Results 261-280 of 32,924 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Illicit Trade (28 May 2025)

Paschal Donohoe: I am advised that since 2009, Revenue, in conjunction with the HSE’s National Tobacco Control Office, has commissioned Ipsos MRBI to conduct annual independent market research among smokers about the source of their cigarettes. The purpose of this research is to estimate the volume of non-Irish duty paid cigarettes being consumed in Ireland. Since 2013, this cigarette research has been...

Written Answers — Department of Finance: Climate Action Plan (28 May 2025)

Paschal Donohoe: Section 118(5A) of the Taxes Consolidation Act 1997 (TCA) provides for an exemption from benefit-in-kind (BIK) where an employer purchases a travel pass for one of their employees or directors. This is commonly known as the TaxSaver scheme. Under section 118B TCA, an employer and employee may also enter into a salary sacrifice arrangement under which the employee agrees to sacrifice part of...

Written Answers — Department of Finance: Tax Code (28 May 2025)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law is obliged to comply. The Directive requires each Member State to maintain a standard rate of VAT, and permits a Member State to apply up to two reduced rates of VAT. On this basis, Ireland applies a standard rate of 23%, and two reduced rates of 13.5% and 9%. In general, the EU VAT Directive provides...

Written Answers — Department of Finance: Tax Code (28 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 125, 126 and 127 together. The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law is obliged to comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within the certain listed categories to which Member States may apply a lower rate. Motor...

Written Answers — Department of Finance: Tax Code (28 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 128 and 132 together. I am advised by Revenue that Vehicles with an Open Market Selling Price (OMSP) of up to €40,000 are granted VRT relief of up to €5,000 while Vehicles with an OMSP of greater than €40,000 but less than €50,000 receive a reduced level of VRT relief. Electric vehicles above €50,000 are not eligible for...

Written Answers — Department of Finance: Tax Code (28 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 129, 130 and 131 together. I am informed by Revenue that they do not hold any data in relation to airline ticket sales or flight data. There is no requirement for Revenue to collect this type of information for tax or compliance purposes and therefore they have no basis on which to estimate the revenue that would be raised by the introduction of a levy on...

Written Answers — Department of Finance: Vacant Properties (28 May 2025)

Paschal Donohoe: 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 homes for rent or purchase by encouraging the owners of vacant, habitable, 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: Tax Code (28 May 2025)

Paschal Donohoe: I am informed by Revenue that the data systems available to provide responses to queries on specific ownership of residential properties do not contain information on declarants in an integrated fashion that readily facilitates statistical analysis in the nature requested in this instance. Therefore, it has not been possible in the time available to finalise all of this data. Revenue is...

Written Answers — Department of Finance: Financial Services (28 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 135 and 136 together. The Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 (the 2015 Act) and the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018 (the 2018 Act) applies to the activity of credit servicing in relation to relevant credit agreements. The Consumer Protection (Regulation of Retail Credit and Credit...

Written Answers — Department of Finance: Financial Services (28 May 2025)

Paschal Donohoe: As noted in response to Parliamentary Question No. 36 of 21 May 2025, Finance Act 2016 made certain changes to the taxation of qualifying companies, within the meaning of section 110 Taxes Consolidation Act 1997 (“TCA 1997”). The changes, which included the introduction of a new subsection (5A) in section 110, relate to the taxation of profits derived from the business of...

Written Answers — Department of Finance: Insurance Industry (28 May 2025)

Paschal Donohoe: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. I am aware of the issue of under-insurance, which occurs when the sum insured on a property is less than the amount it would cost to rebuild or reinstate the property. According to the Central Bank of Ireland, this can...

Written Answers — Department of Finance: National Asset Management Agency (28 May 2025)

Paschal Donohoe: As the Deputy will be aware, a Resolution Unit is to be established and resourced by the NTMA, with responsibility for managing any residual activity of NAMA following its dissolution and any residual activity of IBRC (in Special Liquidation). It is currently anticipated by the NTMA that the Resolution Unit will require approximately 10 staff members, including a Head of Unit, the role...

Written Answers — Department of Finance: Tax Credits (28 May 2025)

Paschal Donohoe: Section 481 provides relief in the form of a corporation tax credit related to the cost of production of certain films. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of the Irish culture. Finance Act 2018 introduced a short-term, tapered regional uplift for...

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: You did.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: That is not what the others said.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: That is an appalling allegation to make.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: That is an appalling allegation.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: For the first time in the State, what this Bill aims to do is to introduce a national sanctions regime. Let us step back and acknowledge the huge suffering that is the cause of this debate but let us look also at how Irish diplomacy has worked. How it has worked is that the sanctions that we have implemented have been ones that have been negotiated, agreed and introduced at EU and UN level.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: They are an important tool to promote the objective of the EU's Common Foreign and Security Policy. Sanctions are stronger and more effective when done collectively. Rather than be seen to do something, it is far better-----

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: -----to ensure the outcome is effective. Furthermore, the clear advice that has been provided to me is that it is not about hiding behind the law, it is as a government and a Member of Parliament, being subject to the law.