Results 33,201-33,220 of 33,289 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Rebates (8 Jul 2025)

Paschal Donohoe: As the Deputy will be aware the farmers-flat rate scheme (FFR) is designed to reduce the administrative burden on farmers and allows them to remain outside the normal VAT system, thereby avoiding the obligations of registration and returns. It allows farmers to remain unregistered for VAT purposes and to be compensated, on an overall basis, for the VAT charged to them on their purchases of...

Written Answers — Department of Finance: Banking Sector (8 Jul 2025)

Paschal Donohoe: As the Bank for International Settlements (BIS) serves central banks rather than the Department of Finance, the Central Bank of Ireland has provided me with the following information in relation to engagement with the BIS. The BIS is a forum for discussion and cooperation among central banks and other financial authorities in the pursuit of monetary and financial stability. The BIS hold...

Written Answers — Department of Finance: Tax Data (8 Jul 2025)

Paschal Donohoe: "Windfall tax receipts" refers to the estimated corporation tax receipts that are not linked to the domestic economy and could, as a result, be transient. All corporation tax receipts, as with all other Exchequer taxes, are paid into the Central Fund. Central Fund revenue is not hypothecated to particular forms of expenditure and, as such, it is not possible to link estimates of windfall...

Written Answers — Department of Finance: Tax Code (8 Jul 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 Data (8 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 335 to 337, inclusive, together. It was not possible for Revenue to provide my Department with the information sought in the time available. I will, however, make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Tax Reliefs (8 Jul 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 the...

Written Answers — Department of Finance: Tax Reliefs (8 Jul 2025)

Paschal Donohoe: I have interpreted the Deputy's question as referring to the Taxsaver scheme, which, as the Deputy may be aware, is provided for in section 118(5A) of the Taxes Consolidation Act 1997 (TCA). The scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a travel pass for one of their employees or directors, subject to certain conditionality.Under section 118B TCA, an...

Written Answers — Department of Finance: Childcare Services (10 Jul 2025)

Paschal Donohoe: The Government acknowledges the continuing cost pressures on parents, particularly those with young children. In recognition of these cost pressures, a number of support measures are in place to ease the burden on working parents. These include various tax-exempted child-care related supports provided by the Minister for Children, Equality, Disability, Integration and Youth and measures such...

Written Answers — Department of Finance: Tax Code (10 Jul 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: Departmental Expenditure (10 Jul 2025)

Paschal Donohoe: I wish to inform the Deputy that details of legal studies programmes undertaken by my staff are in the attached document. The document includes information on the year, the course title, the course provider, the course fees, grade of employee supported, nature of programme delivery and number of assigned study days, if applicable.

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

Paschal Donohoe: Section 118(5A) of the Taxes Consolidation Act 1997 (TCA) provides an exemption from benefit-in-kind (BIK), subject to certain conditionality, where an employer purchases a travel pass for one of their employees or directors. This is commonly known as the TaxSaver scheme. Under section 118B TCA, an employer and employee may also enter into a Revenue-approved salary sacrifice arrangement...

Written Answers — Department of Finance: Artificial Intelligence (10 Jul 2025)

Paschal Donohoe: I wish to advise the Deputy that my department follows the Guidelines for the Responsible Use of Artificial Intelligence in the Public Service, published in May 2025. In doing so, my department recognises the opportunities AI presents to help improve the delivery of public services to our citizens. I can also confirm that my department has undertaken minor testing of an AI powered...

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

Paschal Donohoe: Under the EU VAT Directive, with which Irish VAT legislation must comply, it is not possible to apply a VAT zero rate to the construction materials or to the construction of new buildings. The UK had a historical derogation to allow for a zero rate to apply to specific building projects (e.g. new builds meeting specific criteria such as being designed as a dwelling and which will only be used...

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

Paschal Donohoe: The Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025 provides for a number of changes to the structure of Local Property Tax (LPT) in advance of the revaluation of properties which will take place on 1 November 2025. Data from the Central Statistics Office show that property prices increased by 24 per cent nationally between November 2021 and April 2025. If no...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: National Treasury Management Agency (15 Jul 2025)

Paschal Donohoe: The Ireland Strategic Investment Fund is a €16.6 billion fund comprising the discretionary portfolio of €8.9 billion and the directed portfolio of €7.7 billion, based on the 2024 annual report. It has a double bottom line mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland. ISIF has complete independence in...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: National Treasury Management Agency (15 Jul 2025)

Paschal Donohoe: The key point to emphasise is that ISIF made the decision to divest of these bonds. It no longer holds them. I understand this decision was made over the last number of weeks.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: National Treasury Management Agency (15 Jul 2025)

Paschal Donohoe: I will make three points on this. First, ISIF no longer holds these bonds. It divested of them. Second, as the Deputy well knows, ISIF independently decides what shares it is going to hold and what investments it is going to make. It does so in a way that is completely independent of me. Third, I thoroughly refute any suggestion of complicity in the appalling violence being inflicted on...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: National Treasury Management Agency (15 Jul 2025)

Paschal Donohoe: -----as the Government already has on many different occasions. I emphasise that these bonds are no longer held by ISIF and were sold.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Collection (15 Jul 2025)

Paschal Donohoe: I thank the Deputy. He is making reference to a G7 statement published on 28 June, adopting a common position on a path forward for the OECD agreement. In that statement, the G7 proposed the side-by-side application of the OECD pillar two system, and the US minimum tax rules, which are now under consideration by the OECD inclusive framework. Since January, the US Administration has set out...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Collection (15 Jul 2025)

Paschal Donohoe: The short answer to the Deputy’s question is that this agreement does have consequences for the OECD agreement overall. There are three in particular. The first is what this means for competitiveness of economies and countries that remain fully inside pillar two. The second is how other economies and important stakeholders in the OECD agreement will respond, given the actions that...