Results 21-40 of 32,924 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs (11 Jun 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act (“TCA”) 1997 provides for tax relief where an individual proves that he or she has 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”,...

Written Answers — Department of Finance: Departmental Data (11 Jun 2025)

Paschal Donohoe: The contact details for my Department are: Email address Phone Number minister@finance.gov.ie 01-6767571 mos@finance.gov.ie 01-6767571 The Credit Union Advisory Committee is an advisory committee set up to advise the Minister for Finance in relation to credit union matters. It meets on a monthly basis in my...

Written Answers — Department of Finance: Departmental Contracts (11 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that for the timeline specified, neither my Department nor the bodies under its aegis have had capital projects for IT services which had contracts valued in excess of €1 million that failed to reach completion.

Written Answers — Department of Finance: Departmental Contracts (11 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that neither my Department nor the bodies under its aegis have had capital projects which had contracts in excess of €5 million which ran over cost in 2023.

Written Answers — Department of Finance: Exchequer Deficit (11 Jun 2025)

Paschal Donohoe: The NTMA have informed me that the annual net interest paid on Ireland’s National Debt for each of the years 2000 to 2024 is as included in the table below: €m National Debt Interest 2024 2,991 2023 3,168 2022 3,701 2021 3,594 2020 4,515 ...

Written Answers — Department of Finance: State Pensions (11 Jun 2025)

Paschal Donohoe: I am advised by Revenue that due to the way in which pensions payments from the Department of Social Welfare are declared by taxpayers on a Form 11 tax return it is not possible to separately identify taxpayers where their sole income is the State pension, or to explicitly identify those with this source of income. Revenue advise that, on a Form 11 tax return, taxpayers are asked to...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: I am advised by Revenue that the table below sets out the estimated first and full year costs to the Exchequer, in 2025, of each proposal outlined by the Deputy. Proposal First Year €m Full Year €m Removing the USC on all income up to €30,000 945 1,085 Removing the USC on all income up to...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: I am advised that following clarification from the Deputy's office this question is to ask the 2025 cost of reversing the 1 May 2025 carbon tax increase and not proceeding with the 8 October 2025 carbon tax increase. I am advised by Revenue that the estimated VAT inclusive first-year, 2025, cost of reversing the 1 May carbon tax increase from 1 November and not proceeding with the...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: As the Deputy will be aware the temporary reduction in the rate of VAT from 13.5% to 9% for gas and electricity was first introduced on 1 May 2022. In recognition of the ongoing difficulties experienced by households and businesses with the increasing cost of energy, it has continued to be extended since then with the latest extension passed by Financial Resolution on April 2 and due to...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: I am advised by Revenue that, based on stamp duty returns for 2024, the latest year for which fully analysed data are available, the estimated cost of abolishing stamp duty for first-time buyers is in the order of €60 million. This estimate is arrived at by taking the stamp duty returns for residential property purchases made by persons identifying themselves as first-time buyers,...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: I understand that the Deputy is referring to the proposed changes to Local Property Tax (LPT) approved by Government on 1 April. Further detail on these changes is available at: www.gov.ie/en/department-of-finance/press-releases/minister- donohoe-announces-changes-to-local-property-tax-to-ensure-fa irness/ LPT yield accrues to the Local Government Fund rather than the Exchequer. The...

Written Answers — Department of Finance: Tax Code (11 Jun 2025)

Paschal Donohoe: An “Exchange Traded Fund” or “ETF” is an investment fund that is traded on a regulated stock exchange. A typical ETF can be compared to a tracker fund in that it will seek to replicate a particular index. There is no separate taxation regime specifically for ETFs. ETFs, being collective investment funds, generally come within the regimes set out in the Taxes...

Written Answers — Department of Finance: Departmental Staff (11 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy that there were no retired Department of Finance officials re-engaged by the Department on a consultancy basis in the past four years or to date in 2025. In advance of any engagement, the Department requests that consultants declare any potential conflicts of interest.

Written Answers — Department of Finance: Tax Code (10 Jun 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 Reliefs (10 Jun 2025)

Paschal Donohoe: The position is that the tax treatment of maintenance payments varies depending on:whether the maintenance arrangement in place is legally enforceable or voluntary, andwhether the maintenance payment is made for the benefit of a spouse or for the benefit of a child. Section 1025 of the Taxes Consolidation Act (“TCA”) 1997 provides for the tax treatment of maintenance payments...

Written Answers — Department of Finance: Legislative Measures (10 Jun 2025)

Paschal Donohoe: Restrictive measures, or sanctions as they are colloquially referred to, are a tool of the EU's Common Foreign and Security Policy. Ireland implements EU sanctions, and UN sanctions are routinely also implemented via EU sanctions. EU sanctions have direct effect in all Member States of the EU, and they are legally binding on all natural and legal persons in Ireland. As such, a natural or...

Written Answers — Department of Finance: Fiscal Policy (10 Jun 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. Under the 2025 Programme for Government, we have committed to progress and publish an implementation...

Written Answers — Department of Finance: Customs and Excise (10 Jun 2025)

Paschal Donohoe: I am advised by Revenue that individual crew members on aircraft arriving from outside the European Union are allowed to bring in goods (including perfumes, gifts, souvenirs, clothing) free of duty, where the combined value of these goods does not exceed €430. In addition, they are allowed to bring goods free of duty, in all the categories shown below subject to the upper limits...

Written Answers — Department of Finance: Trade Data (10 Jun 2025)

Paschal Donohoe: According to the CSO, Ireland exported €420 million worth of whiskey to the US in 2023 and exported €410 million in 2024. In volume terms, Ireland’s whiskey exports to the US amounted to over 35,000 tonnes in 2023 and 34,000 tonnes in 2024. My Department’s analysis has focused on assessing the overall macroeconomic impact of tariffs rather than the potential...

Written Answers — Department of Finance: Departmental Data (10 Jun 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 has as an aim 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...