Results 361-380 of 33,829 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Credits (29 Jul 2025)

Paschal Donohoe: Section 472B of the Tax Consolidation Act 1997 provides that a tax credit of €1,270 (referred to as the Fisher Tax Credit) will be available to individuals who satisfy the qualifying conditions of the section. Further details on the credit can be located at the following link - www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-g ains-tax-corporation-tax/part-15/15-01-45.pdf ...

Written Answers — Department of Finance: Tax Exemptions (29 Jul 2025)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997 (TCA 1997). RZLT is designed to prompt residential development by owners of land that is zoned for residential or mixed-use (including residential) purposes and that is serviced. RZLT is an annual tax, calculated at a rate of 3% of the market value of the land within its scope,...

Written Answers — Department of Finance: Tax Data (29 Jul 2025)

Paschal Donohoe: In questions 314 and 315 of 24 June last, the deputy asked for:“the minimum effective tax rate on individual earnings for each of the past ten years; and the level of earnings at which that minimum effective tax rate applied in each of those ten years, in tabular form” and“the estimated first- and full-year yield from each percentage point increase in the minimum...

Written Answers — Department of Finance: Tax Data (29 Jul 2025)

Paschal Donohoe: My Department has oversight of the Disabled Drivers & Disabled Passengers Scheme (DDS) only and does not have responsibility for disability policy. The DDS provides relief from VRT and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as defined, as a driver or as a passenger and...

Written Answers — Department of Finance: Electric Vehicles (29 Jul 2025)

Paschal Donohoe: Substantial progress has been made under the 2020 Action Plan for Insurance Reform to improve the cost and availability of insurance. Reforms such as the introduction of Personal Injuries Guidelines, the rebalancing of the duty of care, and the banning of price walking in motor and home insurance markets have contributed to a more competitive environment. However, rising premiums in some...

Written Answers — Department of Finance: Departmental Programmes (29 Jul 2025)

Paschal Donohoe: The Women in Finance Charter is already being delivered. The Charter was launched in April 2022 as part of the Ireland for Finance strategy, establishing a three-year pilot to run until July 2025. The Charter is led by industry and supported by government. Industry representative bodies play a key role, including Financial Services Ireland, Banking and Payments Federation Ireland,...

Written Answers — Department of Finance: Departmental Data (29 Jul 2025)

Paschal Donohoe: The Women in Agriculture Action Plan contains two tax-related actions. One relates to promoting and normalising female succession and includes the consideration of any changes required to taxation. The other seeks to identify any barriers for women farmers within the taxation system, and to ensure greater inclusivity and fairness. With regard to the aforementioned actions, the following...

Written Answers — Department of Finance: Departmental Communications (29 Jul 2025)

Paschal Donohoe: The Minister for Finance does not use personal emails for Government business.

Written Answers — Department of Finance: Departmental Communications (29 Jul 2025)

Paschal Donohoe: For operational and security reasons, the Department of Finance does not disclose details of systems and processes which could in any way compromise the Department's cybersecurity efforts. In particular, it is not considered appropriate to disclose any information which might assist criminals to identify potential vulnerabilities in cybersecurity arrangements in the Department of Finance.

Written Answers — Department of Finance: Departmental Schemes (29 Jul 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: Departmental Reviews (29 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 675 and 676 together. A new national excise duty, known as E-Liquid Products Tax (EPT), was legislated for in Finance Act 2024. Commencement of the new tax is subject to Ministerial Order, and arrangements are well advanced for EPT to come into operation later this year. The tax is being introduced on public health grounds to help reduce the growing...

Written Answers — Department of Finance: Departmental Inquiries (29 Jul 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 Collection (29 Jul 2025)

Paschal Donohoe: The final financial statements of the Escrow Fund along with a an explanatory cover note were published on my Department’s website on Monday, 14 July 2025 (www.gov.ie/en/department-of-finance/publications/cover-note -for-ireland-apple-escrow-fund-2024-financial-statements/). In summary, the Court of Justice of the European Union (CJEU) judgment of 10 September 2024 provided the...

Written Answers — Department of Finance: Revenue Commissioners (29 Jul 2025)

Paschal Donohoe: I am advised by Revenue that its dog detector teams, although an integral element of Revenue’s compliance framework, are just one component of a suite of detection equipment and technologies, including risk analysis tools, deployed to target fraud, illicit trade, smuggling and organised crime. Scan technology is deployed at all points of entry that work in tandem with the dog detector...

Written Answers — Department of Finance: Tax Data (29 Jul 2025)

Paschal Donohoe: I understand that the Deputy is referring to family relationships which currently do not fall within Group A for Capital Acquisitions Tax ('CAT') purposes. 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...

Written Answers — Department of Finance: Departmental Expenditure (29 Jul 2025)

Paschal Donohoe: The amount of travel and subsistence payments (includes flights, hotels, overnight and vouched expenses) for my Department in the period from 2021 to date is as follows: 2021 2022 2023 2024 2025 to date €207,738 €520,450 €834,829 €756,636 €477,689 The bodies...

Written Answers — Department of Finance: Departmental Data (29 Jul 2025)

Paschal Donohoe: The National Treasury Management Agency has informed me while the Ireland Strategic Investment Fund (ISIF) has committed to invest up to €24m in GMC to part fund the acquisition of the site and the development of a film studio, it should be noted this is the value of its commitment and does not represent the amount invested. As ISIF’s investments in projects and businesses...

Written Answers — Department of Finance: Departmental Data (29 Jul 2025)

Paschal Donohoe: I welcome the publication of the ESRI’s Quarterly Economic Commentary published in June. I note, in particular, the Institute’s assessment regarding the potential vulnerability of the public finances, to which the Deputy refers. Such vulnerabilities were explicitly highlighted in the Summer Economic Statement (SES) which I published alongside Minister Chambers last week. In...

Written Answers — Department of Finance: Departmental Data (29 Jul 2025)

Paschal Donohoe: The Future Ireland Fund (FIF) is one of two new long-term savings funds established by the Government last year, alongside the Infrastructure, Climate and Nature Fund (ICNF) (together collectively known as ‘the Funds’). The Funds seek to future proof the public finances and to deal with future challenges such as demography, de-carbonisation, digitisation and de-globalisation. ...

Written Answers — Department of Finance: Departmental Schemes (29 Jul 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. The incentive gives 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 legislation. Based on the latest available data (30 June 2025), the scheme has...