Results 32,501-32,520 of 33,289 for speaker:Paschal Donohoe

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

Paschal Donohoe: As the Deputy is aware Section 114 of the Taxes Consolidation Act (“TCA”) 1997 provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. I am informed by Revenue that the flat rate expense (“FRE”) regime is operated by Revenue on an administrative...

Written Answers — Department of Finance: Financial Services (8 May 2025)

Paschal Donohoe: The Central Bank of Ireland, as Regulator, collects the data, and has provided the Department with the following information: Out of the total population of dormant funds authorised by the Central Bank of Ireland which have not applied for revocation, a total of 32 funds have non-zero assets under management (AUM) totalling €102m. This accounts for less than 0.01% of total AUM of...

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

Paschal Donohoe: The Capital Acquisition Tax (CAT) heritage-based exemptions that the Deputy is referring requires as part of eligibility conditions, that “reasonable facilities for viewing” are provided in respect of the heritage object, or heritage house or garden, as the case may be. In relation to the Deputy’s question as to the total number of times a Capital Acquisitions Tax...

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

Paschal Donohoe: I am advised by Revenue that, as its payroll records do not contain data in relation to minimum wage earners in terms of hours worked or the hourly wage, it has no data from which to provide an estimate as requested by the Deputy.

Written Answers — Department of Finance: Legislative Measures (8 May 2025)

Paschal Donohoe: Drafting is at an advanced stage of development in respect of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill 2024 (“the Bill”), which when enacted, will facilitate the orderly conclusion of the Special Liquidation of the IBRC, and the dissolution of NAMA by the end of 2025 in accordance with NAMA’s 2021 Strategic Plan. The Bill will also provide...

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

Paschal Donohoe: Ireland’s excise duty treatment of aviation fuel is governed by European Union law as set out in Directive 2003/96/EC on the taxation of energy products and electricity, commonly known as the Energy Tax Directive (ETD). Under national law liquid fuels are subject to excise duty in the form of Mineral Oil Tax (MOT). I am advised by Revenue that current and historical MOT rates...

Written Answers — Department of Finance: Departmental Policies (8 May 2025)

Paschal Donohoe: I take it that the Deputy is referring to the issue of motor finance as previously addressed in the Parliamentary Question of 5 February 2025. As the Deputy is aware, the Central Bank of Ireland instructed regulated firms who were applying discretionary commission arrangements to motor finance hire purchase arrangements to cease that practice from 31 July 2024. The Central Bank advises...

Written Answers — Department of Finance: Tax Yield (8 May 2025)

Paschal Donohoe: I am advised by Revenue that the table below sets out the estimated yield from the introduction of a second home charge of €400, €1000 and €2,000 respectively on properties liable to Local Property Tax, excluding the first property for each liable person and excluding all other properties owned by Local Authorities and Approved Housing Bodies. Revenue does not hold...

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

Paschal Donohoe: I am advised by Revenue that their micro-simulation modelling tool, Tax Modeller, is built to model scenarios on a taxpayer unit basis (i.e. including jointly assessed couples as one taxpayer unit). As such, it does not generate any outputs on an individualised basis and is therefore not possible to estimate changes to tax credit on an individual basis for a projected tax year, e.g. the tax...

Written Answers — Department of Finance: Tax Reliefs (8 May 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.” The Programme for Government also acknowledges that “sport holds a special place in Irish life and society...

Written Answers — Department of Finance: Tax Yield (8 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 298, 299 and 300 together. In relation to Question No 298 (Ref: 23147/25), I am advised by Revenue that the number of category A vehicles and revenue raised from the applied Nitrogen Oxide (NOx) emissions levy in 2023, 2024 and to the 31st of March 2025 is provided in the table below. Year Number of Registrations (NOx levy applied) ...

Written Answers — Department of Finance: Public Sector Pay (8 May 2025)

Paschal Donohoe: The Department of Finance currently has 88 people earning more than €100,000 per year. The breakdown is as follows: Salary Band€ Number of employees earning over €100,000 per year 100,001 - 125,000 59 125,001 - 150,000 21 150,001 - 175,000 3 175,001 -...

Written Answers — Department of Finance: Tax Reliefs (7 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 99, 107, 109, 110, 113 and 118 together. 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...

Written Answers — Department of Finance: Insurance Industry (7 May 2025)

Paschal Donohoe: As the Deputy may be aware, the Government is fully committed in the Programme for Government: Securing Ireland's Future, to further action to drive down insurance costs impacting households, motorists and businesses. A new Action Plan for Insurance Reform is being developed with a focus on encouraging further competition in the market and working with stakeholders to enhance transparency and...

Written Answers — Department of Finance: Ministerial Responsibilities (7 May 2025)

Paschal Donohoe: On 29 January 2025, the Government, upon nomination of An Taoiseach, formally appointed Ministers of State and assigned their responsibilities. Robert Troy TD was appointed as Minister of State at the Department of Finance with special responsibility for Financial Services, Credit Unions and Insurance. The Delegation of Functions Order was approved by the Government on 6 May.

Written Answers — Department of Finance: Housing Schemes (7 May 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 the...

Written Answers — Department of Finance: Tax Data (7 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 103 and 112 together. Sugar Sweetened Drinks Tax (SSDT) is provided for by Chapter 1 of Part 2 of Finance Act 2017. The tax commenced on 1 May 2018 and applies to first supplies in the State of sugar sweetened drinks as defined. The tax applies on a volumetric basis at one of two rates, dependent on the total sugar content of the ready to consume form of the...

Written Answers — Department of Finance: Cycling Policy (7 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 104, 105, 115 and 116 together. Section 118(5G) of the Taxes Consolidation Act 1997 (TCA) provides for the Cycle to Work Scheme. This scheme offers an exemption from benefit-in-kind where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. Associated safety...

Written Answers — Department of Finance: Cycling Policy (7 May 2025)

Paschal Donohoe: The Cycle to Work scheme was introduced in 2009 to encourage the use of bicycles for travel to and from work. Section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for this scheme. This scheme provides an exemption from benefit-in-kind where an employer purchases a bicycle and associated safety equipment for an employee. Under section 118B TCA 1997, an employer and employee...

Written Answers — Department of Finance: Official Engagements (7 May 2025)

Paschal Donohoe: Restrictive measures, or sanctions as they are generally referred to, are a policy intervention utilised by the EU in regard to Common Foreign and Security Policy (CFSP). Ireland implements EU and UN sanctions via EU legislation. As the Deputy is aware, Ireland is represented at the Foreign Affairs Council by An Tánaiste, Minister for Foreign Affairs and Trade. Any decisions regarding...