Results 341-360 of 32,429 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Financial Services (19 Mar 2025)

Paschal Donohoe: Part 4 of the Criminal Justice Act 2010 (the “Act”) provides for various anti-money laundering obligations that must be complied with by a ‘designated person’. A ‘designated person’ is defined in section 25 of the Act and this includes a financial institution and credit institution as defined in the Act. Therefore, these institutions must comply...

Written Answers — Department of Finance: Tax Code (19 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: Tax Credits (19 Mar 2025)

Paschal Donohoe: Parts 44 and 44A of the Taxes Consolidation Act (“TCA”) 1997 provide for joint assessment of married couples and civil partners respectively, and section 461 TCA provides for the basic personal tax credit, including the ‘married person tax credit’. Where joint assessment applies, tax is chargeable on a couple’s total income and a single tax return is due....

Written Answers — Department of Finance: Tax Data (19 Mar 2025)

Paschal Donohoe: I am advised by Revenue that traders are not required to identify the VAT generated from the supply of specific goods or services on their periodic VAT returns. As such, Revenue does not have any data from which to provide an estimate of the cost of a reduction in the VAT rate applied to either bike rentals or short-term car rental.

Written Answers — Department of Finance: Tax Data (19 Mar 2025)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of the EU VAT Directive. Ireland is obliged to comply with the EU VAT Directive. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of which Member...

Written Answers — Department of Finance: Tax Reliefs (19 Mar 2025)

Paschal Donohoe: Tax relief for trade union subscriptions was previously provided for under section 472C of the Taxes Consolidation Act 1997. The relief was introduced in 2001 and abolished from 2011 onward (in line with the National Recovery Plan and with a view to widening the tax base). A review of the appropriate treatment for tax purposes of trade union subscriptions and professional body fees was...

Written Answers — Department of Finance: Departmental Contracts (19 Mar 2025)

Paschal Donohoe: I can advise the Deputy that my Department does not have any record of contracts awarded by it to the company mentioned

Written Answers — Department of Finance: Tax Code (19 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: State Assets (19 Mar 2025)

Paschal Donohoe: I am advised by the Central Bank that at the end of 2024 the Bank held 12 tonnes of gold and gold receivables at a market value of €971m. The Central Bank’s gold bars are held in custody at the Banque de France and at the Bank of England. The annual costs of these gold custody fees are minimal. The Central Bank has not disposed of any gold holdings in recent years. The...

Written Answers — Department of Finance: State Assets (19 Mar 2025)

Paschal Donohoe: I should say that the Exchequer had no foreign currency reserves/assets at end-2024. I am informed by the Central Bank that since the introduction of the euro the role of foreign exchange reserves has changed. The ECB now holds the foreign reserves for the Eurosystem, to which the Central Bank of Ireland contributed a portion (circa 2%) upon the establishment of EMU. At the end of 2023,...

Written Answers — Department of Finance: Tax Code (19 Mar 2025)

Paschal Donohoe: The position is that where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax. Each partner is a separate entity for tax purposes, therefore, cohabiting couples cannot file joint assessment tax returns or share their tax credits and tax bands in the same manner as married couples. The...

Written Answers — Department of Finance: Departmental Contracts (19 Mar 2025)

Paschal Donohoe: The information requested by the Deputy in relation to the annual amount claimed by special advisors outside their regular salary for each year from 2020 to 2024 is set out in tabular form at the following link. There have been no payments made by my Department to special advisors in 2025 to date outside of their regular salary.

Written Answers — Department of Finance: Departmental Properties (19 Mar 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department does not own or lease any properties or land and is provided with accommodation by the OPW.

Written Answers — Department of Finance: Financial Services (19 Mar 2025)

Paschal Donohoe: The Financial Services and Pensions Ombudsman (FSPO) is an independent and impartial statutory body that plays an important role in the robust consumer protection framework in place in Ireland to support consumers of financial products and services. Firstly, the FSPO cannot publicly comment on individual complaints or confirm receipt of complaints in relation to any individual financial...

Written Answers — Department of Finance: Mortgage Interest Rates (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 419, 420, 422 and 423 together. The formulation and implementation of monetary policy is an independent matter for the European Central Bank (ECB). As Deputies are aware, the ECB increased official interest rates over the course of 2022 and 2023 as it moved to combat excess inflation. However, it has now reduced official interest rates on six...

Written Answers — Department of Finance: State Bodies (19 Mar 2025)

Paschal Donohoe: I can advise the Deputy that my Department does not have any record of contracts awarded by it to Codec. The bodies under the Aegis of my Department that have engaged Codec’s services have advised as follows: The Central Bank of Ireland has contracted with Codec in a limited way during this time period (2020 – 2025 to date). The Bank is satisfied with the contribution...

Written Answers — Department of Finance: Tax Code (19 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: Departmental Bodies (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 425 to 428, inclusive, together. I am taking this question to refer specifically to the boards of the State Agencies under the aegis of my Department. It should be noted that while the Credit Union Restructuring Board is one of these State Agencies, it was operationally wound down in 2017 and is awaiting formal dissolution. The remaining State Agencies...

Written Answers — Department of Finance: Tax Data (19 Mar 2025)

Paschal Donohoe: Section 78C of the Finance Act 2003 provides for a relief of 50% from Alcohol Products Tax (APT) for certain small-scale producers of beer, cider and perry in the State. I am advised by Revenue that the value of the relief granted in respect of such qualifying producers in the State is shown in the table below. Year APT Relief €m 2014 2.3...

Written Answers — Department of Finance: National Treasury Management Agency (19 Mar 2025)

Paschal Donohoe: The NTMA have provided me with the material below in response to the Deputy's question. The table below outlines the ISIF’s segregated holdings in quoted global alcohol equities at year end from 2014 to 2023, aligned to the NTMA Annual Reports which can be found on the NTMA website, www.ntma.ie. These equity holdings are categorised according to the Bloomberg Industry...