Results 381-400 of 33,829 for speaker:Paschal Donohoe

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

Paschal Donohoe: The extent to which a claimant benefits from a tax credit, through a reduced tax liability and/or receipt of a refund for overpayment of a tax liability, is determined by their gross tax liability and the use of other tax credits and reliefs. These numbers include both PAYE and self-assessed taxpayer units. A taxpayer unit is either an individual with any personal status who is singly...

Written Answers — Department of Finance: Insurance Industry (29 Jul 2025)

Paschal Donohoe: It is important to note that neither I, as Minister for Finance, nor the Central Bank of Ireland has the authority to intervene in the pricing or availability of individual insurance products. These are commercial matters for insurers, subject to prudential and conduct supervision under the EU’s Single Market framework, particularly the Solvency II Directive. The Government has...

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

Paschal Donohoe: Section 470 of the Taxes Consolidation Act ("TCA 1997") provides for tax relief in respect of payments made to authorised insurers under relevant contracts in respect of medical insurance and dental insurance. Income tax relief is granted up to the standard rate of tax (currently 20%), subject to certain limitations outlined below, on the amount of the premium, that covers benefits which...

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

Paschal Donohoe: Reserved contracts allow for a public body to reserve a contract, or elements of it, to certain types of suppliers and these are set out in Regulation 20 and 77 of the European Union (Award of Public Authority Contracts) Regulations 2016. Typically, these are not for profit organisations or those of a social enterprise nature. I can inform the Deputy that my Department has not used...

Written Answers — Department of Finance: Defective Building Materials (29 Jul 2025)

Paschal Donohoe: The Defective Concrete Products Levy (DCPL) is provided for in Part 18E of the Taxes Consolidation Act (TCA) 1997. The DCPL was introduced by section 99 of the Finance Act 2022, and was amended in section 93 of the Finance (No.2) Act 2023. The levy is calculated at 5% of the open market value of products within the charge of the levy on the date of their first supply. The concrete products...

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

Paschal Donohoe: I am advised by Revenue, that due to the low number of grocery retail chains with revenue in excess of €50 million annually, and fast-food chains with revenue in excess of €25 million annually, it is not possible to provide the estimate requested by the Deputy because of Revenue’s obligation to observe confidentiality. Further detail is available in Revenue’s...

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

Paschal Donohoe: The Ireland Strategic Investment Fund (ISIF), the Future Ireland Fund (FIF), and the Infrastructure, Climate and Nature Fund (ICNF), are invested by the National Treasury Management Agency (NTMA) according to investment strategies which consider ESG-based risks amongst other factors. The ISIF Sustainable and Responsible Investment Strategy sets out key information regarding the...

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

Paschal Donohoe: Prior to 2000, income tax allowed for full joint assessment of married couples. This meant that the earner in a single income couple could use the combined tax credits and standard rate band available to both individuals i.e. double the personal tax credit and rate band available to a single earner. As a result, where the primary earner of a couple had sufficient income to use the available...

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

Paschal Donohoe: Capital gains tax (CGT) may arise in respect of chargeable gains accruing on the disposal of an asset at the rate of 33%. The first €1,270 of chargeable gains of an individual in any year are exempt from CGT. From the details supplied, I understand that following a separation, one spouse moved out of the family home, no longer occupying it as their only or main residence from that...

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

Paschal Donohoe: I propose to take Questions Nos. 696 and 699 together. As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. In the Programme for Government 2025 it was pledged to support SMEs, particularly those in the retail and hospitality sectors, by...

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

Paschal Donohoe: I propose to take Questions Nos. 697 and 698 together. I wish to inform the Deputy that neither my department nor the bodies under its aegis has responsibility for capital funding programmes or grants as specified.

Written Answers — Department of Finance: Insurance Industry (29 Jul 2025)

Paschal Donohoe: At the outset, I wish to emphasise that Government remains actively engaged with the insurance industry to address the cost of public liability insurance. The most recent Central Bank National Claims Information Database (NCID) report on employers’ and public liability and commercial insurance shows that in 2023, 56 per cent of policies had a premium of less than €1,000, and 90...

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

Paschal Donohoe: The NTMA has informed me that the Ireland Strategic Investment Fund (ISIF) no longer holds Israeli Sovereign debt. Below are the holdings in Israeli sovereign debt as at year end for 2021 to 2024 inclusive as per the relevant NTMA Annual Report. Year Value 2021 €0.00m 2022 €2.69m 2023 ...

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

Paschal Donohoe: I propose to take Questions Nos. 702, 703 and 708 together. As the Deputy may or may not be aware, the EU Prospectus Regulation specifies that a prospectus must be drawn up, approved and published when securities are to be offered to the public or admitted to trading on a regulated market in the EU. It is a document that contains key information that potential investors would need to make...

Written Answers — Department of Finance: Insurance Industry (29 Jul 2025)

Paschal Donohoe: The previous Action Plan for Insurance Reform, published in 2020, delivered significant achievements, most notably the rebalancing of the Duty of Care, reforming the Injuries Resolution Board (formerly PIAB) and the introduction of new Personal Injuries Guidelines. There are clear indications that the market is responding to the Government reform agenda, with insurance now available in...

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

Paschal Donohoe: I am advised by Revenue that the table below sets out the number of claims for the Rent Tax Credit by PAYE taxpayer units by county for 2025 to 14th July 2025. Data on claims by self-assessed taxpayers are not yet available for 2025 as the filing deadline has not yet passed. The Deputy might also note that most claims for credits by PAYE taxpayers for the credit take place after the end of...

Written Answers — Department of Finance: British-Irish Co-operation (29 Jul 2025)

Paschal Donohoe: The tax treatment associated with cross-border working, which is within the remit of my Department, has been subject to ongoing discussions in recent years, particularly given the increase in remote working as a result of the Covid-19 pandemic. However, cross-border working gives rise to complex issues involving shared taxing rights between different jurisdictions. There are potential issues...

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

Paschal Donohoe: I propose to take Questions Nos. 709, 710, 753, 754, 755 and 756 together. In relation to 43649/25: I am advised by Revenue that the estimated cost of reversing the May 2025 increase to Carbon Tax on non-propellant fuels is shown in the following table: Period Carbon Tax €m VAT €m Total €m First Year 2025 3.6 ...

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

Paschal Donohoe: I propose to take Questions Nos. 711, 714 and 725 together. My Department updates its full suite of macroeconomic and fiscal projections twice a year, in the spring (Annual Progress Report) and autumn (Budget) publications. The macroeconomic forecasts incorporate the latest high frequency data, the impact of any revisions, changes in external demand, commodity prices etc. as well as any...

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

Paschal Donohoe: I wish to inform the Deputy that the breakdown of full-time equivalent staff directly employed by my Department as of the 30 June 2025 is detailed by grade in Table A below: Table A Grade FTE Secretary General 1.00 Assistant Secretary 7.00 Director 1.00 Principal Officer 32.00...