Results 161-180 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Irish Stock Exchange (8 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 366 and 367 together. Ireland’s equity markets are diverse, encompassing both public and private equity market participants and a wider ecosystem which includes a large number of professional services firms. It is clear that public equity markets in Europe, including Ireland, have been facing significant challenges over the last decade due to a...

Written Answers — Department of Finance: Tax Reliefs (8 Apr 2025)

Paschal Donohoe: As the Deputy is aware, the Disabled Drivers & Disabled Passengers Scheme (DDS) provides relief from VRT and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as defined, as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief, the...

Written Answers — Department of Finance: Tax Reliefs (8 Apr 2025)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, S.I. No. 353 of 1994 (as amended) provides for the repayment or remission of VAT and Vehicle Registration Tax (VRT) on the purchase of an adapted vehicle for the transport of a person with specific severe and permanent physical disabilities. Qualification for the scheme also provides access to the Fuel Grant scheme...

Written Answers — Department of Finance: Tax Collection (8 Apr 2025)

Paschal Donohoe: I am advised by Revenue that a Local Property Tax (LPT) notice regarding an outstanding LPT liability for 2025, issued the person concerned on 28 March 2025. While Revenue is obliged to collect all tax and interest liabilities as they fall due, it is acknowledged that there will be instances where customers experience unforeseen difficulties, that may result in their inability to meet their...

Written Answers — Department of Finance: Tax Code (8 Apr 2025)

Paschal Donohoe: Section 118(5A) of the Taxes Consolidation Act 1997 (TCA) provides an exemption from benefit-in-kind (BIK) where an employer purchases a travel pass for an employee. This is commonly known as the TaxSaver scheme. Similarly, section 118(5G) TCA provides for the Cycle to Work Scheme. This scheme offers an exemption from BIK where an employer purchases a bicycle and/or associated safety...

Written Answers — Department of Finance: Tax Collection (8 Apr 2025)

Paschal Donohoe: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as...

Written Answers — Department of Finance: Vacant Properties (8 Apr 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department does not own any properties and is provided with accommodation by the OPW.

Written Answers — Department of Finance: Departmental Meetings (8 Apr 2025)

Paschal Donohoe: The Gender Recognition Act comes under the remit of my colleague, the Minister for Social Protection. The implementation of the recommendations of the review of that Act is a matter for his department. I am advised by the Department of Social Protection that they will be in touch when a date has been confirmed for the next stage of the work on an impact assessment.

Written Answers — Department of Finance: Tax Code (8 Apr 2025)

Paschal Donohoe: The charge to tax under what is known as Schedule D is provided for in section 18 Taxes Consolidation Act 1997 (TCA), which classifies certain income sources into five separate Cases. Rental income is taxable under what is known as Schedule D Case V (or simply Case V), while income from trades is taxed under Schedule D Case I (Case I). Investment income, including rental income, is...

Written Answers — Department of Finance: Tax Reliefs (8 Apr 2025)

Paschal Donohoe: The Residential Premises Rental Income Relief (RPRIR) 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 €1,000 respectively....

Written Answers — Department of Finance: Tax Code (8 Apr 2025)

Paschal Donohoe: Legislation providing for the introduction of a new national excise duty to e-cigarettes known as E-Liquid Products Tax (EPT) was included in Chapter 1 of Part 2 of Finance Act 2024. Essentially, e-liquid products are liquids used in e-cigarettes including refill cartridges for refillable devices. Under the new law, EPT will apply to both nicotine-containing and non-nicotine-containing...

Ceisteanna Eile - Other Questions: Trade Relations (3 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 11 and 15 together. The Single Market is the best answer we have to this. We are speaking about the need to grow trade to take the place of trade that may be lost. The best place to do this is on our own doorstep. We have on our doorstop this incredible creation, which Irish politicians and diplomats have spent decades trying to craft, which is the...

Ceisteanna Eile - Other Questions: Trade Relations (3 Apr 2025)

Paschal Donohoe: Deputy Geoghegan has laid out a compelling case, with which I agree, regarding Europe's place in the world and what we have built up in the Single Market and by means of the rule of law. The argument we need to make is that if people invest in Ireland and Europe, if they employ people in Europe and if they want to create new ideas and be entrepreneurs in Europe, they will do so in a very...

Ceisteanna Eile - Other Questions: Trade Relations (3 Apr 2025)

Paschal Donohoe: I thank the Deputies for the questions they have raised. The very important companies the Deputy Neville mentioned, Kerry Group and Intel, form an excellent example of making the case for trade because they are also present in the United States of America. They sell there and have a large presence there. I will, on behalf of the communities the Deputies represent and that other...

Ceisteanna Eile - Other Questions: Tax Collection (3 Apr 2025)

Paschal Donohoe: Property owners who are experiencing financial difficulty may avail of a wide range of flexible payment options in respect of current local property tax, LPT, liabilities and for any previous years. To answer the Deputy's question on those accessing it, the number is quite low: 0.6% of all taxpayers are accessing it across the years 2023, 2024 and 2025. Ahead of the revaluation in 2021, I...

Ceisteanna Eile - Other Questions: Tax Collection (3 Apr 2025)

Paschal Donohoe: To bring to life the figures and move them beyond percentages, the overall number of properties that accessed the deferral option was between 11,800 and 12,500, so it is indeed a low number. The Deputy made a point about the ability for LPT to be varied upward by 25%. One of the things I have learned from watching how this tax operates is this. I believe 25 out of 30 local authorities...

Ceisteanna Eile - Other Questions: Tax Collection (3 Apr 2025)

Paschal Donohoe: I referenced earlier the large number of significant employers clustered in particular parts of our country. This is, for want of a better phrase, because of the ecosystem and their ability to upskill people working in communities who then leave to go to employers in similar sectors located in similar parts of our country. There are some very large employers, and one in particular that...

Ceisteanna Eile - Other Questions: Electric Vehicles (3 Apr 2025)

Paschal Donohoe: I will certainly take on board what the Deputy said and make sure officials in the Department consider it. I am not doubting for a single moment the impact of the various measures she has suggested or what they could do to enhance the further take-up of EVs. We will certainly consider all of that in the coming weeks and months. I do, however, need to relate it back to the broader...

Ceisteanna Eile - Other Questions: Trade Relations (3 Apr 2025)

Paschal Donohoe: I thank the Deputy for raising this. Just to add to his point, the greatest challenge of all to the livelihoods of those he is raising today is if the changes that happened last night become bigger and permanent and if they fundamentally change how our global economy works. In order to see if we can avoid that happening, we need to have negotiation and engagement with the US, as the Deputy...

Ceisteanna Eile - Other Questions: Trade Relations (3 Apr 2025)

Paschal Donohoe: To reconfirm to the Deputy, we have already raised the different sectors within the economy. The food and beverage sectors he raised are a really important part of the communities he represents and contribute to his local economy. Those issues have been raised. The Tánaiste formally communicated with the Commission, I believe on Monday, on this, making the case on the food and...