Results 1,041-1,060 of 33,118 for speaker:Paschal Donohoe

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

Paschal Donohoe: The information requested by the Deputy in relation to the annual amount claimed by special advisors outside their regular salary for each year from 2020 to 2024 is set out in tabular form at the following link. There have been no payments made by my Department to special advisors in 2025 to date outside of their regular salary.

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

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

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

Paschal Donohoe: The Financial Services and Pensions Ombudsman (FSPO) is an independent and impartial statutory body that plays an important role in the robust consumer protection framework in place in Ireland to support consumers of financial products and services. Firstly, the FSPO cannot publicly comment on individual complaints or confirm receipt of complaints in relation to any individual financial...

Written Answers — Department of Finance: Mortgage Interest Rates (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 419, 420, 422 and 423 together. The formulation and implementation of monetary policy is an independent matter for the European Central Bank (ECB). As Deputies are aware, the ECB increased official interest rates over the course of 2022 and 2023 as it moved to combat excess inflation. However, it has now reduced official interest rates on six...

Written Answers — Department of Finance: State Bodies (19 Mar 2025)

Paschal Donohoe: I can advise the Deputy that my Department does not have any record of contracts awarded by it to Codec. The bodies under the Aegis of my Department that have engaged Codec’s services have advised as follows: The Central Bank of Ireland has contracted with Codec in a limited way during this time period (2020 – 2025 to date). The Bank is satisfied with the contribution...

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

Paschal Donohoe: I propose to take Questions Nos. 425 to 428, inclusive, together. I am taking this question to refer specifically to the boards of the State Agencies under the aegis of my Department. It should be noted that while the Credit Union Restructuring Board is one of these State Agencies, it was operationally wound down in 2017 and is awaiting formal dissolution. The remaining State Agencies...

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

Paschal Donohoe: Section 78C of the Finance Act 2003 provides for a relief of 50% from Alcohol Products Tax (APT) for certain small-scale producers of beer, cider and perry in the State. I am advised by Revenue that the value of the relief granted in respect of such qualifying producers in the State is shown in the table below. Year APT Relief €m 2014 2.3...

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

Paschal Donohoe: The NTMA have provided me with the material below in response to the Deputy's question. The table below outlines the ISIF’s segregated holdings in quoted global alcohol equities at year end from 2014 to 2023, aligned to the NTMA Annual Reports which can be found on the NTMA website, www.ntma.ie. These equity holdings are categorised according to the Bloomberg Industry...

Written Answers — Department of Finance: State Assets (19 Mar 2025)

Paschal Donohoe: The NTMA have provided me with the material below in response to the Deputy's question. The table below outlines the ISIF’s segregated holdings in quoted global alcohol equities at year end from 2014 to 2023, aligned to the NTMA Annual Reports which can be found on the NTMA website, www.ntma.ie. These equity holdings are categorised according to the Bloomberg Industry...

Written Answers — Department of Finance: Alcohol Sales (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 432 and 433 together. I am advised by Revenue that Alcohol Products Tax (APT) is charged at the time the excisable product is released from a duty suspension facility (e.g. warehouse) for consumption in the State, or, when following release for consumption in another Member State, is brought into Ireland. Taxpayers liable to APT are not obliged to disclose...

Written Answers — Department of Finance: Ukraine War (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 434, 436 and 437 together. The Deputy may wish to note that EU sanctions have direct effect in all Member States of the EU, and they are legally binding on all natural and legal persons. As such, a natural or legal person who contravenes a provision of an EU sanctions regulation would be guilty of an offence and liable to prosecution. In response to...

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

Paschal Donohoe: I propose to answer questions 12294 and 12297 together. Section 110 of the Taxes Consolidation Act creates a tax-neutral regime for bona fide securitisation and structured finance purposes. Ireland is not unique in having a specific regime for securitisation. Under Central Bank regulations, certain Section 110 companies may be required to publish a prospectus under the “Prospectus...

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

Paschal Donohoe: Section 110 of the Taxes Consolidation Act creates a tax-neutral regime for bona fide securitisation and structured finance purposes. Ireland is not unique in having a specific regime for securitisation. Under Central Bank regulations, certain Section 110 companies may be required to publish a prospectus under the “Prospectus Regulation” (Regulation (EU) 2017/1129). This...

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

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 (TCA 1997) provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. This is one of a range of tax reliefs and credits which are provided for in Part 15 of the TCA 1997 which reduce an individual’s Income Tax liability. Only "health expenses" incurred in the provision of...

Written Answers — Department of Finance: Credit Unions (19 Mar 2025)

Paschal Donohoe: The credit union sector is an important contributor to the housing market in the area of house lending and investment in social and affordable housing via the Credit Union Approved Housing Body (AHB) Fund. This is in addition to the provision of personal loans to fund home improvements and retrofit schemes. Credit union house lending has increased significantly, with 43% year on year growth...

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

Paschal Donohoe: Firstly, I would like to acknowledge the impact of the damage caused by severe weather events on families, communities, and businesses. 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...

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

Paschal Donohoe: Although not registered for VAT, flat-rate farmers may be permitted, in certain limited situations, to claim a refund of the VAT incurred by them on particular inputs. The Value-Added Tax (Refund of Tax) (Flat-rate Farmers) Order 2012 (S.I. No. 201/2012) allows for refunds to be claimed on outlay incurred on: - the construction, extension, alteration or reconstruction of farm...

Written Answers — Department of Finance: Tax Reliefs (19 Mar 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. 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 the legislation. The legislation governing the HTB scheme is set out in section 477C of...

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