Results 1,461-1,480 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Rental Sector (25 Feb 2025)

Paschal Donohoe: The Residential Premises Rental Income Relief (RPRIR) introduced in 2024, provides relief, at the standard rate, on a portion of a landlord’s residential rental income. The relief is €3,000 in the tax year 2024, €4,000 in the tax year 2025 and €5,000 in the tax years 2026 and 2027, which is equivalent to a tax credit of up to €600, €800 and...

Written Answers — Department of Finance: Tax Yield (25 Feb 2025)

Paschal Donohoe: I am informed by Revenue that traders are not required to identify the VAT yield generated from the purchase or supply of specific goods and services nor are they required to distinguish specific VAT rates on their periodic VAT returns. Therefore, it is not possible to provide an accurate estimate for the VAT yield generated from construction services or building materials. However, using a...

Written Answers — Department of Finance: European Union (25 Feb 2025)

Paschal Donohoe: The Capital Markets Union (CMU) is a flagship project within EU financial services policy which aims to deepen and further integrate Europe’s capital markets, support growth and enhance the resilience of the financial system. For Ireland, CMU has the potential to widen the sources of available funding for our companies as well as provide opportunities for our export-oriented financial...

Written Answers — Department of Finance: Middle East (25 Feb 2025)

Paschal Donohoe: The Central Bank of Ireland (CBI) is the competent authority under the Prospectus Regulation, and is an independent regulator, in relation to the execution of its operational and regulatory functions. My officials have consulted with the CBI and they indicated by way of response that the law is clear on the matter. The CBI has to approve a prospectus for the offer of securities to the...

Written Answers — Department of Finance: Tax Reliefs (20 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. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. The level of support available to first time buyers under the HTB...

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

Paschal Donohoe: As part of Budget 2025, two new incentives were introduced for the audio-visual sector. The section 481 film tax credit has been amended to provide for an uplift of 8% to the existing rate of 32% for small to medium sized productions with a maximum qualifying expenditure of €20 million, and a new audio-visual credit has also been introduced for Unscripted Productions. The Tax...

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

Paschal Donohoe: The Help to Buy (“HTB”) incentive is a scheme to assist first-time purchasers with the deposit they require to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. Based on the latest available data (30 November...

Written Answers — Department of Finance: Housing Schemes (20 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. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. The legislation governing the HTB scheme is set out in section 477C...

Written Answers — Department of Finance: Revenue Commissioners (20 Feb 2025)

Paschal Donohoe: In October 2023 as part of the budget 2024 speech, the then Minister for Finance announced his intention to introduce a domestic tax on e-cigarettes and vaping products in budget 2025 and he instructed his Department to work with Revenue on the development of a suitable tax. Following in-depth engagement between the Department of Finance and Revenue on the design of such a measure, proposals...

Written Answers — Department of Finance: Housing Schemes (20 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. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. The level of support available to first time buyers under the HTB...

Written Answers — Department of Finance: Social Welfare Payments (20 Feb 2025)

Paschal Donohoe: Carers play a fundamental supporting role in society and Government are committed to supporting individuals and families with caring responsibilities. This is acknowledged by the broad range of commitments in the Programme for Government to improving supports and ensuring that the social welfare system is progressive and empowers people with a disability. To answer the Deputy's specific...

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

Paschal Donohoe: 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 new tax measures or the amendment of existing tax...

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

Paschal Donohoe: As the Deputy is aware, there are currently 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...

Written Answers — Department of Finance: Ambulance Service (20 Feb 2025)

Paschal Donohoe: An employee is chargeable to tax on the benefit-in-kind (BIK) arising where, by reason of his or her employment, a vehicle is made available (without a transfer of ownership) to him or her and the vehicle is, in the tax year, available either for that individual’s private use or to his or her family or household. Sections 121 and 121A of the Taxes Consolidation Act 1997 (TCA 1997)...

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...