Results 32,181-32,200 of 33,289 for speaker:Paschal Donohoe

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

Paschal Donohoe: The mortgage interest relief for principal private residences which was available in respect of qualifying home loans taken out between 1 January 2004 and 31 December 2012 was phased out on a gradual basis over the period 2009 to 2020. The decision to abolish it was taken in the wake of the financial crisis, with the cost of the relief being one of the influencing factors. The relief cost...

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

Paschal Donohoe: The information sought by the Deputy is set out in the tables below. It was not possible for the Central Bank to provide a response to this question in the given timeframe and this body will provide a response directly to the Deputy. The remaining bodies under the aegis of my Department have provided the total expenditure on public procurement in the below tables. It should be noted that...

Written Answers — Department of Finance: Departmental Bodies (25 Mar 2025)

Paschal Donohoe: I wish to advise the Deputy that it is difficult to define where the perimeter of what constitutes “quasi-judicial” lies, however, those bodies under the Aegis of my Department which adjudicate disputes between parties where the outcome of that adjudication is binding on the parties unless appealed are deemed quasi-judicial in nature and are listed below. The Central Bank of...

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

Paschal Donohoe: Rent-a-room relief, which is provided for in section 216A Taxes Consolidation Act 1997 (TCA), was introduced in 2001 with the aim of increasing the availability of rented residential accommodation. The section provides that, where an individual rents a room or rooms in her/his home as residential accommodation, and the gross rent received (including sums for food, laundry or similar goods and...

Written Answers — Department of Finance: Tax Exemptions (25 Mar 2025)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. RZLT is designed to prompt residential development by owners of land that is zoned for residential or mixed-use (including residential) purposes and that is serviced. RZLT is an annual tax, calculated at a rate of 3% of the market value of the land within its scope. The tax is due...

Written Answers — Department of Finance: Social Media (25 Mar 2025)

Paschal Donohoe: I wish to advise the Deputy that of the social media videos posted by my Department during the timeframe specified, 100% included closed captioning/subtitles and none included Irish sign language translations. I am advised that of the social media videos posted by the bodies under the aegis of my Department in 2024, none included Irish sign language translations. The position in relation...

Written Answers — Department of Finance: Tax Code (25 Mar 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: Insurance Coverage (25 Mar 2025)

Paschal Donohoe: It is important to note that neither I as Minister for Finance, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products. This position is reinforced by the EU framework for insurance (the Solvency II Directive). Consequently, I am not in a position to direct insurance companies to extend coverage beyond the terms specified in their policies. ...

Written Answers — Department of Finance: Vehicle Registration Tax (25 Mar 2025)

Paschal Donohoe: The Finance Act 1992, as amended, sets out the rules governing vehicle registration and Vehicle Registration Tax (VRT). In general, the legislation obliges an individual who brings a vehicle into the State to register it within 30 days, and VRT is charged at the point of registration. Section 135 of the Act provides for certain limited circumstances in which a vehicle that is temporarily...

Written Answers — Department of Finance: Credit Unions (25 Mar 2025)

Paschal Donohoe: Dormant accounts legislation is a matter for the Department of Rural and Community Development. The Dormant Accounts Act, 2001 (as amended) provides for accounts in credit institutions to be transferred to the Dormant Accounts Fund when an account has been dormant for 15 years. Credit unions are currently not subject to the dormant accounts legislation. Accordingly, dormant accounts in...

Written Answers — Department of Finance: Insurance Industry (26 Mar 2025)

Paschal Donohoe: At the outset, it is important to clarify that neither I nor the Central Bank of Ireland can interfere with the provision or pricing of insurance products, as these are commercial decisions made by individual companies, governed by the EU Single Market framework for insurance (the Solvency II Directive). In relation to motor insurance, Insurance Ireland have advised the Department of...

Written Answers — Department of Finance: Tax Reliefs (26 Mar 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act (“TCA”) 1997 provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which has been carried out or advised by (in certain circumstances) a “practitioner”, will...

Written Answers — Department of Finance: Personal Injury Claims (26 Mar 2025)

Paschal Donohoe: At the outset, it is important to note that the Personal Injuries Guidelines are developed by the Judicial Council, which is independent in its functions. While this matter falls within the remit of the Minister for Justice, I, as Minister for Finance, fully appreciate the significance that changes to the Guidelines may have on the cost of insurance and the potential implications for recent...

Written Answers — Department of Finance: National Asset Management Agency (26 Mar 2025)

Paschal Donohoe: The Deputy will be aware that, under sections 99 and 202 of the NAMA Act 2009, NAMA is unable to divulge confidential information regarding NAMA debtors or their assets, or commercial transactions in which they are involved. Notwithstanding these statutory and legal limitations, I am advised by NAMA that it has considered the judgment that issued in 2024 in the case raised in the article to...

Written Answers — Department of Finance: Tax Reliefs (26 Mar 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. Under section 118B TCA, an employer and employee may also enter into a Revenue-approved salary sacrifice arrangement under which the employee agrees to sacrifice part of his or her...

Written Answers — Department of Finance: Data Protection (26 Mar 2025)

Paschal Donohoe: I am informed that my Department's Data Protection Officer and officials in my Department have regular engagement as required with the Data Protection Commission (DPC), for example in fulfilling obligations under Section 38(5) of the Data Protection Act which requires a Minister to consult with the DPC before making regulations with respect to the processing of personal data that is necessary...

Written Answers — Department of Finance: Tax Reliefs (26 Mar 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act (“TCA”) 1997 provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which has been carried out or advised by a practitioner, will qualify for tax relief. Broadly,...

Written Answers — Department of Finance: Weather Events (26 Mar 2025)

Paschal Donohoe: I wish to advise the Deputy that no additional funding is being provided to my Department with regards to expenditure arising from storm Éowyn.

Written Answers — Department of Finance: Tax Exemptions (27 Mar 2025)

Paschal Donohoe: I am advised by Revenue that, due to its obligation to maintain taxpayer confidentiality, as provided for in Section 851A of the Taxes Consolidation Act 1997, and to uphold its Statistical Disclosure Control Protocol, data in relation to claims for CAT Heritage Exemption in 2018 has been supressed and cannot be provided.

Written Answers — Department of Finance: Tax Data (27 Mar 2025)

Paschal Donohoe: Section 110 of the Taxes Consolidation Act 1997 sets out a regime for the taxation of special purpose companies set up to securitise assets. The tax provisions are intended to create a tax neutral regime for bona-fide securitisation and structured finance purposes. The section 110 regime enables noteholders to invest through one structured vehicle, without giving rise to an additional layer...