Results 461-480 of 33,055 for speaker:Paschal Donohoe

Written Answers — Department of Finance: National Asset Management Agency (21 May 2025)

Paschal Donohoe: As the Deputy will be aware, all NAMA staff are employed by the NTMA and assigned to NAMA under Section 42 of the NAMA Act of 2009. A Resolution Unit will be established and resourced by the NTMA, with responsibility for managing any residual activity of NAMA following its dissolution and any residual activity of IBRC (in Special Liquidation). It is anticipated that the Resolution...

Written Answers — Department of Finance: Dormant Accounts Fund (21 May 2025)

Paschal Donohoe: The “Funds Sector 2030: A Framework for Open, Resilient and Developing Markets”, published in October 2024, recommended that industry consider the feasibility and design of a scheme for existing and future dormant funds and funds with uncontactable investors. Such a scheme will incorporate a role for industry in supporting investors to trace unclaimed monies and identifying how...

Carbon Budget: Referral to Joint Committee (20 May 2025)

Paschal Donohoe: I move: That Dáil Éireann hereby refers the carbon budget prepared pursuant to section 6A of the Climate Action and Low Carbon Development (Amendment) Act 2021, copies of which were laid before Dáil Éireann on 19th May, 2025, to fulfil the requirements of section 6B(1)(a) of the Act, to the Joint Committee on Climate, Environment and Energy, which shall report its...

Presentation and Circulation of Revised Estimates: Motion (20 May 2025)

Paschal Donohoe: I move: That, notwithstanding Standing Order 222 of the Standing Orders of Dáil Éireann relative to Public Business or the Resolution of the Dáil of 1st April, 2025, the following Revised Estimates and Further Revised Estimate for Public Services for the year ending 31st December, 2025, be presented to the Dáil and circulated to members on 20th May, 2025, being a date...

An tOrd Gnó - Order of Business (20 May 2025)

Paschal Donohoe: Absolutely.

Written Answers — Department of Finance: Tax Reliefs (20 May 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 (“TCA”) provides for tax relief where an individual proves that they have 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”, will...

Written Answers — Department of Finance: Tax Code (20 May 2025)

Paschal Donohoe: The taxation of e-cigarettes and novel products, including e-liquids, is expected to be addressed at EU level through a revision of the Tobacco Tax Directive (2011/64/EU). However, the Commission’s proposals for revision of the Directive have been postponed on a number of occasions in the last few years, and in the meantime, a significant number of Member States (MS) have moved to...

Written Answers — Department of Finance: Insurance Industry (20 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, as set out in the Solvency II Directive. It is also important to...

Written Answers — Department of Finance: Tax Data (20 May 2025)

Paschal Donohoe: I am advised by Revenue that statistics in respect of Capital Gains Tax (CGT) for recent years, including information on specific asset disposals that give rise to taxable gains, is published on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/income-dist ributors/summary-of-capital-gains-tax-returns.pdf. However, as crypto-assets (including cryptocurrencies) are not...

Written Answers — Department of Finance: Tax Data (20 May 2025)

Paschal Donohoe: I am advised by Revenue that the estimated revenue that would be generated by introducing a second home charge of €750 is €271.5 million. This estimate is based on properties liable to Local Property Tax, excluding the first property for each liable person and excluding all other properties owned by Local Authorities and Approved Housing Bodies. Revenue does not hold adequate...

Written Answers — Department of Finance: State Bodies (20 May 2025)

Paschal Donohoe: The relevant State bodies under the aegis of my Department have provided the requested information in the below tables. This information is published in each of the bodies’ Annual Reports. It should be noted that the Irish Fiscal Advisory Council does not have a CEO position. Central Bank of Ireland 2020 2021 2022 2023 2024 2025...

Written Answers — Department of Finance: Tax Reliefs (20 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: Legislative Measures (20 May 2025)

Paschal Donohoe: The Finance (Provision of Access to Cash Infrastructure) Bill 2024 completed passage through the Seanad on 13 May 2025. As the Bill passed all stages in both Houses of the Oireachtas, it has been sent to Uachtarán na hÉireann to be signed into law. Once the Bill is enacted, attention will turn to commencing the legislation and the making of necessary regulations. I am informed by...

Written Answers — Department of Finance: Primary Medical Certificates (20 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: Fiscal Policy (20 May 2025)

Paschal Donohoe: The Economic and Fiscal Outlook is a document prepared by the Department of Finance incorporating the Department’s autumn macroeconomic and fiscal forecasts. It is published as part of the Budget each year. Separately, under the revised EU fiscal governance framework, Ireland, like all EU Member States, is required to prepare and publish a medium-term fiscal and structural plan...

Written Answers — Department of Finance: Fiscal Data (20 May 2025)

Paschal Donohoe: The Annual Progress Report (APR) was published on 6th May setting out my Department’s spring forecasts. The baseline macroeconomic forecasts published in the APR were produced during March and endorsed by the Irish Fiscal Advisory Council at end-March. The baseline forecasts were prepared on the basis of the tariff landscape in March and were calibrated on the assumption that no...

Written Answers — Department of Finance: Fiscal Data (20 May 2025)

Paschal Donohoe: Transfers from the Future Ireland Fund (FIF) and the Infrastructure, Climate and Nature Fund (ICNF) to the Exchequer increases Exchequer revenue. If this money is spent by the Exchequer, it increases Exchequer expenditure. The Exchequer, FIF and the ICNF all fall within the General Government sector. Transfers from the Exchequer to these two funds, or vice versa, do not affect the General...

Written Answers — Department of Finance: Fiscal Data (20 May 2025)

Paschal Donohoe: The main driver of the accrual of -€3,050 million in 2025, as presented in Annex 3 of the Annual Progress Report, is the adjustment related to the Court of Justice of the European Union (CJEU) ruling, which amounts to -€3.3 billion. According to the European System of Accounts, which is applicable to all EU Member States, all revenue from the CJEU ruling should be recorded in...

Written Answers — Department of Finance: Tax Reliefs (20 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. 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: Tax Data (20 May 2025)

Paschal Donohoe: The Deputy may be aware that my Department publishes a report on Tax Expenditure Evaluation each year. The latest report was published on Budget Day 2024, and is available at: assets.gov.ie/static/documents/tax-expenditures-in-ireland-2 024-report.pdf In addition, my Department also published Tax Expenditures Evaluation – Updated Guidelines (available at:...