Results 521-540 of 33,055 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Funding (13 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 477 and 478 together. I wish to advise the Deputy that there are no non-governmental organisations under the aegis of my Department.

Written Answers — Department of Finance: Tax Reliefs (13 May 2025)

Paschal Donohoe: As the Deputy is aware the current thresholds for the income tax age exemption are €18,000 per annum where an individual is aged 65 years or over, and €36,000 per annum for married couples and civil partners, jointly assessed to tax, where either individual is aged 65 or over. The relevant income thresholds may be increased further if the individual has a qualifying child....

Written Answers — Department of Finance: Tax Data (13 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 480 and 481 together. Capital Acquisitions Tax (“CAT”) was first introduced in 1976 and includes gift tax, inheritance tax and discretionary trust tax. When introduced, it presented a significant change from the previous system of ‘death duties’ which imposed a tax on the estate of the deceased. In contrast, CAT is a...

Written Answers — Department of Finance: Tax Credits (13 May 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses, incurred in the provision of “health care”, which has been carried out or advised by (in certain circumstances) a qualified practitioner. A practitioner is defined as "any person who is:registered in the...

Written Answers — Department of Finance: Housing Schemes (13 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: Departmental Bodies (13 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 484, 485, 486 and 487 together. Credit Review is governed by S.I Number 127 of 2010 and does not have a Board structure. The Head of Credit Review has a professional accounting qualification. Irish Bank Resolution Corporation (IBRC) is in special liquidation and does not have a board. The joint special liquidators (“SLs”), Kieran Wallace and...

Written Answers — Department of Finance: National Asset Management Agency (13 May 2025)

Paschal Donohoe: I can advise the Deputy that the remuneration of the CEO of NAMA is determined by the NTMA CEO after consultation with the NAMA Board, who are informed by the views of the remuneration committee. In relation to the salary of the CEO of NAMA, the NAMA remuneration committee makes recommendations to the NAMA Board having regard, inter alia, to requirements of the Code of Practice for the...

Written Answers — Department of Finance: Tax Code (13 May 2025)

Paschal Donohoe: The Domicile Levy was introduced in the Finance Act 2010. The purpose of the levy is to ensure that Irish domiciled individuals with substantial income and assets located in the State make a contribution to the exchequer. The levy applies to a “relevant individual”, which means an individual:who is domiciled in Ireland in the tax year,whose world-wide income in the tax year...

Ceisteanna ó Cheannairí - Leaders' Questions (8 May 2025)

Paschal Donohoe: Too busy standing up to journalists.

Written Answers — Department of Finance: Departmental Data (8 May 2025)

Paschal Donohoe: This Parliamentary Question has been transferred by the Minister of Enterprise, Trade and Employment as it relates to tax matters. Capital Acquisition Tax (CAT) heritage-based exemptions that the Deputy is referring to include, as part of their eligibility conditions, a requirement that “reasonable facilities for viewing” are provided in respect of the heritage object, or...

Written Answers — Department of Finance: Insurance Industry (8 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 (the Solvency II Directive). However, I am aware that the cost of...

Written Answers — Department of Finance: Tax Data (8 May 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: Information and Communications Technology (8 May 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department has not undertaken or commissioned IT projects in excess €1 million in the timeframe specified. The Central Bank of Ireland was unable to provide the requested information in the timeline available. A follow up response will be provided in line with standing orders. The remaining bodies under the aegis of the Department have advised as...

Written Answers — Department of Finance: Departmental Schemes (8 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: Tax Data (8 May 2025)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides repayment or remission of Vehicle Registration Tax (VRT) and Value Added Tax (VAT), up to certain limits, on the purchase or adaption of a vehicle for the transport of a person with specific severe and permanent physical disabilities is currently under review. The maximum allowable limits of VRT and VAT relief under the Scheme are...

Written Answers — Department of Finance: Tax Data (8 May 2025)

Paschal Donohoe: I note the Deputy’s query regarding the expiration of tax measures in 2025 and 2026. My Department hold and maintain a master list of all tax expenditures. This master list is reported on in the annual Tax Expenditures in Ireland Report, (the latest Report is available here: ). The master list is published in Annex 1 of this report. It may also be of interest to the Deputy that on 1...

Written Answers — Department of Finance: Tax Code (8 May 2025)

Paschal Donohoe: As the Deputy is aware Section 114 of the Taxes Consolidation Act (“TCA”) 1997 provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. I am informed by Revenue that the flat rate expense (“FRE”) regime is operated by Revenue on an administrative...

Written Answers — Department of Finance: Financial Services (8 May 2025)

Paschal Donohoe: The Central Bank of Ireland, as Regulator, collects the data, and has provided the Department with the following information: Out of the total population of dormant funds authorised by the Central Bank of Ireland which have not applied for revocation, a total of 32 funds have non-zero assets under management (AUM) totalling €102m. This accounts for less than 0.01% of total AUM of...

Written Answers — Department of Finance: Tax Exemptions (8 May 2025)

Paschal Donohoe: The Capital Acquisition Tax (CAT) heritage-based exemptions that the Deputy is referring requires as part of eligibility conditions, that “reasonable facilities for viewing” are provided in respect of the heritage object, or heritage house or garden, as the case may be. In relation to the Deputy’s question as to the total number of times a Capital Acquisitions Tax...

Written Answers — Department of Finance: Tax Collection (8 May 2025)

Paschal Donohoe: I am advised by Revenue that, as its payroll records do not contain data in relation to minimum wage earners in terms of hours worked or the hourly wage, it has no data from which to provide an estimate as requested by the Deputy.