Results 381-400 of 32,924 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (13 May 2025)

Paschal Donohoe: As the Deputy will be aware, the Tax Policy Changes document referenced in his question includes detailed distributional analysis of the tax measures announced in the Budget. The distributional analysis incorporates tables demonstrating the impact of the Budget changes in respect of income tax, PRSI and USC on various household types, including single persons, married couples with and without...

Written Answers — Department of Finance: Tax Exemptions (13 May 2025)

Paschal Donohoe: Section 195 of the Taxes Consolidation Act 1997 (TCA 1997) empowers Revenue to make a determination that certain artistic works are original and creative works generally recognised as having cultural or artistic merit. In accordance with the provisions of section 195, the Arts Council and the Minister for Arts, Heritage and the Gaeltacht have drawn up guidelines for determining whether a...

Written Answers — Department of Finance: Tax Exemptions (13 May 2025)

Paschal Donohoe: In line with best practice and as with all such proposals for the introduction of new tax measures or the amendment of existing tax reliefs through the tax system, proposals must be assessed in accordance with the Department of Finance’s Tax Expenditure Guidelines. These make clear the importance that any policy proposal which involves tax expenditures should only occur in limited...

Written Answers — Department of Finance: Tax Data (13 May 2025)

Paschal Donohoe: I am advised by Revenue that there has been no change in the legislation or in Revenue’s treatment of payments made to individuals by sporting bodies, clubs, etc., where those individuals provide services as coaches, referees, or who work at summer camps, etc. For the many individuals who volunteer at sports clubs and bodies around the country, there are no tax implications, as...

Written Answers — Department of Finance: Tax Reliefs (13 May 2025)

Paschal Donohoe: I would begin by saying that I am aware that the Irish economy, in common with others, continues to be reliant on fossil-fuel for the greater proportion of its energy. This means that most companies, including financial institutions, hold investments in activities that involve fossil fuel usage. Specifically in relation to financial institutions, as the Deputy may know, addressing climate...

Written Answers — Department of Finance: Customs and Excise (13 May 2025)

Paschal Donohoe: I am advised by Revenue that details on Alcohol Product Tax, including total volumes, applicable excise rates, and total liabilities by commodity and accounting period are available on the Revenue website at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/alcohol/alcohol-products-tax.aspx. It is estimated that increasing current rates by 5%,...

Written Answers — Department of Finance: Programme for Government (13 May 2025)

Paschal Donohoe: The Programme for Government includes a commitment to collaborate with industry in exploring the establishment of a National Fintech Hub with the aim of fostering innovation and supporting fintech initiatives. Department of Finance officials are carrying out research and continue to engage with industry in exploring the possibilities for a National Fintech Hub.

Written Answers — Department of Finance: Programme for Government (13 May 2025)

Paschal Donohoe: As announced by my colleague Mr. Jack Chambers T.D., Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation on 16 April the Government has agreed to a series of actions to accelerate the delivery of strategic infrastructure. Included in these actions is a role for the NTMA. The NTMA, including through its National Development Finance Agency business...

Written Answers — Department of Finance: Departmental Bodies (13 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 470, 471, 472, 473, 474, 475 and 476 together. I wish to advise the Deputy that there are no non-governmental organisations under the aegis of my Department.

Written Answers — Department of Finance: Departmental Funding (13 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 477 and 478 together. I wish to advise the Deputy that there are no non-governmental organisations under the aegis of my Department.

Written Answers — Department of Finance: Tax Reliefs (13 May 2025)

Paschal Donohoe: As the Deputy is aware the current thresholds for the income tax age exemption are €18,000 per annum where an individual is aged 65 years or over, and €36,000 per annum for married couples and civil partners, jointly assessed to tax, where either individual is aged 65 or over. The relevant income thresholds may be increased further if the individual has a qualifying child....

Written Answers — Department of Finance: Tax Data (13 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 480 and 481 together. Capital Acquisitions Tax (“CAT”) was first introduced in 1976 and includes gift tax, inheritance tax and discretionary trust tax. When introduced, it presented a significant change from the previous system of ‘death duties’ which imposed a tax on the estate of the deceased. In contrast, CAT is a...

Written Answers — Department of Finance: Tax Credits (13 May 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses, incurred in the provision of “health care”, which has been carried out or advised by (in certain circumstances) a qualified practitioner. A practitioner is defined as "any person who is:registered in the...

Written Answers — Department of Finance: Housing Schemes (13 May 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. 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...

Written Answers — Department of Finance: Departmental Bodies (13 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 484, 485, 486 and 487 together. Credit Review is governed by S.I Number 127 of 2010 and does not have a Board structure. The Head of Credit Review has a professional accounting qualification. Irish Bank Resolution Corporation (IBRC) is in special liquidation and does not have a board. The joint special liquidators (“SLs”), Kieran Wallace and...

Written Answers — Department of Finance: National Asset Management Agency (13 May 2025)

Paschal Donohoe: I can advise the Deputy that the remuneration of the CEO of NAMA is determined by the NTMA CEO after consultation with the NAMA Board, who are informed by the views of the remuneration committee. In relation to the salary of the CEO of NAMA, the NAMA remuneration committee makes recommendations to the NAMA Board having regard, inter alia, to requirements of the Code of Practice for the...

Written Answers — Department of Finance: Tax Code (13 May 2025)

Paschal Donohoe: The Domicile Levy was introduced in the Finance Act 2010. The purpose of the levy is to ensure that Irish domiciled individuals with substantial income and assets located in the State make a contribution to the exchequer. The levy applies to a “relevant individual”, which means an individual:who is domiciled in Ireland in the tax year,whose world-wide income in the tax year...

Ceisteanna ó Cheannairí - Leaders' Questions (8 May 2025)

Paschal Donohoe: Too busy standing up to journalists.

Written Answers — Department of Finance: Departmental Data (8 May 2025)

Paschal Donohoe: This Parliamentary Question has been transferred by the Minister of Enterprise, Trade and Employment as it relates to tax matters. Capital Acquisition Tax (CAT) heritage-based exemptions that the Deputy is referring to include, as part of their eligibility conditions, a requirement that “reasonable facilities for viewing” are provided in respect of the heritage object, or...

Written Answers — Department of Finance: Insurance Industry (8 May 2025)

Paschal Donohoe: As the Deputy will be aware, neither I as Minister for Finance nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive). However, I am aware that the cost of...