Results 32,121-32,140 of 33,289 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Bodies (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 425 to 428, inclusive, together. I am taking this question to refer specifically to the boards of the State Agencies under the aegis of my Department. It should be noted that while the Credit Union Restructuring Board is one of these State Agencies, it was operationally wound down in 2017 and is awaiting formal dissolution. The remaining State Agencies...

Written Answers — Department of Finance: Tax Data (19 Mar 2025)

Paschal Donohoe: Section 78C of the Finance Act 2003 provides for a relief of 50% from Alcohol Products Tax (APT) for certain small-scale producers of beer, cider and perry in the State. I am advised by Revenue that the value of the relief granted in respect of such qualifying producers in the State is shown in the table below. Year APT Relief €m 2014 2.3...

Written Answers — Department of Finance: National Treasury Management Agency (19 Mar 2025)

Paschal Donohoe: The NTMA have provided me with the material below in response to the Deputy's question. The table below outlines the ISIF’s segregated holdings in quoted global alcohol equities at year end from 2014 to 2023, aligned to the NTMA Annual Reports which can be found on the NTMA website, www.ntma.ie. These equity holdings are categorised according to the Bloomberg Industry...

Written Answers — Department of Finance: State Assets (19 Mar 2025)

Paschal Donohoe: The NTMA have provided me with the material below in response to the Deputy's question. The table below outlines the ISIF’s segregated holdings in quoted global alcohol equities at year end from 2014 to 2023, aligned to the NTMA Annual Reports which can be found on the NTMA website, www.ntma.ie. These equity holdings are categorised according to the Bloomberg Industry...

Written Answers — Department of Finance: Alcohol Sales (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 432 and 433 together. I am advised by Revenue that Alcohol Products Tax (APT) is charged at the time the excisable product is released from a duty suspension facility (e.g. warehouse) for consumption in the State, or, when following release for consumption in another Member State, is brought into Ireland. Taxpayers liable to APT are not obliged to disclose...

Written Answers — Department of Finance: Ukraine War (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 434, 436 and 437 together. The Deputy may wish to note that EU sanctions have direct effect in all Member States of the EU, and they are legally binding on all natural and legal persons. As such, a natural or legal person who contravenes a provision of an EU sanctions regulation would be guilty of an offence and liable to prosecution. In response to...

Written Answers — Department of Finance: Financial Irregularities (19 Mar 2025)

Paschal Donohoe: I propose to answer questions 12294 and 12297 together. Section 110 of the Taxes Consolidation Act creates a tax-neutral regime for bona fide securitisation and structured finance purposes. Ireland is not unique in having a specific regime for securitisation. Under Central Bank regulations, certain Section 110 companies may be required to publish a prospectus under the “Prospectus...

Written Answers — Department of Finance: Financial Irregularities (19 Mar 2025)

Paschal Donohoe: Section 110 of the Taxes Consolidation Act creates a tax-neutral regime for bona fide securitisation and structured finance purposes. Ireland is not unique in having a specific regime for securitisation. Under Central Bank regulations, certain Section 110 companies may be required to publish a prospectus under the “Prospectus Regulation” (Regulation (EU) 2017/1129). This...

Written Answers — Department of Finance: Tax Reliefs (19 Mar 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 (TCA 1997) provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. This is one of a range of tax reliefs and credits which are provided for in Part 15 of the TCA 1997 which reduce an individual’s Income Tax liability. Only "health expenses" incurred in the provision of...

Written Answers — Department of Finance: Credit Unions (19 Mar 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 and affordable housing via the Credit Union Approved Housing Body (AHB) Fund. This is in addition to the provision of personal loans to fund home improvements and retrofit schemes. Credit union house lending has increased significantly, with 43% year on year growth...

Written Answers — Department of Finance: Insurance Industry (19 Mar 2025)

Paschal Donohoe: Firstly, I would like to acknowledge the impact of the damage caused by severe weather events on families, communities, and businesses. As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. In terms of the challenges associated with obtaining flood cover, the provision of...

Written Answers — Department of Finance: Tax Data (19 Mar 2025)

Paschal Donohoe: Although not registered for VAT, flat-rate farmers may be permitted, in certain limited situations, to claim a refund of the VAT incurred by them on particular inputs. The Value-Added Tax (Refund of Tax) (Flat-rate Farmers) Order 2012 (S.I. No. 201/2012) allows for refunds to be claimed on outlay incurred on: - the construction, extension, alteration or reconstruction of farm...

Written Answers — Department of Finance: Tax Reliefs (19 Mar 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. The incentive gives 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 legislation. The legislation governing the HTB scheme is set out in section 477C of...

Written Answers — Department of Finance: Tax Reliefs (19 Mar 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 an aim 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...

Written Answers — Department of Finance: Artificial Intelligence (19 Mar 2025)

Paschal Donohoe: I can confirm for the Deputy that my Department follows the Government approved Interim Guidelines for the Use of Artificial Intelligence (AI) in the Public Service released in January 2024: www.gov.ie/en/publication/2127d-interim-guidelines-for-use-o f-ai/ In doing so, the Government recognised the opportunities AI presents to help improve the delivery of public services to our citizens....

Written Answers — Department of Finance: Tax Reliefs (19 Mar 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 an aim the encouragement of additional supply of new houses by supporting demand. The relief takes the form of a rebate of income tax, including DIRT, paid in the State over the previous four tax years. The level of support...

Ceisteanna ó Cheannairí - Leaders' Questions (27 Mar 2025)

Paschal Donohoe: I thank the Deputy very much for raising this very important matter. I am very conscious that before this report was made available, many families had very deep worries about surgeries their beloved children had undergone. They were raising questions about the need for and impact of these surgeries. They will at least have questioned their trust in our health service and health...

Ceisteanna ó Cheannairí - Leaders' Questions (27 Mar 2025)

Paschal Donohoe: The Deputy does not need to remind us of the impact this can have on families and those who have been affected by the issues now being raised. We know how important it is to maintain trust in our health services particularly for our very youngest who could be dealing with complex health needs. There is a need to ensure they trust those whose care and expertise they depend on. It is equally...

Ceisteanna ó Cheannairí - Leaders' Questions (27 Mar 2025)

Paschal Donohoe: I thank the Deputy for, ultimately, during this week raising a serious economic challenge which this country confronts. I note he raised it in a very political context so let me respond first on that before I deal with the substantive issue regarding the threat and difficulty our country could face and our response. I have in front of me the alternative budget of the Social Democrats. I...

Ceisteanna ó Cheannairí - Leaders' Questions (27 Mar 2025)

Paschal Donohoe: I stood up and was willing to defend my record. I notice the Deputy was not willing to do the same in his points to me. That is very clear.