Results 32,401-32,420 of 33,289 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Irish Bank Resolution Corporation (8 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 361, 362, 363 and 364 together. As the Deputy will be aware, the IBRC Special Liquidators ("SLs") continue to progress the Special Liquidation ("SL") of IBRC towards substantial conclusion, pending enactment of the Conclusion of the IBRC Special Liquidation and Dissolution of NAMA Bill 2024 (the "Bill") which is at an advanced stage of drafting. On the...

Written Answers — Department of Finance: Tax Exemptions (8 Apr 2025)

Paschal Donohoe: The Small Benefit Exemption offers an exemption from Income Tax, PRSI and USC where an employer provides qualifying incentives, such as a voucher or other non-cash benefit, to an employee, subject to certain conditionality. From 1 January 2023, the number of qualifying incentives increased from one to two per annum and the cumulative annual threshold of those benefits increased from...

Written Answers — Department of Finance: Irish Stock Exchange (8 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 366 and 367 together. Ireland’s equity markets are diverse, encompassing both public and private equity market participants and a wider ecosystem which includes a large number of professional services firms. It is clear that public equity markets in Europe, including Ireland, have been facing significant challenges over the last decade due to a...

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

Paschal Donohoe: As the Deputy is aware, the Disabled Drivers & Disabled Passengers Scheme (DDS) provides relief from VRT and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as defined, as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief, the...

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

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, S.I. No. 353 of 1994 (as amended) provides for the repayment or remission of VAT and Vehicle Registration Tax (VRT) on the purchase of an adapted vehicle for the transport of a person with specific severe and permanent physical disabilities. Qualification for the scheme also provides access to the Fuel Grant scheme...

Written Answers — Department of Finance: Tax Collection (8 Apr 2025)

Paschal Donohoe: I am advised by Revenue that a Local Property Tax (LPT) notice regarding an outstanding LPT liability for 2025, issued the person concerned on 28 March 2025. While Revenue is obliged to collect all tax and interest liabilities as they fall due, it is acknowledged that there will be instances where customers experience unforeseen difficulties, that may result in their inability to meet their...

Written Answers — Department of Finance: Tax Code (8 Apr 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. Similarly, section 118(5G) TCA provides for the Cycle to Work Scheme. This scheme offers an exemption from BIK where an employer purchases a bicycle and/or associated safety...

Written Answers — Department of Finance: Tax Collection (8 Apr 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: Vacant Properties (8 Apr 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department does not own any properties and is provided with accommodation by the OPW.

Written Answers — Department of Finance: Departmental Meetings (8 Apr 2025)

Paschal Donohoe: The Gender Recognition Act comes under the remit of my colleague, the Minister for Social Protection. The implementation of the recommendations of the review of that Act is a matter for his department. I am advised by the Department of Social Protection that they will be in touch when a date has been confirmed for the next stage of the work on an impact assessment.

Written Answers — Department of Finance: Tax Code (8 Apr 2025)

Paschal Donohoe: The charge to tax under what is known as Schedule D is provided for in section 18 Taxes Consolidation Act 1997 (TCA), which classifies certain income sources into five separate Cases. Rental income is taxable under what is known as Schedule D Case V (or simply Case V), while income from trades is taxed under Schedule D Case I (Case I). Investment income, including rental income, is...

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

Paschal Donohoe: The Residential Premises Rental Income Relief (RPRIR) 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 €1,000 respectively....

Written Answers — Department of Finance: Tax Code (8 Apr 2025)

Paschal Donohoe: Legislation providing for the introduction of a new national excise duty to e-cigarettes known as E-Liquid Products Tax (EPT) was included in Chapter 1 of Part 2 of Finance Act 2024. Essentially, e-liquid products are liquids used in e-cigarettes including refill cartridges for refillable devices. Under the new law, EPT will apply to both nicotine-containing and non-nicotine-containing...

Written Answers — Department of Finance: Departmental Properties (30 Apr 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department does not lease any properties and is provided with accommodation by the OPW.

Written Answers — Department of Finance: Revenue Commissioners (30 Apr 2025)

Paschal Donohoe: I am advised by Revenue that section 141 of Finance Act 2001 provides that Revenue may seize any goods or vehicles that are liable to forfeiture under the excise legislation. The primary offences that these laws relate to are offences regarding Vehicle Registration Tax (VRT) and Marked Mineral Oil (MMO). Vehicles may also be seized where they are used as a conveyance for offences relating to...

Written Answers — Department of Finance: Tax Code (30 Apr 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: Tax Credits (30 Apr 2025)

Paschal Donohoe: Section 472BB of the Taxes Consolidation Act 1997 (TCA 1997) provides that a tax credit, called the Sea-going Naval Personnel Tax Credit (the credit), is available to those who satisfy the qualifying conditions of that section. It was introduced in Finance Act 2019 in recognition of the proportion of their time that naval personnel spend away from the State at sea providing support to the...

Written Answers — Department of Finance: Fiscal Policy (30 Apr 2025)

Paschal Donohoe: The Ireland Strategic Investment Fund portfolio is constructed within the legislative framework set for it by the Oireachtas. The National Treasury Management Agency (Amendment) Act 2014, (“The Act”) sets out ISIF’s mandate with regard to the investment of the assets of the Fund other than directed investments. Under the Act the Agency has responsibility for determining,...

Written Answers — Department of Finance: Financial Services (30 Apr 2025)

Paschal Donohoe: My officials continue to work closely with the Central Bank of Ireland (CBI) to identify gaps in available data on the investment funds sector. The CBI is committed to using data to deliver optimal supervisory outcomes. At a European level, the CBI are working with the European Securities and Markets Authority (ESMA) and peer National Competent Authorities (NCAs) on the development of...

Written Answers — Department of Finance: Financial Services (30 Apr 2025)

Paschal Donohoe: Statistical data on regulated funds domiciled in Ireland are disseminated on a quarterly basis via a statistical release publication and tables on the Central Bank website www.centralbank.ie/statistics/data-and-analysis/other-financ ial-sector-statistics/investment-funds, and via the Open Data Portal opendata.centralbank.ie/dataset/?organization=investment-fun ds. Beyond the regular...