Results 1,201-1,220 of 33,118 for speaker:Paschal Donohoe

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

Paschal Donohoe: The Research and Development (R&D) corporation tax credit allows companies to claim a 30% tax credit in respect of expenditure incurred on qualifying R&D activities. The Research and Development (R&D) corporation tax credit is an important feature of the Irish Corporation Tax (CT) system. The primary policy objective is to increase business R&D in Ireland, as...

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

Paschal Donohoe: I have taken note of the Presidential Memorandum on the OECD Global Tax Deal, the concerns raised by the new US administration in relation to the OECD tax agreement and their commitment to examine the current situation in relation to taxation globally over the coming months. Ireland signed up to the 2021 agreement, at the OECD Inclusive Framework on BEPS, of a two-pillared solution as a...

Written Answers — Department of Finance: Artificial Intelligence (20 Feb 2025)

Paschal Donohoe: I can confirm for the Deputy that the government approved Interim Guidelines for the Use of Artificial Intelligence (AI) in the Public Service in January 2024. I can confirm that my department follows these guidelines and that these guidelines were circulated to all staff within my department. My department also follows guidance from the National Cyber Security Centre (NCSC) released in...

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

Paschal Donohoe: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. As the Deputy may be aware, the Flood Insurance Bill 2021 was proposed by Deputy John Brady on 20 October 2021. On 15 June 2023, the Government moved a 12-month timed amendment for the Bill owing to a number of...

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

Paschal Donohoe: My views in relation to a tourism accommodation levy on short-term stays in paid accommodation in the context of the Dublin Taskforce recommendation are broadly similar to those outlined by the Minister for Enterprise, Trade and Employment in his response to Parliamentary Question No. 398 of 5 February 2025. As the Minister indicated, there are wide range of considerations which need to be...

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

Paschal Donohoe: I wish to advise the Deputy that the Office of the Government Chief Information Officer (OGCIO) provides my department’s digital and IT systems used for normal business activities, and is responsible for the development and maintenance of those systems. In addition to the main IT system, my department has engaged other suppliers to support certain business activities, and the spend...

Written Answers — Department of Finance: Defective Building Materials (19 Feb 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. Building...

Written Answers — Department of Finance: Arts Council (19 Feb 2025)

Paschal Donohoe: The Department of Finance was made aware of this matter following the Government meeting of 12 February and there has been no correspondence with the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media relating to this issue.

Written Answers — Department of Finance: Tax Exemptions (19 Feb 2025)

Paschal Donohoe: The current thresholds for the income tax age exemption are €18,000 per annum where an individual is aged 65 years or over, and €36,000 per annum for married couples and civil partners, jointly assessed to tax, where either individual is aged 65 or over. The relevant income thresholds may be increased further if the individual has a qualifying child. Additionally, marginal...

Written Answers — Department of Finance: Departmental Expenditure (19 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy, that the Department of Finance has had no overspends exceeding €500,000 on projects undertaken or commissioned by the Department in the timeframe specified. The Central Bank is a body under the aegis of my Department and have provided the requested information below. It was not possible for the National Treasury Management Agency to respond to the...

Written Answers — Department of Finance: Flexible Work Practices (19 Feb 2025)

Paschal Donohoe: I wish to inform the Deputy that there are no changes planned to my Department's Blended Working arrangements. My Department published its Blended Working Policy in July 2022 which was developed in line with the parameters of the Civil Service Blended Working Framework. The Department adopts a flexible and sustainable approach to remote working which allows staff to do so on a blended...

Written Answers — Department of Finance: Land Issues (19 Feb 2025)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. RZLT is designed to prompt residential development by owners of land that satisfies the relevant criteria for the tax, that being that the land is zoned for residential or mixed-use (including residential) purposes and that is serviced. RZLT is an annual tax, calculated at a rate...

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

Paschal Donohoe: I have been advised by the NTMA that since 24th March 2023 (the start date of the current 24 month contract), they have paid a total of €1,130,042 to Rothschild & Co. for work undertaken as independent financial advisor to the Department of Finance. This amount covers work undertaken on six separate successfully completed share sale transactions. It is important to note...

Written Answers — Department of Finance: Tax Avoidance (19 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 66 and 67 together. I am advised by Revenue that a total of 1,332 tax avoidance cases were closed (all in 2017) as a result of the application of the time limit, as set out in the response to Parliamentary Question No. 48 of 6 February 2025. A Revenue official has the right to make enquiries and make or amend assessments outside the normal four year...

Written Answers — Department of Finance: Rental Sector (18 Feb 2025)

Paschal Donohoe: 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 level of public spending supports the State’s involvement in every aspect of housing — land purchase, construction, purchasing and funding. The State also heavily...

Written Answers — Department of Finance: State Claims Agency (18 Feb 2025)

Paschal Donohoe: In response to this question the NTMA have supplied me with the table below which shows all damages paid by the State Claims Agency between 01/01/2023 and 31/01/2025, by Incident/Hazard Category. All schemes are included. Incident/Hazard Category 2023 2024 2025 (to end Jan) Grand Total Clinical Care €275,923,353 ...

Written Answers — Department of Finance: Tax Code (18 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. In Budget 2025, the Group A threshold...

Written Answers — Department of Finance: Departmental Funding (18 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy, that neither my Department or any of the bodies under the aegis of the Department, received funding support for projects of any kind from the United States of America International Development for the period 2016 to date.

Written Answers — Department of Finance: Banking Sector (18 Feb 2025)

Paschal Donohoe: The total amount held on deposit with Irish resident Credit Institutions (including credit unions) as at end December 2024 was €324 billion, of which €159 billion relates to deposits from households and €87 billion relates to deposits from non-financial corporations. Further information can be found on the Central Bank website (see Table A.11.1 Deposits from Irish Private...

Written Answers — Department of Finance: Tax Code (18 Feb 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 an investment fund that is traded on a regulated stock exchange. A typical ETF can be compared to a...