Results 31,921-31,940 of 33,289 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs (20 Feb 2025)

Paschal Donohoe: As the Deputy will be aware, the Programme for Government, Securing Ireland’s Future, includes a commitment to “Consider measures, in conjunction with the Department of Finance, to encourage gym membership and active participation in sport and exercise.” In line with best practice, proposals for the introduction of new tax measures or the amendment of existing tax...

Written Answers — Department of Finance: Tax Collection (20 Feb 2025)

Paschal Donohoe: As the Deputy is aware, there are currently a substantial range of tax measures in place which support farm succession. These include Capital Acquisitions Tax (CAT) agricultural relief, which is available on certain gifts and inheritances of agricultural property. The primary policy rationale for agricultural relief is to promote the intergenerational transfer of family farms and ensure...

Written Answers — Department of Finance: Ambulance Service (20 Feb 2025)

Paschal Donohoe: An employee is chargeable to tax on the benefit-in-kind (BIK) arising where, by reason of his or her employment, a vehicle is made available (without a transfer of ownership) to him or her and the vehicle is, in the tax year, available either for that individual’s private use or to his or her family or household. Sections 121 and 121A of the Taxes Consolidation Act 1997 (TCA 1997)...

Written Answers — Department of Finance: Tax Credits (20 Feb 2025)

Paschal Donohoe: The Research and Development (R&D) corporation tax credit allows companies to claim a 30% tax credit in respect of expenditure incurred on qualifying R&D activities. The Research and Development (R&D) corporation tax credit is an important feature of the Irish Corporation Tax (CT) system. The primary policy objective is to increase business R&D in Ireland, as...

Written Answers — Department of Finance: Tax Residency (20 Feb 2025)

Paschal Donohoe: I have taken note of the Presidential Memorandum on the OECD Global Tax Deal, the concerns raised by the new US administration in relation to the OECD tax agreement and their commitment to examine the current situation in relation to taxation globally over the coming months. Ireland signed up to the 2021 agreement, at the OECD Inclusive Framework on BEPS, of a two-pillared solution as a...

Written Answers — Department of Finance: Artificial Intelligence (20 Feb 2025)

Paschal Donohoe: I can confirm for the Deputy that the government approved Interim Guidelines for the Use of Artificial Intelligence (AI) in the Public Service in January 2024. I can confirm that my department follows these guidelines and that these guidelines were circulated to all staff within my department. My department also follows guidance from the National Cyber Security Centre (NCSC) released in...

Written Answers — Department of Finance: Insurance Industry (20 Feb 2025)

Paschal Donohoe: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. As the Deputy may be aware, the Flood Insurance Bill 2021 was proposed by Deputy John Brady on 20 October 2021. On 15 June 2023, the Government moved a 12-month timed amendment for the Bill owing to a number of...

Written Answers — Department of Finance: Tourism Policy (20 Feb 2025)

Paschal Donohoe: My views in relation to a tourism accommodation levy on short-term stays in paid accommodation in the context of the Dublin Taskforce recommendation are broadly similar to those outlined by the Minister for Enterprise, Trade and Employment in his response to Parliamentary Question No. 398 of 5 February 2025. As the Minister indicated, there are wide range of considerations which need to be...

Written Answers — Department of Finance: Tax Code (25 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 297, 305 and 308 together. I am informed by Revenue that there has been no change in the legislation, or Revenue’s interpretation of the legislation, relating to the benefit-in-kind (BIK) charge which is applicable on employer-provided vehicles, or the exemption relating to the pooling of cars or vans. Sections 121 and 121A of the Taxes...

Written Answers — Department of Finance: Tax Code (25 Feb 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both gifts and inheritances. 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 not arise. While the thresholds were reduced during...

Written Answers — Department of Finance: Tax Code (25 Feb 2025)

Paschal Donohoe: The taxation of e-cigarettes and novel products, including e-liquids, is expected to be addressed at EU level through a revision of the Tobacco Tax Directive (2011/64/EU). However, the Commission’s proposals for revision of the Directive have been postponed on a number of occasions in the last few years, and in the meantime, a significant number of Member States have moved to introduce...

Written Answers — Department of Finance: Tidy Towns (25 Feb 2025)

Paschal Donohoe: As Minister for Finance, I welcome the innovative partnership between Irish Public Bodies Insurance and Local Authorities that will ensure that Tidy Towns have insurance to continue their work in keeping our towns clean, presentable and attractive for residents and visitors alike. Irish Public Bodies Insurance is working with a number of local authorities while the initiative is in its pilot...

Written Answers — Department of Finance: Social Enterprise Sector (25 Feb 2025)

Paschal Donohoe: Deputy, as you are aware after clarification sought on your question and your agreement, the question is being answered on the basis of "donations " rather than "grants". I am advised by Revenue that donations are treated differently depending on the category of the donor (an individual or a company) making the donation and whether the charity fully complies with the conditions laid down by...

Written Answers — Department of Finance: Primary Medical Certificates (25 Feb 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: Banking Sector (25 Feb 2025)

Paschal Donohoe: The Central Bank of Ireland (CBI) is the competent authority under the Prospectus Regulation. My officials have consulted with the CBI and they indicated by way of response that the law is clear on the matter. The CBI has to approve a prospectus for the offer of securities to the public where it meets the required standards of completeness, comprehensibility and consistency. The CBI also...

Written Answers — Department of Finance: Tax Reliefs (25 Feb 2025)

Paschal Donohoe: The Standard Capital Superannuation Benefit (“SCSB”) is a relief from income tax arising from a lump sum payment connected with the termination of an employment. SCSB is computed at 1/15th of a taxpayer’s average annual pay for the last 36 months in employment. Annual pay in this regard means pay from the employer and does not include any benefits paid by the Department...

Written Answers — Department of Finance: Departmental Consultations (25 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy that the schedule below lists engagements with external legal advisors and the related costs in 2023, 2024 and to date in 2025. Payments listed are inclusive of VAT. Such legal advice is privileged. As also detailed in the table below, a significant proportion of the costs incurred are subsequently recouped by the Department from the banking sector. ...

Written Answers — Department of Finance: Tax Yield (25 Feb 2025)

Paschal Donohoe: I am informed by Revenue that traders are not required to identify the VAT yield generated from the supply of specific services or specific VAT rates on their VAT returns. Therefore, it is not possible to provide an accurate estimate for the VAT yield generated from the sale of newspapers specifically. However, using third-party data sources, the VAT yield from the sale of newspapers in...

Written Answers — Department of Finance: Vacant Properties (25 Feb 2025)

Paschal Donohoe: The Programme for Government 2025 commits to introducing a new, all-of-government national housing plan to follow Housing for All. Any proposals in respect of new or existing measures will be considered in this context. Furthermore, it is a longstanding practice of the Minister for Finance not to comment on any tax matters that might be the subject of Budget decisions. Vacant Homes Tax...

Written Answers — Department of Finance: Tax Code (25 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 310, 311 and 312 together. Residential Zoned Land Tax (RZLT) applies to land zoned for residential development, which also has the necessary services in place for the development of housing. The aim of this tax is to increase the supply of land for building. It will be charged at 3% of the market value of the land every year. Agricultural land which is...