Results 32,881-32,900 of 33,289 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Staff (10 Jun 2025)

Paschal Donohoe: I am advised by Revenue that is operates an integrated tax and customs administration and the costs of administering a single tax cannot be quantified. I am further advised that VHT is administered in the same operational branch as Local Property Tax (LPT) and all staff operating in that branch are equipped to deal with both LPT and VHT. The work of the branch includes supporting...

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

Paschal Donohoe: I propose to take Questions Nos. 403, 404 and 405 together. The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law is obliged to comply. The Directive requires each Member State to maintain a standard rate of VAT, and permits a Member State to apply up to two reduced rates of VAT. On this basis, Ireland applies a standard rate of 23%, and two reduced rates...

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: National Treasury Management Agency (10 Jun 2025)

Paschal Donohoe: As supplied by the NTMA please see attached the listing of ISIF’s Irish Portfolio commitments since inception by investment theme as at 2023 year-end (in line with the NTMA's most recently published annual report). There are a large number of holdings within the ISIF Global Portfolio which are detailed in the 2023 NTMA Annual Report (Pages 232 to 241). The 2023 NTMA Annual Report...

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

Paschal Donohoe: As the Deputy will be aware the current legislation underpinning carbon tax policy is Finance Act 2020, which sets out a multi annual trajectory of increases to 2030. As per the trajectory, increases of €7.50 per tonne of Carbon Dioxide emitted will apply to all affected fuels until 2029 with a final increment of €6.50 bringing the rate to €100 per tonne of carbon...

Written Answers — Department of Finance: Primary Medical Certificates (10 Jun 2025)

Paschal Donohoe: As the Deputy is aware, at an appeal hearing the Disabled Drivers Medical Board of Appeal (DDMBA) reviews the decision by a HSE Primary Medical Officer and determines if an appellant does, or does not meet, one of the six medical criteria. Only if an appellant meets one of the six eligibility criteria will the Board issue a Board Medical Certificate. I have no role in relation to the...

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

Paschal Donohoe: I am advised by Revenue that 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 EU VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within certain listed categories to which Member States may apply a lower rate. Sunscreens and...

Written Answers — Department of Finance: Departmental Properties (10 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department has not purchased the property referenced. My department is provided with accommodation by the OPW and does not own or purchase any properties.

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

Paschal Donohoe: The Vacant Homes Tax (VHT) as announced in Budget 2023, aims to increase the supply of homes for rent or purchase to meet demand. Legislative provision for the tax was made in the Finance Act 2022 and states that a residential property will be within the scope of VHT, if it has been occupied as a dwelling for less than 30 days in a chargeable period. VHT operates on a self-assessment...

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

Paschal Donohoe: The Residential Zoned Land Tax (RZLT) is a new tax introduced in Finance Act 2021 which seeks to increase housing supply by encouraging the activation of development on lands which are suitably zoned and appropriately serviced. It aims to bring those lands which have benefitted from investment in services and are capable of being developed forward for housing, rather than to raise revenue. ...

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

Paschal Donohoe: I propose to take Questions Nos. 417 and 418 together. The Programme for Government, “Securing Ireland’s Future”, states that Government will “[i]mplement progressive changes in taxation if the economy remains strong, including indexing credits and bands to prevent an increase in the real burden of income tax.” In the Annual Progress Report published at...

Written Answers — Department of Finance: Local Authorities (11 Jun 2025)

Paschal Donohoe: Budget 2025 included more than €6 billion in capital spending for housing, including direct Exchequer spending, investment by the Land Development Agency and borrowing by the Housing Finance Agency. This level of public spending supports the State’s involvement in every aspect of housing — land purchase, construction, purchasing and funding through a number of channels...

Written Answers — Department of Finance: Tax Reliefs (11 Jun 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act (“TCA”) 1997 provides for tax relief where an individual proves that he or she has 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”,...

Written Answers — Department of Finance: Departmental Data (11 Jun 2025)

Paschal Donohoe: The contact details for my Department are: Email address Phone Number minister@finance.gov.ie 01-6767571 mos@finance.gov.ie 01-6767571 The Credit Union Advisory Committee is an advisory committee set up to advise the Minister for Finance in relation to credit union matters. It meets on a monthly basis in my...

Written Answers — Department of Finance: Departmental Contracts (11 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that for the timeline specified, neither my Department nor the bodies under its aegis have had capital projects for IT services which had contracts valued in excess of €1 million that failed to reach completion.

Written Answers — Department of Finance: Departmental Contracts (11 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that neither my Department nor the bodies under its aegis have had capital projects which had contracts in excess of €5 million which ran over cost in 2023.

Written Answers — Department of Finance: Exchequer Deficit (11 Jun 2025)

Paschal Donohoe: The NTMA have informed me that the annual net interest paid on Ireland’s National Debt for each of the years 2000 to 2024 is as included in the table below: €m National Debt Interest 2024 2,991 2023 3,168 2022 3,701 2021 3,594 2020 4,515 ...

Written Answers — Department of Finance: State Pensions (11 Jun 2025)

Paschal Donohoe: I am advised by Revenue that due to the way in which pensions payments from the Department of Social Welfare are declared by taxpayers on a Form 11 tax return it is not possible to separately identify taxpayers where their sole income is the State pension, or to explicitly identify those with this source of income. Revenue advise that, on a Form 11 tax return, taxpayers are asked to...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: I am advised by Revenue that the table below sets out the estimated first and full year costs to the Exchequer, in 2025, of each proposal outlined by the Deputy. Proposal First Year €m Full Year €m Removing the USC on all income up to €30,000 945 1,085 Removing the USC on all income up to...