is a general investment industry term that refers to a wide range of investments. ETF investments can take many different legal and regulatory forms even where they are established within the same jurisdiction. An ETF is usually an investment fund whose units are held in a recognised clearing system and are traded on a...

Written Answers — Department of Finance: Departmental Contracts (20 Mar 2025)

Paschal Donohoe: I am advised that neither my Department, nor any of the bodies under the aegis of my Department have entered into contract with the named hotel or had any discussions, or received any specific offers, in respect of using the premises for any reason, since 1 November 2024.

Written Answers — Department of Finance: Primary Medical Certificates (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 374 and 441 together. 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. ...

Written Answers — Department of Finance: Primary Medical Certificates (19 Mar 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: Tax Credits (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 376, 384, 391, 394, 395, 404 and 412 together. Section 114 of the Taxes Consolidation Act (“TCA”) 1997 provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. I am informed by Revenue that the flat rate expense...

Written Answers — Department of Finance: EU Directives (19 Mar 2025)

Paschal Donohoe: Across the EU, the taxation of tobacco products is governed by the Tobacco Products Tax Directive (2011/64/EU) which sets out EU rules on the structure and rates of excise duty applied to manufactured tobacco. The Directive defines and classifies various manufactured tobacco products according to their characteristics and lays down the relevant minimum rates of excise duty to be applied by...

Written Answers — Department of Finance: Inflation Rate (19 Mar 2025)

Paschal Donohoe: Legislation for E-Liquid Products Tax (EPT) was enacted in Finance Act 2024 and is subject to commencement by Ministerial Order. I expect to commence EPT later this year. This allows Revenue the necessary time to set up the information technology, administrative, operational and compliance systems and processes required to administer and collect the new tax. Under the new law, EPT will...

Written Answers — Department of Finance: Insurance Industry (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 379 and 380 together. As the Deputy is aware, the European Insurance and Occupational Pensions Authority (EIOPA) is a European Union financial regulatory institution which acts as an independent advisory body to the European Commission, the European Parliament and the Council of the European Union. Its mission is to protect the public interest by...

Written Answers — Department of Finance: Tax Reliefs (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 381 and 385 together. I am advised by Revenue that, prior to 1 January 2023, where the combined contributions by an employer and an employee to the employee’s Personal Retirement Savings Account (PRSA) did not exceed the employee’s annual percentage limit, as set out in section 787E(1) Taxes Consolidation Act 1997 (TCA), the contributions...

Written Answers — Department of Finance: Departmental Communications (19 Mar 2025)

Paschal Donohoe: MIPIM is an international property and real estate conference that takes place each year in France. This year, the four-day conference was expected to attract over 20,000 delegates, from over 90 countries, including investors managing an estimated €4trn in assets, as well as government ministers, senior civil servants from around the world, and the mayors of major cities like London,...

Written Answers — Department of Finance: National Treasury Management Agency (19 Mar 2025)

Paschal Donohoe: The National Treasury Management Agency (NTMA) have informed me that MIPIM is an international property and real estate conference that takes place each year in France. This week, the four-day conference will attract over 20,000 delegates, including investors managing an estimated €4-5trn in assets, as well as Government Ministers, senior civil servants from around the world, and the...

Written Answers — Department of Finance: Tax Code (19 Mar 2025)

Paschal Donohoe: I am advised by Revenue that the VAT inclusive percentage additional cost to a litre of petrol and auto diesel arising from the scheduled Mineral Oil Tax Carbon Charge increases to 2030, is estimated at 5.83% and 6.85% respectively. The table below sets out the percentage increase using a benchmark retail price per litre for petrol (€1.781) and auto diesel (€1.754), as at...

Written Answers — Department of Finance: Housing Provision (19 Mar 2025)

Paschal Donohoe: The Government believes that the State has a significant role to play in the housing market. Budget 2025 included a record €6 billion in capital spending for housing, including direct Exchequer spending, investment by the Land Development Agency and borrowing by the Housing Finance Agency. This increased level of public spending supports the State’s involvement in every...

Written Answers — Department of Finance: Banking Sector (19 Mar 2025)

Paschal Donohoe: I can advise the Deputy that, in respect of securitisations, as defined in Regulation (EU) 2017/2402 (the Securitisation Regulation), any entity, including banks, that wishes to engage in securitisation issuance, regardless of underlying collateral (e.g. residential mortgages), must notify the Central Bank of Ireland of same. Article 7 of the Securitisation Regulation, supplemented by...

Written Answers — Department of Finance: Financial Services (19 Mar 2025)

Paschal Donohoe: The Financial Services and Pensions Ombudsman (FSPO) is an independent, impartial, fair and free service that helps resolve complaints from consumers, including small businesses, against financial service providers and pension providers. The FSPO publishes its Overview of Complaints on an annual basis, and it contains the information set out below. The FSPO is expected to publish the full...

Written Answers — Department of Finance: Tax Code (19 Mar 2025)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law is obliged to comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within the categories of goods and services listed in Annex III, in respect of which Member States may apply a lower rate. Breastfeeding...