Results 321-340 of 34,135 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Yield (7 Oct 2025)

Paschal Donohoe: RZLT is an annual tax, calculated at a rate of 3% of the market value of the land within its scope, known as a relevant site. Relevant sites are identified by reference to maps published by local authorities, which are revised on an annual basis, and reflect land that the local authority has determined meets the relevant criteria for the tax, being that the land is zoned for residential or...

Written Answers — Department of Finance: Tax Reliefs (7 Oct 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. It also aims to encourage additional supply of new houses by supporting demand. HTB provides 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...

Written Answers — Department of Finance: Vehicle Registration Tax (7 Oct 2025)

Paschal Donohoe: I am advised by Revenue that the vehicle registration tax enforcement statistics are set out below to include the number of warnings issued, detentions, vehicles seized for VRT related offences and the number of cases where a compromise sum was paid for the period May 2025 to end July 2025. This data is based on information as of 02 October 2025: 2025 Warnings ...

Written Answers — Department of Finance: Tax Code (7 Oct 2025)

Paschal Donohoe: 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 the maximum amount, known as the “Group threshold”, below which CAT does...

Written Answers — Department of Finance: Tax Rebates (7 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 138 and 139 together. 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...

Written Answers — Department of Finance: Fiscal Policy (2 Oct 2025)

Paschal Donohoe: I have warned on many occasions of the risks surrounding corporation tax. This revenue stream is highly reliant on a small number of large multinational firms and is not a suitable basis on which to build permanent spending commitments. The Future Ireland Fund and the Infrastructure, Climate and Nature Fund were established in order to mitigate this risk. These funds will enable us to...

Written Answers — Department of Finance: Tax Exemptions (2 Oct 2025)

Paschal Donohoe: I am advised by Revenue that the available information in respect of residential property transactions is provided in the table below. This data reflects transactions stamped in 2024. 1. Percentage of new residential property transactions for which a stamp duty exemption/relief was claimed, and stamp duty paid was zero. 9% 2. Total new...

Written Answers — Department of Finance: Insurance Levy (2 Oct 2025)

Paschal Donohoe: As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” That report set out 42 recommendations to cement Ireland’s position as a leading global hub for funds and asset management. This report sets out a series of recommendations to ensure that, in pursuit of continued growth in the...

Written Answers — Department of Finance: Tax Code (2 Oct 2025)

Paschal Donohoe: As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” This report sets out 42 recommendations to ensure that, in pursuit of continued growth in the funds and asset management sector, Ireland’s funds sector framework remains resilient, future-proofed, supportive of financial stability...

Written Answers — Department of Finance: Fiscal Policy (2 Oct 2025)

Paschal Donohoe: The Government is aware of the recent announcement of new US tariffs, including those on patented pharmaceuticals. It is important to stress, however, that the EU-US Joint Statement was unambiguous with respect to pharmaceuticals. Any new tariffs announced by the US on pharmaceuticals following the conclusion of the Section 232 investigation would not exceed 15 per cent for pharmaceutical...

Written Answers — Department of Finance: Tax Reliefs (2 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 267 and 268 together. Finance Act 2023 introduced the Mortgage Interest Tax Relief (MITR). The MITR was originally made available for the 2023 year of assessment. However, in Finance Act 2024, it was extended to include the year 2024. The relief is available to homeowners with an outstanding mortgage balance between €80,000 and €500,000 as...

Written Answers — Department of Finance: Legislative Measures (2 Oct 2025)

Paschal Donohoe: My Department, the Department of Health and Revenue have, for some time, been aware of issues which arose from contractual arrangements within the General Practitioner (GP) community whereby some GPs treat income under their General Medical Services (GMS) contract as income of a GP practice in which they are a partner or an employee, rather than income of that individual GP. In accordance...

Written Answers — Department of Finance: Tax Code (1 Oct 2025)

Paschal Donohoe: I am advised by Revenue that, in accordance with section 114 of the Taxes Consolidation Act 1997 (TCA), where an employee is necessarily obliged to incur and defray out of the emoluments of the employment expenses of travelling in the performance of the duties of the employment, or otherwise to expend money wholly, exclusively and necessarily in the performance of those duties, there may be...

Written Answers — Department of Finance: Tax Exemptions (1 Oct 2025)

Paschal Donohoe: It is assumed that the Deputy is referring to the charitable tax exemption, which may apply to religious organisations. The Deputy will be aware that my Department publish an annual report on tax expenditures. The most recent report, “Tax Expenditures in Ireland – 2025 Report”, was published in July and is available here:...

Written Answers — Department of Finance: Tax Exemptions (1 Oct 2025)

Paschal Donohoe: The Charities Regulator was established in 2014 and is Ireland’s national statutory regulator for charitable organisations. All charities must submit an Annual Report to the Charities Regulator, detailing the activities and finances for the previous year. The report informs the public and donors of:what the charity has done over the previous 12 months to further its charitable...

Written Answers — Department of Finance: Budget 2026 (1 Oct 2025)

Paschal Donohoe: The Minister for Finance and officials received and have considered the issues raised in the Budget 2026 submission by the Irish Farmers Association. As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Departmental Correspondence (1 Oct 2025)

Paschal Donohoe: In relation to proposals to assist in advancing the decarbonisation of the transport sector in Ireland, it is important to note that the existing vehicle tax structures in the State have a strong environmental rationale, with the more pollutant, fossil-fuelled cars paying higher rates of tax, between motor tax, benefit-in-kind (BIK) and vehicle registration tax (VRT). In contrast,...

Written Answers — Department of Transport, Tourism and Sport: Public Transport (30 Sep 2025)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. I would note, however, that the Taxsaver scheme, as provided for in section 118(5A) of the Taxes Consolidation Act 1997 (TCA), offers an exemption from benefit-in-kind (BIK) where an employer...

Written Answers — Department of Transport, Tourism and Sport: Tax Reliefs (30 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 315 and 334 together. As the Deputies will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. In the Programme for Government 2025 it was pledged to support SMEs, particularly those in the retail and hospitality sectors, by...

Written Answers — Department of Transport, Tourism and Sport: Mortgage Interest Rates (30 Sep 2025)

Paschal Donohoe: The number of taxpayer units who benefitted from the MITR in 2023 was 52,320, and the cost was estimated at €35.4 million. This is the first year the credit was claimable and is the latest year for which data is available, as the 2024 Form 11 filing deadline for self-assessed taxpayers has not yet passed. These figures are published in Revenue's Cost of Tax Expenditures publication,...