Results 141-160 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Yield (12 Jun 2025)

Paschal Donohoe: The Defective Concrete Products Levy (DCPL) is provided for in Part 18E of the Taxes Consolidation Act (TCA) 1997. The DCPL was introduced by section 99 of the Finance Act 2022, and was amended in section 93 of the Finance (No.2) Act 2023. The levy is calculated at 5% of the open market value of products within the charge of the levy on the date of their first supply. The concrete products...

Written Answers — Department of Finance: Tax Credits (12 Jun 2025)

Paschal Donohoe: Following clarification from the Deputy’s office, it was confirmed that the removal of credits will apply to the personal tax credit, PAYE tax credit and the earned income tax credit. In addition, that the credits will be removed in a tapered way by 2.5% per €1,000, resulting in no benefit from these tax credits for those on incomes in excess of €140,0000. Further, it is...

Written Answers — Department of Finance: Tax Yield (12 Jun 2025)

Paschal Donohoe: An Air Travel Tax (ATT) applied to departures of passengers on flights from certain Irish airports from 30 March 2009 until 1 April 2014. Initially, there were two different rates of tax charged, €10 for each passenger flying to an airport more than 300 km from Dublin Airport (long-haul), and €2 per passenger flying to any other airport within 300 km from Dublin airport...

Ending the Central Bank’s Facilitation of the Sale of Israel Bonds: Motion [Private Members] (11 Jun 2025)

Paschal Donohoe: I move amendment No. 1: To delete all words after "Dail Éireann" and substitute the following: "notes that, the Government: — condemns the renewed Israeli military offensive and plans to establish full control of the Gaza Strip; — urges all parties to return to talks aimed at securing an immediate ceasefire and hostage release deal; — recalls that Ireland...

Written Answers — Department of Finance: Local Authorities (11 Jun 2025)

Paschal Donohoe: Budget 2025 included more than €6 billion in capital spending for housing, including direct Exchequer spending, investment by the Land Development Agency and borrowing by the Housing Finance Agency. This level of public spending supports the State’s involvement in every aspect of housing — land purchase, construction, purchasing and funding through a number of channels...

Written Answers — Department of Finance: Tax Reliefs (11 Jun 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act (“TCA”) 1997 provides for tax relief where an individual proves that he or she has incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which has been carried out or advised by (in certain circumstances) a “practitioner”,...

Written Answers — Department of Finance: Departmental Data (11 Jun 2025)

Paschal Donohoe: The contact details for my Department are: Email address Phone Number minister@finance.gov.ie 01-6767571 mos@finance.gov.ie 01-6767571 The Credit Union Advisory Committee is an advisory committee set up to advise the Minister for Finance in relation to credit union matters. It meets on a monthly basis in my...

Written Answers — Department of Finance: Departmental Contracts (11 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that for the timeline specified, neither my Department nor the bodies under its aegis have had capital projects for IT services which had contracts valued in excess of €1 million that failed to reach completion.

Written Answers — Department of Finance: Departmental Contracts (11 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that neither my Department nor the bodies under its aegis have had capital projects which had contracts in excess of €5 million which ran over cost in 2023.

Written Answers — Department of Finance: Exchequer Deficit (11 Jun 2025)

Paschal Donohoe: The NTMA have informed me that the annual net interest paid on Ireland’s National Debt for each of the years 2000 to 2024 is as included in the table below: €m National Debt Interest 2024 2,991 2023 3,168 2022 3,701 2021 3,594 2020 4,515 ...

Written Answers — Department of Finance: State Pensions (11 Jun 2025)

Paschal Donohoe: I am advised by Revenue that due to the way in which pensions payments from the Department of Social Welfare are declared by taxpayers on a Form 11 tax return it is not possible to separately identify taxpayers where their sole income is the State pension, or to explicitly identify those with this source of income. Revenue advise that, on a Form 11 tax return, taxpayers are asked to...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: I am advised by Revenue that the table below sets out the estimated first and full year costs to the Exchequer, in 2025, of each proposal outlined by the Deputy. Proposal First Year €m Full Year €m Removing the USC on all income up to €30,000 945 1,085 Removing the USC on all income up to...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: I am advised that following clarification from the Deputy's office this question is to ask the 2025 cost of reversing the 1 May 2025 carbon tax increase and not proceeding with the 8 October 2025 carbon tax increase. I am advised by Revenue that the estimated VAT inclusive first-year, 2025, cost of reversing the 1 May carbon tax increase from 1 November and not proceeding with the...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: As the Deputy will be aware the temporary reduction in the rate of VAT from 13.5% to 9% for gas and electricity was first introduced on 1 May 2022. In recognition of the ongoing difficulties experienced by households and businesses with the increasing cost of energy, it has continued to be extended since then with the latest extension passed by Financial Resolution on April 2 and due to...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: I am advised by Revenue that, based on stamp duty returns for 2024, the latest year for which fully analysed data are available, the estimated cost of abolishing stamp duty for first-time buyers is in the order of €60 million. This estimate is arrived at by taking the stamp duty returns for residential property purchases made by persons identifying themselves as first-time buyers,...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: I understand that the Deputy is referring to the proposed changes to Local Property Tax (LPT) approved by Government on 1 April. Further detail on these changes is available at: www.gov.ie/en/department-of-finance/press-releases/minister- donohoe-announces-changes-to-local-property-tax-to-ensure-fa irness/ LPT yield accrues to the Local Government Fund rather than the Exchequer. The...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: An “Exchange Traded Fund” or “ETF” is an investment fund that is traded on a regulated stock exchange. A typical ETF can be compared to a tracker fund in that it will seek to replicate a particular index. There is no separate taxation regime specifically for ETFs. ETFs, being collective investment funds, generally come within the regimes set out in the Taxes...

Written Answers — Department of Finance: Departmental Staff (11 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that there were no retired Department of Finance officials re-engaged by the Department on a consultancy basis in the past four years or to date in 2025. In advance of any engagement, the Department requests that consultants declare any potential conflicts of interest.

Written Answers — Department of Finance: Tax Code (10 Jun 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a beneficiary-based tax on gifts and inheritances that is payable on the value of the property received. 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...

Written Answers — Department of Finance: Tax Reliefs (10 Jun 2025)

Paschal Donohoe: The position is that the tax treatment of maintenance payments varies depending on:whether the maintenance arrangement in place is legally enforceable or voluntary, andwhether the maintenance payment is made for the benefit of a spouse or for the benefit of a child. Section 1025 of the Taxes Consolidation Act (“TCA”) 1997 provides for the tax treatment of maintenance payments...