Results 221-240 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Fiscal Policy (3 Apr 2025)

Paschal Donohoe: As I have said on many occasions - we regret the imposition of tariffs on any sectors. Tariffs create economic disruption and drive inflation, with negative consequences for all sectors involved. The Government has taken careful note of President Trump’s decisions and proposals with regards tariffs announced yesterday. The trading relationship with the United States is...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Section 285D of the Taxes Consolidation Act 1997 provides for a scheme of accelerated capital allowances for capital expenditure incurred on qualifying farm safety equipment, and adaptive equipment for farmers with disabilities. The aim of the accelerated capital allowance scheme is to incentivise the purchase of farm safety equipment, and the replacement of equipment that may be old or...

Written Answers — Department of Finance: Tax Credits (3 Apr 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: Interest Rates (3 Apr 2025)

Paschal Donohoe: The Central Bank has put in place a range of measures in order to protect consumers who have or who are taking out a mortgage. This consumer protection framework, which applies in the same way to all regulated mortgage entities such as banks, retail credit firms and credit servicing firms, seeks to ensure that lenders are transparent and fair in all their dealings with borrowers and that...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Budget 2010 announced the introduction of a carbon tax on fossil fuels in Ireland. Carbon taxation of petrol and auto-diesel came into effect in December 2009. It was extended to other liquid fuels and natural gas in 2010, and to solid fuels in 2013. Ireland’s carbon tax regime is a carbon pricing mechanism which directly links the taxation of fossil fuels to carbon dioxide emissions:...

Written Answers — Department of Finance: Tax Reliefs (3 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 27 and 56 together. I note that the questions refer to childcare services and I have assumed that the queries are in relation to the accelerated capital allowances scheme, which is available for childcare and fitness centre equipment, and for buildings used for the purposes of providing childcare services or fitness centres, to employees. In general,...

Written Answers — Department of Finance: Banking Sector (3 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 28 and 75 together. The Finance (Provision of Access to Cash Infrastructure) Bill 2024, published in July 2024, provides for sufficient and effective access to cash. The Bill completed Second Stage in Dáil Éireann on 26 September 2024 and was scheduled for Third and remaining stages in Dáil Éireann on 02 April 2025. The Bill provides for...

Written Answers — Department of Finance: Credit Unions (3 Apr 2025)

Paschal Donohoe: My officials, together with credit union stakeholders worked collaboratively to deliver the Credit Union (Amendment) Act 2023 (2023 Act). The 2023 Act represents a very significant piece of legislation that will have far-reaching positive implications for the credit union sector in the years to come. One of the key deliverables in the 2023 Act is ensuring all credit union members have...

Written Answers — Department of Finance: Financial Services (3 Apr 2025)

Paschal Donohoe: The Financial Services and Pensions Ombudsman (FSPO) provides an independent, fair, impartial, confidential and free service to resolve complaints from consumers, including small businesses and other organisations, against financial service providers and pension providers. The FSPO was established in January 2018 by the Financial Services and Pensions Ombudsman Act 2017, and the Ombudsman...

Written Answers — Department of Finance: Fiscal Policy (3 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 31, 51 and 86 together. It is important to stress at the outset - we regret the imposition of any tariffs. The Government's view is that they create economic disruption and drive inflation, hurting all sides. Nonetheless, the reality is that we have entered into a period of significant disruption to trade due to tariffs that will, unfortunately, now...

Written Answers — Department of Finance: Fiscal Policy (3 Apr 2025)

Paschal Donohoe: I would like to re-assure the Deputy that I have been in close and frequent contact with the Tánaiste and Minister for Foreign Affairs and Trade. This engagement has included ongoing discussions both at Cabinet level and at the Trade Forum on inter alia how we can assess the likely impacts of tariffs on Irish exports. Cross-government engagement will be key to bringing together the...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is the tax that applies to gifts and inheritances in Ireland. CAT is payable by the beneficiary of a gift or inheritance. The date of a gift is normally the date it is received. The date of an inheritance is usually the date of death of the person leaving the inheritance. These dates determine the CAT rates and the Group thresholds that apply. However, the...

Written Answers — Department of Finance: Credit Unions (3 Apr 2025)

Paschal Donohoe: The main function of the Credit Union Advisory Committee (CUAC) is to advise me, as Minister for Finance, and such other persons as I deem appropriate in relation to: the improvement of the management of credit unions the protection of the interests of members and creditors of credit unions; and other matters relating to credit unions upon which I, the Central Bank or such other persons,...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a beneficiary-orientated tax that is payable by the recipient of a gift or inheritance as opposed to the person providing that gift or inheritance. 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...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both gifts and inheritances. 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 not arise. While the thresholds were reduced during...

Written Answers — Department of Finance: Interest Rates (3 Apr 2025)

Paschal Donohoe: The formulation and implementation of monetary policy is an independent matter for the European Central Bank (ECB). The ECB increased official interest rates over the course of 2022 and 2023 as it moved to combat excess inflation. However, since last summer it has now reduced official interest rates on six occasions, most recently with effect from 12 March. These recent monetary policy...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: As clarified by the Deputy, the question relates to the Vacant Homes Tax. The Vacant Homes Tax (VHT) was announced in Budget 2023 and legislated for in Finance Act 2022. The main objective of this tax is to increase the supply of residential properties to bring those properties back into use. A residential property will be within the scope of the tax if it has been occupied as a dwelling for...

Written Answers — Department of Finance: Credit Unions (3 Apr 2025)

Paschal Donohoe: The legislative and regulatory framework for the credit union sector is provided for by the Credit Union Act 1997, the Credit Union and Co-operation with Overseas Regulators Act 2012, and the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016. This framework outlines requirements for credit unions across a range of areas, including items such as governance, capital,...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances that is payable by the beneficiary of the gift or inheritance on the value of the property received. The relationship between the person giving a gift or inheritance and the beneficiary determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. Any prior gift or inheritance...

Written Answers — Department of Finance: An Ghaeltacht (3 Apr 2025)

Paschal Donohoe: Baineann cúrsaí maidir le forbairt agus cur chun cinn na Gaeilge le mo chomhghleacaithe an tAire Forbartha Pobail agus Tuaithe agus Gaeltachta Dara Calleary TD agus Jerry Buttimer TD (an tAire Stáit ag an Roinn Forbartha Tuaithe agus Pobail le freagracht ar leith as Forbairt Pobail, Carthanas, Gaeltachtaí agus Oileán). Is é ceann de phríomhróil...