Results 32,521-32,540 of 33,289 for speaker:Paschal Donohoe

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

Paschal Donohoe: I am advised by Revenue that the breakdown of total amounts collected and the respective percentages of net exchequer receipts for the years 2022, 2023 and 2024 for VAT and Mineral Oil Tax (MOT), non-carbon component (NCC) and carbon component (CC), in respect of petrol, diesel, marked gas oil (MGO) and Kerosene are shown in the following table. Both Kerosene and MGO are used in home heating...

Written Answers — Department of Finance: Semi-State Bodies (7 May 2025)

Paschal Donohoe: The relevant State bodies under the aegis of my Department have provided the requested information in the below table. It should be noted that the Irish Fiscal Advisory Council does not have a CEO position. The salaries of the Chief Executives of the bodies listed are published in their Annual Reports. State Body CEO basic annual salary Contract expiry date...

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

Paschal Donohoe: As the Deputy is aware the current thresholds for the income tax age exemption are €18,000 per annum where an individual is aged 65 years or over, and €36,000 per annum for married couples and civil partners, jointly assessed to tax, where either individual is aged 65 or over. The relevant income thresholds may be increased further if the individual has a qualifying child....

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

Paschal Donohoe: The Research and Development (R&D) corporation tax credit allows companies to claim a 30% tax credit in respect of expenditure incurred on qualifying R&D activities. The R&D corporation tax credit is available to all companies within the charge to Irish tax who are undertaking qualifying R&D activities. I am mindful of the need to encourage more SME companies to engage...

Written Answers — Department of Finance: Legislative Programme (7 May 2025)

Paschal Donohoe: Drafting of the Finance (Tax Appeals and Fiscal Responsibility) Bill 2024 was approved by Government in June 2024. This Bill will amend the Finance (Tax Appeals Act) 2015 to make changes to how Appeal Commissioners are appointed, to provide for various grades of Appeal Commissioner and to make a number of amendments on foot of the 2021 Supreme Court judgement in respect of the Zalewski v....

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

Paschal Donohoe: At the outset, it is important to clarify that the provision of home insurance is a commercial matter for insurance companies, based on an actuarial assessment of the risks they are in a position to accept. Government cannot interfere in the provision or pricing of insurance, or direct as to what cover is provided, as is reinforced by the EU framework for insurance (the Solvency II...

Written Answers — Department of Finance: Primary Medical Certificates (7 May 2025)

Paschal Donohoe: The Primary Medical Certificate and applications for same are a matter for the Department of Health. The Disabled Drivers and 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...

Written Answers — Department of Finance: Real Estate Investment Trusts (14 May 2025)

Paschal Donohoe: The rules relating to Real Estate Investment Trusts (REITs) in Ireland are contained in Part 25A of the Taxes Consolidation Act 1997. The purpose of the REIT regime is to allow for a collective investment vehicle which provides a comparable after-tax return to investors as direct investment in rental property, by eliminating the double layer of taxation at corporate and shareholder level...

Written Answers — Department of Finance: Tax Reliefs (14 May 2025)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they require to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax paid in Ireland over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act outlines the definitions and...

Written Answers — Department of Finance: Tax Yield (14 May 2025)

Paschal Donohoe: EU law sets out the framework under which Member States are obliged to apply excise duty on alcohol products. In Ireland the excise duty takes the form of Alcohol Products Tax (APT) as provided for in Chapter 1 of Part 2 of the Finance Act 2003. Council Directive 92/83/EEC, also known as the “Alcohol Structures Directive”, lays down a harmonised approach for the...

Written Answers — Department of Finance: Tax Yield (14 May 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 certain listed categories to which Member States may apply a lower rate. The wholesale or retail supply of alcohol products...

Written Answers — Department of Finance: Departmental Contracts (14 May 2025)

Paschal Donohoe: My department currently procures the vast majority of its IT equipment using Government Framework competitions put in place by the Office of Government Procurement. Some ICT services, advice and support, including additional IT equipment procured within the Department of Finance, are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public...

Written Answers — Department of Finance: National Treasury Management Agency (14 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 42 to 47, inclusive, together. For some background on the proposed development I refer the Deputy to the responses given by the then Ministers for Finance to Parliamentary Questions reference numbers 23419/25, 28575/24 and 26235/24. As the Deputy is presumably aware, the Ireland Strategic Investment Fund (ISIF) has invested in GMC on a commercial basis...

Written Answers — Department of Finance: State Claims Agency (14 May 2025)

Paschal Donohoe: The NTMA have informed me that the State Claims Agency publishes details on the amounts paid each year, in respect of costs incurred in resolving and managing ongoing active claims, in the National Treasury Management Agency ("NTMA") Annual Report and Financial Statements. In this connection they refer you to page 53 of the 2022 NTMA Annual Report and Financial Statements and page 55 of the...

Written Answers — Department of Finance: State Bodies (14 May 2025)

Paschal Donohoe: The Motor Insurers’ Bureau of Ireland (MIBI) is a not-for-profit organisation, established to compensate the victims of road traffic accidents caused by uninsured and unidentified vehicles. Officials in my Department have engaged with the MIBI, who have confirmed that the total compensation provided by the MIBI between 2021 and 2023 is as set out in the following table: ...

Written Answers — Department of Finance: Personal Injury Claims (14 May 2025)

Paschal Donohoe: The Motor Insurers’ Bureau of Ireland (MIBI) is a not-for-profit organisation, established to compensate the victims of road traffic accidents caused by uninsured and unidentified vehicles. 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. The Personal Injuries Guidelines,...

Written Answers — Department of Finance: Personal Injury Claims (14 May 2025)

Paschal Donohoe: The National Treasury Management Agency (NTMA) have informed me that if the amended Personal Injuries Guidelines were to come into effect, there will be a financial impact for the State authorities for whom the State Claims Agency manages claims. The amended Guidelines provide for an across-the-board increase in damages of 16.7%, reflecting the increase in the HICP in the years since the...

Written Answers — Department of Finance: Business Supports (14 May 2025)

Paschal Donohoe: Capital Gains Tax(CGT) relief is provided for in sections 598 and 599 TCA 1997 and is commonly referred to as ‘retirement relief’. However, a taxpayer does not have to retire in order to qualify for this relief. The relief may apply on the disposal, by way of sale or gift, of qualifying assets once the individual making the disposal is at least 55 years of age and has owned and...

Written Answers — Department of Finance: Tax Avoidance (14 May 2025)

Paschal Donohoe: The Finance Act 2016 made certain changes to the taxation of qualifying companies, within the meaning of section 110 Taxes Consolidation Act 1997 (“TCA 1997”). The changes, which included the introduction a new subsection (5A) in section 110, relate to the taxation of profits derived from the business of qualifying companies that involve the holding, managing or both the holding...

Written Answers — Department of Finance: Departmental Data (14 May 2025)

Paschal Donohoe: In general, any entity involved in the business of providing credit to consumers has to be authorised as a credit institution, a credit union or a retail credit firm. Any non-bank or non-retail credit firm who subsequently services or acquires the legal title to the rights of the creditor under such a credit agreement has to be authorised as a credit servicing firm. In its...