Results 121-140 of 33,848 for speaker:Paschal Donohoe

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

Paschal Donohoe: From our point of view, it is about ensuring that our debt as a share of national income continues to fall, which it is. It will be 65.3% for 2025, which is a big decrease on previous years.

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

Paschal Donohoe: We have not yet made any decision on any individual tax matters. We will indicate our tax decisions on budget today. Always in our tax code we give support to the housing market. We do that at the moment through help to buy. We will make further decisions on our tax package, which we will communicate on budget day.

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

Paschal Donohoe: I do not think it is helpful to pick out any one part of the different needs we have to consider or which have a particular focus for me. I am looking at an array of different matters. At many opportunities in the past, I have indicated the concerns I had regarding some incentives we had in place in our property market and the long-term effect of that. I still have that view. At the same...

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

Paschal Donohoe: I am going to be consistent in what I say. We are considering all matters with regard to taxation at present and I am going to be consistent in the answer that I gave the Deputy in his earlier questions in saying we have made no decisions. I am sceptical regarding the claim that has been made that refundable tax credits can have the kind of effect that it is claimed with regard to the lower...

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

Paschal Donohoe: The working family payment has been a very effective payment we have used in the past to support those who are on lower income, as well as the gradual changes we have made in a number of years with regard to USC and the introduction into the higher rate of income tax. These have been measures that have helped ensure those on a lower level of income are not paying a higher rate of income tax...

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

Paschal Donohoe: We are considering that at present but there is a meeting taking place, even as we speak, in the OECD regarding the future of that process and what it will mean for international tax co-operation. We are considering what that means for our current corporate tax forecast and we will conclude that work in advance of the White Paper, which we will publish next Friday.

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

Paschal Donohoe: It is €3.3 billion that is the annual cost of servicing our national debt and I am aware of that issue on the VAT registration threshold. I will stand to be corrected by the Deputy but I do think it was changed once in recent years but that is it. The cost of changing it is more considerable than you might think but I am aware of it and it is an issue that has been brought up with me...

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

Paschal Donohoe: Around €6 billion.

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

Paschal Donohoe: Most of the budgets I have done and the budget that the Minister, Deputy Chambers, did last year included indexation.

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

Paschal Donohoe: For this budget, though, there are many different competing demands on the tax end. I am not going beyond the €1.5 billion laid out in the summer economic statement. In addition to some of the other demands and needs of which we are aware, we have a number of tax credits that need to be extended. Otherwise, they will come to a very sudden end. All of that has a considerable cost....

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

Paschal Donohoe: The Department of Finance recently published Ireland 2040, which aimed to do that from a demographic point of view. Later in the year, we will publish that work that looks at long-term budget planning and economic planning within our country. Nevertheless, the ability to do that, given the number of shocks we have faced in recent years, is not as great as some people think.

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

Paschal Donohoe: I am answering the questions, though.

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

Paschal Donohoe: A few weeks ago I met the Limerick Chamber of Commerce, as the Minister, Deputy Chambers, did. They raised many of these issues with us. A large part of our answer to that would be is the national development plan that the Minister has outlined here this evening. From a taxation perspective, I am considering measures that will respond to some of the issues that those employers are raising...

Written Answers — Department of Finance: Tax Code (24 Sep 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. Under Irish VAT legislation, professional medical care services supplied by recognised medical professionals who are registered on a statutory register in the State are generally exempt from VAT. The Department of Health is responsible for the...

Written Answers — Department of Finance: Tax Reliefs (24 Sep 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act ("TCA") 1997 provides for Income Tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which have been carried out or advised by a practitioner, will qualify for tax relief. Broadly, health care...

Written Answers — Department of Finance: Trade Relations (24 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...

Written Answers — Department of Finance: Tax Reliefs (24 Sep 2025)

Paschal Donohoe: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as my...

Written Answers — Department of Finance: Banking Sector (24 Sep 2025)

Paschal Donohoe: Recognising that the State has significantly divested from its bank shareholdings, and in line with the Programme for Government commitment to complete the task of normalising the domestic banking system, in June 2025 I announced that the maximum pay cap would be removed for both AIB and PTSB, having already done so for BOI in 2022. This decision was taken to ensure a level playing field...

Written Answers — Department of Finance: Official Engagements (24 Sep 2025)

Paschal Donohoe: Minister of State for Financial Services, Credit Unions, and Insurance, Robert Troy TD, recently led a trade mission to New York focused on the continued development of Ireland’s international financial services sector. This included a range of engagements, including with Enterprise Ireland and IDA clients, philanthropic organisations, industry groups, and private industry. The...

Written Answers — Department of Finance: Tax Data (24 Sep 2025)

Paschal Donohoe: The Tax Policy Changes document, published as part of Budget 2025, sets out the first and full year cost of Budget 2025 tax policy measures. The carryover cost is calculated from the difference between the first year cost of the measure (2025) and the impact on a full year. The impact of carryover is reviewed as part of the budgetary process, with a number of factors to be considered,...