Results 1,161-1,180 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector (26 Feb 2025)

Paschal Donohoe: In general any entity involved in the business of providing credit to consumers has to be authorised as a credit institution, a credit union or a retail credit firm and any non-bank or non-retail credit firm who subsequently services or acquires the legal title to the rights of the creditor under such an credit agreement has to be authorised as a credit servicing firm. In its...

Written Answers — Department of Finance: Housing Schemes (26 Feb 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 a key aim of the encouragement of 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...

Written Answers — Department of Finance: Tax Avoidance (26 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 99 and 100 together. I am advised by Revenue that “relevant benefits” as defined in section 770 Taxes Consolidation Act 1997 (TCA) means “any pension, lump sum, gratuity or other like benefit – (a) given or to be given on retirement or on death or in anticipation of retirement, or, in connection with past service, after...

Written Answers — Department of Finance: Tax Avoidance (26 Feb 2025)

Paschal Donohoe: I am informed by Revenue that there is a continuous focus on compliance across pension schemes, identifying and confronting non-compliant behaviour. I am further advised by Revenue that there is an ongoing compliance programme examining the taxation of schemes transferred overseas. Approximately 20 cases have been identified for intervention as part of this programme.In addition,...

Written Answers — Department of Finance: Tax Avoidance (26 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 102 and 103 together. I am advised by Revenue that the number of declarations received by Revenue in relation to the transfer of a pension arrangement to EU Member States since 2016 is as follows: Country Transfers Austria <10 Belgium <10 Cyprus ...

Written Answers — Department of Finance: Tax Avoidance (26 Feb 2025)

Paschal Donohoe: I am advised by Revenue that, as set out in the response to Parliamentary Questions No. 46 to 54 of 6 February 2025, settlements in such cases as those referred to by the Deputy can consist of yield relating to avoidance transactions and non-avoidance transactions. Therefore, it has not been possible in the time available to finalise all of this data. I am advised by Revenue that the...

Written Answers — Department of Finance: Tax Code (25 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 297, 305 and 308 together. I am informed by Revenue that there has been no change in the legislation, or Revenue’s interpretation of the legislation, relating to the benefit-in-kind (BIK) charge which is applicable on employer-provided vehicles, or the exemption relating to the pooling of cars or vans. Sections 121 and 121A of the Taxes...

Written Answers — Department of Finance: Tax Code (25 Feb 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: Tax Code (25 Feb 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 have moved to introduce...

Written Answers — Department of Finance: Tidy Towns (25 Feb 2025)

Paschal Donohoe: As Minister for Finance, I welcome the innovative partnership between Irish Public Bodies Insurance and Local Authorities that will ensure that Tidy Towns have insurance to continue their work in keeping our towns clean, presentable and attractive for residents and visitors alike. Irish Public Bodies Insurance is working with a number of local authorities while the initiative is in its pilot...

Written Answers — Department of Finance: Social Enterprise Sector (25 Feb 2025)

Paschal Donohoe: Deputy, as you are aware after clarification sought on your question and your agreement, the question is being answered on the basis of "donations " rather than "grants". I am advised by Revenue that donations are treated differently depending on the category of the donor (an individual or a company) making the donation and whether the charity fully complies with the conditions laid down by...

Written Answers — Department of Finance: Primary Medical Certificates (25 Feb 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: Banking Sector (25 Feb 2025)

Paschal Donohoe: The Central Bank of Ireland (CBI) is the competent authority under the Prospectus Regulation. My officials have consulted with the CBI and they indicated by way of response that the law is clear on the matter. The CBI has to approve a prospectus for the offer of securities to the public where it meets the required standards of completeness, comprehensibility and consistency. The CBI also...

Written Answers — Department of Finance: Tax Reliefs (25 Feb 2025)

Paschal Donohoe: The Standard Capital Superannuation Benefit (“SCSB”) is a relief from income tax arising from a lump sum payment connected with the termination of an employment. SCSB is computed at 1/15th of a taxpayer’s average annual pay for the last 36 months in employment. Annual pay in this regard means pay from the employer and does not include any benefits paid by the Department...

Written Answers — Department of Finance: Departmental Consultations (25 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy that the schedule below lists engagements with external legal advisors and the related costs in 2023, 2024 and to date in 2025. Payments listed are inclusive of VAT. Such legal advice is privileged. As also detailed in the table below, a significant proportion of the costs incurred are subsequently recouped by the Department from the banking sector. ...

Written Answers — Department of Finance: Tax Yield (25 Feb 2025)

Paschal Donohoe: I am informed by Revenue that traders are not required to identify the VAT yield generated from the supply of specific services or specific VAT rates on their VAT returns. Therefore, it is not possible to provide an accurate estimate for the VAT yield generated from the sale of newspapers specifically. However, using third-party data sources, the VAT yield from the sale of newspapers in...

Written Answers — Department of Finance: Vacant Properties (25 Feb 2025)

Paschal Donohoe: The Programme for Government 2025 commits to introducing a new, all-of-government national housing plan to follow Housing for All. Any proposals in respect of new or existing measures will be considered in this context. Furthermore, it is a longstanding practice of the Minister for Finance not to comment on any tax matters that might be the subject of Budget decisions. Vacant Homes Tax...

Written Answers — Department of Finance: Tax Code (25 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 310, 311 and 312 together. Residential Zoned Land Tax (RZLT) applies to land zoned for residential development, which also has the necessary services in place for the development of housing. The aim of this tax is to increase the supply of land for building. It will be charged at 3% of the market value of the land every year. Agricultural land which is...

Written Answers — Department of Finance: Public Procurement Contracts (25 Feb 2025)

Paschal Donohoe: It was not possible for my Department to provide the information sought in the time available. I will, however, make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Public Procurement Contracts (25 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department had no spend in excess of the contract award for the public procurement tenders in each of the past five years. In accordance with Circular 05/2023, my Department advertises all competitions on eTenders above the national advertising threshold of €50,000 and, prior to 2023, all competitions above the then national advertising threshold...