Results 441-460 of 33,055 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Credit Unions (27 May 2025)

Paschal Donohoe: Data provided by the Central Bank, based on extracts from unaudited information reported by credit unions, outlines the following positions as at 31 March 2023, 31 March 2024 and 31 March 2025 respectively: 2023 - The amount outstanding in house lending was €364.9m with an average loan size of €92,825. 2024 - The amount outstanding in house lending was €614.9m with an...

Written Answers — Department of Finance: Credit Unions (27 May 2025)

Paschal Donohoe: Data provided by the Central Bank, based on extracts from unaudited information reported by credit unions, outlines the following positions as at 31 March 2023, March 2024 and 31 March 2025 respectively: 2023 – The amount outstanding in business lending was €151.45m with an average loan size of €20,764. 2024 – The amount outstanding in business lending was...

Written Answers — Department of Finance: Credit Unions (27 May 2025)

Paschal Donohoe: Data provided by the Central Bank, based on extracts from unaudited information reported by credit unions, outlines the following positions as at 31 March 2023, 31 March 2024 and 31 March 2025 respectively: 2023 - The amount outstanding in personal lending was €5.261bn with an average loan size of €8,509. 2024 - The amount outstanding in personal lending was €5.814bn...

Written Answers — Department of Finance: Credit Unions (27 May 2025)

Paschal Donohoe: Firstly, I should clarify that I as Minister for Finance cannot give legal advice nor can I comment on individual cases. Similarly, the Central Bank is not in a position to provide legal advice or interpretative advice on legislation to the firms it regulates. However, I have set out some points in relation to your question below. In accordance with Section 53 of the Credit Union Act 1997...

Written Answers — Department of Finance: Tax Code (27 May 2025)

Paschal Donohoe: I am informed by Revenue that an approved retirement fund (ARF) is a post-retirement investment vehicle from which the proceeds of a pension fund can be paid into at retirement. ARFs are managed by a Qualified Fund Manager (QFM) who acts as the administrator for the fund. The ARF holder may draw down from their ARF at will, subject to income tax under Schedule E in the year of assessment. ...

Written Answers — Department of Finance: Vehicle Registration Tax (22 May 2025)

Paschal Donohoe: Section 135 of the Finance Act, 1992 provides that a vehicle which is temporarily brought into the State may be exempted from the requirement to be registered, if the vehicle is brought into the State by a person established outside the State. S.I. No. 60 of 1993, Temporary Exemption from Registration of Vehicles Regulations, 1993, sets out the criteria for eligibility for such exemption,...

Written Answers — Department of Finance: Freedom of Information (22 May 2025)

Paschal Donohoe: I am fully cognisant of the statutory obligations that apply under the Freedom of Information Act 2014 and am satisfied that records relating to government or official departmental business are retained in line with the requirements of the Act.

Written Answers — Department of Finance: Renewable Energy Generation (22 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 170 and 171 together. Micro-generation of electricity is the small-scale production of electricity by consumers who generate electricity at their own homes for their own consumption and sell the excess electricity produced to the grid. Section 216D of the Taxes Consolidation Act 1997 provides that profits of up to €400 per year arising to an...

Written Answers — Department of Finance: Departmental Schemes (22 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 172 and 173 together. The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. ...

Written Answers — Department of Finance: Departmental Staff (22 May 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department launched its Blended Working Policy on 1st July 2022. This policy was developed in line with the parameters of the Civil Service Blended Working Policy Framework. The office remains the principal workplace and blended working arrangements are agreed at a local level in each business unit. A key principle of the policy is that business needs...

Written Answers — Department of Finance: Departmental Equipment (22 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 175, 176 and 178 together. ICT services for my department are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure, Infrastructure, Public Services, Reform and Digitalisation. As part of this arrangement, my department uses Microsoft Teams as part of the department’s collaboration and...

Written Answers — Department of Finance: Departmental Equipment (22 May 2025)

Paschal Donohoe: ICT services for my department are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure, Infrastructure, Public Services, Reform and Digitalisation. As part of this arrangement, my department uses appropriate current versions of a range of enterprise cloud services across Infrastructure, Platform and Software as a Service as...

Written Answers — Department of Finance: Departmental Contracts (22 May 2025)

Paschal Donohoe: ICT services for my department are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure, Infrastructure, Public Services, Reform and Digitalisation. I am advised that the department’s internet service is provided through the Government Networks shared service which is delivered by the OGCIO. As such, my department does...

Written Answers — Department of Finance: Primary Medical Certificates (21 May 2025)

Paschal Donohoe: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as...

Written Answers — Department of Finance: Tax Collection (21 May 2025)

Paschal Donohoe: Interest on late payment of tax is a statutory charge which Revenue is obliged to apply. These statutory charges are designed to compensate the Exchequer for loss of revenue through late payment of tax, to encourage timely payments in future and to ensure fairness and equity for the vast majority of taxpayers who file and pay their taxes on time without any follow-up from Revenue. ...

Written Answers — Department of Finance: Tax Reliefs (21 May 2025)

Paschal Donohoe: Section 473A of the Taxes Consolidation Act 1997 (TCA) provides for income tax relief in respect of qualifying tuition fees paid by an individual for a third level education course (including a postgraduate course), subject to the conditions set out in that section. The relief is granted at the standard rate of income tax (currently 20%), where an individual pays “qualifying...

Written Answers — Department of Finance: Primary Medical Certificates (21 May 2025)

Paschal Donohoe: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as...

Written Answers — Department of Finance: Financial Services (21 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 35 and 42 together. The Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 (the 2015 Act) and the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018 (the 2018 Act) apply to the activity of credit servicing in relation to relevant credit agreements. The Consumer Protection (Regulation of Retail Credit and Credit Servicing...

Written Answers — Department of Finance: Financial Services (21 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 36, 37 and 38 together. Finance Act 2016 made certain changes to the taxation of qualifying companies, within the meaning of section 110 Taxes Consolidation Act 1997 (“TCA 1997”). The changes, which included the introduction of a new subsection (5A) in section 110, relate to the taxation of profits derived from the business of qualifying...

Written Answers — Department of Finance: Insurance Coverage (21 May 2025)

Paschal Donohoe: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. I am aware of the issue of under-insurance, which occurs when the sum insured on a property is less than the amount it would cost to rebuild or reinstate the property. According to the Central Bank of Ireland (CBI), this...