Results 1-20 of 32,527 for speaker:Paschal Donohoe

Ceisteanna ó Cheannairí - Leaders' Questions (8 May 2025)

Paschal Donohoe: Too busy standing up to journalists.

Written Answers — Department of Finance: Departmental Data (8 May 2025)

Paschal Donohoe: This Parliamentary Question has been transferred by the Minister of Enterprise, Trade and Employment as it relates to tax matters. Capital Acquisition Tax (CAT) heritage-based exemptions that the Deputy is referring to include, as part of their eligibility conditions, a requirement that “reasonable facilities for viewing” are provided in respect of the heritage object, or...

Written Answers — Department of Finance: Insurance Industry (8 May 2025)

Paschal Donohoe: As the Deputy will be aware, neither I as Minister for Finance nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive). However, I am aware that the cost of...

Written Answers — Department of Finance: Tax Data (8 May 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: Information and Communications Technology (8 May 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department has not undertaken or commissioned IT projects in excess €1 million in the timeframe specified. The Central Bank of Ireland was unable to provide the requested information in the timeline available. A follow up response will be provided in line with standing orders. The remaining bodies under the aegis of the Department have advised as...

Written Answers — Department of Finance: Departmental Schemes (8 May 2025)

Paschal Donohoe: 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. However, this is very much a matter for Government as...

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

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides repayment or remission of Vehicle Registration Tax (VRT) and Value Added Tax (VAT), up to certain limits, on the purchase or adaption of a vehicle for the transport of a person with specific severe and permanent physical disabilities is currently under review. The maximum allowable limits of VRT and VAT relief under the Scheme are...

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

Paschal Donohoe: I note the Deputy’s query regarding the expiration of tax measures in 2025 and 2026. My Department hold and maintain a master list of all tax expenditures. This master list is reported on in the annual Tax Expenditures in Ireland Report, (the latest Report is available here: ). The master list is published in Annex 1 of this report. It may also be of interest to the Deputy that on 1...

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

Paschal Donohoe: As the Deputy is aware Section 114 of the Taxes Consolidation Act (“TCA”) 1997 provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. I am informed by Revenue that the flat rate expense (“FRE”) regime is operated by Revenue on an administrative...

Written Answers — Department of Finance: Financial Services (8 May 2025)

Paschal Donohoe: The Central Bank of Ireland, as Regulator, collects the data, and has provided the Department with the following information: Out of the total population of dormant funds authorised by the Central Bank of Ireland which have not applied for revocation, a total of 32 funds have non-zero assets under management (AUM) totalling €102m. This accounts for less than 0.01% of total AUM of...

Written Answers — Department of Finance: Tax Exemptions (8 May 2025)

Paschal Donohoe: The Capital Acquisition Tax (CAT) heritage-based exemptions that the Deputy is referring requires as part of eligibility conditions, that “reasonable facilities for viewing” are provided in respect of the heritage object, or heritage house or garden, as the case may be. In relation to the Deputy’s question as to the total number of times a Capital Acquisitions Tax...

Written Answers — Department of Finance: Tax Collection (8 May 2025)

Paschal Donohoe: I am advised by Revenue that, as its payroll records do not contain data in relation to minimum wage earners in terms of hours worked or the hourly wage, it has no data from which to provide an estimate as requested by the Deputy.

Written Answers — Department of Finance: Legislative Measures (8 May 2025)

Paschal Donohoe: Drafting is at an advanced stage of development in respect of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill 2024 (“the Bill”), which when enacted, will facilitate the orderly conclusion of the Special Liquidation of the IBRC, and the dissolution of NAMA by the end of 2025 in accordance with NAMA’s 2021 Strategic Plan. The Bill will also provide...

Written Answers — Department of Finance: Tax Collection (8 May 2025)

Paschal Donohoe: Ireland’s excise duty treatment of aviation fuel is governed by European Union law as set out in Directive 2003/96/EC on the taxation of energy products and electricity, commonly known as the Energy Tax Directive (ETD). Under national law liquid fuels are subject to excise duty in the form of Mineral Oil Tax (MOT). I am advised by Revenue that current and historical MOT rates...

Written Answers — Department of Finance: Departmental Policies (8 May 2025)

Paschal Donohoe: I take it that the Deputy is referring to the issue of motor finance as previously addressed in the Parliamentary Question of 5 February 2025. As the Deputy is aware, the Central Bank of Ireland instructed regulated firms who were applying discretionary commission arrangements to motor finance hire purchase arrangements to cease that practice from 31 July 2024. The Central Bank advises...

Written Answers — Department of Finance: Tax Yield (8 May 2025)

Paschal Donohoe: I am advised by Revenue that the table below sets out the estimated yield from the introduction of a second home charge of €400, €1000 and €2,000 respectively on properties liable to Local Property Tax, excluding the first property for each liable person and excluding all other properties owned by Local Authorities and Approved Housing Bodies. Revenue does not hold...

Written Answers — Department of Finance: Tax Collection (8 May 2025)

Paschal Donohoe: I am advised by Revenue that their micro-simulation modelling tool, Tax Modeller, is built to model scenarios on a taxpayer unit basis (i.e. including jointly assessed couples as one taxpayer unit). As such, it does not generate any outputs on an individualised basis and is therefore not possible to estimate changes to tax credit on an individual basis for a projected tax year, e.g. the tax...

Written Answers — Department of Finance: Tax Reliefs (8 May 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.” The Programme for Government also acknowledges that “sport holds a special place in Irish life and society...

Written Answers — Department of Finance: Tax Yield (8 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 298, 299 and 300 together. In relation to Question No 298 (Ref: 23147/25), I am advised by Revenue that the number of category A vehicles and revenue raised from the applied Nitrogen Oxide (NOx) emissions levy in 2023, 2024 and to the 31st of March 2025 is provided in the table below. Year Number of Registrations (NOx levy applied) ...

Written Answers — Department of Finance: Public Sector Pay (8 May 2025)

Paschal Donohoe: The Department of Finance currently has 88 people earning more than €100,000 per year. The breakdown is as follows: Salary Band€ Number of employees earning over €100,000 per year 100,001 - 125,000 59 125,001 - 150,000 21 150,001 - 175,000 3 175,001 -...