Results 261-280 of 33,498 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: The current position is that small businesses with a low turnover are not obliged to register for VAT, thereby avoiding the administrative burden that VAT registration entails. I am advised by Revenue that the VAT registration thresholds are subject to the requirements of EU VAT law, with which Irish VAT law is obliged to comply. Under the Directive there is an upper limit of...

Written Answers — Department of Finance: Closed-Circuit Television Systems (15 Jul 2025)

Paschal Donohoe: I wish to inform the Deputy that my Department and the bodies under the aegis of my Department have implemented appropriate and relevant physical security measures to ensure the ongoing protection of the organisations. These measures follow industry best practice and are fully compliant with the relevant Data Protection legislation. For operational and security reasons, it is not considered...

Written Answers — Department of Finance: Land Issues (15 Jul 2025)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. RZLT is designed to prompt residential development by owners of land that satisfies the relevant criteria for the tax, that being that the land is zoned for residential or mixed-use (including residential) purposes and is serviced. RZLT is an annual tax, calculated at a rate of 3%...

Written Answers — Department of Finance: Departmental Policies (15 Jul 2025)

Paschal Donohoe: Since 23 January 2025, the Department of Finance has delivered a number of policy achievements which include: Annual Progress Report 2025 The Annual Progress Report (APR) is a European legal requirement and replaces the annual Stability Programme Updates and the annual National Reform Programme in the European budgetary cycle; it is a key part of the reformed European fiscal architecture. The...

Written Answers — Department of Finance: Budget 2026 (15 Jul 2025)

Paschal Donohoe: Section 1025 of the Taxes Consolidation Act (“TCA”) 1997 provides for the tax treatment of payments made under a maintenance arrangement by one party of a marriage to another, where parties to the marriage are not jointly assessed to tax. A maintenance arrangement for the purposes of section 1025 TCA 1997, means an order of a court, rule of court, deed of separation, trust,...

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 347, 348, 349, 351, 352, 356, 359 and 369 together. 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...

Written Answers — Department of Finance: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: As the Deputy may or may not be aware, the EU Prospectus Regulation specifies that a prospectus must be drawn up, approved and published when securities are to be offered to the public or admitted to trading on a regulated market in the EU. It is a document that contains key information that potential investors would need to make an informed decision as to whether or not to invest. The...

Written Answers — Department of Finance: Housing Schemes (15 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. The incentive gives 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 legislation. The legislation governing the HTB scheme is set out in section 477C of...

Written Answers — Department of Finance: Military Aircraft (15 Jul 2025)

Paschal Donohoe: I am advised by Revenue that it is responsible for implementing customs controls on traffic entering the European Union through Irish ports and airports. This includes customs clearance of goods, the collection of customs duty and associated VAT and the detection, interception and seizure of prohibited and restricted products at points of entry into the State. The Union Customs Code (UCC)...

Written Answers — Department of Finance: Tax Data (15 Jul 2025)

Paschal Donohoe: The Rent Tax Credit was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. The value of the credit for 2022 and 2023 was €500 for a single person and €1,000 for a jointly assessed couple. For the years 2024 and 2025, the value of the credit increased to €1,000 for a single person and...

Written Answers — Department of Finance: Tax Data (15 Jul 2025)

Paschal Donohoe: I am informed by Revenue that the most recent year for which data in relation to the home carer tax credit is available is 2022. Data for 2023 will be available in the coming weeks and will be published in Revenue’s ‘Cost of Tax Expenditures’ publication on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: The Housing Aid for Older People Grant Scheme, the Mobility Aids Grant Scheme and the Housing Adaptation Grant for Disabled People Scheme are housing grants which are administered by local authorities. I am advised by Revenue that grants received from these schemes are generally not considered to be income in nature and are therefore not subject to income tax. The Solar Electricity Grant...

Written Answers — Department of Finance: Tax Rebates (15 Jul 2025)

Paschal Donohoe: Excise duty on alcohol is governed by EU law, with which Irish excise law is obliged to conform. The “Alcohol Structures Directive” (Council Directive 92/83/EEC) lays down a harmonised approach to excise duties on alcohol in the EU. It defines alcoholic beverages and sets out the basis on which excise duties on such products are to be established by Member States as well as the...

Written Answers — Department of Finance: Tax Yield (15 Jul 2025)

Paschal Donohoe: I am advised by Revenue that the Carbon Tax receipts for 2024 were €1,067 million. The provisional receipts in 2025 to end of June are €606 million. I am further advised that Carbon Tax receipts for 2024, and previous years, are published on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/breakdown/excise-receipts-commodity.aspx

Written Answers — Department of Finance: Tax Credits (15 Jul 2025)

Paschal Donohoe: The Rent Tax Credit (RTC) is available to students and their parents, as provided for in section 473B of the Taxes Consolidation Act 1997, which was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. The eligibility of the RTC was extended in Finance Act 2023 to parents who pay for their student...

Written Answers — Department of Finance: Tax Reliefs (15 Jul 2025)

Paschal Donohoe: In relation to the employment rights of film workers, as part of the cultural certification process for the Section 481 film tax credit, an applicant company is required to submit an undertaking of compliance with all relevant employment legislation in relation to the production being certified. These conditions are to be met not just by the producer company but also by the designated...

Written Answers — Department of Finance: Climate Change Policy (15 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 365 and 366 together. All liquid fuels, including biofuels such as hydrotreated/hydrogenated vegetable oil (HVO), are subject to Value-Added Tax (VAT), and to excise duty in the form of Mineral Oil Tax (MOT). It should be noted that in order to incentivise the uptake of more sustainable and renewable fuels the legal frameworks for MOT provide that...

Written Answers — Department of Finance: Revenue Commissioners (15 Jul 2025)

Paschal Donohoe: I am advised by Revenue that the guidance referred to by the Deputy refers to a long-standing Revenue practice under which employers may, subject to conditions, reimburse employees tax-free expenses of travel, and subsistence relating to that travel. It should be noted that Revenue guidance refers only to the taxation of travel and subsistence payments, the entitlement to such payments, is a...

Written Answers — Department of Finance: Primary Medical Certificates (15 Jul 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 my...

Written Answers — Department of Finance: Departmental Strategies (15 Jul 2025)

Paschal Donohoe: The following are the national strategies and action plans currently in operation in my Department: Update to Ireland for Finance - The strategy for the development of Ireland’s financial services sector, extended to 2026 Update to Ireland for Finance – Action Plan 2025 Medium-Term Fiscal and Structural Plan National Payments Strategy National Financial Literacy...