Results 32,861-32,880 of 33,289 for speaker:Paschal Donohoe

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Developments in the Economy in the Year to Date: Minister for Finance (28 May 2025)

Paschal Donohoe: Is this the growth of our domestic economy?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Developments in the Economy in the Year to Date: Minister for Finance (28 May 2025)

Paschal Donohoe: I see that having limited potential for our economy. The reason for that is the importance of the direct link between the US and Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Developments in the Economy in the Year to Date: Minister for Finance (28 May 2025)

Paschal Donohoe: Companies that we have located here would not want to use a third country to circumvent tariffs because of the economic and reputational risks for them. From our point of view, the big benefit companies have is they can just ship right to the US. Geographically, it is harder to see where they could be diverted to. I think that will have a limited effect.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Developments in the Economy in the Year to Date: Minister for Finance (28 May 2025)

Paschal Donohoe: This is an idea that the Minister, Deputy Browne, raised. Like all these ideas, it is one I am certainly willing to consider, have a look at and work with him on. This is in the context of the new housing plan the Government is working on. If we were to agree to something like that, I am sure that is the place where we would agree it. At this point, the Minister has raised it as a...

Ending the Central Bank’s Facilitation of the Sale of Israel Bonds: Motion [Private Members] (11 Jun 2025)

Paschal Donohoe: I move amendment No. 1: To delete all words after "Dail Éireann" and substitute the following: "notes that, the Government: — condemns the renewed Israeli military offensive and plans to establish full control of the Gaza Strip; — urges all parties to return to talks aimed at securing an immediate ceasefire and hostage release deal; — recalls that Ireland...

Written Answers — Department of Finance: Tax Code (10 Jun 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a beneficiary-based tax on gifts and inheritances that is payable on the value of the property received. 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...

Written Answers — Department of Finance: Tax Reliefs (10 Jun 2025)

Paschal Donohoe: The position is that the tax treatment of maintenance payments varies depending on:whether the maintenance arrangement in place is legally enforceable or voluntary, andwhether the maintenance payment is made for the benefit of a spouse or for the benefit of a child. Section 1025 of the Taxes Consolidation Act (“TCA”) 1997 provides for the tax treatment of maintenance payments...

Written Answers — Department of Finance: Legislative Measures (10 Jun 2025)

Paschal Donohoe: Restrictive measures, or sanctions as they are colloquially referred to, are a tool of the EU's Common Foreign and Security Policy. Ireland implements EU sanctions, and UN sanctions are routinely also implemented via EU sanctions. EU sanctions have direct effect in all Member States of the EU, and they are legally binding on all natural and legal persons in Ireland. As such, a natural or...

Written Answers — Department of Finance: Fiscal Policy (10 Jun 2025)

Paschal Donohoe: As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” That report set out 42 recommendations to cement Ireland’s position as a leading global hub for funds and asset management. Under the 2025 Programme for Government, we have committed to progress and publish an implementation...

Written Answers — Department of Finance: Customs and Excise (10 Jun 2025)

Paschal Donohoe: I am advised by Revenue that individual crew members on aircraft arriving from outside the European Union are allowed to bring in goods (including perfumes, gifts, souvenirs, clothing) free of duty, where the combined value of these goods does not exceed €430. In addition, they are allowed to bring goods free of duty, in all the categories shown below subject to the upper limits...

Written Answers — Department of Finance: Trade Data (10 Jun 2025)

Paschal Donohoe: According to the CSO, Ireland exported €420 million worth of whiskey to the US in 2023 and exported €410 million in 2024. In volume terms, Ireland’s whiskey exports to the US amounted to over 35,000 tonnes in 2023 and 34,000 tonnes in 2024. My Department’s analysis has focused on assessing the overall macroeconomic impact of tariffs rather than the potential...

Written Answers — Department of Finance: Departmental Data (10 Jun 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: Banking Sector (10 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 394 and 411 together. The formulation and implementation of monetary policy is an independent matter for the European Central Bank (ECB). The ECB increased official interest rates over the course of 2022 and 2023 as it moved to combat excess inflation. However, since last summer it has reduced official interest rates on eight occasions, the most...

Written Answers — Department of Finance: Tax Code (10 Jun 2025)

Paschal Donohoe: The Home Tuition Grant Scheme is operated by the Department of Education and Youth. The purpose of the scheme is to provide funding towards the provision of a compensatory educational service for children who, for a number of specific reasons, are unable to attend school. It is a condition of the scheme that parents or guardians must source a qualified tutor who is registered with the...

Written Answers — Department of Finance: Tax Code (10 Jun 2025)

Paschal Donohoe: Under the Finance Act 1992, Vehicle Registration Tax (VRT) is assessed on a vehicle at the time of its registration, and the way the tax is computed depends on the category of vehicle involved. VRT on Category A vehicles (generally passenger vehicles) is assessed based on the value of the vehicle and its emissions levels for carbon dioxide (CO2) and nitrogen oxide (NOx). Currently, VRT...

Written Answers — Department of Finance: Tax Reliefs (10 Jun 2025)

Paschal Donohoe: Section 32 Finance Act 2022 inserted a new section 97B into the Taxes Consolidation Act 1997 (TCA), introducing a tax incentive for landlords of rented residential property to undertake retrofitting works while the tenant remains in situ. This section provides for a tax deduction against rental income for certain retrofitting expenses incurred by landlords on rented residential properties. ...

Written Answers — Department of Finance: Tax Yield (10 Jun 2025)

Paschal Donohoe: I am advised by Revenue that its Ready Reckoner for calculating the impact of potential changes in rates of taxation, includes estimates for the full year yield from changes in duties on packs of 20 cigarettes and on roll-your-own tobacco on page 24. The Ready Reckoner estimates assume pro-rata increases in other tobacco products. The Ready Reckoner is available at:...

Written Answers — Department of Finance: Tax Yield (10 Jun 2025)

Paschal Donohoe: Legislation for E-Liquid Products Tax (EPT) was enacted in Finance Act 2024 and is subject to commencement by Ministerial Order. Under the new law, EPT will apply to both nicotine-containing and non-nicotine-containing e-liquid products at a flat rate of €0.50 per millilitre. As the tax will be based on the volume of e-liquid, there will be no differentiation in the rate applied...

Written Answers — Department of Finance: Tax Code (10 Jun 2025)

Paschal Donohoe: It is a general principal of taxation that, in the absence of a specific exemption, income from all sources is, in general, subject to tax. Grants or payments from the State which are revenue in nature are generally liable to income tax, unless specifically exempted by tax legislation. The State provides for a wide range of grants and payments which are available to qualifying...

Written Answers — Department of Finance: Tax Reliefs (10 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 401 and 412 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 individual. ...