Results 261-280 of 32,413 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs (25 Mar 2025)

Paschal Donohoe: Finance Act 2018 introduced a short-term, tapered regional uplift under the section 481 film tax credit for productions being made in areas designated under the State aid regional guidelines (among other criteria). The purpose of the regional uplift was to support the development of new, local pools of talent in areas outside the current main production hubs, to support the geographic spread...

Written Answers — Department of Finance: Tax Code (25 Mar 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: Insurance Coverage (25 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 274 to 276, inclusive, together. As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. As you will appreciate, I cannot comment on individual cases or intervene in disputes that individuals may have with their bank or insurance...

Written Answers — Department of Finance: Tax Credits (25 Mar 2025)

Paschal Donohoe: Section 462B of the Taxes Consolidation Act (“TCA”) 1997 provides for the Single Person Child Carer Tax Credit (“SPCCC”). Subject to the conditions of section 462B TCA 1997 being met, the SPCCC is available to a single person who proves that he or she has a qualifying child resident with him or her for the whole or greater part of the year of assessment. The...

Written Answers — Department of Finance: Insurance Coverage (25 Mar 2025)

Paschal Donohoe: At the outset, I would like to acknowledge the sensitivity of this issue. There are a number of regulatory and consumer protection requirements that lenders have to comply with when providing mortgage credit to consumers. For example, in most cases, a lender is legally required, under section 126 of the Consumer Credit Act 1995, to make sure that a mortgage applicant has mortgage protection...

Written Answers — Department of Finance: Tax Code (25 Mar 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. The following changes to the CAT...

Written Answers — Department of Finance: Banking Sector (25 Mar 2025)

Paschal Donohoe: I am informed by the Central Bank of Ireland that the volumes of securitised mortgage assets (across securitisations and covered bonds) on the retail bank’s balance sheets are as set out below; AIB: €7,304mn – 21% of the total mortgage portfolio; BOI: €14,176mn – 28% of the total mortgage portfolio PTSB: €5,342mn – 27% of the total...

Written Answers — Department of Finance: Tax Reliefs (25 Mar 2025)

Paschal Donohoe: The mortgage interest relief for principal private residences which was available in respect of qualifying home loans taken out between 1 January 2004 and 31 December 2012 was phased out on a gradual basis over the period 2009 to 2020. The decision to abolish it was taken in the wake of the financial crisis, with the cost of the relief being one of the influencing factors. The relief cost...

Written Answers — Department of Finance: Public Procurement Contracts (25 Mar 2025)

Paschal Donohoe: The information sought by the Deputy is set out in the tables below. It was not possible for the Central Bank to provide a response to this question in the given timeframe and this body will provide a response directly to the Deputy. The remaining bodies under the aegis of my Department have provided the total expenditure on public procurement in the below tables. It should be noted that...

Written Answers — Department of Finance: Departmental Bodies (25 Mar 2025)

Paschal Donohoe: I wish to advise the Deputy that it is difficult to define where the perimeter of what constitutes “quasi-judicial” lies, however, those bodies under the Aegis of my Department which adjudicate disputes between parties where the outcome of that adjudication is binding on the parties unless appealed are deemed quasi-judicial in nature and are listed below. The Central Bank of...

Written Answers — Department of Finance: Tax Reliefs (25 Mar 2025)

Paschal Donohoe: Rent-a-room relief, which is provided for in section 216A Taxes Consolidation Act 1997 (TCA), was introduced in 2001 with the aim of increasing the availability of rented residential accommodation. The section provides that, where an individual rents a room or rooms in her/his home as residential accommodation, and the gross rent received (including sums for food, laundry or similar goods and...

Written Answers — Department of Finance: Tax Exemptions (25 Mar 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 is zoned for residential or mixed-use (including residential) purposes and that is serviced. RZLT is an annual tax, calculated at a rate of 3% of the market value of the land within its scope. The tax is due...

Written Answers — Department of Finance: Social Media (25 Mar 2025)

Paschal Donohoe: I wish to advise the Deputy that of the social media videos posted by my Department during the timeframe specified, 100% included closed captioning/subtitles and none included Irish sign language translations. I am advised that of the social media videos posted by the bodies under the aegis of my Department in 2024, none included Irish sign language translations. The position in relation...

Written Answers — Department of Finance: Tax Code (25 Mar 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: Insurance Coverage (25 Mar 2025)

Paschal Donohoe: It is important to note that neither I as Minister for Finance, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products. This position is reinforced by the EU framework for insurance (the Solvency II Directive). Consequently, I am not in a position to direct insurance companies to extend coverage beyond the terms specified in their policies. ...

Written Answers — Department of Finance: Vehicle Registration Tax (25 Mar 2025)

Paschal Donohoe: The Finance Act 1992, as amended, sets out the rules governing vehicle registration and Vehicle Registration Tax (VRT). In general, the legislation obliges an individual who brings a vehicle into the State to register it within 30 days, and VRT is charged at the point of registration. Section 135 of the Act provides for certain limited circumstances in which a vehicle that is temporarily...

Written Answers — Department of Finance: Credit Unions (25 Mar 2025)

Paschal Donohoe: Dormant accounts legislation is a matter for the Department of Rural and Community Development. The Dormant Accounts Act, 2001 (as amended) provides for accounts in credit institutions to be transferred to the Dormant Accounts Fund when an account has been dormant for 15 years. Credit unions are currently not subject to the dormant accounts legislation. Accordingly, dormant accounts in...

Written Answers — Department of Finance: Tax Reliefs (20 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 242 and 245 together. The Deputy will appreciate that Revenue is bound by the confidentiality provisions in Section 851A of the Taxes Consolidation Act from commenting on the taxation position of specific taxpayers. Revenue operates a self-assessment system for VAT and therefore the application of VAT on services is primarily a matter for the company or...

Written Answers — Department of Finance: Office of the Comptroller and Auditor General (20 Mar 2025)

Paschal Donohoe: The function/office of C&AG is established under Article 33 of Bunreacht na hÉireann. The holder of the office is required (inter alia) to audit the accounts of all bodies or funds operated by or under the authority of Dáil Éireann. The list of such bodies or funds changes from time to time, in line with legislation on the formation or cessation of public bodies. ...

Written Answers — Department of Finance: Information and Communications Technology (20 Mar 2025)

Paschal Donohoe: I wish to advise the Deputy that there are 36 active copper communication lines inclusive of ISDN, PSTN, copper-based and lease lines across my department and the Department of Public Expenditure, National Development Delivery Plan and Reform (as part of a shared services arrangement whereby my Department pays the monthly costs). My Department keeps these requirements under review.