Results 41-60 of 33,848 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Levy (2 Oct 2025)

Paschal Donohoe: As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” That report set out 42 recommendations to cement Ireland’s position as a leading global hub for funds and asset management. This report sets out a series of recommendations to ensure that, in pursuit of continued growth in the...

Written Answers — Department of Finance: Tax Code (2 Oct 2025)

Paschal Donohoe: As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” This report sets out 42 recommendations to ensure that, in pursuit of continued growth in the funds and asset management sector, Ireland’s funds sector framework remains resilient, future-proofed, supportive of financial stability...

Written Answers — Department of Finance: Fiscal Policy (2 Oct 2025)

Paschal Donohoe: The Government is aware of the recent announcement of new US tariffs, including those on patented pharmaceuticals. It is important to stress, however, that the EU-US Joint Statement was unambiguous with respect to pharmaceuticals. Any new tariffs announced by the US on pharmaceuticals following the conclusion of the Section 232 investigation would not exceed 15 per cent for pharmaceutical...

Written Answers — Department of Finance: Tax Reliefs (2 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 267 and 268 together. Finance Act 2023 introduced the Mortgage Interest Tax Relief (MITR). The MITR was originally made available for the 2023 year of assessment. However, in Finance Act 2024, it was extended to include the year 2024. The relief is available to homeowners with an outstanding mortgage balance between €80,000 and €500,000 as...

Written Answers — Department of Finance: Legislative Measures (2 Oct 2025)

Paschal Donohoe: My Department, the Department of Health and Revenue have, for some time, been aware of issues which arose from contractual arrangements within the General Practitioner (GP) community whereby some GPs treat income under their General Medical Services (GMS) contract as income of a GP practice in which they are a partner or an employee, rather than income of that individual GP. In accordance...

Written Answers — Department of Finance: Tax Code (1 Oct 2025)

Paschal Donohoe: I am advised by Revenue that, in accordance with section 114 of the Taxes Consolidation Act 1997 (TCA), where an employee is necessarily obliged to incur and defray out of the emoluments of the employment expenses of travelling in the performance of the duties of the employment, or otherwise to expend money wholly, exclusively and necessarily in the performance of those duties, there may be...

Written Answers — Department of Finance: Tax Exemptions (1 Oct 2025)

Paschal Donohoe: It is assumed that the Deputy is referring to the charitable tax exemption, which may apply to religious organisations. The Deputy will be aware that my Department publish an annual report on tax expenditures. The most recent report, “Tax Expenditures in Ireland – 2025 Report”, was published in July and is available here:...

Written Answers — Department of Finance: Tax Exemptions (1 Oct 2025)

Paschal Donohoe: The Charities Regulator was established in 2014 and is Ireland’s national statutory regulator for charitable organisations. All charities must submit an Annual Report to the Charities Regulator, detailing the activities and finances for the previous year. The report informs the public and donors of:what the charity has done over the previous 12 months to further its charitable...

Written Answers — Department of Finance: Budget 2026 (1 Oct 2025)

Paschal Donohoe: The Minister for Finance and officials received and have considered the issues raised in the Budget 2026 submission by the Irish Farmers Association. As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Departmental Correspondence (1 Oct 2025)

Paschal Donohoe: In relation to proposals to assist in advancing the decarbonisation of the transport sector in Ireland, it is important to note that the existing vehicle tax structures in the State have a strong environmental rationale, with the more pollutant, fossil-fuelled cars paying higher rates of tax, between motor tax, benefit-in-kind (BIK) and vehicle registration tax (VRT). In contrast,...

Written Answers — Department of Transport, Tourism and Sport: Public Transport (30 Sep 2025)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. I would note, however, that the Taxsaver scheme, as provided for in section 118(5A) of the Taxes Consolidation Act 1997 (TCA), offers an exemption from benefit-in-kind (BIK) where an employer...

Written Answers — Department of Transport, Tourism and Sport: Tax Reliefs (30 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 315 and 334 together. As the Deputies will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. In the Programme for Government 2025 it was pledged to support SMEs, particularly those in the retail and hospitality sectors, by...

Written Answers — Department of Transport, Tourism and Sport: Mortgage Interest Rates (30 Sep 2025)

Paschal Donohoe: The number of taxpayer units who benefitted from the MITR in 2023 was 52,320, and the cost was estimated at €35.4 million. This is the first year the credit was claimable and is the latest year for which data is available, as the 2024 Form 11 filing deadline for self-assessed taxpayers has not yet passed. These figures are published in Revenue's Cost of Tax Expenditures publication,...

Written Answers — Department of Transport, Tourism and Sport: Tax Reliefs (30 Sep 2025)

Paschal Donohoe: Finance Act 2022 introduced Accelerated Capital Allowance (ACA) scheme for capital expenditure incurred on the construction of slurry storage facilities by farmers who carry on the trade of farming. This allows for qualifying capital expenditure incurred on the construction of slurry storage buildings and associated equipment to be written off at a rate of 50 percent per annum over a period...

Written Answers — Department of Transport, Tourism and Sport: Tax Reliefs (30 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the cost of extending the young trained farmer stamp duty relief for 2026 cannot be costed as it is not possible to forecast how many people will avail of the relief in 2026. I am advised however, that the cost of the young trained farmer stamp duty relief in 2024 was €19.8m. Further information is available on the Revenue website here: .

Written Answers — Department of Transport, Tourism and Sport: Tax Reliefs (30 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the cost of extending the farm consolidation stamp duty relief for 2026 cannot be costed as it is not possible to forecast how many people will avail of the relief in 2026. I am advised however that the cost of the farm consolidation stamp duty relief in 2024 was €1.5m. Further information is available on the Revenue website here: .

Written Answers — Department of Transport, Tourism and Sport: Tax Reliefs (30 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the cost of extending farm restructuring CGT relief for 2026 cannot be provided as it is not possible to forecast how many people will avail of the relief in 2026. Furthermore, I am advised that the cost of farm restructuring CGT relief for 2023 (Latest year for which data is available) was €0.8m. Further information is available on the Revenue website here: .

Written Answers — Department of Transport, Tourism and Sport: Budget 2026 (30 Sep 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 Transport, Tourism and Sport: Departmental Data (30 Sep 2025)

Paschal Donohoe: I wish to advise the Deputy that ICT services for my Department are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure, Infrastructure, Public Services, Reform and Digitalisation. I have been advised that the Minister for Public Expenditure, Infrastructure, Public Services, Reform and Digitalisation will issue a full...

Written Answers — Department of Transport, Tourism and Sport: Energy Prices (30 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law is required to comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate, which in Ireland is currently 23%, unless they come within provisions that permit the application of a lower rate. On this basis, Ireland has...