Results 1,181-1,200 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Student Accommodation (25 Feb 2025)

Paschal Donohoe: The Rent Tax Credit, as provided for in section 473B of the Taxes Consolidation Act 1997, was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. The Rent Tax Credit has played a valuable role in providing financial support to renters. In Budget 2025, the value of the credit was increased to €1,000 for...

Written Answers — Department of Finance: Revenue Commissioners (25 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 316 and 317 together. As I informed the Deputy during Oral Questions on 13 February last, the review referred to in Parliamentary Question No. 255 of 20 March 2024 refers to an internal compliance-based review undertaken by Revenue. Having regard to taxpayer confidentiality, any findings from Revenue’s compliance reviews are not for publication. ...

Written Answers — Department of Finance: Ministerial Responsibilities (25 Feb 2025)

Paschal Donohoe: A copy of the brief provided to me on my recent appointment as Minister for Finance and to the Minister of State at the Department of Finance is available on my Department’s website at: www.gov.ie/en/organisation-information/1413f6-ministerial-br ief/ On 29 January 2025, the Government, upon nomination of An Taoiseach, formally appointed Ministers of State and assigned their...

Written Answers — Department of Finance: Tax Code (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 for new measures will be considered in this context. Noting that as my colleague, the Minister for Housing, Local Government and Heritage, James Browne TD has responsibility for housing matters, it would be for his Department to seek the...

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

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances that is payable by the beneficiary of the gift or inheritance on the value of the property received. The relationship between the person giving a gift or inheritance and the beneficiary determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. Any prior gift or...

Written Answers — Department of Finance: Housing Schemes (25 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: Rental Sector (25 Feb 2025)

Paschal Donohoe: The Residential Premises Rental Income Relief (RPRIR) introduced in 2024, provides relief, at the standard rate, on a portion of a landlord’s residential rental income. The relief is €3,000 in the tax year 2024, €4,000 in the tax year 2025 and €5,000 in the tax years 2026 and 2027, which is equivalent to a tax credit of up to €600, €800 and...

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 purchase or supply of specific goods and services nor are they required to distinguish specific VAT rates on their periodic VAT returns. Therefore, it is not possible to provide an accurate estimate for the VAT yield generated from construction services or building materials. However, using a...

Written Answers — Department of Finance: European Union (25 Feb 2025)

Paschal Donohoe: The Capital Markets Union (CMU) is a flagship project within EU financial services policy which aims to deepen and further integrate Europe’s capital markets, support growth and enhance the resilience of the financial system. For Ireland, CMU has the potential to widen the sources of available funding for our companies as well as provide opportunities for our export-oriented financial...

Written Answers — Department of Finance: Middle East (25 Feb 2025)

Paschal Donohoe: The Central Bank of Ireland (CBI) is the competent authority under the Prospectus Regulation, and is an independent regulator, in relation to the execution of its operational and regulatory functions. 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...

Written Answers — Department of Finance: Tax Reliefs (20 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. 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 level of support available to first time buyers under the HTB...

Written Answers — Department of Finance: Film Industry (20 Feb 2025)

Paschal Donohoe: As part of Budget 2025, two new incentives were introduced for the audio-visual sector. The section 481 film tax credit has been amended to provide for an uplift of 8% to the existing rate of 32% for small to medium sized productions with a maximum qualifying expenditure of €20 million, and a new audio-visual credit has also been introduced for Unscripted Productions. The Tax...

Written Answers — Department of Finance: Housing Policy (20 Feb 2025)

Paschal Donohoe: The Help to Buy (“HTB”) incentive is a scheme to assist first-time purchasers with the deposit they require 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. Based on the latest available data (30 November...

Written Answers — Department of Finance: Housing Schemes (20 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. 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...

Written Answers — Department of Finance: Revenue Commissioners (20 Feb 2025)

Paschal Donohoe: In October 2023 as part of the budget 2024 speech, the then Minister for Finance announced his intention to introduce a domestic tax on e-cigarettes and vaping products in budget 2025 and he instructed his Department to work with Revenue on the development of a suitable tax. Following in-depth engagement between the Department of Finance and Revenue on the design of such a measure, proposals...

Written Answers — Department of Finance: Housing Schemes (20 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. 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 level of support available to first time buyers under the HTB...

Written Answers — Department of Finance: Social Welfare Payments (20 Feb 2025)

Paschal Donohoe: Carers play a fundamental supporting role in society and Government are committed to supporting individuals and families with caring responsibilities. This is acknowledged by the broad range of commitments in the Programme for Government to improving supports and ensuring that the social welfare system is progressive and empowers people with a disability. To answer the Deputy's specific...

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

Paschal Donohoe: As the Deputy will be aware, the Programme for Government, Securing Ireland’s Future, includes a commitment to “Consider measures, in conjunction with the Department of Finance, to encourage gym membership and active participation in sport and exercise.” In line with best practice, proposals for the introduction of new tax measures or the amendment of existing tax...

Written Answers — Department of Finance: Tax Collection (20 Feb 2025)

Paschal Donohoe: As the Deputy is aware, there are currently a substantial range of tax measures in place which support farm succession. These include Capital Acquisitions Tax (CAT) agricultural relief, which is available on certain gifts and inheritances of agricultural property. The primary policy rationale for agricultural relief is to promote the intergenerational transfer of family farms and ensure...

Written Answers — Department of Finance: Ambulance Service (20 Feb 2025)

Paschal Donohoe: An employee is chargeable to tax on the benefit-in-kind (BIK) arising where, by reason of his or her employment, a vehicle is made available (without a transfer of ownership) to him or her and the vehicle is, in the tax year, available either for that individual’s private use or to his or her family or household. Sections 121 and 121A of the Taxes Consolidation Act 1997 (TCA 1997)...