Results 521-540 of 32,429 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Expenditure (19 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy, that the Department of Finance has had no overspends exceeding €500,000 on projects undertaken or commissioned by the Department in the timeframe specified. The Central Bank is a body under the aegis of my Department and have provided the requested information below. It was not possible for the National Treasury Management Agency to respond to the...

Written Answers — Department of Finance: Flexible Work Practices (19 Feb 2025)

Paschal Donohoe: I wish to inform the Deputy that there are no changes planned to my Department's Blended Working arrangements. My Department published its Blended Working Policy in July 2022 which was developed in line with the parameters of the Civil Service Blended Working Framework. The Department adopts a flexible and sustainable approach to remote working which allows staff to do so on a blended...

Written Answers — Department of Finance: Land Issues (19 Feb 2025)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. RZLT is designed to prompt residential development by owners of land that satisfies the relevant criteria for the tax, that being that the land is zoned for residential or mixed-use (including residential) purposes and that is serviced. RZLT is an annual tax, calculated at a rate...

Written Answers — Department of Finance: Departmental Contracts (19 Feb 2025)

Paschal Donohoe: I have been advised by the NTMA that since 24th March 2023 (the start date of the current 24 month contract), they have paid a total of €1,130,042 to Rothschild & Co. for work undertaken as independent financial advisor to the Department of Finance. This amount covers work undertaken on six separate successfully completed share sale transactions. It is important to note...

Written Answers — Department of Finance: Tax Avoidance (19 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 66 and 67 together. I am advised by Revenue that a total of 1,332 tax avoidance cases were closed (all in 2017) as a result of the application of the time limit, as set out in the response to Parliamentary Question No. 48 of 6 February 2025. A Revenue official has the right to make enquiries and make or amend assessments outside the normal four year...

Written Answers — Department of Finance: Rental Sector (18 Feb 2025)

Paschal Donohoe: Budget 2025 included a record €6 billion in capital spending for housing, including direct Exchequer spending, investment by the Land Development Agency and borrowing by the Housing Finance Agency. This level of public spending supports the State’s involvement in every aspect of housing — land purchase, construction, purchasing and funding. The State also heavily...

Written Answers — Department of Finance: State Claims Agency (18 Feb 2025)

Paschal Donohoe: In response to this question the NTMA have supplied me with the table below which shows all damages paid by the State Claims Agency between 01/01/2023 and 31/01/2025, by Incident/Hazard Category. All schemes are included. Incident/Hazard Category 2023 2024 2025 (to end Jan) Grand Total Clinical Care €275,923,353 ...

Written Answers — Department of Finance: Tax Code (18 Feb 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both gifts and inheritances. 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 not arise. In Budget 2025, the Group A threshold...

Written Answers — Department of Finance: Departmental Funding (18 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy, that neither my Department or any of the bodies under the aegis of the Department, received funding support for projects of any kind from the United States of America International Development for the period 2016 to date.

Written Answers — Department of Finance: Banking Sector (18 Feb 2025)

Paschal Donohoe: The total amount held on deposit with Irish resident Credit Institutions (including credit unions) as at end December 2024 was €324 billion, of which €159 billion relates to deposits from households and €87 billion relates to deposits from non-financial corporations. Further information can be found on the Central Bank website (see Table A.11.1 Deposits from Irish Private...

Written Answers — Department of Finance: Tax Code (18 Feb 2025)

Paschal Donohoe: The term “Exchange Traded Fund” or “ETF” is a general investment industry term that refers to a wide range of investments. ETF investments can take many different legal and regulatory forms even where they are established within the same jurisdiction. An ETF is an investment fund that is traded on a regulated stock exchange. A typical ETF can be compared to a...

Written Answers — Department of Finance: Banking Sector (18 Feb 2025)

Paschal Donohoe: The Central Bank of Ireland is responsible for the supervision of all regulated financial service providers. While it does not regulate or authorise firms on a product specific basis, firms which are involved in the general activity of providing credit or other type of financial accommodation to consumers, and which may include equity release type financial products such as lifetime...

Written Answers — Department of Finance: Departmental Staff (18 Feb 2025)

Paschal Donohoe: I wish to inform the Deputy that the gender breakdown in my Department in respect of Principal Officers, Assistant Secretaries and Secretary General is listed in Table A below: Table A Male Female Total Secretary General 1 0 1 Assistant Secretary 4 4 8 ...

Written Answers — Department of Finance: Rental Sector (18 Feb 2025)

Paschal Donohoe: The Rent Tax Credit ("RTC"), as provided for in section 473B of the Taxes Consolidation Act (“TCA”) 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. I am advised by Revenue that section 473B of the TCA, which provides for the RTC, is subject to a number of conditions. In relation...

Written Answers — Department of Finance: Regulatory Bodies (18 Feb 2025)

Paschal Donohoe: The Financial Services and Pensions Ombudsman (FSPO) is an independent and impartial statutory body that helps to resolve complaints from consumers, including small businesses and other organisations, about the conduct of regulated financial service providers and pension providers. It plays an important role in the robust consumer protection framework in place in Ireland to support...

Written Answers — Department of Finance: Pension Provisions (18 Feb 2025)

Paschal Donohoe: 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 under Schedule E. In addition, section 126 (2) TCA 1997 specifically provides that State Pension (contributory) are deemed to be emoluments to which Chapter 4 of Part 42 applies. ...

Written Answers — Department of Finance: Revenue Commissioners (18 Feb 2025)

Paschal Donohoe: Revenue currently operates 26 detector dog teams, including one team working on behalf of the Department of Agriculture, Food and the Marine. I am advised by Revenue that four new detector dog teams are due to begin training in Q2 of this year and will be fully operational by Q3, bringing Revenue’s complement of detector dog teams to 30. The year one cost of each detector dog team is...

Written Answers — Department of Finance: Primary Medical Certificates (18 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 (18 Feb 2025)

Paschal Donohoe: I take it the Deputy is referring to papers issued by the Deutsche Bundesbank and the Bank of England respectively. The Deutsche Bundesbank paper is as I understand it a paper which comments on the role of banks, non-banks and the central bank in the money creation process. The Bank of England’s paper comments on the creation of money in the modern economy. In very broad terms the...

Written Answers — Department of Finance: Fiscal Policy (18 Feb 2025)

Paschal Donohoe: 'Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’ has been a wide-ranging review of the funds and asset management sector.  The report was published on 22 October 2024.  The report made forty-two recommendations in total, including eight recommendations on the topic of retail investment. These include recommendations to better align the tax...