Results 32,961-32,980 of 33,289 for speaker:Paschal Donohoe

Finance (Local Property Tax and Other Provisions) (Amendment) Bill 2025: Financial Resolution (18 Jun 2025)

Paschal Donohoe: I move: “That— (a) section 13 of the Finance (Local Property Tax) Act 2012 (No. 52 of 2012), which provides for the valuation date in respect of local property tax, section 17 of that Act, which provides for the amount of local property tax to be charged, and section 20 of that Act, which provides for the power of elected members of local authorities to vary basic rates of...

Written Answers — Department of Finance: Tax Avoidance (18 Jun 2025)

Paschal Donohoe: Chapter 1 of Part 2 of Finance Act 2024 legislates for the introduction of E-liquid Products Tax (EPT). Under the new law, EPT will apply to both nicotine-containing and non-nicotine-containing e-liquid products. Essentially e-liquids are liquids used in e-cigarettes including refill cartridges for refillable devices. The tax is subject to commencement by Ministerial Order and arrangements...

Written Answers — Department of Finance: Revenue Commissioners (18 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 47 and 48 together. I am advised by Revenue it is precluded from commenting on interactions with specific individuals, businesses or entities because of its obligations under section 851A of the Taxes Consolidation Act 1997 (TCA), to maintain the confidentiality of taxpayer information. I am further advised by Revenue that section 787R(2) TCA provides...

Written Answers — Department of Finance: Recycling Policy (18 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that in Q1 2025, the NAMA Board increased its overall surplus projection to €5.5 billion from €5.2 billion, an increase of €300 million. This includes a projection of €450m in tax paid by NAMA to the Exchequer. By end 2024, €4.69 billion from NAMA’s surplus had been transferred to the State, inclusive of tax payments...

Written Answers — Department of Finance: Middle East (18 Jun 2025)

Paschal Donohoe: In responding I am taking it that the Deputy is referring to the Ireland Strategic Investment Fund (ISIF), the Future Ireland Fund and the Infrastructure Climate and Nature Fund. Ireland’s position on the illegality of Israeli settlements in the occupied Palestinian territory informs our engagement with the State of Israel across a range of bilateral issues. The Government is...

Written Answers — Department of Finance: Middle East (18 Jun 2025)

Paschal Donohoe: The Ireland Strategic Investment Fund (ISIF) holds a variety of Sovereign Bonds and details of all ISIF’s holdings as at 31 December 2023 are available in the most recent NTMA Annual Report. ISIF’s holdings are classified by country (in line with industry standard) as per the Annual Report. ISIF’s holdings of Israeli sovereign debt as per the 2023 Annual Report...

Written Answers — Department of Finance: Tax Code (19 Jun 2025)

Paschal Donohoe: It is not appropriate for the Minister for Finance to comment on the tax affairs of individual businesses. The monitoring of compliance with tax obligations is a matter for Revenue, and extensive powers have been granted in legislation to facilitate this process. Further information in this regard can be found on the Revenue website, including in the Revenue Code of Practice for...

Written Answers — Department of Finance: Fiscal Policy (19 Jun 2025)

Paschal Donohoe: I note the Deputy’s query on employee ownership trusts in Ireland. It will be of interest to the Deputy that last year an independent review of share-based remuneration, carried out by Indecon International Consultants on behalf of my Department, was published. The review is available on the Department website at: www.gov.ie/pdf/?file=. This review made a number of recommendations,...

Written Answers — Department of Finance: Tax Data (19 Jun 2025)

Paschal Donohoe: Minimum unit alcohol pricing was introduced by the Department of Health as a public health measure designed to influence retail pricing strategies. As minimum unit alcohol pricing applies exclusively at the final stage of the supply chain (i.e. retail), any additional revenue realised by alcohol companies as a result of this policy is not captured in the data provided to Revenue. Alcohol...

Written Answers — Department of Finance: Tax Code (19 Jun 2025)

Paschal Donohoe: In November 2022 the Court of Justice of the European Union ruled, in Joined Cases C-37/20 and C-601/20, that a provision of the EU AML Directive 2015/849 which was amended by the EU AML Directive 2018/843 under which information on the beneficial ownership of corporate and other legal entities, held in central registers, must be provided to the general public, is invalid. Specifically, the...

Written Answers — Department of Finance: Tax Code (19 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. An increase in the supply of new housing remains a central and priority aim of Government policy. For this reason, HTB is specifically designed to encourage an increase in demand for new build homes in order to support the construction of an...

Written Answers — Department of Finance: Tax Code (19 Jun 2025)

Paschal Donohoe: The Home Tuition Grant Scheme is operated by the Department of Education and Youth and the conditions of the scheme have been set by the Department, including the setting of teaching hours to be covered by the grant scheme, as well as that parents or guardians must source a qualified tutor who is registered with the Teaching Council of Ireland for the duration of the approved tuition. ...

Written Answers — Department of Finance: Illicit Trade (19 Jun 2025)

Paschal Donohoe: In relation to drug smuggling, I am advised that Revenue has primary responsibility for the prevention, detection, interception, and seizure of controlled drugs intended to be smuggled or illegally imported into, or exported from, the State. Revenue’s drugs interdiction strategy supports the Government’s strategic approach to the misuse of drugs under the National Drugs Strategy...

Written Answers — Department of Finance: Illicit Trade (19 Jun 2025)

Paschal Donohoe: I am advised by Revenue that it currently has two Customs cutters (patrol vessels) in service – RCC Suirbhéir and RCC Faire. Following a procurement process, a contract for the delivery of a new Revenue Customs cutter was signed with AuxNaval in August 2023 and a new cutter is expected to come into service later in 2025. This cutter will replace RCC Suirbhéir, which has...

Written Answers — Department of Finance: Tax Code (19 Jun 2025)

Paschal Donohoe: I am advised by Revenue that VAT is subject to the requirements of the EU VAT Directive with which Irish VAT law is obliged to comply. Irish VAT legislation, in compliance with EU VAT law provides that taxable persons who are receiving services from outside the State, in the course of their business, are accountable and liable to pay VAT on?the reverse charge basis. This provision applies to...

Written Answers — Department of Finance: Fiscal Policy (19 Jun 2025)

Paschal Donohoe: Revenue is a fully integrated tax and customs administration, with approximately 2,000 of its staff engaged in activities that are focused on targeting and confronting non-compliance. For effective operational management, Revenue allocate resources to different aspects of enforcement and compliance work and these resources are adjusted and realigned in response to changes in the level of risk...

Written Answers — Department of Finance: Tax Credits (19 Jun 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.” Officials in my Department will consider the matter over the coming weeks with the expectation that an update of the...

Written Answers — Department of Finance: Fiscal Policy (19 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 240 and 242 together. The Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 (the 2015 Act) and the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018 (the 2018 Act) applies to the activity of credit servicing in relation to relevant credit agreements. The Consumer Protection (Regulation of Retail Credit and Credit...

Written Answers — Department of Finance: Tax Code (19 Jun 2025)

Paschal Donohoe: 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 of a new subsection (5A) in section 110, relate to the taxation of profits derived from the business of qualifying companies that involves the holding, managing or both the holding...

Written Answers — Department of Finance: Tax Code (19 Jun 2025)

Paschal Donohoe: Section 126 of the Taxes Consolidation Act 1997 provides for the taxation of certain payments from the Department of Social Protection (DSP). Such payments are liable to Income Tax, although they are not subject to the Universal Social Charge (USC) or Pay Related Social Insurance (PRSI). This taxation treatment applies to long-term DSP payments, such as the State Pension, shorter-term...