Results 141-160 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 144 and 159 together. As the Deputies will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. However, I am advised that the VAT rating of goods and services is subject to the EU VAT Directive, with which Irish VAT Law must...

Written Answers — Department of Finance: Tax Credits (15 Jul 2025)

Paschal Donohoe: The Research and Development (R&D) Tax Credit is an important feature of the Irish CT system. It forms part of a suite of corporation tax measures that ensures Ireland remains an attractive location for both domestic, inward investment and building an innovation-driven domestic enterprise sector. The primary policy objective is to increase business R&D in Ireland. Ireland has...

Written Answers — Department of Finance: Fiscal Policy (15 Jul 2025)

Paschal Donohoe: Work is continuing in my Department and across Government on the preparation of the Medium-Term Fiscal Plan. It is my intention to publish this Plan in the autumn.

Written Answers — Department of Finance: Budget 2026 (15 Jul 2025)

Paschal Donohoe: Revenue raising measures are an integral part of every Budget and are considered by the Minister for Finance in that context. However, as the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Vacant Properties (15 Jul 2025)

Paschal Donohoe: In relation to tax-based measures, a range of measures are in place to support or encourage the bringing of vacant residential properties back into use and to increase housing supply. These include the Living City Initiative, pre-letting expenses for vacant properties, the Vacant Homes Tax and the Residential Zoned Land Tax. Additionally, the Department of Housing, Local Government and...

Written Answers — Department of Finance: Tax Credits (15 Jul 2025)

Paschal Donohoe: The Government acknowledges the cost pressures on parents with young children. In recognition of these pressures, several support measures are already in place to ease the burden on working parents. These include various tax-exempted financial supports provided by the Minister for Children, Disability and Equality to assist parents to offset the costs of early learning and childcare. ...

Written Answers — Department of Finance: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: The Central Bank of Ireland’s report ‘Financial Stability Review 2025: I’ was published in June. The report is one of the key publications from the Central Bank, published twice a year. The review sets out some of the main risks facing the Irish financial system, assesses the resilience of the system, and the Central Bank’s macroprudential policy stance. Since...

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment in advance of the Budget on any tax matters that might be the subject of Budget decisions. The current position is that small businesses with a low turnover are not obliged to register for VAT, thereby avoiding the administrative burden that VAT registration entails. I am advised...

Written Answers — Department of Finance: Fiscal Policy (15 Jul 2025)

Paschal Donohoe: In response to the need to prepare for future costs and to avoid permanently increasing public spending based on potentially transient taxation revenues, the Government established the Future Ireland Fund (FIF) and the Infrastructure, Climate and Nature Fund (ICNF) in June 2024. The FIF is designed to support, in a consistent and sustainable manner, State expenditure in 2041 or any year...

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: The Business Tax Stakeholder Forum (the Forum) was established in 2023, and addresses a commitment made in “Ireland’s Corporation Tax Roadmap January 2021 Update”, to develop a new framework for stakeholder engagement from the business community. Purpose and Responsibilities The Forum aims to provide an opportunity for key stakeholders to engage with officials in the...

Written Answers — Department of Finance: Credit Unions (15 Jul 2025)

Paschal Donohoe: The credit union sector is an important contributor to the housing market in the area of house lending and investment in social housing via the Credit Union Approved Housing Body (AHB) Fund. Investment in Approved Housing Bodies (AHBs) is permitted under credit union regulations, introduced by the Central Bank of Ireland in March 2018. Under these regulations, over €1 billion can...

Written Answers — Department of Finance: Credit Unions (15 Jul 2025)

Paschal Donohoe: The Programme for Government has included a commitment to draft a five-year strategy for the credit union sector. I and the Minister of State intend to co-sponsor a workplan with the credit union sector to determine its Strategic Purpose and Framework. I have instructed my officials to draft a member focussed plan that will be inclusive and owned by the sector. My officials are actively...

Written Answers — Department of Finance: Insurance Industry (15 Jul 2025)

Paschal Donohoe: As the Deputy is aware, neither the Minister for Finance nor the Central Bank of Ireland can intervene in insurance pricing or provision under the EU's Solvency II directive. The Government remains fully committed to the continued reform of the insurance sector, ensuring reforms result in lower costs and greater availability of insurance for businesses across Ireland. The previous Action...

Written Answers — Department of Finance: Departmental Policies (15 Jul 2025)

Paschal Donohoe: The issues in the Irish housing market are caused by a shortfall in supply due to demographic and economic growth outstripping the growth in new homes for more than a decade. An increase in the supply of new housing remains a priority aim of Government policy. A range of tax-based measures are in place to support or encourage first-time buyers, renters and providers of housing such as...

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: The current position is that small businesses with a low turnover are not obliged to register for VAT, thereby avoiding the administrative burden that VAT registration entails. I am advised by Revenue that the VAT registration thresholds are subject to the requirements of EU VAT law, with which Irish VAT law is obliged to comply. Under the Directive there is an upper limit of...

Written Answers — Department of Finance: Closed-Circuit Television Systems (15 Jul 2025)

Paschal Donohoe: I wish to inform the Deputy that my Department and the bodies under the aegis of my Department have implemented appropriate and relevant physical security measures to ensure the ongoing protection of the organisations. These measures follow industry best practice and are fully compliant with the relevant Data Protection legislation. For operational and security reasons, it is not considered...

Written Answers — Department of Finance: Land Issues (15 Jul 2025)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. RZLT is designed to prompt residential development by owners of land that satisfies the relevant criteria for the tax, that being that the land is zoned for residential or mixed-use (including residential) purposes and is serviced. RZLT is an annual tax, calculated at a rate of 3%...

Written Answers — Department of Finance: Departmental Policies (15 Jul 2025)

Paschal Donohoe: Since 23 January 2025, the Department of Finance has delivered a number of policy achievements which include: Annual Progress Report 2025 The Annual Progress Report (APR) is a European legal requirement and replaces the annual Stability Programme Updates and the annual National Reform Programme in the European budgetary cycle; it is a key part of the reformed European fiscal architecture. The...

Written Answers — Department of Finance: Budget 2026 (15 Jul 2025)

Paschal Donohoe: Section 1025 of the Taxes Consolidation Act (“TCA”) 1997 provides for the tax treatment of payments made under a maintenance arrangement by one party of a marriage to another, where parties to the marriage are not jointly assessed to tax. A maintenance arrangement for the purposes of section 1025 TCA 1997, means an order of a court, rule of court, deed of separation, trust,...

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 347, 348, 349, 351, 352, 356, 359 and 369 together. 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...