Results 41-60 of 33,967 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Budget 2026 (21 Oct 2025)

Paschal Donohoe: The Government has committed to the delivery of over 300,000 homes by the end of 2030 as per the agreed upon Programme for Government. In line with this, the revised National Planning Framework outlines that increased density, compact growth, and greater social cohesion through the building of more apartments, especially in urban centers, as a key policy objective. Analysis from both the...

Written Answers — Department of Finance: Tax Data (21 Oct 2025)

Paschal Donohoe: I understand this question relates to a proposed amendment, in Finance Bill 2025, to the participation exemption set out in section 831B of the Taxes Consolidation Act 1997. Section 831B was introduced by Finance Act 2024 and provides a corporation tax exemption to a parent company that receives a qualifying dividend or other type of distribution from a subsidiary that is tax resident in...

Written Answers — Department of Finance: Departmental Inquiries (21 Oct 2025)

Paschal Donohoe: Mr Masato Kanda was elected as the President of the Asian Development Bank (ADB) in November 2024 and assumed office on 24 February 2025. Since his appointment I have not had the opportunity to speak with President Kanda.

Written Answers — Department of Finance: Budget 2026 (21 Oct 2025)

Paschal Donohoe: Chapter 3 of the Budget 2026 Expenditure Report includes the 2026 allocation for each Vote analysed per programme expenditure. The Report also includes an analysis of the 2026 administration cost per subhead. A link to Chapter 3 of the Expenditure Report is provided for reference. www.gov.ie/en/department-of-public-expenditure-infrastructur...

Written Answers — Department of Finance: Vacant Properties (21 Oct 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department does not own any properties and is provided with accommodation by the Office of Public Works (OPW). The Irish Bank Resolution Corporation Special Liquidation possesses one vacant three bed apartment (118 sqm) in Dublin 4. This is intended to be sold shortly. None of the other bodies under the aegis of my Department own property that is...

Written Answers — Department of Finance: Insurance Industry (21 Oct 2025)

Paschal Donohoe: As the Deputy is aware, the Programme for Government- Securing Ireland’s Future commits to a comprehensive series of actions aimed at improving affordability, availability, and transparency across the insurance sector. One of the first steps to deliver on these commitments is the new Action Plan for Insurance Reform, which was published on 24 July. As part of the Plan’s...

Written Answers — Department of Finance: Tax Data (21 Oct 2025)

Paschal Donohoe: Ireland’s carbon tax regime is a carbon pricing mechanism directly linking taxation of fossil fuels to carbon dioxide (CO2) emissions: a price is set for a tonne of CO2 and this price is then applied to each fuel type according to the fuel type’s specific CO2 emissions. Carbon taxes are applied under three separate legislative frameworks - Mineral Oil Tax (MOT), Natural Gas...

Written Answers — Department of Finance: Departmental Data (21 Oct 2025)

Paschal Donohoe: In line with section 13 of Finance Act 2024, I can confirm that the first initial increase to the Standard Fund Threshold (SFT) will take place for the year of assessment 2026, with the SFT increasing from its current level of €2 million to €2.2million. I am informed by Revenue that they are unable provide a costing for changes to the SFT. Information on the numbers and...

Written Answers — Department of Finance: Central Bank of Ireland (21 Oct 2025)

Paschal Donohoe: Under the Central Bank of Ireland’s Consumer Protection Code, all financial services firms which are regulated must have a complaint handling procedure in place. Complaints are dealt with by the firms themselves in the first instance. While the number of complaints received by the Central Bank of Ireland in relation to high cost credit providers is not publicly available, I am...

Written Answers — Department of Finance: Tax Data (21 Oct 2025)

Paschal Donohoe: This Budgetary measure has an estimated cost of €250 million to the Exchequer in 2026 with an estimated cost of €16 million in 2025. The Deputy will recall that the November/December VAT period falls into the following year. These estimates are tentative and reflect a very prudent approach in relation to assumptions made. As data on actual sales of apartments is received...

Written Answers — Department of Finance: Departmental Data (21 Oct 2025)

Paschal Donohoe: I am advised by Revenue that, in general, the capital expenditure incurred on the purchase of a residential property is not allowable for the purposes of capital allowances. Previously, relief was available where a residential property came within the scope of the schemes collectively known as ‘Section 23 relief’. Section 23 relief was a tax relief that applied to rented...

Written Answers — Department of Finance: Rental Sector (21 Oct 2025)

Paschal Donohoe: I am advised by Revenue that capital allowances in the form of wear and tear allowances are available in respect of capital expenditure incurred on fixtures and fittings (for example, furniture, kitchen appliances, etc) provided by a lessor for the purposes of furnishing rented residential property. These wear and tear allowances are allowed at a rate of 12.5% of the capital expenditure on...

Written Answers — Department of Finance: Tax Data (21 Oct 2025)

Paschal Donohoe: In Budget 2026 I announced an enhanced corporation tax deduction for certain costs incurred on the construction of apartment blocks, and for the conversion of non-residential buildings into apartment blocks, to improve the viability of such developments. The measure will be legislated for in the Finance Bill and will be available for projects for which a first Commencement Notice is submitted...

Written Answers — Department of Finance: Consumer Protection (21 Oct 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. These are commercial decisions taken by insurers in line with EU law, specifically the Solvency II Directive, which sets out the framework for insurance within the Single Market. ‘Whole-of-life’ insurance policy...

Written Answers — Department of Finance: Legislative Process (21 Oct 2025)

Paschal Donohoe: Under general rules for capital allowances and balancing allowances, that is the rules as they apply to assets other than specified intangible assets, such as plant and machinery, capital allowances and balancing allowances are treated as trading expenses in computing a company’s trading profits assessable to corporation tax. This means such capital allowances and balancing allowances...

Written Answers — Department of Finance: Local Authorities (21 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 318 and 320 together. 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...

Written Answers — Department of Finance: Departmental Reports (21 Oct 2025)

Paschal Donohoe: I wish to advise the Deputy that the sole report prepared by my Department that falls within the specification of the Deputy’s question is the Anti-Money Laundering Steering Committee (AMLSC) 2023 Annual Report. It was prepared by Department of Finance staff in 2024, for internal use only, at no extra cost.

Written Answers — Department of Finance: Departmental Correspondence (21 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: Tax Credits (21 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 323, 324 and 325 together. A 30% R&D tax credit is available in respect of expenditure incurred wholly and exclusively, in the carrying on by a company on qualifying R&D activities. The primary policy objective behind the R&D tax credit is to increase business R&D in Ireland, which helps to build an innovation-driven domestic...

Written Answers — Department of Finance: Tax Data (21 Oct 2025)

Paschal Donohoe: I am advised by Revenue, that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law is required to comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which...