Results 461-480 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Ukraine War (19 Mar 2025)

Paschal Donohoe: I propose to take Questions Nos. 434, 436 and 437 together. The Deputy may wish to note that EU sanctions have direct effect in all Member States of the EU, and they are legally binding on all natural and legal persons. As such, a natural or legal person who contravenes a provision of an EU sanctions regulation would be guilty of an offence and liable to prosecution. In response to...

Written Answers — Department of Finance: Financial Irregularities (19 Mar 2025)

Paschal Donohoe: I propose to answer questions 12294 and 12297 together. Section 110 of the Taxes Consolidation Act creates a tax-neutral regime for bona fide securitisation and structured finance purposes. Ireland is not unique in having a specific regime for securitisation. Under Central Bank regulations, certain Section 110 companies may be required to publish a prospectus under the “Prospectus...

Written Answers — Department of Finance: Financial Irregularities (19 Mar 2025)

Paschal Donohoe: Section 110 of the Taxes Consolidation Act creates a tax-neutral regime for bona fide securitisation and structured finance purposes. Ireland is not unique in having a specific regime for securitisation. Under Central Bank regulations, certain Section 110 companies may be required to publish a prospectus under the “Prospectus Regulation” (Regulation (EU) 2017/1129). This...

Written Answers — Department of Finance: Tax Reliefs (19 Mar 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 (TCA 1997) provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. This is one of a range of tax reliefs and credits which are provided for in Part 15 of the TCA 1997 which reduce an individual’s Income Tax liability. Only "health expenses" incurred in the provision of...

Written Answers — Department of Finance: Credit Unions (19 Mar 2025)

Paschal Donohoe: The credit union sector is an important contributor to the housing market in the area of house lending and investment in social and affordable housing via the Credit Union Approved Housing Body (AHB) Fund. This is in addition to the provision of personal loans to fund home improvements and retrofit schemes. Credit union house lending has increased significantly, with 43% year on year growth...

Written Answers — Department of Finance: Insurance Industry (19 Mar 2025)

Paschal Donohoe: Firstly, I would like to acknowledge the impact of the damage caused by severe weather events on families, communities, and businesses. As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. In terms of the challenges associated with obtaining flood cover, the provision of...

Written Answers — Department of Finance: Tax Data (19 Mar 2025)

Paschal Donohoe: Although not registered for VAT, flat-rate farmers may be permitted, in certain limited situations, to claim a refund of the VAT incurred by them on particular inputs. The Value-Added Tax (Refund of Tax) (Flat-rate Farmers) Order 2012 (S.I. No. 201/2012) allows for refunds to be claimed on outlay incurred on: - the construction, extension, alteration or reconstruction of farm...

Written Answers — Department of Finance: Tax Reliefs (19 Mar 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. The legislation governing the HTB scheme is set out in section 477C of...

Written Answers — Department of Finance: Tax Reliefs (19 Mar 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...

Written Answers — Department of Finance: Artificial Intelligence (19 Mar 2025)

Paschal Donohoe: I can confirm for the Deputy that my Department follows the Government approved Interim Guidelines for the Use of Artificial Intelligence (AI) in the Public Service released in January 2024: www.gov.ie/en/publication/2127d-interim-guidelines-for-use-o f-ai/ In doing so, the Government recognised the opportunities AI presents to help improve the delivery of public services to our citizens....

Written Answers — Department of Finance: Tax Reliefs (19 Mar 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 the encouragement of additional supply of new houses by supporting demand. The relief takes the form of a rebate of income tax, including DIRT, paid in the State over the previous four tax years. The level of support...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (6 Mar 2025)

Paschal Donohoe: I am going to deal with this issue because it is an issue of such importance to Deputy Burke. He has raised it with me on a number of occasions in addition to raising it with the Minister for Health. As he knows at the moment the capitation fees that are paid to GPs in respect of nursing home residents are the highest paid in respect of any patient recognising the complexity of health needs...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (6 Mar 2025)

Paschal Donohoe: To return firstly to the previous matter raised by Deputy Michael Murphy, I acknowledge that he has been raising his issue with me but as the Minister for Health is here, I thought a direct response from her was perhaps more helpful to him. In response to Deputy O'Shea, I acknowledge the importance of the issue and thank him for raising it. I know an awful lot of work has happened on...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (6 Mar 2025)

Paschal Donohoe: Yesterday, the Government made a commitment regarding a State facility. It made this commitment in order to ensure we will have available to us emergency reserves that could be used if we find ourselves in a position where supply into our country is in some way threatened. We want to identify if there is any role for the private sector with regard to this. I emphasise that the announcement...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (6 Mar 2025)

Paschal Donohoe: I thank the Deputy for raising this issue in relation to Graiguenamanagh. The introduction of these flood relief schemes does two things. Firstly, it increases confidence in moments of flood risk. Secondly and most importantly, these schemes work. I have experience of flooding in my constituency on a very different scale from other parts of the country. I have seen at first hand the harm...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (6 Mar 2025)

Paschal Donohoe: The Government has redoubled its efforts regarding dereliction. The previous Government did so with the introduction of a number of grants that are being used in a very successful way to turn derelict properties into homes. There is a derelict sites register that is used at the moment. I am sure Galway County Council does not lack will regarding the issue. It sounds like the hotel...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (6 Mar 2025)

Paschal Donohoe: I agree with the Deputy. I disagree with him that the programme for Government does not contain a reference or a commitment in relation to that. It does.

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (6 Mar 2025)

Paschal Donohoe: The Deputy is correct that we have to accelerate our path to energy self-sufficiency and do that through green energy. The three ways in which we will do it are: first, through the support of MARA and the implementation of the new planning framework off the shores of our country; second, by continuing to put in place the investment that we are committed to putting in place in our ports and...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (6 Mar 2025)

Paschal Donohoe: I acknowledge the role that Deputy McCarthy is playing in trying to support the development of the IDA site in Fermoy. I agree with him regarding the potential it has and the important role it could play in supporting jobs in his community. The IDA is committed to looking at how good and productive use can be made of this site. While it has received some approaches, that has not yet...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (6 Mar 2025)

Paschal Donohoe: I thank the Deputy for raising the issue. I know that is the commitment with regard to the publication of these important guidelines. I am not aware if there is any reason why that deadline will not be met but I also know there is a new Minister in that Department, and I am sure the Minister, Deputy O'Brien, will want to consider this issue carefully. I am sure he will want to publish them...