Results 31,941-31,960 of 33,289 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Public Procurement Contracts (25 Feb 2025)

Paschal Donohoe: It was not possible for my Department to provide the information sought in the time available. I will, however, make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Public Procurement Contracts (25 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department had no spend in excess of the contract award for the public procurement tenders in each of the past five years. In accordance with Circular 05/2023, my Department advertises all competitions on eTenders above the national advertising threshold of €50,000 and, prior to 2023, all competitions above the then national advertising threshold...

Written Answers — Department of Finance: Student Accommodation (25 Feb 2025)

Paschal Donohoe: The Rent Tax Credit, as provided for in section 473B of the Taxes Consolidation Act 1997, was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. The Rent Tax Credit has played a valuable role in providing financial support to renters. In Budget 2025, the value of the credit was increased to €1,000 for...

Written Answers — Department of Finance: Revenue Commissioners (25 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 316 and 317 together. As I informed the Deputy during Oral Questions on 13 February last, the review referred to in Parliamentary Question No. 255 of 20 March 2024 refers to an internal compliance-based review undertaken by Revenue. Having regard to taxpayer confidentiality, any findings from Revenue’s compliance reviews are not for publication. ...

Written Answers — Department of Finance: Ministerial Responsibilities (25 Feb 2025)

Paschal Donohoe: A copy of the brief provided to me on my recent appointment as Minister for Finance and to the Minister of State at the Department of Finance is available on my Department’s website at: www.gov.ie/en/organisation-information/1413f6-ministerial-br ief/ On 29 January 2025, the Government, upon nomination of An Taoiseach, formally appointed Ministers of State and assigned their...

Written Answers — Department of Finance: Tax Code (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 for new measures will be considered in this context. Noting that as my colleague, the Minister for Housing, Local Government and Heritage, James Browne TD has responsibility for housing matters, it would be for his Department to seek the...

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

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances that is payable by the beneficiary of the gift or inheritance on the value of the property received. The relationship between the person giving a gift or inheritance and the beneficiary determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. Any prior gift or...

Written Answers — Department of Finance: Housing Schemes (25 Feb 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 has as a key aim of the encouragement of additional supply of new houses by supporting demand. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to...

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

Paschal Donohoe: The Residential Premises Rental Income Relief (RPRIR) introduced in 2024, 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...

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 purchase or supply of specific goods and services nor are they required to distinguish specific VAT rates on their periodic VAT returns. Therefore, it is not possible to provide an accurate estimate for the VAT yield generated from construction services or building materials. However, using a...

Written Answers — Department of Finance: European Union (25 Feb 2025)

Paschal Donohoe: The Capital Markets Union (CMU) is a flagship project within EU financial services policy which aims to deepen and further integrate Europe’s capital markets, support growth and enhance the resilience of the financial system. For Ireland, CMU has the potential to widen the sources of available funding for our companies as well as provide opportunities for our export-oriented financial...

Written Answers — Department of Finance: Middle East (25 Feb 2025)

Paschal Donohoe: The Central Bank of Ireland (CBI) is the competent authority under the Prospectus Regulation, and is an independent regulator, in relation to the execution of its operational and regulatory functions. 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...

Written Answers — Department of Finance: Revenue Commissioners (27 Feb 2025)

Paschal Donohoe: I am advised by Revenue that while it previously provided a traditional over-the-counter service in a number of its offices, the changing demands of taxpayers and the need to provide an efficient and cost-effective service has resulted in service channels evolving. I can confirm that the Sligo Office has been closed for a number of years and Revenue do not currently have plans to reopen it. ...

Written Answers — Department of Finance: Departmental Schemes (27 Feb 2025)

Paschal Donohoe: On 28 June 2023, the European Commission put forward a proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the establishment of the digital euro. Work on the draft regulation commenced under the Spanish Council Presidency and is following the normal legislative process through the Council Working Group and the European Parliament. The legislation is still at the first...

Written Answers — Department of Finance: Revenue Commissioners (27 Feb 2025)

Paschal Donohoe: I am advised by Revenue that where a change is made to a taxpayer’s record which may result in a significant tax deduction, the taxpayer will be placed on a Week One/Month One basis. This ensures that any liability arising on an increase in income will only be collected for the current pay period without reference to the income earned in the year-to-date. This practice mitigates any...

Written Answers — Department of Finance: Financial Services (27 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: Financial Services (27 Feb 2025)

Paschal Donohoe: In the first instance, the interaction between the Widow's, Widower's or Surviving Civil Partner's pension and Illness Benefit is a matter for the Minister for Social Protection rather than the Minister for Finance. It is a general principle of taxation that all income, from whatever source, is income for tax purposes and this includes amounts paid to an individual by the Department of...

Written Answers — Department of Finance: Financial Services (27 Feb 2025)

Paschal Donohoe: Price differentials between fuels from different jurisdictions entering the State, arise for several reasons including differential tax rates. Other factors that affect coal prices include global market dynamics, costs of labour, exchange rates, as well as wholesale and retail pricing policy practices which may include additional charges to cover transport and distribution costs. It is...

Written Answers — Department of Finance: Financial Services (27 Feb 2025)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law is obliged to comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within the categories of goods and services listed in Annex III, in respect of which Member States may apply a lower rate. On this...

Written Answers — Department of Finance: Business Regulation (26 Feb 2025)

Paschal Donohoe: I am informed by Revenue that tax compliance programmes are kept under constant review to ensure that they are focused on the areas of greatest risk, including risks from the shadow economy. Challenging shadow economy activity and actively restricting opportunities for deliberate tax and duty evasion continues to be an organisational priority for Revenue. Since 2021, a sectoral shadow economy...