Results 1,281-1,300 of 33,118 for speaker:Paschal Donohoe

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Trade Sanctions (13 Feb 2025)

Paschal Donohoe: The Deputy put a set of questions to me and I answered them. She wanted to know whether we are particularly exposed to changes happening in global trade, and I said we are and outlined why. She asked if there is an analysis under way to consider risks we face. I confirmed there is, told the Deputy when it would be complete and told her how it would be published. That work is all under...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (13 Feb 2025)

Paschal Donohoe: As the Deputy will be aware, in making any decisions on VAT rates or other taxation measures, the Government must balance the costs of the measures in question against their impact and the overall budgetary framework. The programme for Government is clear. It commits us to introducing measures to support SMEs, in particular in the retail and hospitality sectors. It acknowledges the...

Written Answers — Department of Finance: Sport and Recreational Development (13 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 15 and 40 together. 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...

Written Answers — Department of Finance: Regulatory Bodies (13 Feb 2025)

Paschal Donohoe: The Central Bank has statutory responsibility for the regulation of mortgage lending by banks and other regulated entities. This is an important part of its independent mandate to preserve and protect financial stability. In line with this mandate, lenders have to meet regulatory requirements when providing mortgage credit to consumers. These regulatory requirements include the Central...

Written Answers — Department of Finance: Banking Sector (13 Feb 2025)

Paschal Donohoe: As you may be aware, on 28th January 2025, I announced the successful completion of the disposal of a further 5% of the State’s shareholding in AIB by way of an accelerated bookbuild. These are the key points relating to the recent share sale: The State’s shareholding in AIB has reduced by 5% from c. 17.5% to c. 12.5% following this transaction.The Placing price was...

Written Answers — Department of Finance: Agriculture Supports (13 Feb 2025)

Paschal Donohoe: There are 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 they continue to be actively...

Written Answers — Department of Finance: Revenue Commissioners (13 Feb 2025)

Paschal Donohoe: The Deputy should note at the outset that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law must comply. Under EU law, generally only businesses that are registered for VAT and charge VAT on their supplies of goods and services are entitled to reclaim the VAT incurred on their business costs. In addition, the...

Written Answers — Department of Finance: Tax Code (13 Feb 2025)

Paschal Donohoe: We have noted the review process commenced in the US, and as ever we will engage constructively with the administration and with our partners in the EU and OECD. All taxes are considered annually as part of the Budgetary process and the Programme for Government 2025, Securing Ireland’s Future, commits the Government to maintaining a broad tax base to guard against the need for...

Written Answers — Department of Finance: Tax Code (13 Feb 2025)

Paschal Donohoe: The Deputy should note that I and the Government are conscious of the implications of fuel costs for all sectors of society. While taxation does affect the final retail price of fuel, a number of factors also contribute to the final cost including energy market dynamics, wholesale pricing, individual retail pricing policy, transport costs, and exchange rate fluctuations. The best way...

Written Answers — Department of Finance: Film Industry (13 Feb 2025)

Paschal Donohoe: In relation to employment rights of film workers, the Deputy will be aware that changes were made to the film tax credit to reinforce the requirement to adhere to employment rights legislation. As part of the cultural certification process, an applicant company is required to submit an undertaking of compliance with all relevant employment legislation in relation to the film being certified....

Written Answers — Department of Finance: Tax Code (13 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. They are investment fund products that are traded on a regulated stock exchange, with a typical ETF comparable to a tracker fund in that it will seek to replicate a particular index. ETF investments can take many different legal and regulatory...

Written Answers — Department of Finance: Climate Change Policy (13 Feb 2025)

Paschal Donohoe: As the Deputy will know, International Climate Finance plays a critical role in addressing the multifaceted challenges of the climate crisis, representing a crucial instrument in global adaptation and mitigation efforts. Consequently, it remains a key priority for this Government, which intends to follow on from the previous Government’s substantial progress in scaling up its...

Written Answers — Department of Finance: Housing Policy (13 Feb 2025)

Paschal Donohoe: A sustainable funding landscape for housing development requires diverse pools of capital, with each playing a complementary role in the funding ecosystem. This will include development funding from our domestic banks, non-bank and alternative lenders, institutional investors, private equity providers and State sources, working together to deliver homes of all tenure types at the scale we...

Written Answers — Department of Finance: Rental Sector (13 Feb 2025)

Paschal Donohoe: I am advised by Revenue that Schedule D of the Taxes Consolidation Act 1997 sets out various cases under which taxes are charged. Income earned from the provision of short-term accommodation for occasional visitors, such as through an online accommodation booking system, is not considered rental income under Case V and is instead taxable as: - Case IV (other income) where the income is...

Written Answers — Department of Finance: Banking Sector (13 Feb 2025)

Paschal Donohoe: The Government recognises the difficulties that the increase in interest rates in recent years has caused for some mortgage borrowers. The ECB is responsible for the formulation and implementation of official interest rates. Changes in official rates feed into the general level of interest rates throughout the economy, but in a market economy the determination of retail and business lending...

Written Answers — Department of Finance: Credit Unions (13 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 28, 49 and 57 together. The Government acknowledges credit unions as community centric financial institutions integral to their local communities, small businesses and farmers. This Government has a dedicated Minister for Financial Services, Credit Unions and Insurance, Minister Robert Troy T.D. The Government has a multi strand approach to help support...

Written Answers — Department of Finance: Insurance Industry (13 Feb 2025)

Paschal Donohoe: The previous Action Plan for Insurance Reform, published in 2020, delivered significant achievements, most notably the rebalancing of the Duty of Care, reforming the Injuries Resolution Board and the introduction of new Personal Injury Guidelines. In addition, in part due to the more attractive operating environment here, new competitors such as OUTsurance, Revolut and Fastnet have entered...

Written Answers — Department of Finance: Departmental Priorities (13 Feb 2025)

Paschal Donohoe: My officials are undertaking a number of actions in the effort to fight payment fraud, at both the national and EU level. Firstly, my officials are working on transposing the Instant Payments Regulation. Besides its requirement to provide “instant” payments, the Regulation also requires the provision of an IBAN/name check, which will apply to both instant payments and...

Written Answers — Department of Finance: International Bodies (13 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 31 and 32 together. Ireland was among almost 140 jurisdictions that signed up to a political agreement in October 2021, through the OECD/G20 Inclusive Framework on BEPS, on a new tax framework to address the tax challenges arising from the digitalisation of the economy. Pillar Two of the agreement provided for the adoption of a new global minimum...

Written Answers — Department of Finance: Credit Unions (13 Feb 2025)

Paschal Donohoe: I thank the Deputy for his question. 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...