Results 201-220 of 34,380 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: Of course. It deals with the point that the Deputy has just made about the kinds of expenses to which this provision will apply. Section 5 amends section 204B of the Taxes Consolidation Act to provide for an exemption from income tax for compensation payments made to an eligible living donor of a kidney or lobe of a liver. This amendment updates the reference to the relevant legislation to...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: Yes, that is correct. There are a number of conditions that are laid down by the Department of Health with regard to the operation of the scheme and if it meets those conditions, the Deputy is correct. The intention of it overall is to minimise the financial disincentives for potential living donors. It is on foot of a scheme that was put on statutory footing with the introduction of the...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: I think it refers to the replacement of section 204B of the taxes Act. Actually, hold on. This refers to the updating of the 2024 Act that, in turn, refers to a statutory instrument, so it is the other way round.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: That is correct.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: This is just a consequence of the way the Department of Health has handled the matter.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: I can certainly get some information for the Deputy on it if he wishes to find out why that is being made.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: No, what we are doing is removing the older section of the old regulation with a new Act.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: No. To be specific, what we are doing is substituting the reference to Regulation 21(2) of the 2012 regulations with subsections (3) and (4) of section 12 of the 2024 Act. Is that okay? Does that make sense?

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: What was the last question?

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: That is correct. I have the Act in front of me here. What we are saying is "Section 204B of the Principal Act is amended by the substitution of 'subsections (3) and (4) of section 12 of the...Act [of] 2024'".

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: I think both of us are saying the same thing.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: I will just speak to the section itself. This section makes a number of amendments to section 847A of the Taxes Consolidation Act. It provides for a scheme of tax relief for donations to approved sports bodies for funding certain approved capital projects. Both PAYE and self-assessed income tax donors can elect for the tax benefit to apply to either the body or themselves. They can make...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: It is all about making sure that it is irrevocable and they cannot change their mind after a decision is made.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: In dealing with the various points made, I will begin with Deputy Nash's because it is most on my mind at the moment. Section 10 can apply only to donations made to national governing bodies. Under section 8, which refers to section 847A, donations can be made to a wider variety of sports organisations. On the general point made, the Deputies have already acknowledged the breadth of...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: Sure. I will be very happy to ask the Revenue Commissioners for that and to provide it to the committee.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: The Revenue Commissioners did not believe we had enough data regarding the implementation of existing tax policy and requested these changes so that information and data could be supplied to it. This will commence for the year of assessment 2026. The data will allow us to better understand the implementation of policy in this area.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: Share-based remuneration refers to compensation provided to employees in the form of company shares or stock options. It is often used to incentivise and retain workers. The Deputy has proposed a report on the impact of PRSI exemption for share-based remuneration for large corporations on the sustainability of the SIF. As Deputies will know, employer PRSI generally does not apply to...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: I accept that, in this and as is the case with many matters, we have a different view. Where we do have some common ground is our belief that €310 million is an awful lot of money. I believe that €310 million is used in a way that is effective within our economy and delivers against economic goals. Overall, though, it is an area that needs further discussion and evaluation....

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: The professional services withholding tax is a deduction at the standard rate of income tax of 20% from relevant payments made by accountable persons to specified persons in respect of certain professional services. Accountable persons include Departments, commercial and non-commercial State agencies and bodies, local authorities, the HSE and authorised medical insurers. The tax only...