Results 101-120 of 33,848 for speaker:Paschal Donohoe

Ceisteanna ó Cheannairí - Leaders' Questions (25 Sep 2025)

Paschal Donohoe: I thank the Deputy Collins for raising this important matter. Before I respond to the important and specific questions he raised in respect of the school transport scheme, it is important to put the matter in the context. In that regard, this is the scheme that, in 2024, the taxpayer funded at a cost of €512 million. In 2019, the cost was €219 million. The cost of this...

Ceisteanna ó Cheannairí - Leaders' Questions (25 Sep 2025)

Paschal Donohoe: Deputy Nash knows I have the height of respect for him and the points he raises. He is correct in saying that the Labour Party is a rare exception on the Opposition benches in being willing to support, at times, sensible policies to broaden the tax base. He asked me my views on broadening the tax base. I will talk about what we have already done and what we are yet to do. There are: the...

Ceisteanna ó Cheannairí - Leaders' Questions (25 Sep 2025)

Paschal Donohoe: I thank the Deputy for raising, as Deputy Doherty did, a really important issue regarding the protection of citizens on international seas and the rule of law with regard to them. The Government, the Taoiseach and the Tánaiste are keenly aware of this. What are we doing with regard to it? We are taking diplomatic action. We are raising this matter with other governments within the...

Ceisteanna ó Cheannairí - Leaders' Questions (25 Sep 2025)

Paschal Donohoe: I gave Deputy Doherty the opportunity to confirm or at least explain to the House whether Sinn Féin is still making the case for an energy price cap, which it did in the last Dáil. I notice that he did not answer that question.

Ceisteanna ó Cheannairí - Leaders' Questions (25 Sep 2025)

Paschal Donohoe: Indeed. In relation to the matters that Deputy Doherty has just raised, we are well aware of the challenge that the cost of living is posing for so many. I would make the point that for every budget I have brought into this House, he has always criticised me for not spending enough. He has always criticised us for running budget surpluses. If we had taken his approach in recent years, we...

Ceisteanna ó Cheannairí - Leaders' Questions (25 Sep 2025)

Paschal Donohoe: I thank Deputy Nash for raising this matter. When I was preparing for Leaders' Questions here today, part of me thought it was unlikely that I would get a question about the Government spending too much money. I am really glad that the Deputy has raised this because it gives me an opportunity to respond on what are very important issues. First, on the sustainability of our public...

Ceisteanna ó Cheannairí - Leaders' Questions (25 Sep 2025)

Paschal Donohoe: In the spirit of Deputy Doherty having raised an important issue on a point of order, I will respond to what he has said and will then take time to respond to his additional question. I agree with him that what is happening with regard to the flotilla is a very serious matter. The Taoiseach and Tánaiste are currently in New York, concluding their work at the United Nations annual...

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

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a beneficiary-based tax on gifts and inheritances that is payable on the value of the property received. 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...

Written Answers — Department of Finance: Tax Data (25 Sep 2025)

Paschal Donohoe: Professional Services Withholding Tax (PSWT) is a deduction at the standard rate of income tax, currently 20%, from relevant payments made by accountable persons to specified persons in respect of certain professional services. Accountable persons include Government Departments, commercial and non-commercial State agencies and bodies, local authorities, the HSE and authorised medical...

Written Answers — Department of Finance: Tax Credits (25 Sep 2025)

Paschal Donohoe: The Rent Tax Credit was introduced by the Finance Act 2022. The value of the credit is €1,000 for a single person and €2,000 for a jointly assessed couple. If the Rent Tax Credit were to be extended beyond its current sunset date of the end of 2025, the cost of this would be included within the €1.5 billion tax package as set out in the Summer Economic Statement in...

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

Paschal Donohoe: An “Exchange Traded Fund” or “ETF” is an investment fund that is traded on a regulated stock exchange. There is no separate taxation regime specifically for ETFs. ETFs, being collective investment funds, generally come within the regimes set out in the Taxes Consolidation Act 1997 for such funds. The domicile of the ETF will generally determine the applicable fund...

Written Answers — Department of Finance: Universal Social Charge (25 Sep 2025)

Paschal Donohoe: The Universal Social Charge (USC) was designed and incorporated into the Irish taxation system in 2011 to replace two other charges, namely the Health and Income Levies. The primary purpose of the USC was to widen the tax base and to provide a steady income to the Exchequer to provide funding for public services. However, payments made by the Department of Social Protection, including the...

Written Answers — Department of Finance: Tax Data (25 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the rates of stamp duty applying to the acquisition of residential property were increased by section 90 of the Finance Act 2024. The stamp duty payable on consideration over €1.5 million is 6% except where the consideration is in respect of three or more apartments in the same apartment block - a lower 2% rate on the balance over €1.5 million...

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

Paschal Donohoe: Excise duty on alcohol is governed by EU law, with which Irish excise law is obliged to conform. The “Alcohol Structures Directive” (Council Directive 92/83/EEC) lays down a harmonised approach to excise duties on alcohol in the EU. It defines alcoholic beverages and sets out the basis on which excise duties on such products are to be established by Member States as well as the...

Written Answers — Department of Finance: Fiscal Policy (25 Sep 2025)

Paschal Donohoe: The EU and US have now reached a deal on reciprocal trade. While the imposition of tariffs is, of course, regrettable, this deal represents a more optimal outcome for households and firms than the alternative landscape that would have almost certainly included higher tariffs, scope for retaliation and escalation and ultimately a higher degree of uncertainty. Having said that, the more...

Written Answers — Department of Finance: Tax Data (25 Sep 2025)

Paschal Donohoe: I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible to provide estimates of VAT reductions on the hospitality sector based on tax returns alone. However, using third-party, a tentative estimate of the cost to the Exchequer of the first and full year costs...

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

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a beneficiary-based tax on gifts and inheritances that is payable on the value of the property received. 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...

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: I will come in on that. As all of the forecasting we do is very much at a macroeconomic level, it would not take account of matters such as that, even given their scale. It is a fair point that it is something we should consider. All of our forecasting is done at a national level. At times, we find it difficult to take into account sectoral-specific developments, even if those sectoral...

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: I thank the Deputy. I will kick off with one element of the resilience. We aim to run budget surpluses and then deposit those surpluses into the Future Ireland Fund and the climate, nature and restoration fund. Those two funds, by the end of this year, will be somewhere between €15 billion to €16 billion. The Minister, Deputy Chambers, and I aim to add to that in next year's...

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: Our efforts to broaden the tax base do not get the profile they merit. We revalued local property tax. It is the second time it has been revalued. Many jurisdictions struggle with one revaluation and we have done two. We have broadened the number of homes that are paying it. The price brackets for evaluating LPT are now a bit more appropriate and realistic for the property market. Every...