Results 481-500 of 33,883 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Data (29 Jul 2025)

Paschal Donohoe: The National Treasury Management Agency (NTMA) has informed me that the below table lists ISIF’s exposure to companies involved in specified activities in the occupied Palestinian territories as listed on the UN Office of the High Commissioner for Human Rights database (the “UN Database”). YE 2022 YE 2023 YE 2024 ...

Written Answers — Department of Finance: Departmental Data (29 Jul 2025)

Paschal Donohoe: Liquid fuels used for motor or heating purposes are subject to excise duty in the form of Mineral Oil Tax (MOT). MOT comprises a carbon and a non-carbon component with the carbon component also being referred to as carbon tax. The application of carbon tax to petrol and auto-diesel was introduced in December 2009, followed by the extension of carbon taxation to other liquid fuels on 1 May...

Written Answers — Department of Finance: Departmental Inquiries (29 Jul 2025)

Paschal Donohoe: An annual levy was charged on pension schemes from 2011 to 2015 in accordance with section 125B Stamp Duties Consolidation Act 1999. The levy was introduced during the wake of the financial crash. It was charged on the market value of assets in pension schemes held on 30 June in each year at a rate of 0.6% (2011 to 2013), 0.75% (2014) and 0.15% (2015) and was discontinued from 2016. This levy...

Written Answers — Department of Finance: Departmental Budgets (29 Jul 2025)

Paschal Donohoe: I am advised by Revenue that the estimated VAT inclusive cost to the Exchequer of a 10% reduction in Alcohol Products Tax (APT) is €151m. This estimate assumes no change in consumer behaviour in response to a reduction in excise duty on alcohol. I am further advised that that details on APT, including total volumes, applicable excise rates, and total liabilities by commodity and...

Written Answers — Department of Finance: Tax Reliefs (29 Jul 2025)

Paschal Donohoe: The Government acknowledges the cost pressures on parents with young children. In recognition of these pressures, several support measures are already in place to ease the burden on working parents. These include various tax-exempted financial supports provided by the Minister for Children, Disability and Equality to assist parents to offset the costs of early learning and childcare. With...

Written Answers — Department of Finance: Departmental Meetings (29 Jul 2025)

Paschal Donohoe: The Deputy should note that from 23 January 2025 my officials have met with Irish Institutional Property or any of the subgroups it represents twice.

Written Answers — Department of Finance: Departmental Inquiries (29 Jul 2025)

Paschal Donohoe: As the Deputy will be aware, wealth is already taxed in a number of ways in Ireland. These include Capital Gains Tax (CGT), Capital Acquisitions Tax (CAT), and Local Property Tax. Certain forms of Stamp Duty also act as taxes on wealth in a number of ways, including that charged on the acquisition of the shares, stocks and marketable securities of Irish registered companies, and on the...

Written Answers — Department of Finance: Departmental Budgets (29 Jul 2025)

Paschal Donohoe: I am advised by Revenue that they have no statistical basis for compiling estimates in relation to a potential wealth tax. It is therefore not possible to provide the information requested by the Deputy on the estimated annual revenue from a wealth tax levied at 0.5% on assets over €1 million and 1% on assets over €2 million.

Written Answers — Department of Finance: Departmental Inquiries (29 Jul 2025)

Paschal Donohoe: The debt market has evolved in recent years with the reduction of the number of domestic banks providing development finance, the rise of alternative lenders and the increased involvement of State backed entities such as Home Building Finance Ireland (HBFI), the Housing Finance Agency (HFA) and investments enabling housing delivery through the Irish Strategic Investment Fund (ISIF). The...

Written Answers — Department of Finance: Departmental Data (29 Jul 2025)

Paschal Donohoe: The NTMA has informed me that the increase in the value of the Ireland Strategic Investment Fund (ISIF)'s sovereign bonds from year end 2023 to 2024 is as a result of a macro decision by ISIF to increase overall investment in global bond indices (which are diversified across many countries) in 2024. The relevant ISIF investment manager replicates the global bond indices and therefore the...

Written Answers — Department of Finance: Departmental Inquiries (29 Jul 2025)

Paschal Donohoe: I assume that the Deputy is referring to a situation where an increase in pension payments received by an individual brings the pension income into the charge to tax. Section 19 of the Taxes Consolidation Act 1997 (“TCA 1997”) provides that income from offices or employments, and from annuities, pensions, or stipends payable out of State funds, is within the charge to tax...

Ceisteanna ó Cheannairí - Leaders' Questions (17 Jul 2025)

Paschal Donohoe: Sure you do it all the time.

Ceisteanna ó Cheannairí - Leaders' Questions (17 Jul 2025)

Paschal Donohoe: Disgraceful.

Ceisteanna ó Cheannairí - Leaders' Questions (17 Jul 2025)

Paschal Donohoe: Yes.

Written Answers — Department of Finance: Departmental Schemes (17 Jul 2025)

Paschal Donohoe: I am advised by Revenue that under the Disabled Drivers and Passengers Scheme individuals or organisations who hold a Primary Medical Certificate may claim Vehicle Registration Tax (VRT) and Value-Added Tax (VAT) reliefs on specially adapted vehicles. The table below provides the value of VAT and VRT refunded or remitted under this scheme from 2014 to the end of June 2025. This information is...

Written Answers — Department of Finance: Fuel Inspections (17 Jul 2025)

Paschal Donohoe: In regard to financial services firms involvement in supporting fossil fuel investments in Ireland, I would respond by saying that addressing climate risks and supporting the transition to a carbon-neutral economy is a key part of financial regulation: the Central Bank of Ireland’s Strategy for 2025-27 sets this out clearly. Within the Bank, a climate change unit was...

Written Answers — Department of Finance: Tax Data (17 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: Public Procurement Contracts (17 Jul 2025)

Paschal Donohoe: I wish to advise the deputy that my department has records of four instances in the relevant time period where a procurement process occurred but there was no contract awarded. Given the low number of occurrences, we do not currently track these on a formal basis although in all of the cases the reasons for a contract not being awarded are understood. My department will monitor this going...

Written Answers — Department of Finance: Public Private Partnerships (17 Jul 2025)

Paschal Donohoe: I wish to inform the Deputy that my Department has not had any Public-Private Partnerships in the period since 2010.

Written Answers — Department of Finance: Tax Exemptions (17 Jul 2025)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law is obliged to comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within certain listed categories under Annex III of the Directive to which Member States may apply a...