Results 241-260 of 32,527 for speaker:Paschal Donohoe

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

Paschal Donohoe: As the Deputy is aware the current thresholds for the income tax age exemption are €18,000 per annum where an individual is aged 65 years or over, and €36,000 per annum for married couples and civil partners, jointly assessed to tax, where either individual is aged 65 or over. The relevant income thresholds may be increased further if the individual has a qualifying child....

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

Paschal Donohoe: Officials in my Department have regular engagement with the board and management of the banks in which the State has a shareholding. Meetings with the management of the banks take place monthly, and the topics discussed at these meetings include but are not limited to profitability levels and the supporting commercial activities undertaken by the bank. As the Deputy is aware, 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 the...

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

Paschal Donohoe: I propose to take Questions Nos. 45 and 59 together. In recognition of the needs of SMEs in the hospitality sector, the Programme for Government does commit to bring forward measures to support SMEs, in particular in the retail and hospitality sectors. It acknowledges the increased cost pressures on these sectors and states that this will entail changes to VAT, PRSI and other measures. ...

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

Paschal Donohoe: As part of Budget 2025 in October last it was announced that the disposal of part of the State’s shareholding in AIB had presented the Government with an opportunity to allocate €3 billion of additional funding towards capital spending on housing, water and the electricity grid over the coming years. €1 billion has been provided to Uisce Éireann for capital...

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...

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...

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

Paschal Donohoe: Betting Duty is chargeable on all bets placed by a person with a licensed bookmaker at a bookmaker’s registered premises, irrespective of the means by which a bet is placed. Licensed Remote Betting Intermediaries are liable for Betting Intermediary Duty, on commission charged by them to persons in the State. The rate of duty depends on the type of betting activity and how the bet...

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

Paschal Donohoe: The Government, as indicated in the Programme for Government document launched in January 2025, has committed to examine the tax treatment of production costs for theatre productions. The Deputy will be aware that the Programme for Government is a five-year plan and as such, officials of my Department have not commenced work on the commitment at this early stage. Once officials...

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

Paschal Donohoe: Modified Domestic Demand contracted in the fourth quarter of 2024 driven largely by a fall in modified investment. However, given the volatile nature of modified investment, the quarterly estimates alone are not indicative of underlying trends in the domestic economy. For the year as a whole, the domestic economy grew at a solid pace last year, with Modified Domestic Demand increasing by 2.7...

Written Answers — Department of Finance: State Assets (3 Apr 2025)

Paschal Donohoe: The Fossil Fuel Divestment Act 2018 (the “Act”) has been in place since December 2018. The Act prohibits the NTMA (as controller and manager of ISIF), inter alia, from directly investing in any undertaking that generates 20% or more of its turnover from the exploration for or extraction or refinement of a fossil fuel (coal, oil, natural gas, peat or any derivative thereof...

Written Answers — Department of Finance: Tax Strategy Group (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: 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...

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

Paschal Donohoe: I propose to take Questions Nos. 58 and 70 together. To better understand the potential impact of tariffs on the Irish economy, my Department and the ESRI recently published an analytical paper where several tariff scenarios were modelled. Each of the scenarios detailed below is based on the assumption that any tariffs imposed are maintained permanently. In a scenario where the US...

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

Paschal Donohoe: ‘Foundations for the Future’, the Report of the Commission on Taxation and Welfare, was published in September 2022. The report is wide-ranging and contains 116 recommendations relating to the future of Ireland’s taxation and welfare systems. In its terms of reference the Commission was asked to independently consider how best the taxation and welfare systems can...

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

Paschal Donohoe: As the Deputy is aware, Government policy has always been that the banks, in which the State took a stake during the financial crisis, should be returned to private ownership. This is a long-standing policy, and significant progress has been made to achieve this goal. The State fully exited its ownership of Bank of Ireland in 2022 and has since reduced its shareholdings in AIB and PTSB to...

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

Paschal Donohoe: I wish to assure the Deputy that the Government is fully committed in the new Programme For Government - Securing Ireland’s Future to further action to drive down insurance costs impacting households, motorists and businesses. A new Action Plan for Insurance Reform is in development which will focus on encouraging further competition in the market and working with stakeholders to...

Written Answers — Department of Finance: Budget Process (3 Apr 2025)

Paschal Donohoe: Government has not made any decision regarding the parameters for Budget 2026. Decisions on fiscal policy will be considered through the normal budgetary process, with the parameters for Budget 2026 being set out in the Summer Economic Statement, which Government will publish later this year.