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

Paschal Donohoe: What I will not do is make-----

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

Paschal Donohoe: -----a commitment here this evening on legislation, which I believe will not work, is not consistent with our law and will not help the people of Gaza.

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

Paschal Donohoe: Let me begin by emphasising Ireland's absolute respect for international law. Our view is that this is at the core of our foreign policy. I emphasise our track record in what we have done and what we have called for on behalf of the people of Gaza. Let me make the Government's stance really clear. We condemn Israel’s illegal annexation of the occupied Palestinian territories and we...

Written Answers — Department of Finance: Real Estate Investment Trusts (27 May 2025)

Paschal Donohoe: The rules relating to Real Estate Investment Trusts (REITs) in Ireland are contained in Part 25A of the Taxes Consolidation Act 1997. The purpose of the REIT regime is to allow for a collective investment vehicle which provides a comparable after-tax return to investors as direct investment in rental property, by eliminating the double layer of taxation at corporate and shareholder level...

Written Answers — Department of Finance: Insurance Industry (27 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 would like to thank the Deputy for engaging with officials in the Department of Finance to clarify that his question relates to ensuring that all home insurance policy providers secure a no claims confirmation from the...

Written Answers — Department of Finance: Public Procurement Contracts (27 May 2025)

Paschal Donohoe: My Department does not report specifically on framework-based procurement in the annual Appropriation Account (The Account). The Account is prepared in accordance with the guidance set out in the annual circular issued by the Department of Public Expenditure, Infrastructure, Public Service Reform and Digitalisation (most recently Circular 20/2024: Requirements for Appropriation Accounts...

Written Answers — Department of Finance: Public Procurement Contracts (27 May 2025)

Paschal Donohoe: The Department is unable to provide the requested information in the timeline available and a follow up response will be provided in line with standing orders. Regarding the bodies under the aegis of my Department, relevant bodies have provided the information below. The Central Bank was unable to provide the requested information in the timeline available; a follow up response will be...

Written Answers — Department of Finance: Public Procurement Contracts (27 May 2025)

Paschal Donohoe: I can advise the Deputy of the following instances of drawdowns in my department and its agencies where publications of contract award notices on the eTenders portal did not occur and the reasons why: Department of Finance. Contract commencement date Description Status/reason 27/06/2023 Financial Advisor Panel RFT - HBFI MEOP Concentration...

Written Answers — Department of Finance: Housing Schemes (27 May 2025)

Paschal Donohoe: As outlined in my response to Parliamentary Question No. 483 of 13 May 2025, Section 477C(1) TCA 1997 defines a ‘qualifying residence’ as a new building which was not, at any time, used, or suitable for use, as a dwelling. Section 477C(17)(b) TCA 1997 provides for a claw back of HTB where the minimum occupation period of five years is not met. This claw-back provision is not...

Written Answers — Department of Finance: Credit Unions (27 May 2025)

Paschal Donohoe: Data provided by the Central Bank, based on extracts from unaudited information reported by credit unions, outlines the following positions as at 31 March 2023, 31 March 2024 and 31 March 2025 respectively: 2023 - The amount outstanding in house lending was €364.9m with an average loan size of €92,825. 2024 - The amount outstanding in house lending was €614.9m with an...

Written Answers — Department of Finance: Credit Unions (27 May 2025)

Paschal Donohoe: Data provided by the Central Bank, based on extracts from unaudited information reported by credit unions, outlines the following positions as at 31 March 2023, March 2024 and 31 March 2025 respectively: 2023 – The amount outstanding in business lending was €151.45m with an average loan size of €20,764. 2024 – The amount outstanding in business lending was...

Written Answers — Department of Finance: Credit Unions (27 May 2025)

Paschal Donohoe: Data provided by the Central Bank, based on extracts from unaudited information reported by credit unions, outlines the following positions as at 31 March 2023, 31 March 2024 and 31 March 2025 respectively: 2023 - The amount outstanding in personal lending was €5.261bn with an average loan size of €8,509. 2024 - The amount outstanding in personal lending was €5.814bn...

Written Answers — Department of Finance: Credit Unions (27 May 2025)

Paschal Donohoe: Firstly, I should clarify that I as Minister for Finance cannot give legal advice nor can I comment on individual cases. Similarly, the Central Bank is not in a position to provide legal advice or interpretative advice on legislation to the firms it regulates. However, I have set out some points in relation to your question below. In accordance with Section 53 of the Credit Union Act 1997...

Written Answers — Department of Finance: Tax Code (27 May 2025)

Paschal Donohoe: I am informed by Revenue that an approved retirement fund (ARF) is a post-retirement investment vehicle from which the proceeds of a pension fund can be paid into at retirement. ARFs are managed by a Qualified Fund Manager (QFM) who acts as the administrator for the fund. The ARF holder may draw down from their ARF at will, subject to income tax under Schedule E in the year of assessment. ...

Written Answers — Department of Finance: Vehicle Registration Tax (22 May 2025)

Paschal Donohoe: Section 135 of the Finance Act, 1992 provides that a vehicle which is temporarily brought into the State may be exempted from the requirement to be registered, if the vehicle is brought into the State by a person established outside the State. S.I. No. 60 of 1993, Temporary Exemption from Registration of Vehicles Regulations, 1993, sets out the criteria for eligibility for such exemption,...

Written Answers — Department of Finance: Freedom of Information (22 May 2025)

Paschal Donohoe: I am fully cognisant of the statutory obligations that apply under the Freedom of Information Act 2014 and am satisfied that records relating to government or official departmental business are retained in line with the requirements of the Act.

Written Answers — Department of Finance: Renewable Energy Generation (22 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 170 and 171 together. Micro-generation of electricity is the small-scale production of electricity by consumers who generate electricity at their own homes for their own consumption and sell the excess electricity produced to the grid. Section 216D of the Taxes Consolidation Act 1997 provides that profits of up to €400 per year arising to an...

Written Answers — Department of Finance: Departmental Schemes (22 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 172 and 173 together. 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. ...

Written Answers — Department of Finance: Departmental Staff (22 May 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department launched its Blended Working Policy on 1st July 2022. This policy was developed in line with the parameters of the Civil Service Blended Working Policy Framework. The office remains the principal workplace and blended working arrangements are agreed at a local level in each business unit. A key principle of the policy is that business needs...

Written Answers — Department of Finance: Departmental Equipment (22 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 175, 176 and 178 together. ICT services for my department are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure, Infrastructure, Public Services, Reform and Digitalisation. As part of this arrangement, my department uses Microsoft Teams as part of the department’s collaboration and...

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