Results 1,361-1,380 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: EU Regulations (11 Feb 2025)

Paschal Donohoe: I wish to advise the deputy that no fines are being paid to the EU for breaches of EU guidance, requirements, regulations or laws, by my Department or any of the bodies under the aegis of the Department.

Written Answers — Department of Finance: Tax Rebates (11 Feb 2025)

Paschal Donohoe: I am advised by Revenue that the Value Added Tax (Refund of Tax Order) (No. 15) Order 1981 (S.I. 428 of 1981) provides for the refund of VAT incurred on qualifying goods for the use of persons with a disability. The conditions of the Refund Order include providing evidence that the person has a disability, and that the goods are for the purpose of assisting them to overcome their disability...

Written Answers — Department of Finance: National Treasury Management Agency (11 Feb 2025)

Paschal Donohoe: I take it that the Deputy is referring to investments made by ISIF. As the Deputy is aware, the UN maintains a database of business enterprises involved in certain specified activities relating to settlements in the Occupied Palestinian Territories. At the end of 2023, ISIF’s direct investments in companies on the UN database totalled approximately €4.2 million in 11...

Written Answers — Department of Finance: Legislative Process (11 Feb 2025)

Paschal Donohoe: Unfortunately it has not been possible, in the time available, to compile the information requested by the Deputy. My officials will compile the information sought and will write to the Deputy shortly to provide the information compiled.

Written Answers — Department of Finance: Flexible Work Practices (11 Feb 2025)

Paschal Donohoe: I wish to inform the Deputy that there has been no change to my Department's Blended Working Policy. 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 basis to...

Written Answers — Department of Finance: Tax Data (11 Feb 2025)

Paschal Donohoe: Help to Buy (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive offers a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in Section 477C of the Taxes Consolidation Act 1997. I am advised by Revenue that the table below...

Written Answers — Department of Finance: Public Sector Pay (11 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy that the salary paid by the Department of Finance to the Secretary General is in line with the relevant salary scale as set out by the Department of Public Expenditure, NDP Delivery and Reform which apply across the Civil Service. The Secretary General’s current salary scale is Secretary General, Level I - €256,469. This has increased with...

Written Answers — Department of Finance: National Asset Management Agency (11 Feb 2025)

Paschal Donohoe: As the Deputy may be aware, NAMA acquired loans secured by properties with a market value at acquisition of €32.4 billion. NAMA’s legislative remit is to maximise the return on, and deal expeditiously with, the Agency’s acquired bank assets. NAMA’s deleveraging activity is guided by the objective of maximising recover and meeting this remit has involved intensive...

Written Answers — Department of Finance: Departmental Expenditure (11 Feb 2025)

Paschal Donohoe: The information requested by the Deputy in relation to the expenditure relating to IT external service provisions in 2023, 2024 is set out in tabular form below. The Department of Finance has incurred no IT external services in 2025 to date. Year Supplier Amount 2023 PATHFINDER EXECUTION LTD T/A SIA PARTNERS IRELAND €171,923.26...

Written Answers — Department of Finance: Tax Exemptions (11 Feb 2025)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law is required to comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they are exempt from VAT or fall within Annex III of the Directive, in which case lower VAT rates may apply subject to certain rules. In...

Written Answers — Department of Finance: Interest Rates (11 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: Ministerial Responsibilities (11 Feb 2025)

Paschal Donohoe: On 29 January 2025, the Government, upon nomination of An Taoiseach, formally appointed Ministers of State and assigned their responsibilities. Robert Troy TD was appointed as Minister of State at the Department of Finance with special responsibility for Financial Services, Credit Unions and Insurance. I look forward to working closely with Minister of State Troy to progress the remit of...

Written Answers — Department of Finance: Tax Data (11 Feb 2025)

Paschal Donohoe: Ireland is committed to preventing ‘treaty shopping’; an abusive practice whereby a taxpayer establishes itself in a country for the sole purpose of accessing tax treaty benefits. The inclusion of the detailed Limitation on Benefits provision, or LOB, in tax treaties is one of three anti-abuse options recommended as a result of the Action 6 Base Erosion and Profit Shifting...

Written Answers — Department of Finance: Revenue Commissioners (11 Feb 2025)

Paschal Donohoe: I am advised by Revenue that the person in question submitted a Form 11 Income Tax return for the tax year 2022, in paper form, which was received by Revenue on 27 September 2023. The person submitted a separate note which gave a breakdown of various social welfare income received during the year and a summary of self-employed income. The principles of the self-assessment apply to Income...

Written Answers — Department of Finance: National Treasury Management Agency (11 Feb 2025)

Paschal Donohoe: The National Treasury Management Agency (Amendment) Act 2014 ("the Amendment Act"), the NTMA sets out ISIF's mandate with regard to the investment of the Fund. Under the "Amendment Act" the Agency has responsibility for determining, monitoring and keeping under review an investment strategy for the Fund (other than directed investments) in accordance with the investment policy for the Fund. ...

Written Answers — Department of Finance: Illicit Trade (6 Feb 2025)

Paschal Donohoe: I propose to take Questions No. 44, 57 and 58 together. Across the EU, the taxation of tobacco products is governed by the Tobacco Products Tax Directive (2011/64/EU) which sets out EU rules on the structure and rates of excise duty applied to manufactured tobacco. The Directive defines and classifies various manufactured tobacco products according to their characteristics and lays down the...

Written Answers — Department of Finance: Tax Reliefs (6 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 (6 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 46 to 54, inclusive, together. The specific anti-avoidance rules (SAARs) prohibit the misuse of certain losses, reliefs or exemptions when a particular type of transaction, or series of transactions, are undertaken. Revenue may use targeted anti-avoidance rules for more specific transactions than those to which the general anti-avoidance rule (GAAR) applies....

Written Answers — Department of Finance: Tax Credits (6 Feb 2025)

Paschal Donohoe: Finance Act 2018 introduced a short-term, tapered regional uplift under the section 481 film tax credit for productions being made in areas designated under the State aid regional guidelines (among other criteria). The purpose of the regional uplift was to support the development of new, local pools of talent in areas outside the current main production hubs, to support the geographic spread...

Written Answers — Department of Finance: Tax Yield (6 Feb 2025)

Paschal Donohoe: The Deputy should note that with limited exceptions such as the treatment of the carbon tax receipts, hypothecation is not a feature of the Irish tax system as it reduces the flexibility of the Government to prioritise and allocate funds as necessary at a particular time. Such reduced flexibility could act as a constraint on expenditure decisions and could also distort the allocation of...