Results 5,081-5,100 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Data (22 Sep 2022)

Paschal Donohoe: I am advised by Revenue that taxpayers can have income from both PAYE and non-PAYE sources of income, which are combined to arrive at their gross income. A breakdown of taxpayer units based on their personal status is available in respect of their gross income, however, such a breakdown is not available solely based on one element of their gross income, such as PAYE income as requested by the...

Written Answers — Department of Finance: Tax Collection (22 Sep 2022)

Paschal Donohoe: I am advised by Revenue that information in respect of Local Property Tax (LPT) payments for the year 2022 is published on the Revenue website with the most recent update having been made on 12 September 2022. Figures for tax collected over the course of a year can differ to tax collected in respect of a particular year, as payments of LPT can occur at different intervals. The recent...

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Tax Reliefs (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, in the Finance Act 2021, I enhanced and formalised the tax arrangements for working from home in line with Government policy to facilitate and support remote working. Accordingly, for the tax year 2022, Remote Working Relief provides an income tax deduction amounting to 30% of the cost of vouched expenses for electricity, heat and broadband in respect of those...

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: There is an energy crisis currently, affecting not only Ireland but also all of Europe. The war in Ukraine has led to volatility in energy markets and exacerbated supply constraints in the electricity market. I am well aware of the difficulties Irish households and businesses are going through arising from substantial increases in energy bills. It is clear the increase in energy prices...

Written Answers — Department of Finance: Tax Credits (22 Sep 2022)

Paschal Donohoe: The Incapacitated Child Tax Credit (ICTC) is provided for in section 465 of the Taxes Consolidation Act 1997 (TCA 1997) and is available to any individual who proves that he or she has living, at any time during a year of assessment, a child who: - if under the age of 18, is permanently incapacitated by reason of mental or physical infirmity to such an extent that there is a reasonable...

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Foreign Direct Investment (22 Sep 2022)

Paschal Donohoe: Ireland has long established itself as a market of choice for foreign direct investment and FDI makes a highly significant contribution to the domestic economy. Ireland’s ability to attract and retain FDI reflects our strong legal and regulatory landscape, our track record as a stable and pro-enterprise jurisdiction, and our talented and flexible workforce. These unique features...

Written Answers — Department of Finance: Mortgage Interest Rates (22 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 218 and 226 together. The price lenders charge for their loans is a commercial matter for individual lenders. As Minister for Finance I cannot determine the lending policies of individual banks including the interest rates they charge for loans including mortgages. I am aware that the general level of new lending interest rates in Ireland are higher...

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: I understand the Deputy is interested in Ireland’s borrowing and the monetary policy of the European Central Bank (ECB). The National Treasury Management Agency (NTMA) borrows to meet the Exchequer’s Borrowing Requirement regardless of whether the ultimate expenditure is capital or non-capital in nature. It should be noted that current and capital expenditure in Ireland is...

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: I would like to clarify that Ireland has no outstanding loans to the IMF. On 20 December 2017, the National Treasury Management Agency (NTMA) completed the early repayment of the full loan under the IMF's Extended Fund Facility (EFF).

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: The EU-IMF financial assistance programme for Ireland, formally agreed in late 2010, was a joint financing package in the amount of €85 billion and was made up of contributions from the International Monetary Fund (IMF), the European Union (EU), bilateral loans from the United Kingdom (UK), Sweden and Denmark, and Ireland own resources. The €85 billion programme was financed as...

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: While public debt increased sharply during the Covid-19 pandemic, the strides that had been made in the years prior to the crisis, alongside the low interest rate environment, meant that the State could borrow sustainably to mitigate the worst economic impacts of the necessary public health restrictions. Similarly, Ireland’s quick rebound in economic growth following the pandemic,...

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: I would like thank the Deputy for raising this important issue. From the outset, I would like to reaffirm that I remain fully committed to OECD Agreement. My long-standing position is that the international tax system needs to keep pace with changes in how business is conducted globally, and the overriding premise of the OECD agreement, signed by over 135 countries, is that a global...

Written Answers — Department of Finance: Interest Rates (22 Sep 2022)

Paschal Donohoe: Through the implementation of the Housing for All strategy, the Government plans to increase the supply of housing to an average of 33,000 per year over the next decade. This is an ambitious plan which will provide increased housing supply and affordability. While the plan is backed by unprecedented State investment, the Government cannot deliver on this programme alone. The only way we...

Written Answers — Department of Finance: Brexit Issues (22 Sep 2022)

Paschal Donohoe: My Government colleagues and I remain alert to the challenges and the potential economic impacts arising from Brexit, including paying particular attention to the effective implementation of the Trade and Cooperation Agreement (TCA) and to the Withdrawal Agreement, which includes the Protocol on Ireland and Northern Ireland. Following the appointment of a new UK Prime Minister and her...

Written Answers — Department of Finance: Economic Growth (22 Sep 2022)

Paschal Donohoe: Earlier this year, Ireland make a significant step forward by removing all remaining Covid-19 restrictions. With little evidence of permanent economic scarring, it seemed as though our economy would rebound strongly this year. However, the outlook quickly changed with Russia’s invasion of Ukraine, sparking an energy supply crisis and ensuing inflation. Our economy is now faced...

Written Answers — Department of Finance: Financial Instruments (22 Sep 2022)

Paschal Donohoe: Ireland enjoys an AA rating from all the major ratings agencies, with the exception of Moody’s, reflecting our track record of sound fiscal management. As the Deputy alludes to, we are living in deeply uncertain times. We have emerged from an unprecedented pandemic and now face a new challenge as the Russian war in Ukraine has resulted in inflation at levels not seen in many decades....

Written Answers — Department of Finance: Banking Sector (22 Sep 2022)

Paschal Donohoe: Over the last decade, we have seen a shift in the way consumers and businesses are paying and banking. While historically Ireland has been a relatively cash-intensive economy, advances in technology and changing customer demands have prompted a rapid increase in the take-up of electronic payments. The Covid-19 pandemic has acted as a potential catalyst for the move towards digital payments...

Written Answers — Department of Finance: Banking Sector (22 Sep 2022)

Paschal Donohoe: Banks and investment funds both have a positive role to play in providing financial services within the economy and wider society and can complement each other in this regard. Ireland, like our partners in the EU, will require significant funding into the future to address strategic priorities. In this regard the EU Capital Markets Union initiative - which aims to get investment and...