Results 81-100 of 33,967 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (15 Oct 2025)

Paschal Donohoe: A farm income stabilisation tax measure currently exists in the form of income averaging. Section 657 of the Taxes Consolidation Act 1997 allows farmers to pay tax based on the average of five years’ farming profits and losses. The measure allows eligible farmers to be charged tax on the average of the aggregate farming profits and losses over a five-year period. Tax is charged on...

Written Answers — Department of Finance: Tax Data (15 Oct 2025)

Paschal Donohoe: The Flat-Rate Addition is reviewed each year in the run-up to the Budget in accordance with criteria set down in the EU VAT Directive. It is based on macro-economic data (i.e. agricultural inputs and production and the prevailing VAT rate structures) averaged over the preceding three years. Revenue’s calculations based on data for 2023, 2024 and 2025 suggest that full compensation...

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

Paschal Donohoe: I propose to take Questions Nos. 113, 114 and 115 together. Ireland first introduced a tax credit for R&D in 2004, which is available to all companies within the charge to Irish tax who carry out qualifying R&D activities. The policy objective of the R&D tax credit is to increase business R&D in Ireland as R&D supports high-value employment and can contribute to higher...

Written Answers — Department of Finance: Tax Data (15 Oct 2025)

Paschal Donohoe: I am informed by Revenue that tax compliance programmes are kept under constant review to ensure that they are focused on the areas of greatest risk, including risks from the shadow economy. Challenging shadow economy activity and actively restricting opportunities for deliberate tax and duty evasion continues to be an organisational priority for Revenue. Since 2021, a sectoral shadow economy...

Written Answers — Department of Finance: Financial Services (14 Oct 2025)

Paschal Donohoe: The Deputy should note at the outset that it is a legislative requirement that the Disabled Drivers Medical Board of Appeal (DDMBA) is independent in the exercise of its functions and it is a matter for the Board to determine all aspects of the management and delivery of the appeals process. At an appeal hearing the Disabled Drivers Medical Board of Appeal (DDMBA) reviews the decision by...

Written Answers — Department of Finance: Financial Services (14 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. The incentive gives 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 legislation. Based on the latest available data (30 September 2025), the scheme has...

Written Answers — Department of Finance: Financial Services (14 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 332, 333 and 334 together. I am advised that Deputy Hearne's question relates to the Living City Initiative (LCI) rather that the 'over the shop' premises relief. The 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...

Written Answers — Department of Finance: Financial Services (14 Oct 2025)

Paschal Donohoe: I assume the principal private residences you are referring to is that of the disponer however it is important to note that Capital Acquisitions Tax (CAT) is a beneficiary-based tax on gifts and inheritances. 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...

Written Answers — Department of Finance: Financial Services (14 Oct 2025)

Paschal Donohoe: 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 the “Group threshold”, below which CAT does...

Written Answers — Department of Finance: Tax Credits (14 Oct 2025)

Paschal Donohoe: I am informed by Revenue that income tax liability is calculated on taxpayers’ total income from all sources, rather than being separately calculated for each source of income (such as rental income) and having regard to any relevant reliefs or credits. For this reason, it is not possible to identify tax paid arising from rental income alone. However, the Deputy may be interested...

Written Answers — Department of Finance: Tax Credits (14 Oct 2025)

Paschal Donohoe: Local Property Tax (LPT) is a self-assessed tax. It is a matter for every property owner to calculate the tax due on their property based on their assessment of its market value. The existence of defective concrete blocks in the construction of a property can have a negative effect on its market value. Accordingly, where property owners have experienced a significant loss of resale value...

Written Answers — Department of Finance: Housing Policy (14 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. 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 legislation. The level of...

Written Answers — Department of Finance: Departmental Data (14 Oct 2025)

Paschal Donohoe: In relation to PFS Card Services Ireland limited, I would note the following: Interpath Ireland were appointed as the joint liquidators of PFS Card Services Ireland Limited (In liquidation) (the “Joint Liquidators”). In the process of undertaking the liquidation they have applied to the Irish High Court for direction in respect of the proper interpretation of certain...

Written Answers — Department of Finance: Departmental Data (14 Oct 2025)

Paschal Donohoe: The Economic and Fiscal Outlook document published as part of Budget 2026 sets out the latest fiscal projections including for corporation tax receipts. For 2026, corporation tax receipts are projected at €34 billion. My Department does not forecast the expected share of corporation tax receipts paid by the top ten payers. However outturn data is published by the Revenue...

Written Answers — Department of Finance: Departmental Data (14 Oct 2025)

Paschal Donohoe: Ireland’s excise duty treatment of aviation fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). ETD provisions on liquid fuels are transposed into national law in Chapter 1 of Part 2 of Finance Act 1999 (as amended). This legislation provides for the application of excise duty in the form of Mineral Oil Tax (MOT)...

Written Answers — Department of Finance: Revenue Commissioners (14 Oct 2025)

Paschal Donohoe: The Deputy’s question relates to transfers from an occupational pension scheme to an Approved Retirement Fund (ARF), whereas the “details supplied” relate to a recent update to the Revenue Pensions Manual relating to transfers from an occupational pension scheme to a Personal Retirement Savings Account (PRSA). For completeness I will address both issues. An ARF is a...

Written Answers — Department of Finance: Departmental Reviews (14 Oct 2025)

Paschal Donohoe: As the Deputy may be aware, an Implementation Plan for ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’ (the final report of the Fund review) was published on 7 October 2025. The Implementation Plan sets out the current position with respect to the recommendations of the Fund Review under four headings; recommendations to grow Exchange Traded...

Written Answers — Department of Finance: Charitable and Voluntary Organisations (14 Oct 2025)

Paschal Donohoe: The VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law is obliged to comply. In general, the supply by a business of goods and services is subject to VAT, unless EU VAT law specifically permits otherwise. The EU VAT Directive provides that the disposal by a taxable person of business goods free of charge is to be treated as VAT-able supply if the input...

Written Answers — Department of Finance: Departmental Data (14 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 347 and 348 together. A High Cost Credit Provider is a person who engages in the provision of high cost credit, or who advertises or announces themselves or holds themselves out in any way as engaging in the provision of high cost credit. One of the indicators that someone is engaged in the provision of high cost credit is where the total cost of the...

Written Answers — Department of Finance: Revenue Commissioners (14 Oct 2025)

Paschal Donohoe: I thank the Deputy for his question. I am advised by Revenue that the term crypto currency is not defined within legislation; the characteristics of same are more aligned to those of assets. As with any other activity, the treatment of income or gains received from, or charges made in connection with, activities involving crypto assets will depend on the nature of the activities and the...