Results 141-160 of 33,848 for speaker:Paschal Donohoe

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

Paschal Donohoe: I note the Deputy's question on taxation measures expiring at the end of 2025. The following measures are due to expire at the end of 2025: No. Type Name 1 CGT CGT Farm Restructuring Relief 2 Stamp Duty Residential Development Refund Scheme 3 Stamp Duty Young...

Written Answers — Department of Finance: Local Authorities (23 Sep 2025)

Paschal Donohoe: RZLT is an annual tax, calculated at a rate of 3% of the market value of the land within its scope, known as a relevant site. Relevant sites are identified by reference to maps published by local authorities, which are revised on an annual basis, and reflect land that the local authority has determined meets the relevant criteria for the tax, being that the land is zoned for residential or...

Written Answers — Department of Finance: Tax Yield (23 Sep 2025)

Paschal Donohoe: The Deputy is seeking details on the amount of revenue raised from the operation of the deemed disposal rules under the Capital Gains Tax system. I understand this to be a reference to the eight-year deemed disposal rule that applies to investment undertakings. Section 58 of the Finance Act, 2000 introduced the gross roll-up taxation regime for certain categories of investment undertakings....

Written Answers — Department of Finance: Middle East (23 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 207 and 208 together. I wish to advise the Deputy that the Department of Finance has not made any payments to suppliers located in the specified jurisdictions in the past two years.

Written Answers — Department of Finance: Tax Reliefs (23 Sep 2025)

Paschal Donohoe: In line with best practice, and as with all proposals for the introduction of new tax measures or the amendment of existing tax reliefs, the proposal should be assessed in accordance with the Department of Finance Tax Expenditure Guidelines. The guidelines make clear the importance that any policy proposal which involves tax expenditures should only occur in limited circumstances where there...

Written Answers — Department of Finance: Local Authorities (23 Sep 2025)

Paschal Donohoe: The Annual Progress Report includes the forecasts of revenue and expenditure, taking into account uncertainties around macroeconomic and policy developments. The matter of the refunding of Uisce Éireann water and wastewater connection charges is accounted for in these forecasts. As part of the Government’s capital funding allocation to Uisce Éireann for 2025, €174m...

Written Answers — Department of Finance: Tax Code (23 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 211 and 223 together. When I outlined that Government has established the Future Ireland Fund and Infrastructure, Climate and Nature Fund, which will enable us to set aside of portion of ‘windfall’ tax receipts to prepare for future challenges, instead of for day-to-day spending, I also stated that this will be paired with the appropriate...

Written Answers — Department of Finance: Insurance Industry (23 Sep 2025)

Paschal Donohoe: Neither I as Minister for Finance nor the Central Bank of Ireland can intervene in the provision or pricing of insurance products. These are commercial decisions taken by insurers in line with EU law, specifically the Solvency II Directive, which sets out the framework for insurance within the Single Market. However, I fully recognise the concerns of small and medium-sized businesses,...

Written Answers — Department of Finance: Insurance Industry (23 Sep 2025)

Paschal Donohoe: As the Deputy will be aware, neither I as Minister for Finance nor the Central Bank of Ireland can intervene in the provision or pricing of insurance products. These are commercial decisions taken by insurers in line with EU law, specifically the Solvency II Directive, which governs the operation of the Single Market for insurance. Nevertheless, I fully acknowledge the concerns raised by...

Written Answers — Department of Finance: Insurance Industry (23 Sep 2025)

Paschal Donohoe: As the Deputy will be aware, neither I as Minister for Finance nor the Central Bank of Ireland can direct the pricing or provision of insurance products. These are commercial decisions for insurers operating under the EU Solvency II framework. The Government’s reform agenda has delivered substantial changes to reduce claims costs and create the conditions for a more competitive and...

Written Answers — Department of Finance: Financial Services (23 Sep 2025)

Paschal Donohoe: The role of the Financial Services and Pensions Ombudsman (FSPO) is to resolve complaints from consumers, including small businesses and other organisations, against financial service providers and pension providers. It provides an independent, fair, impartial, confidential and free service to resolve complaints. The FSPO advises that it takes all of the circumstances of a complaint into...

Written Answers — Department of Finance: Insurance Industry (23 Sep 2025)

Paschal Donohoe: I am aware of the vital role that voluntary and community organisations play in Cork and across the country. Sports clubs, cultural festivals and community groups are at the heart of local life, providing recreation, social cohesion and opportunities for people of all ages. It is important that these groups have access to appropriate and affordable insurance so that they can continue to...

Written Answers — Department of Finance: Banking Sector (23 Sep 2025)

Paschal Donohoe: The Finance (Provision of Access to Cash Infrastructure) Act 2025 introduced a requirement for the Central Bank of Ireland (CBI) to collect and publish detailed information on ATM infrastructure including the number, location and hours of availability of ATMs and where prescribed by the Minister, the number and value of withdrawals and the denominations dispensed. The Act also gives the...

Written Answers — Department of Finance: Banking Sector (23 Sep 2025)

Paschal Donohoe: Domestically, the Department of Finance chairs the Anti-Money Laundering Steering Committee, which provides a national, cross-sectoral forum for the active review of Ireland’s anti-money laundering and combating the financing of terrorism (AML/CFT) framework. Work is currently underway on updating Ireland’s AML/CFT national risk assessment. This includes consultation with...

Written Answers — Department of Finance: Central Bank of Ireland (23 Sep 2025)

Paschal Donohoe: The Central Bank has a wide and varied mandate as dictated by the statute of the European System of Central Banks, by the Supervisory EU Legal Acts and by the Central Bank Acts. It has responsibility for the regulation and supervision of financial institutions in terms of consumer protection and prudential requirements and for ensuring ongoing compliance with applicable statutory obligations....

Written Answers — Department of Finance: Tax Collection (23 Sep 2025)

Paschal Donohoe: No specific research has been undertaken by my Department on the issue raised by the Deputy. My Department monitors price developments across the whole of the economy on an ongoing basis and will publish updated macroeconomic forecasts, including for inflation as part of Budget 2026.

Written Answers — Department of Finance: Tax Reliefs (23 Sep 2025)

Paschal Donohoe: I welcome the new Action Plan on Competitiveness and Productivity. As a small open economy, connected to Europe, the US and the wider world, Ireland has been and is committed to a competitive, transparent and stable corporation tax system. The trading profits of companies in Ireland are generally taxed at the standard corporation tax rate of 12.5%, with larger corporate groups potentially...

Written Answers — Department of Finance: Budget Process (23 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 222, 224 and 226 together. Significant structural changes to the tax system have been implemented over the last two decades to broaden the tax base, which include the introduction of the Universal Social Charge, Local Property Tax and Carbon Tax. In addition to this, many tax expenditures have been phased out. All of these actions have resulted in the tax...

Written Answers — Department of Finance: Fiscal Policy (23 Sep 2025)

Paschal Donohoe: My colleague, the Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, and I, will deliver Budget 2026 on October 7th. The Budget will set out an appropriate medium-term fiscal strategy, which is being developed with the long-term growth rate of the economy, as well as other factors, in mind. The strategy will allow us to continue to manage the...

Written Answers — Department of Finance: Tax Collection (23 Sep 2025)

Paschal Donohoe: As the Deputy will be aware, the corporation tax base is extremely concentrated, meaning that the overall yield can be substantially impacted by the activities of a small handful of firms. Last year, ten firms accounted for well over half of all receipts: indeed, analysis by the Irish Fiscal Advisory Council suggests that as few as three firms could account for a third of receipts. This...