Results 1-20 of 33,833 for speaker:Paschal Donohoe

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

Paschal Donohoe: The Help to Buy incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment It also has as an aim to encourage additional supply of new houses by supporting demand. The scheme provides a refund of Income Tax and Deposit Interest Retention Tax paid in Ireland over the previous four years, subject to certain limits and is legislated...

Written Answers — Department of Finance: Insurance Coverage (8 Oct 2025)

Paschal Donohoe: I would like to thank the Deputy for their question regarding the implementation of legislation for the Right to be Forgotten for cancer survivors in the context of access to mortgage protection insurance and the Central Bank (Amendment) Bill 2025. The Government is firmly committed to advancing this important legislative reform and it is a key commitment in the Programme for Government...

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

Paschal Donohoe: From 1 January 2023, new rates of benefit-in-kind (BIK) were applied to the provision of an employer-provided car, which take into account the CO2 emissions of the car. The amount taxable as a BIK remains determined by the car's original market value (OMV) and the annual business kilometres driven, with new CO2 emissions bands used to determine whether a standard, discounted, or surcharged...

Written Answers — Department of Finance: Tobacco Control Measures (8 Oct 2025)

Paschal Donohoe: The E-liquid Products Tax (EPT), legislated for in Chapter 1 of Part 2 of the Finance Act 2024 and due to commence from 1 November 2025, applies to the liquids used in e-cigarettes, including refill cartridges for refillable devices. The tax is not applicable to other product types. As a tobacco-containing product, tobacco pouches would be liable to tobacco products tax. It is understood...

Financial Resolutions 2025 - Budget Statement 2026 (7 Oct 2025)

Paschal Donohoe: The additional revenue arising from the carbon tax increase is estimated at €121 million in 2026 and a full-year additional yield-----

Financial Resolutions 2025 - Budget Statement 2026 (7 Oct 2025)

Paschal Donohoe: -----of €157 million. These measures will be ring-fenced to ensure that carbon tax policy is progressive.

Financial Resolutions 2025 - Budget Statement 2026 (7 Oct 2025)

Paschal Donohoe: We will spend this revenue on social welfare measures and other measures to prevent fuel poverty and to ensure a just transition, with a socially progressive national retrofitting programme, and to encourage and support our farmers to farm in a greener and more sustainable way.

Financial Resolutions 2025 - Budget Statement 2026 (7 Oct 2025)

Paschal Donohoe: For example, the allocation for the warmer homes scheme, which provides completely funded retrofits to low-income households, has seen an eleven-fold increase relative to where we were in 2020. We are also making huge progress on solar generation. Today, there are over 140,000 households with solar PV installed, providing greater energy affordability for these homes, both by reducing their...

Financial Resolutions 2025 - Budget Statement 2026 (7 Oct 2025)

Paschal Donohoe: Introduction Budget 2026 will invest in our future while securing the jobs, prosperity and stability of today. It will tackle the serious challenges of meeting our housing and investment needs. At the same time, we are preparing for tomorrow. This budget builds up our resilience and will help us to adapt at a time of historic challenge and change for our economy and our society. This...

Written Answers — Department of Finance: Tax Reliefs (7 Oct 2025)

Paschal Donohoe: Capital gains tax (CGT) arises in respect of chargeable gains accruing on the disposal of an asset, including residential property, at the rate of 33%. The first €1,270 of chargeable gains of an individual in any year are exempt from CGT. Section 604 of the Taxes Consolidation Act 1997 (TCA 1997) provides relief from CGT on the disposal of one’s principal private residence...

Written Answers — Department of Finance: Tax Reliefs (7 Oct 2025)

Paschal Donohoe: While I appreciate that some people are using cars to travel long distances to their principal place of employment, ultimately it is a matter for individuals to choose the transport option that works best for them, taking into account certain tax incentives which are available. For example, in order to encourage the uptake of more sustainable and environmentally friendly transport options,...

Written Answers — Department of Finance: Tax Code (7 Oct 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. In the Programme for Government 2025 it was pledged to support SMEs, particularly those in the retail and hospitality sectors, by examining changes to VAT, PRSI and other measures. Any...

Written Answers — Department of Finance: Illicit Trade (7 Oct 2025)

Paschal Donohoe: I am advised by Revenue that it uses a range of measures to tackle the sale of illicit tobacco, including online sales. At the core of these measures is identifying and targeting the smuggling of illicit tobacco products into the State, with a view to disrupting the supply chain, seizing the products and, where possible, prosecuting those involved. Revenue’s strategy involves...

Written Answers — Department of Finance: Fiscal Policy (7 Oct 2025)

Paschal Donohoe: As the Deputy will be aware, public expenditure is a matter for my colleague, the Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation. Building up our fiscal buffers and ensuring we have the resources on hand to deal with future shocks is a central pillar of this Government’s fiscal strategy. The establishment of the Future Ireland Fund and the...

Written Answers — Department of Finance: Illicit Trade (7 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 129 and 130 together. The Windsor Framework established a new set of arrangements for the movement of goods between Great Britain (GB) and Northern Ireland (NI). Goods moved from GB into NI and remaining in NI, under the UK Internal Market Scheme (UKIMS), often called ‘green lane’ goods, are not subject to full international customs...

Written Answers — Department of Finance: Tax Exemptions (7 Oct 2025)

Paschal Donohoe: I understand that, subsequent to putting down this PQ for reply, you have provided further clarification to the effect that you are asking me to set out the stamp duty regime that applies to First Time Buyers in the case of both second hand and new residential properties I can confirm that the standard rates of Stamp Duty that currently apply on transfers of residential property are:1% on the...

Written Answers — Department of Finance: Primary Medical Certificates (7 Oct 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 my...

Written Answers — Department of Finance: Tax Code (7 Oct 2025)

Paschal Donohoe: As the Deputy is aware the current thresholds for the income tax age exemption are €18,000 per annum where an individual is aged 65 years or over, and €36,000 per annum for married couples and civil partners, jointly assessed to tax, where either individual is aged 65 or over. The relevant income thresholds may be increased further if the individual has a qualifying child....

Written Answers — Department of Finance: Tax Yield (7 Oct 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 Reliefs (7 Oct 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. It also aims to encourage additional supply of new houses by supporting demand. HTB provides 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...