Results 61-80 of 33,498 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Yield (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 537 and 538 together. I am advised by Revenue that the revenue accrued on an annual basis from inheritance tax in each of the years from 2020 to 2024 can be found in the link below: www.revenue.ie/en/corporate/documents/statistics/receipts/ca t-receipts.pdf I am further advised by Revenue, in relation to question 46124, that Beneficiaries are not required...

Written Answers — Department of Finance: Tax Reliefs (8 Sep 2025)

Paschal Donohoe: Following clarification with the Deputy, I understand he wishes to ask if, for the reasons stated in his question, consideration will be given to increasing the tax relief for private health insurance premiums. Section 470 of the Taxes Consolidation Act ("TCA 1997") provides for tax relief in respect of payments made to authorised insurers under relevant contracts in respect of medical...

Written Answers — Department of Finance: Social Welfare Benefits (8 Sep 2025)

Paschal Donohoe: Carers play a fundamental supporting role in society and Government are committed to supporting individuals and families with caring responsibilities. This is acknowledged by the broad range of commitments in the Programme for Government to improving supports and ensuring that the social welfare system is progressive and empowers people with a disability. To answer the first part of the...

Written Answers — Department of Finance: Tax Reliefs (8 Sep 2025)

Paschal Donohoe: 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 The MITR was originally made available for the 2023 year of assessment.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 of 31 December 2022. The relief extends to a qualifying...

Written Answers — Department of Finance: Departmental Expenditure (8 Sep 2025)

Paschal Donohoe: I wish to inform the Deputy that there was no funding allocated by the Department of Finance to County Louth from 2023 to date. The Department of Finance is a policy oriented Department and is not involved in the delivery of funding to specific counties.

Written Answers — Department of Finance: Departmental Inquiries (8 Sep 2025)

Paschal Donohoe: The Deputy should note that capital gains tax is kept under regular review through processes such as the Tax Strategy Group with a view to considering proposals at Budget time. I acknowledge the nature of the issue that the Deputy has raised and the difficulties it can cause, however I have no plans in this year's Budget to exempt such individuals from capital gains tax.

Written Answers — Department of Finance: Irish Stock Exchange (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 545, 597 and 603 together. Ireland’s equity markets are diverse comprising of both public and private equity market participants and a wider ecosystem which includes a large number of professional services companies. The growing importance of large stock market indices linked to the rise in passive investment strategies has been a pull factor in...

Written Answers — Department of Finance: Irish Stock Exchange (8 Sep 2025)

Paschal Donohoe: Ireland’s equity markets are diverse, encompassing both public and private equity market participants and a wider ecosystem which includes a large number of professional services firms. It is clear that public equity markets in Europe, including Ireland, have been facing significant challenges over the last decade due to a variety of overlapping reasons. This includes competition from...

Written Answers — Department of Finance: Tax Code (8 Sep 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. Section 19 of the Taxes Consolidation Act (TCA) 1997, sets out that tax under Schedule E shall be charged in respect of every public office or employment for profit. Section 112 of the TCA 1997 brings into charge all salaries, fees, wages,...

Written Answers — Department of Finance: Departmental Properties (8 Sep 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department does not own any properties and is provided with accommodation by the OPW. The OPW look after all property related matters. The bodies under the aegis of my Department have advised that they do not have any properties that are absolved from paying commercial rates.

Written Answers — Department of Finance: Mental Health Services (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 549, 550 and 564 together. I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law is obliged to comply. Under Irish VAT legislation, professional medical care services supplied by recognised medical professionals who are registered on a statutory register in the...

Written Answers — Department of Finance: Tax Reliefs (8 Sep 2025)

Paschal Donohoe: I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible to provide a costing for the measures outlined above using information provided on tax returns alone. However, using Revenue and other third-party data sources, a tentative estimate of the 2026 projected...

Written Answers — Department of Finance: Tax Data (8 Sep 2025)

Paschal Donohoe: I am advised by Revenue that Remote Betting Duty is provided for in Section 67A of the Finance Act 2002 (as amended) and is currently set at a rate of 2% on the turnover of all bets placed with a licenced bookmaker by remote means. I am further advised that the estimated revenue that would be raised by increasing Remote Betting Duty by 1% is €32m. This estimate does not account for...

Written Answers — Department of Finance: Tax Data (8 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the estimated cost of abolishing LPT, provided in reply to the Deputy’s questions 43866-25 to 43869-25, includes the Local Adjustment Factor (LAF) decisions by local authorities for the 2025 LPT liability.

Written Answers — Department of Finance: Tax Data (8 Sep 2025)

Paschal Donohoe: The Central Bank of Ireland advises that it does not publish data on interest only mortgages specifically for non-lending non-bank regulated entities. However, in its quarterly Mortgage Arrears and Repossessions statistical series the Central Bank publishes data on mortgage restructures by non-bank regulated entities (both lending and non-lending non-banks) and this includes the number...

Written Answers — Department of Finance: Tax Data (8 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the estimated cost to the Exchequer of implementing a Carbon Tax rate of €48.50 per tonne of CO2 emitted from the 1 January 2026 is shown in the following table: Cost Excise €m VAT €m Total €m First Year Cost 361 36 397 Full Year Cost ...

Written Answers — Department of Finance: Revenue Commissioners (8 Sep 2025)

Paschal Donohoe: The projections of tax revenue in the Annual Progress Report and Budget are produced by officials in my Department, taking into account the latest available information, including advice from the Revenue Commissioners. The most recent set of projections incorporate indicative estimates for carbon tax increases out to 2026. These figures are calculated on a technical basis and are subject...

Written Answers — Department of Finance: Tax Data (8 Sep 2025)

Paschal Donohoe: I understand that the Deputy is seeking information on the annual tax revenue generated arising from the sale of period products including pads, tampons and other menstrual hygiene products. As the deputy may be aware, under the EU VAT Directive, which Irish VAT law must comply, all goods and services are generally liable for VAT at the standard rate. Historically Ireland availed of...

Written Answers — Department of Finance: Tax Data (8 Sep 2025)

Paschal Donohoe: The restriction of reliefs' measure for individuals on high incomes, who make significant use of certain specified tax reliefs, was announced in Budget 2006 and came into effect from 1 January 2007. The intention of the restriction is to seek to improve the balance between promoting tax equity in relation to those on high incomes while at the same time maintaining the incentive effect of the...

Written Answers — Department of Finance: Tax Credits (8 Sep 2025)

Paschal Donohoe: Following clarification from the Deputy’s office, it was confirmed that the question relates to the personal credit, the employee credit and the earned income credit, and that the tapering would be done at a rate of 2.5% for every €1,000 increase in income levels, such that taxpayers earning in excess of €140,000 would have no entitlement to these credits. Further, it is...