Results 481-500 of 32,429 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tidy Towns (25 Feb 2025)

Paschal Donohoe: As Minister for Finance, I welcome the innovative partnership between Irish Public Bodies Insurance and Local Authorities that will ensure that Tidy Towns have insurance to continue their work in keeping our towns clean, presentable and attractive for residents and visitors alike. Irish Public Bodies Insurance is working with a number of local authorities while the initiative is in its pilot...

Written Answers — Department of Finance: Social Enterprise Sector (25 Feb 2025)

Paschal Donohoe: Deputy, as you are aware after clarification sought on your question and your agreement, the question is being answered on the basis of "donations " rather than "grants". I am advised by Revenue that donations are treated differently depending on the category of the donor (an individual or a company) making the donation and whether the charity fully complies with the conditions laid down by...

Written Answers — Department of Finance: Primary Medical Certificates (25 Feb 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: Banking Sector (25 Feb 2025)

Paschal Donohoe: The Central Bank of Ireland (CBI) is the competent authority under the Prospectus Regulation. My officials have consulted with the CBI and they indicated by way of response that the law is clear on the matter. The CBI has to approve a prospectus for the offer of securities to the public where it meets the required standards of completeness, comprehensibility and consistency. The CBI also...

Written Answers — Department of Finance: Tax Reliefs (25 Feb 2025)

Paschal Donohoe: The Standard Capital Superannuation Benefit (“SCSB”) is a relief from income tax arising from a lump sum payment connected with the termination of an employment. SCSB is computed at 1/15th of a taxpayer’s average annual pay for the last 36 months in employment. Annual pay in this regard means pay from the employer and does not include any benefits paid by the Department...

Written Answers — Department of Finance: Departmental Consultations (25 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy that the schedule below lists engagements with external legal advisors and the related costs in 2023, 2024 and to date in 2025. Payments listed are inclusive of VAT. Such legal advice is privileged. As also detailed in the table below, a significant proportion of the costs incurred are subsequently recouped by the Department from the banking sector. ...

Written Answers — Department of Finance: Tax Yield (25 Feb 2025)

Paschal Donohoe: I am informed by Revenue that traders are not required to identify the VAT yield generated from the supply of specific services or specific VAT rates on their VAT returns. Therefore, it is not possible to provide an accurate estimate for the VAT yield generated from the sale of newspapers specifically. However, using third-party data sources, the VAT yield from the sale of newspapers in...

Written Answers — Department of Finance: Vacant Properties (25 Feb 2025)

Paschal Donohoe: The Programme for Government 2025 commits to introducing a new, all-of-government national housing plan to follow Housing for All. Any proposals in respect of new or existing measures will be considered in this context. Furthermore, it is a longstanding practice of the Minister for Finance not to comment on any tax matters that might be the subject of Budget decisions. Vacant Homes Tax...

Written Answers — Department of Finance: Tax Code (25 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 310, 311 and 312 together. Residential Zoned Land Tax (RZLT) applies to land zoned for residential development, which also has the necessary services in place for the development of housing. The aim of this tax is to increase the supply of land for building. It will be charged at 3% of the market value of the land every year. Agricultural land which is...

Written Answers — Department of Finance: Public Procurement Contracts (25 Feb 2025)

Paschal Donohoe: It was not possible for my Department to provide the information sought in the time available. I will, however, make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Public Procurement Contracts (25 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department had no spend in excess of the contract award for the public procurement tenders in each of the past five years. In accordance with Circular 05/2023, my Department advertises all competitions on eTenders above the national advertising threshold of €50,000 and, prior to 2023, all competitions above the then national advertising threshold...

Written Answers — Department of Finance: Student Accommodation (25 Feb 2025)

Paschal Donohoe: The Rent Tax Credit, as provided for in section 473B of the Taxes Consolidation Act 1997, was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. The Rent Tax Credit has played a valuable role in providing financial support to renters. In Budget 2025, the value of the credit was increased to €1,000 for...

Written Answers — Department of Finance: Revenue Commissioners (25 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 316 and 317 together. As I informed the Deputy during Oral Questions on 13 February last, the review referred to in Parliamentary Question No. 255 of 20 March 2024 refers to an internal compliance-based review undertaken by Revenue. Having regard to taxpayer confidentiality, any findings from Revenue’s compliance reviews are not for publication. ...

Written Answers — Department of Finance: Ministerial Responsibilities (25 Feb 2025)

Paschal Donohoe: A copy of the brief provided to me on my recent appointment as Minister for Finance and to the Minister of State at the Department of Finance is available on my Department’s website at: www.gov.ie/en/organisation-information/1413f6-ministerial-br ief/ On 29 January 2025, the Government, upon nomination of An Taoiseach, formally appointed Ministers of State and assigned their...

Written Answers — Department of Finance: Tax Code (25 Feb 2025)

Paschal Donohoe: The Programme for Government 2025 commits to introducing a new, all-of-government national housing plan to follow Housing for All. Any proposals for new measures will be considered in this context. Noting that as my colleague, the Minister for Housing, Local Government and Heritage, James Browne TD has responsibility for housing matters, it would be for his Department to seek the...

Written Answers — Department of Finance: Tax Code (25 Feb 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances that is payable by the beneficiary of the gift or inheritance on the value of the property received. The relationship between the person giving a gift or inheritance and the beneficiary determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. Any prior gift or...

Written Answers — Department of Finance: Housing Schemes (25 Feb 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 a key aim of the encouragement of 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...

Written Answers — Department of Finance: Rental Sector (25 Feb 2025)

Paschal Donohoe: The Residential Premises Rental Income Relief (RPRIR) introduced in 2024, provides relief, at the standard rate, on a portion of a landlord’s residential rental income. The relief is €3,000 in the tax year 2024, €4,000 in the tax year 2025 and €5,000 in the tax years 2026 and 2027, which is equivalent to a tax credit of up to €600, €800 and...

Written Answers — Department of Finance: Tax Yield (25 Feb 2025)

Paschal Donohoe: I am informed by Revenue that traders are not required to identify the VAT yield generated from the purchase or supply of specific goods and services nor are they required to distinguish specific VAT rates on their periodic VAT returns. Therefore, it is not possible to provide an accurate estimate for the VAT yield generated from construction services or building materials. However, using a...

Written Answers — Department of Finance: European Union (25 Feb 2025)

Paschal Donohoe: The Capital Markets Union (CMU) is a flagship project within EU financial services policy which aims to deepen and further integrate Europe’s capital markets, support growth and enhance the resilience of the financial system. For Ireland, CMU has the potential to widen the sources of available funding for our companies as well as provide opportunities for our export-oriented financial...