Results 421-440 of 33,883 for speaker:Paschal Donohoe

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...

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...