Results 33,041-33,060 of 33,289 for speaker:Paschal Donohoe

Estimates for Public Services 2025: Motions (25 Jun 2025)

Paschal Donohoe: I move the following Revised Estimates: Vote 7 — Office of the Minister for Finance (Revised Estimate)That a sum not exceeding €50,679,000 be granted to defray the charge which will come in course of payment during the year ending on the 31st Day of December 2025 for the salaries and expenses of the Office of the Minister for Finance, including the Paymaster General's Office,...

Estimates for Public Services 2025: Motions (25 Jun 2025)

Paschal Donohoe: I move the following Second Further Revised Estimate: Vote 24 — Justice, Home Affairs and Migration (Second Further Revised Estimate) That a sum not exceeding €2,613,120,000 be granted to defray the charge which will come in course of payment during the year ending on the 31st day of December, 2025, for the salaries and expenses of the Office of the Minister for Justice, Home...

Seanad: Finance (Local Property Tax and Other Provisions) (Amendment) Bill 2025: Second Stage (26 Jun 2025)

Paschal Donohoe: I thank the Chair. I appreciate the opportunity to present the Bill to Seanad Éireann. The local property tax has become a well-embedded and established part of our tax structure since it was introduced in 2013. It provides a stable funding base for local authorities and it has raised over €6 billion since it was introduced. The programme for Government contains a clear...

Seanad: Finance (Local Property Tax and Other Provisions) (Amendment) Bill 2025: Second Stage (26 Jun 2025)

Paschal Donohoe: I thank the Chairperson for the opportunity to respond to the different issues that have been raised there. I thank Senators Crowe, Deasy and Murphy for contributing to this discussion. I will begin with the points made by the first speaker, Senator Deasy, and the different issues he raised. I am so sorry. I meant Senator Cathal Byrne.

Seanad: Finance (Local Property Tax and Other Provisions) (Amendment) Bill 2025: Second Stage (26 Jun 2025)

Paschal Donohoe: I do not know where that came from. Although, I actually do know where it came from, so I apologise.

Seanad: Finance (Local Property Tax and Other Provisions) (Amendment) Bill 2025: Second Stage (26 Jun 2025)

Paschal Donohoe: It was a slip of the tongue nonetheless, so I apologise. I know what it is like. I was referred to as Paschal Sheehy for all my early years in here and then I eventually turned into Paschal Mooney before becoming known as Paschal Donohoe. I apologise to Senator Byrne again. The point he opened by making was on the trade-off between the need for affordability and the stability of income....

Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)

Paschal Donohoe: I want to give that context to the question, because it is important.

Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)

Paschal Donohoe: It is being monitored at the moment. From a national perspective we will assess where we are with the impact of those developments in the preparation of the budget. In a normal year we would have the opportunity to look at this when we publish the annual progress report and when we do the budget in October. They are the two most likely points at which we would still do it. The opportunity...

Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)

Paschal Donohoe: -----the Social Democrats criticise it.

Written Answers — Department of Finance: National Asset Management Agency (25 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that, as recently published in the 2024 NAMA Financial Statements, 75 employees assigned to NAMA are expected to leave via the redundancy programme for employees assigned to NAMA. Of the two other remaining employees assigned to NAMA, one will be assigned in the first instance to the NTMA Resolution Unit. The other is the current NAMA CEO, in respect of whom...

Written Answers — Department of Finance: National Asset Management Agency (25 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that NAMA acquired impaired loans with a par debt of €74 billion. In return, the banks received consideration of €32 billion, 95% of which was government-guaranteed senior debt issued to the financial institutions and therefore a contingent liability for Irish taxpayers. The table below sets out the requested information. Since its establishment in...

Written Answers — Department of Finance: Central Bank of Ireland (25 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 47 and 48 together. The Minister of Finance is not involved in operational matters of the Bank, however, having consulted with the Central Bank of Ireland my officials inform me that the Central Bank operate a specific risk based approach for prospectus supervision. Generally under the Central Bank's current risk based approach, all prospectuses for...

Written Answers — Department of Finance: Central Bank of Ireland (25 Jun 2025)

Paschal Donohoe: The Central Bank of Ireland has provided me with the following information on the matter. The Central Bank of Ireland’s Quarterly Bulletin is released under embargo by the Bank’s media relations team to members of the media in advance of publication. They do not have a set list of the recipients, as each publication that is released under embargo is reviewed in advance on a...

Written Answers — Department of Finance: Tax Data (25 Jun 2025)

Paschal Donohoe: I am advised by Revenue that the Irish VAT law is subject to the requirements of the EU VAT Directive with which Irish VAT law is obliged to comply. Under the Directive, VAT registered traders and certain other entities have a range of administrative obligations that concern the payment of VAT, VAT identification, invoicing, accounting for VAT, filing of VAT returns, and VAT recapitulative...

Written Answers — Department of Finance: Departmental Programmes (25 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 51 and 52 together. The Key Employee Engagement Programme (KEEP) was introduced by Finance Act 2017 and commenced on 1 January 2018, via section 128F of the Taxes Consolidation Act (“TCA”) 1997. The aim of the scheme is to support SMEs in Ireland in competing with larger enterprises to recruit and retain key employees, by way of a targeted...

Written Answers — Department of Finance: Credit Unions (24 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 289 and 290 together. The Programme for Government has included a commitment to draft a five-year strategy for the credit union sector. I and the Minister of State intend to co-sponsor a workplan with the credit union sector to determine its Strategic Purpose and Framework. I have instructed my officials to draft a member focussed plan that will be inclusive...

Written Answers — Department of Finance: Credit Unions (24 Jun 2025)

Paschal Donohoe: I thank the Deputy for his question. The Central Bank published Consultation Paper 159 on Proposed Changes to the Credit Union Lending Regulations (www.centralbank.ie/publication/consultation-papers/cp159-co nsultation-on-proposed-changes-to-the-credit-union-lending-r egulations) (CP159) in December 2024 which sought views on proposals for targeted changes to the credit union lending...

Written Answers — Department of Finance: Financial Services (24 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 292 and 293 together. The Credit Reporting Act 2013 (the Act) provided for the establishment of a Central Credit Register (CCR) by the Central Bank. The Act places certain obligations on Credit Information Providers (lenders who submit personal and credit information to the Central Credit Register). Under the Act, lenders are obliged to submit information...

Written Answers — Department of Finance: Tax Code (24 Jun 2025)

Paschal Donohoe: I am advised by Revenue that the current VRT rates for Category A and B electric vehicles (EVs) are 7% and 13.3% respectively. Category M motorcycles are exempt from VRT. EVs with an Open Market Selling Price (OMSP) of up to €40,000 are granted VRT relief of up to €5,000 while EVs with an OMSP of greater than €40,000 but less than €50,000 receive a reduced level of...

Written Answers — Department of Finance: Public Procurement Contracts (24 Jun 2025)

Paschal Donohoe: I can inform the deputy that my department has a dedicated procurement unit and this is headed by an Assistant Principal Officer (APO). The APO performs the role of Procurement Officer for the department, which is aligned with the Office of Government Procurements Information Note entitled ‘Procurement Officer Role’. In line with the Civil Service grade structure, the APO...