Results 1,381-1,400 of 33,118 for speaker:Paschal Donohoe

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

Paschal Donohoe: I propose to take Questions Nos. 60 to 62, inclusive, together. The Pensions Authority does not receive any declarations and does not approve any transfers to overseas arrangements for individual scheme members and individual PRSA contributors. The requirements to be in a position to process such a transfer payment to an overseas arrangement are on the trustees of the pension scheme or the...

Written Answers — Department of Finance: Artificial Intelligence (6 Feb 2025)

Paschal Donohoe: For operational and security reasons, we have previously been advised by the National Cyber Security Centre (NCSC) not to disclose details of systems and processes which could in any way compromise departmental security. In particular, it is not considered appropriate to disclose information which might assist criminals to identify potential vulnerabilities in departmental cybersecurity...

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

Paschal Donohoe: In recent years, Government policy has focused on strengthening the environmental rationale behind company car taxation. Finance Act 2019 introduced an environmental rationale for the calculation of Benefit-in-Kind (BIK) on employer provided cars. The introduction of an environmental rationale for BIK was a commitment in the Climate Action Plan and aligns with vehicle BIK policy in several...

Written Answers — Department of Finance: Departmental Contracts (6 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy that the following contracts with consultants were entered into in 2023 and 2024. Please note that the surveys completed by Behaviour and Attitudes marked with * are fully recoupable from the Banks. The survey completed by OECD marked with # is partially recoupable from the CCPC. They pay 50% of the costs, and the department covers the other 50%. ...

Written Answers — Department of Finance: Departmental Reports (6 Feb 2025)

Paschal Donohoe: 'Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’ has been a wide-ranging review of the funds and asset management sector. Following consideration by Government, the report was published on 22 October 2024. Further details can be found on the following page of the Department of Finance website: The recently published Programme for Government...

Written Answers — Department of Finance: Flexible Work Practices (6 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: Fiscal Policy (6 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 68 and 69 together. I am answering these questions on the basis that the Deputy is referring to the possibility of direct investments in Israel, the Occupied Palestinian Territories and the Golan Heights by the three funds managed by the NTMA i.e. ISIF, the Future Ireland Fund and the Infrastructure Climate and Nature Fund. In respect of...

Written Answers — Department of Finance: Customs and Excise (5 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 247, 304 and 305 together. I am advised that Revenue is committed to targeting the illicit tobacco trade and implements a range of measures to identify and target the smuggling, supply or sale of illicit tobacco, including duty free tobacco in excess of duty-free allowances, and where possible, prosecuting those involved. Revenue keeps its operational...

Written Answers — Department of Finance: Rental Sector (5 Feb 2025)

Paschal Donohoe: As the Deputy will appreciate, decisions regarding taxation measures are made in the context of the annual Budget and Finance Bill processes, at the appropriate time, and having regard to the sound management of the public finances. However, and as the deputy may be aware, the Residential Premises Rental Income Relief (RPRIR) provides relief, at the standard rate, on a portion of a...

Written Answers — Department of Finance: Revenue Commissioners (5 Feb 2025)

Paschal Donohoe: Unfortunately it has not been possible to obtain the information requested by the Deputy in the time available to provide a reply. Revenue are working on the request and I will arrange to provide the information requested to the Deputy directly once it is has been received by my Department.

Written Answers — Department of Finance: Tax Code (5 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 250, 253, 264 and 275 together. As the Deputies will be aware, in making any decision in relation to 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. All decisions in relation to changes to VAT rates, including the full scope of any reduction,...

Written Answers — Department of Finance: Tax Code (5 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 251, 257 and 292 together. The VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law must comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within those listed in Annex III, in respect of which Member States may apply a...

Written Answers — Department of Finance: Social Welfare Payments (5 Feb 2025)

Paschal Donohoe: It is a general principle of taxation that, in the absence of a specific exemption, income from all sources is, in general, subject to tax. Section 126 (3) (a) and (b) TCA 1997, sets out that amounts paid on foot of illness benefit (other than amounts payable in respect of a qualified child within the meaning of section 2(3) of the Social Welfare Consolidation Act 2005) are deemed to...

Written Answers — Department of Finance: Tax Code (5 Feb 2025)

Paschal Donohoe: On 22 October 2024, following Government approval. the former Minister published the ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’ - a wide-ranging review of the funds and asset management sector. The terms of reference included review of the taxation regimes for funds, life assurance policies and other related investment products. As part...

Written Answers — Department of Finance: Tax Code (5 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: Insurance Coverage (5 Feb 2025)

Paschal Donohoe: As the Deputy is aware, neither I nor the Central Bank of Ireland can interfere with the provision or pricing of insurance products due to the EU Solvency II Directive. However, this Government remains committed to improving insurance costs and availability for householders, individuals and businesses across Ireland and I would draw your attention to the Programme for Government - Securing...

Written Answers — Department of Finance: Mortgage Interest Rates (5 Feb 2025)

Paschal Donohoe: The Government recognises the difficulties that the increase in interest rates in recent years has caused for some mortgage borrowers. Now that the ECB is reducing official interest rates, the Government expects all mortgage creditors to keep their lending rates under review. Where mortgage rates had in the past increased in line with ECB increases, they should also appropriately adjust...

Written Answers — Department of Finance: Insurance Coverage (5 Feb 2025)

Paschal Donohoe: As the Deputy is aware, neither I nor the Central Bank of Ireland can interfere with the provision or pricing of insurance products due to the EU Solvency II Directive. However, this Government remains committed to improving insurance costs and availability for householders, individuals and businesses across Ireland. I would draw your attention to the Programme for Government-Securing...

Written Answers — Department of Finance: Tax Code (5 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...