Results 341-360 of 34,379 for speaker:Paschal Donohoe

Finance Bill 2025: Financial Resolutions (4 Nov 2025)

Paschal Donohoe: I move: 1. THAT section 531AM of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains the main charging provisions for Universal Social Charge (USC), be amended in the manner and to the extent specified in the Act giving effect to this Resolution, to include a reference to Section 847AA which provides for a scheme of tax relief for donations to certain National Governing Bodies...

Written Answers — Department of Finance: Financial Services (4 Nov 2025)

Paschal Donohoe: In relation to evaluations of the Living City Initiative (LCI) by my Department, the following sets out the links to each published report: An ex-ante evaluation of the LCI pilot was undertaken by independent consultants, Indecon, in 2013 before the LCI was officially implemented. This report may be found at:Indecon 2013: A review undertaken by my Department in 2016 (in consultation with...

Written Answers — Department of Finance: Legislative Measures (4 Nov 2025)

Paschal Donohoe: I propose to take Questions Nos. 438 and 439 together. In October 2024, the then Minister for Finance, Jack Chambers TD, launched the National Payments Strategy (NPS). The NPS recognises that cash continues to be an important means of payment and store of value for many people in Ireland, especially for those who are elderly or digitally excluded. In relation to businesses accepting...

Written Answers — Department of Finance: Tax Code (4 Nov 2025)

Paschal Donohoe: I propose to take Questions Nos. 440 and 506 together. The Deputies have asked about deemed disposal rules for investments. Deemed disposal rules are an anti-avoidance measure that apply to investments in Irish domiciled investment funds and life assurance products, as well as equivalent offshore funds and certain foreign life assurance products. Under the deemed disposal rules, tax...

Written Answers — Department of Finance: Regeneration Projects (4 Nov 2025)

Paschal Donohoe: The Living City Initiative (LCI) is a targeted measure which is aimed at very specific areas in urgent need of regeneration, it is provided for under sections 372AAA to 372AAD of the Taxes Consolidation Act 1997. It currently offers income or corporation tax relief for qualifying expenditure incurred in the refurbishment and conversion of qualifying residential and commercial buildings...

Written Answers — Department of Finance: Tax Yield (4 Nov 2025)

Paschal Donohoe: I am advised by Revenue that that number of properties, and liability, by LPT band for the years 2015-2025 is provided in the tables below. Liability is based on the returns filed and payments received.

Written Answers — Department of Finance: Revenue Commissioners (4 Nov 2025)

Paschal Donohoe: Revenue have provided the following tables which illustrate the number of staff working in each of Revenue's frontier management branches from 2022 to the end of September 2025 and the number of new staff recruited or reassigned to each branch from 2022 to date in 2025. Serving Staff Frontier Management Branch 31/12/2022 31/12/2023 31/12/2024 ...

Written Answers — Department of Finance: Tax Code (4 Nov 2025)

Paschal Donohoe: The Deputy has asked about the introduction of an ISA type investment system in Ireland. As the Deputy may be aware the final report of the Funds Review, ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’ was published?in October 2024 and includes recommendations?to?support and encourage retail investment. In addition, on 30 September, the...

Written Answers — Department of Finance: Banking Sector (4 Nov 2025)

Paschal Donohoe: As the Deputy may be aware, in September 2022 the State completed the sale of its remaining shareholdings in Bank of Ireland, returning it to full private ownership. Therefore, as Minister for Finance, I have no role in operational decision made by this bank. This includes details in relation to the Bank’s profitability or its capital, these are matters for the board and management of...

Written Answers — Department of Finance: Banking Sector (4 Nov 2025)

Paschal Donohoe: I propose to take Questions Nos. 446 and 450 together. I am informed by the Central Bank of Ireland that it has ongoing engagement with Bank of Ireland Group in respect of the financial impact of the firm’s exposure to the UK motor finance redress scheme. Bank of Ireland has recently indicated that it may increase its provision from the £143m booked in H12025 to £350m,...

Written Answers — Department of Finance: Banking Sector (4 Nov 2025)

Paschal Donohoe: The Central Bank of Ireland has informed me that it has engaged with the Financial Conduct Authority (FCA) and other relevant authorities in relation to this matter. The Central Bank’s open and engaged charter puts a priority on engaging with our stakeholders, of which peer competent authorities are key in this regard. The Central Bank has a strong working relationship with...

Written Answers — Department of Finance: Banking Sector (4 Nov 2025)

Paschal Donohoe: I propose to take Questions Nos. 448 and 496 together. The Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 brought the provision of hire purchase (including personal contract plans) within the authorisation remit of the Central Bank of Ireland. The Central Bank of Ireland regulates firms which distribute credit products through credit...

Written Answers — Department of Finance: Banking Sector (4 Nov 2025)

Paschal Donohoe: Section 33AK of the Central Bank Act 1942, as amended, deals with the circumstances under which the Central Bank can disclose confidential information to third parties. It does not grant the Minister for Finance the power to request a report from the Central Bank. The Central Bank of Ireland has provided me with the following information. Since 2014, the Single Supervisory Mechanism...

Written Answers — Department of Finance: European Central Bank (4 Nov 2025)

Paschal Donohoe: I refer to the Deputy's question regarding the amount of Irish sovereign debt held by the ECB since 2008. It was not possible for this information to be provided in the time available and, therefore, I will make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Tax Code (4 Nov 2025)

Paschal Donohoe: Local property tax (LPT) is a self-assessed tax. It is a matter for every property owner to calculate the tax due on their property based on their assessment of its market value. Properties constructed using defective concrete blocks may be exempt from LPT for a period of 6 years, subject to meeting one of the following conditions: 1. The property is eligible for the Defective Concrete...

Written Answers — Department of Finance: Rental Sector (4 Nov 2025)

Paschal Donohoe: I am advised by the Revenue Commissioners that Revenue does not collect statistical data regarding the nature of assets held in Approved Retirement Funds (ARFs).

Written Answers — Department of Finance: Departmental Funding (4 Nov 2025)

Paschal Donohoe: I wish to inform the Deputy that my Department does not fund any NGOs.

Written Answers — Department of Finance: Tax Code (4 Nov 2025)

Paschal Donohoe: The Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025, signed into law in July, provides for a number of changes to the structure of Local Property Tax (LPT). These changes will apply for the upcoming valuation period 2026-2030. The Act provides for a widening the valuation bands by 20%, which will ensure that an estimated 93% of properties remain in their existing band....

Written Answers — Department of Finance: Departmental Policies (4 Nov 2025)

Paschal Donohoe: Ireland is focused on supporting and enhancing its economic relationship with Brazil to the greatest extent possible. Brazil is a valued and important trading partner for Ireland with whom we have an extensive two-way relationship in terms of people, business and diplomatic ties. Several Irish companies have based their Latin American headquarters in Brazil. Ireland's longstanding tax...

Written Answers — Department of Finance: Alcohol Pricing (4 Nov 2025)

Paschal Donohoe: Minimum unit alcohol pricing was introduced by the Department of Health as a public health measure designed to influence retail pricing strategies. As minimum unit alcohol pricing applies exclusively at the final stage of the supply chain (i.e. retail), any additional revenue realised by alcohol companies as a result of this policy is not captured in the data provided to Revenue. Alcohol...