Results 641-660 of 33,906 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Enterprise Policy (15 Jul 2025)

Paschal Donohoe: The Programme for Government sets out a range of commitments to pro-enterprise tax policies, with a view to supporting long term investment and the creation of high-quality jobs in the Irish economy. These include the promotion of innovation, economic growth and entrepreneurship, and maintaining competitiveness by way of simplification of the tax system. All taxes, including business...

Written Answers — Department of Finance: Capital Expenditure Programme (15 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 128 and 149 together. Like several other EU countries, Ireland has a high savings deposit rate and there is broad agreement that some of these savings could provide greater returns for individual citizens and the wider economy if they were invested as opposed to being on deposit. ` This is the central thrust of the EU Savings and Investments Union (SIU)...

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: Revaluation for the Local Property Tax will take place on 1 November this year. Property owners will be required to self-assess the value of their property on this date and file a return with the Revenue Commissioners. Revenue will be in touch with approximately 1.4 million taxpayers in advance of November to advise them of their obligations. The Finance (Local Property Tax and Other...

Written Answers — Department of Finance: Childcare Services (15 Jul 2025)

Paschal Donohoe: The Programme for Government 2025 ‘Securing Ireland’s Future’ recognises that early childhood is the opportune time to shape a child’s development and build a secure foundation for their future and contains a range of commitments to build an affordable, accessible and high-quality early childhood education and care system. Measures are in place which support...

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 132, 140 and 150 together. 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...

Written Answers — Department of Finance: Economic Policy (15 Jul 2025)

Paschal Donohoe: Ireland’s 2025 IMF Article IV was set against the backdrop of Budget 2025, which is framed in the context of a continued need to improve public services and accelerate infrastructure, to support a growing population and the competitiveness of our economy. I welcome the IMF’s positive assessment of the Irish economy noting the impressive results Ireland has achieved by building...

Written Answers — Department of Finance: Housing Provision (15 Jul 2025)

Paschal Donohoe: I thank the Deputy for the question. On the 30th of June my department published the latest review of Home Building Finance Ireland (HBFI), as is required under Section 24 of the HBFI Act. Section 24 of the HBFI Act provides for a periodic review of HBFI to ensure that it is fulfilling its functions as set out in the Act, and that its continuation remains necessary given prevailing market...

Written Answers — Department of Finance: Fiscal Policy (15 Jul 2025)

Paschal Donohoe: In line with Programme for Government commitments, the Department of Finance has commenced work on a new Ireland for Finance Strategy to be published in H1 2026. A public consultation paper will be published shortly as part of planned ongoing stakeholder engagement throughout 2025. Ireland for Finance is a whole-of-Government strategy for the development of the international financial...

Written Answers — Department of Finance: Financial Services (15 Jul 2025)

Paschal Donohoe: The Capital Markets Union (CMU) is a flagship project within EU financial services policy which aims to deepen and further integrate Europe’s capital markets, support growth and enhance the resilience of the financial system. The CMU, alongside the Banking Union, forms part of the Savings and Investments Union (SIU). Ireland is a strong supporter of the CMU/SIU project. For Ireland,...

Written Answers — Department of Finance: Banking Sector (15 Jul 2025)

Paschal Donohoe: I am informed by the Central Bank of Ireland that the latest data available on high-cost credit providers is for the year ending 31 December 2023. The total number of loans advanced by high-cost credit providers during the year 2023 was 228,185, and the total value of loans advanced during that year was €146,340,047. I am further informed that the data for 2024 is currently under...

Written Answers — Department of Finance: Tax Credits (15 Jul 2025)

Paschal Donohoe: The Rent Tax Credit (RTC), as provided for in section 473B of the Taxes Consolidation Act 1997 (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. For the years 2022 and 2023 the Rent Tax Credit is valued at a maximum of €500 per single individual and €1,000 per jointly assessed...

Written Answers — Department of Finance: Insurance Industry (15 Jul 2025)

Paschal Donohoe: As the Deputy is aware, the new Action Plan for Insurance Reform is a commitment in the Programme for Government- Securing Ireland’s Future. Insurance reform, including increasing the affordability and accessibility of insurance, remains a priority for the Government. As part of the development of this Action Plan, the Department of Finance undertook a wide-ranging public...

Written Answers — Department of Finance: Fiscal Policy (15 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 142, 157 and 158 together. As you are aware, in October 2024, Minister Chambers published the ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’. This was an important and wide-ranging review of the funds and asset management sector in Ireland. The Report sets out 42 recommendations (some related to taxation) across...

Written Answers — Department of Finance: Tax Code (15 Jul 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. Between 1 November 2020 and 31 August 2023, the VAT rate applied in the hospitality sector was temporarily reduced to 9% from 13.5%. The rationale for this was to support the industry which...

Written Answers — Department of Finance: Tax Code (15 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 144 and 159 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. However, I am advised that the VAT rating of goods and services is subject to the EU VAT Directive, with which Irish VAT Law must...

Written Answers — Department of Finance: Tax Credits (15 Jul 2025)

Paschal Donohoe: The Research and Development (R&D) Tax Credit is an important feature of the Irish CT system. It forms part of a suite of corporation tax measures that ensures Ireland remains an attractive location for both domestic, inward investment and building an innovation-driven domestic enterprise sector. The primary policy objective is to increase business R&D in Ireland. Ireland has...

Written Answers — Department of Finance: Fiscal Policy (15 Jul 2025)

Paschal Donohoe: Work is continuing in my Department and across Government on the preparation of the Medium-Term Fiscal Plan. It is my intention to publish this Plan in the autumn.

Written Answers — Department of Finance: Budget 2026 (15 Jul 2025)

Paschal Donohoe: Revenue raising measures are an integral part of every Budget and are considered by the Minister for Finance in that context. However, 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: Vacant Properties (15 Jul 2025)

Paschal Donohoe: In relation to tax-based measures, a range of measures are in place to support or encourage the bringing of vacant residential properties back into use and to increase housing supply. These include the Living City Initiative, pre-letting expenses for vacant properties, the Vacant Homes Tax and the Residential Zoned Land Tax. Additionally, the Department of Housing, Local Government and...

Written Answers — Department of Finance: Tax Credits (15 Jul 2025)

Paschal Donohoe: The Government acknowledges the cost pressures on parents with young children. In recognition of these pressures, several support measures are already in place to ease the burden on working parents. These include various tax-exempted financial supports provided by the Minister for Children, Disability and Equality to assist parents to offset the costs of early learning and childcare. ...