Results 521-540 of 34,380 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tobacco Control Measures (14 Oct 2025)

Paschal Donohoe: The E-liquid Products Tax (EPT), as legislated for in Chapter 1 of Part 2 of the Finance Act 2024, will come into effect from 1 November 2025. Under the new law, the EPT will apply to both nicotine-containing and non-nicotine-containing e-liquid products at a single flat rate of 50 cent per millilitre of e-liquid. The introduction of the EPT underlines Ireland’s ongoing commitment...

Written Answers — Department of Finance: Budget 2026 (14 Oct 2025)

Paschal Donohoe: Per Budget 2026, the second reduced VAT rate of 9% will apply to services provided by hairdressers from 1 July 2026. This measure will extend to all hairdressing services including those provided by Beauty Salons. The Deputy should be aware that all VAT legislation must comply with all provisions of the EU VAT Directive which holds that all goods and services are liable at the standard...

Written Answers — Department of Finance: Departmental Reports (14 Oct 2025)

Paschal Donohoe: Details of studies, research and reports commissioned by my Department are set out in the attached table. Year Studies, research and reports commissioned Organisation commissioned Total Cost (Ex VAT) Number of reports finalised Date reports yet to be released provided to Minister Modelling of the multinational...

Written Answers — Department of Finance: Tax Data (14 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 362 and 363 together. VAT operates across the EU in accordance with a common framework set by EU VAT law, with which Irish VAT law is required to comply. VAT is a consumption tax, levied on the cost of a good or service. However, it is designed so that the supplier, and not the consumer, is obliged to account for the tax. The VAT on the supply is based...

Written Answers — Department of Finance: Tax Data (14 Oct 2025)

Paschal Donohoe: I am advised by Revenue that the amounts collected in Carbon Tax in each month since its establishment are shown in the following tables. Month 2025* 2024 2023 2022 Jan 92.0 85.6 78.2 64.5 Feb 106.4 100.8 61.6 70.6 Mar 104.9 ...

Written Answers — Department of Finance: Housing Schemes (14 Oct 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 aims to encourage additional supply of new houses by supporting demand. HTB provides a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the...

Written Answers — Department of Finance: Pensions Reform (14 Oct 2025)

Paschal Donohoe: The Interdepartmental Pensions Reform and Taxation Group (IDPRTG) was established to carry out a number of tasks set out in the Roadmap for Pensions Reform 2018-2023. The Roadmap set out the need to promote long-term pension saving to address income adequacy in retirement, in particular for low income earners. The IDPRTG is chaired by the Department of Finance and includes representatives...

Written Answers — Department of Finance: Departmental Expenditure (14 Oct 2025)

Paschal Donohoe: The information sought by the Deputy is set out in the attached document.

Written Answers — Department of Finance: Tax Data (14 Oct 2025)

Paschal Donohoe: Interest may be received without paying Deposit Interest Retention Tax (“DIRT”) in certain circumstances. Where an individual, or their spouse/civil partner, is aged over 65 and their total income, including gross deposit interest does not exceed the annual exemption limit, as provided for in section 188 Taxes Consolidation Act (TCA), their deposit interest earnings are exempt...

Written Answers — Department of Finance: Tax Reliefs (14 Oct 2025)

Paschal Donohoe: The Living City Initiative (LCI) is a targeted measure which is aimed at very specific areas in urgent need of regeneration, it is provided for under sections 372AAA to 372AAD of the Taxes Consolidation Act 1997. It currently offers income or corporation tax relief for qualifying expenditure incurred in the refurbishment and conversion of qualifying residential and commercial buildings...

Written Answers — Department of Finance: Tax Data (14 Oct 2025)

Paschal Donohoe: I understand the Deputy is asking about the Green Budgeting methodology. My Department conducts green budgeting as part of the annual Budget process, as traditional measures of economic performance do not fully capture the specific impacts of climate and environmental policies on the public finances. Green budgeting is the process of documenting the impact of budgetary measures and wider...

Written Answers — Department of Finance: Budget 2026 (14 Oct 2025)

Paschal Donohoe: In Budget 2026, I announced the introduction of a new Derelict Property Tax (DPT). The aim of this tax will be to encourage the activation of derelict properties. This tax will replace the Derelict Sites Levy and will be collected by the Revenue Commissioners. Currently, the Derelict Sites Levy is an annual levy of 7% of the land’s market value. The rate of DPT is yet to be determined;...

Written Answers — Department of Finance: Tax Data (9 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 135 and 151 together. The Economic and Fiscal Outlook document published as part of Budget 2026 sets out the latest fiscal projections. It provides an update regarding the impact on revenues from the OECD’s Two Pillar Framework and notes that international tax negotiations are still ongoing. An estimate of c. €3 billion for next year was...

Written Answers — Department of Finance: Tax Data (9 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 136, 137, 138, 139, 160, 161, 162, 163 and 164 together. The Carbon Tax is an environmental tax on fossil fuels based on the polluter pays principle. Finance Act 2020 legislated for annual increases to the carbon tax of €7.50 up until 2029 and €6.50 in 2030, when the rate will reach €100 per tonne of carbon dioxide. This multi-annual...

Written Answers — Department of Finance: Tax Data (9 Oct 2025)

Paschal Donohoe: The 2020 Programme for Government committed to bringing in a targeted taxation regime to specifically discourage vaping and e-cigarettes, in order to support health and well-being objectives. The E-liquid Products Tax, legislated for in Finance Act 2024 and due to commence on 1 November 2025, achieves that aim. Although e-cigarettes may be used as a cessation device in some instances,...

Written Answers — Department of Finance: Tax Reliefs (9 Oct 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 provides for tax relief where an individual proves they have incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which have been carried out or advised by a practitioner, will qualify for tax relief. Broadly, “health care” is...

Written Answers — Department of Finance: Departmental Data (9 Oct 2025)

Paschal Donohoe: The Ireland Strategic Investment Fund (ISIF) portfolio is constructed within the legislative framework set for it by the Oireachtas. ISIF has, to date, completed several divestment programmes and excluded investments from the Fund. Exclusion is used on a limited basis, reflecting exclusions mandated by legislation including the Fossil Fuel Divestment Act 2018 and the Cluster Munitions...

Written Answers — Department of Finance: Departmental Contracts (9 Oct 2025)

Paschal Donohoe: I can inform the Deputy of the following completed external consultancy contracts, that have been entered into by the Department of Finance where the final cost is known. My department endeavours to use internal resources insofar as possible however there are instances where external resources are required. My department complies with EU and Irish regulations and guidelines in the procuring...

Written Answers — Department of Finance: Tax Credits (9 Oct 2025)

Paschal Donohoe: Environmental taxes, including on auto fuels, are an important policy lever for Government in both raising revenues and supporting climate policy. The use of carbon tax revenues plays an important role in insulating the most vulnerable from the increases in the tax and in supporting decarbonisation and energy efficiency programmes across buildings, agriculture and transport. Accordingly,...

Written Answers — Department of Finance: Revenue Commissioners (9 Oct 2025)

Paschal Donohoe: I am informed by Revenue that tax compliance programmes are kept under constant review to ensure that they are focused on the areas of greatest risk, including risks from the shadow economy. Challenging shadow economy activity and actively restricting opportunities for deliberate tax and duty evasion continues to be an organisational priority for Revenue. Since 2021, a sectoral shadow economy...