Results 661-680 of 32,429 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Data (12 Feb 2025)

Paschal Donohoe: The Central Bank has informed me of the following information in relation to Irish Government bonds held by the Bank since 2016. The Central Bank has gradually built up a portfolio of Irish government bonds for monetary policy purposes under PSPP and PEPP. These programmes were established by decision of the ECB’s Governing Council. PSPP began in 2015 and by end-2016, the Central...

Written Answers — Department of Finance: Tax Exemptions (11 Feb 2025)

Paschal Donohoe: It is a general principle of taxation that, in the absence of a specific exemption, income from all sources is, in general, subject to tax. The State Pension (Contributory) benefit is a taxable source of income as provided for in Section 126 of the Taxes Consolidation Act 1997. As such, it is liable to Income Tax although it is not subject to the Universal Social Charge (USC) or Pay...

Written Answers — Department of Finance: Tax Reliefs (11 Feb 2025)

Paschal Donohoe: The Help to Buy scheme assists first-time buyers with the deposit they need to buy or build a new house or apartment. The scheme provides for a refund of Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to certain conditions being met. In July 2020 the scheme was amended so that the level of assistance available to first time buyers was...

Written Answers — Department of Finance: Tax Code (11 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 186 and 187 together. All liquid fuel products, including biofuels such as Hydrotreated/Hydrogenated Vegetable Oil (HVO), are subject to Value-Added Tax (VAT), and to excise duty in the form of Mineral Oil Tax (MOT). The VAT rating of goods and services is subject to EU VAT law. In general, the EU VAT Directive provides that all goods and services are...

Written Answers — Department of Finance: Tax Yield (11 Feb 2025)

Paschal Donohoe: I am advised by Revenue that the amount of Excise Duty collected from Alcohol Products Tax (APT) in each year from 2014 to 2024 and the proportion of this Duty as a percentage of total Excise Duty and overall tax take in each year are shown in the following table. Year APT €m Total Excise Receipts** €m Proportion of Excise Receipts ...

Written Answers — Department of Finance: National Treasury Management Agency (11 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 189 and 192 together. The NTMA has informed me that Sovereign Bonds are a key part of any large globally diversified portfolio. Details of ISIF’s direct holdings are published annually in the NTMA Annual Report. The latest published version for the year ended 2023 showed the following direct holdings of Israeli government bonds: Nominal...

Written Answers — Department of Finance: Tax Code (11 Feb 2025)

Paschal Donohoe: I assume the Deputy is referring to the availability of Capital Acquisitions Tax (CAT) agricultural relief in respect of a gift or inheritance of a family farm where it includes land on which solar panels and / or wind turbines are installed. Section 89 of the Capital Acquisitions Tax Consolidation Act 2003 (CATCA 2003) provides for a relief from CAT for gifts and inheritances of...

Written Answers — Department of Finance: Ministerial Responsibilities (11 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy that a briefing document prepared by the Department of Finance was provided to me on my appointment as Minister for Finance. A copy of this document, having regard to the relevant provisions of the Freedom of Information Act 2014, will be available shortly on my Department’s website.

Written Answers — Department of Finance: Insurance Coverage (11 Feb 2025)

Paschal Donohoe: As Minister for Finance, I acknowledge the enormous damage caused by Storm Éowyn, and the impact it has had on families, communities, and businesses. In the aftermath of Storm Éowyn, my officials wrote to Insurance Ireland on my behalf on the 28 January reiterating Government’s expectation that insurance companies should treat policyholders fairly and expediently in...

Written Answers — Department of Finance: Tax Yield (11 Feb 2025)

Paschal Donohoe: I am advised by Revenue the current rates of excise that apply to a range of products and licences subject to this duty are published on the Revenue website at www.revenue.ie/en/companies-and-charities/excise-and-licence s/excise-duty-rates/index.aspx. The current rates of Vehicle Registration Tax are published at www.revenue.ie/en/vrt/calculating-vrt/index.aspx. The provisional receipts...

Written Answers — Department of Finance: Tax Reliefs (11 Feb 2025)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations (S.I. No. 353 of 1994) (as amended) provide for the repayment or remission of VAT and Vehicle Registration Tax (VRT) on the purchase of an adapted vehicle for the transport of a person with specific severe and permanent physical disabilities. To qualify for the scheme, the person must be in possession of a primary...

Written Answers — Department of Finance: EU Regulations (11 Feb 2025)

Paschal Donohoe: I wish to advise the deputy that no fines are being paid to the EU for breaches of EU guidance, requirements, regulations or laws, by my Department or any of the bodies under the aegis of the Department.

Written Answers — Department of Finance: Tax Rebates (11 Feb 2025)

Paschal Donohoe: I am advised by Revenue that the Value Added Tax (Refund of Tax Order) (No. 15) Order 1981 (S.I. 428 of 1981) provides for the refund of VAT incurred on qualifying goods for the use of persons with a disability. The conditions of the Refund Order include providing evidence that the person has a disability, and that the goods are for the purpose of assisting them to overcome their disability...

Written Answers — Department of Finance: National Treasury Management Agency (11 Feb 2025)

Paschal Donohoe: I take it that the Deputy is referring to investments made by ISIF. As the Deputy is aware, the UN maintains a database of business enterprises involved in certain specified activities relating to settlements in the Occupied Palestinian Territories. At the end of 2023, ISIF’s direct investments in companies on the UN database totalled approximately €4.2 million in 11...

Written Answers — Department of Finance: Legislative Process (11 Feb 2025)

Paschal Donohoe: Unfortunately it has not been possible, in the time available, to compile the information requested by the Deputy. My officials will compile the information sought and will write to the Deputy shortly to provide the information compiled.

Written Answers — Department of Finance: Flexible Work Practices (11 Feb 2025)

Paschal Donohoe: I wish to inform the Deputy that there has been no change to my Department's Blended Working Policy. 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 basis to...

Written Answers — Department of Finance: Tax Data (11 Feb 2025)

Paschal Donohoe: Help to Buy (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive offers a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in Section 477C of the Taxes Consolidation Act 1997. I am advised by Revenue that the table below...

Written Answers — Department of Finance: Public Sector Pay (11 Feb 2025)

Paschal Donohoe: I wish to advise the Deputy that the salary paid by the Department of Finance to the Secretary General is in line with the relevant salary scale as set out by the Department of Public Expenditure, NDP Delivery and Reform which apply across the Civil Service. The Secretary General’s current salary scale is Secretary General, Level I - €256,469. This has increased with...

Written Answers — Department of Finance: National Asset Management Agency (11 Feb 2025)

Paschal Donohoe: As the Deputy may be aware, NAMA acquired loans secured by properties with a market value at acquisition of €32.4 billion. NAMA’s legislative remit is to maximise the return on, and deal expeditiously with, the Agency’s acquired bank assets. NAMA’s deleveraging activity is guided by the objective of maximising recover and meeting this remit has involved intensive...

Written Answers — Department of Finance: Departmental Expenditure (11 Feb 2025)

Paschal Donohoe: The information requested by the Deputy in relation to the expenditure relating to IT external service provisions in 2023, 2024 is set out in tabular form below. The Department of Finance has incurred no IT external services in 2025 to date. Year Supplier Amount 2023 PATHFINDER EXECUTION LTD T/A SIA PARTNERS IRELAND €171,923.26...