Results 361-380 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Cybersecurity Policy (27 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 186 and 187 together. My Department’s IT systems are provided by the Office of the Government Chief Information Officer (OGCIO) who have advised me that they implement a multi layered defence-in-depth security strategy which is achieved through the effective combination of People, Processes, and Technology to support the implementation of...

Written Answers — Department of Finance: Mortgage Interest Rates (27 Mar 2025)

Paschal Donohoe: In September 2023, Banking and Payments Federation Ireland (BPFI) and the industry announced a package of measures to assist mortgage borrowers who were experiencing repayment difficulty in the light of the increase in the cost of living and increases in interest rates. As part of this initiative, certain lenders agreed initial eligibility criteria to provide certain guidelines to assist...

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

Paschal Donohoe: As the Deputy will be aware, the Programme for Government, Securing Ireland’s Future, includes a commitment to “Consider measures, in conjunction with the Department of Finance, to encourage gym membership and active participation in sport and exercise.” In line with best practice, proposals for the introduction of new tax measures or the amendment of existing tax...

Written Answers — Department of Finance: Legislative Measures (27 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 190, 191 and 192 together. The proposed Payment Services Regulation (PSR) and its accompanying Payment Services Directive (PSD3), which together aim to increase harmonisation in the area of European payments regulation, including in the areas of authorisation and fighting payment fraud, are currently still under negotiation in the European Parliament and...

Written Answers — Department of Finance: Departmental Funding (27 Mar 2025)

Paschal Donohoe: The Future Ireland Fund (FIF) and the Infrastructure, Climate and Nature Fund (ICNF) funds were established in 2024 following the passage of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Act through the Oireachtas. The Act was signed into law by the President on 18 June 2024 with most of the Act commenced on 30 July 2024. In September 2024, there were transfers from...

Written Answers — Department of Finance: Insurance Industry (26 Mar 2025)

Paschal Donohoe: At the outset, it is important to clarify that neither I nor the Central Bank of Ireland can interfere with the provision or pricing of insurance products, as these are commercial decisions made by individual companies, governed by the EU Single Market framework for insurance (the Solvency II Directive). In relation to motor insurance, Insurance Ireland have advised the Department of...

Written Answers — Department of Finance: Tax Reliefs (26 Mar 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act (“TCA”) 1997 provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which has been carried out or advised by (in certain circumstances) a “practitioner”, will...

Written Answers — Department of Finance: Personal Injury Claims (26 Mar 2025)

Paschal Donohoe: At the outset, it is important to note that the Personal Injuries Guidelines are developed by the Judicial Council, which is independent in its functions. While this matter falls within the remit of the Minister for Justice, I, as Minister for Finance, fully appreciate the significance that changes to the Guidelines may have on the cost of insurance and the potential implications for recent...

Written Answers — Department of Finance: National Asset Management Agency (26 Mar 2025)

Paschal Donohoe: The Deputy will be aware that, under sections 99 and 202 of the NAMA Act 2009, NAMA is unable to divulge confidential information regarding NAMA debtors or their assets, or commercial transactions in which they are involved. Notwithstanding these statutory and legal limitations, I am advised by NAMA that it has considered the judgment that issued in 2024 in the case raised in the article to...

Written Answers — Department of Finance: Tax Reliefs (26 Mar 2025)

Paschal Donohoe: Section 118(5A) of the Taxes Consolidation Act 1997 (TCA) provides an exemption from benefit-in-kind (BIK) where an employer purchases a travel pass for an employee. This is commonly known as the Taxsaver scheme. Under section 118B TCA, an employer and employee may also enter into a Revenue-approved salary sacrifice arrangement under which the employee agrees to sacrifice part of his or her...

Written Answers — Department of Finance: Data Protection (26 Mar 2025)

Paschal Donohoe: I am informed that my Department's Data Protection Officer and officials in my Department have regular engagement as required with the Data Protection Commission (DPC), for example in fulfilling obligations under Section 38(5) of the Data Protection Act which requires a Minister to consult with the DPC before making regulations with respect to the processing of personal data that is necessary...

Written Answers — Department of Finance: Tax Reliefs (26 Mar 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act (“TCA”) 1997 provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which has been carried out or advised by a practitioner, will qualify for tax relief. Broadly,...

Written Answers — Department of Finance: Weather Events (26 Mar 2025)

Paschal Donohoe: I wish to advise the Deputy that no additional funding is being provided to my Department with regards to expenditure arising from storm Éowyn.

Written Answers — Department of Finance: Customs and Excise (25 Mar 2025)

Paschal Donohoe: As outlined in my response to Parliamentary Question No. 247 of 5 February 2025, I am aware that Revenue uses a range of measures to tackle the smuggling, supply or sale of illicit tobacco products with a view to disrupting the supply chain, seizing the illicit product and, where possible, prosecuting those involved. Revenue’s strategy involves developing and sharing intelligence on a...

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...