Results 121-140 of 33,987 for speaker:Paschal Donohoe

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

Paschal Donohoe: The Deputy will be aware that in 2023, the then Minister for Finance announced an independent examination of the standard fund threshold (SFT). The examination, which was led by an independent expert, made several recommendations for reform across the SFT regime. Following consideration of the examination, Government agreed to implement changes to the SFT regime in a phased manner, with some...

Written Answers — Department of Finance: Budget 2026 (14 Oct 2025)

Paschal Donohoe: Capital allowances in respect of intellectual property (IP) assets are ring-fenced and may only be offset against income from trading activities in which the assets are used. In addition, for assets acquired from 11 October 2017, the deduction for IP capital allowances and interest on borrowings used to acquire the assets cannot exceed 80% of the income from such trading activities in an...

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

Paschal Donohoe: The Department of Finance publishes details of contracts in line with relevant Irish and EU guidelines and regulations. Circular 05/2023 (Initiatives to assist SMEs in Public Procurement) sets out the threshold for publication of contract award notices and these are available to view on the eTenders platform. The publication of quarterly reports of payments or purchase orders over...

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

Paschal Donohoe: There are a broad range of bodies under the aegis of the Department. Due to differing corporate governance structures, the oversight relationship between the Department and each body varies. The Code of Practice for the Governance of State Bodies 2016 (the Code) provides a framework for the application of best practice in corporate governance by commercial and non-commercial State bodies....

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

Paschal Donohoe: I propose to take Questions Nos. 355, 357 and 359 together. The Deputies' questions relate to the deemed disposal rules. These rules apply to investments in Irish domiciled investment funds and life assurance products, as well as equivalent offshore funds and certain foreign life assurance products. For Irish domiciled investment funds and life assurance products, the gross roll up regime...

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

Paschal Donohoe: I am advised by Revenue that the most recent data showing the number of properties in County Clare which fall under Band 1, Band 2 and Band 3 are shown in Table 1. Properties in Band 1 and 2 are charged at a fixed rate of €90 and €225. Properties in band 3 are calculated by applying 0.1029 to the band’s midpoint value. LPT is a self-assessment tax. This means that...

Written Answers — Department of Finance: Tobacco Control Measures (14 Oct 2025)

Paschal Donohoe: The E-liquid Products Tax (EPT), as legislated for in Chapter 1 of Part 2 of the Finance Act 2024, will come into effect from 1 November 2025. Under the new law, the EPT will apply to both nicotine-containing and non-nicotine-containing e-liquid products at a single flat rate of 50 cent per millilitre of e-liquid. The introduction of the EPT underlines Ireland’s ongoing commitment...

Written Answers — Department of Finance: Budget 2026 (14 Oct 2025)

Paschal Donohoe: Per Budget 2026, the second reduced VAT rate of 9% will apply to services provided by hairdressers from 1 July 2026. This measure will extend to all hairdressing services including those provided by Beauty Salons. The Deputy should be aware that all VAT legislation must comply with all provisions of the EU VAT Directive which holds that all goods and services are liable at the standard...

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

Paschal Donohoe: Details of studies, research and reports commissioned by my Department are set out in the attached table. Year Studies, research and reports commissioned Organisation commissioned Total Cost (Ex VAT) Number of reports finalised Date reports yet to be released provided to Minister Modelling of the multinational...

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

Paschal Donohoe: I propose to take Questions Nos. 362 and 363 together. VAT operates across the EU in accordance with a common framework set by EU VAT law, with which Irish VAT law is required to comply. VAT is a consumption tax, levied on the cost of a good or service. However, it is designed so that the supplier, and not the consumer, is obliged to account for the tax. The VAT on the supply is based...

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

Paschal Donohoe: I am advised by Revenue that the amounts collected in Carbon Tax in each month since its establishment are shown in the following tables. Month 2025* 2024 2023 2022 Jan 92.0 85.6 78.2 64.5 Feb 106.4 100.8 61.6 70.6 Mar 104.9 ...

Written Answers — Department of Finance: Housing Schemes (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 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: Pensions Reform (14 Oct 2025)

Paschal Donohoe: The Interdepartmental Pensions Reform and Taxation Group (IDPRTG) was established to carry out a number of tasks set out in the Roadmap for Pensions Reform 2018-2023. The Roadmap set out the need to promote long-term pension saving to address income adequacy in retirement, in particular for low income earners. The IDPRTG is chaired by the Department of Finance and includes representatives...

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

Paschal Donohoe: The information sought by the Deputy is set out in the attached document.

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

Paschal Donohoe: Interest may be received without paying Deposit Interest Retention Tax (“DIRT”) in certain circumstances. Where an individual, or their spouse/civil partner, is aged over 65 and their total income, including gross deposit interest does not exceed the annual exemption limit, as provided for in section 188 Taxes Consolidation Act (TCA), their deposit interest earnings are exempt...

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

Paschal Donohoe: 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 of qualifying residential and commercial buildings...

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

Paschal Donohoe: I understand the Deputy is asking about the Green Budgeting methodology. My Department conducts green budgeting as part of the annual Budget process, as traditional measures of economic performance do not fully capture the specific impacts of climate and environmental policies on the public finances. Green budgeting is the process of documenting the impact of budgetary measures and wider...

Written Answers — Department of Finance: Budget 2026 (14 Oct 2025)

Paschal Donohoe: In Budget 2026, I announced the introduction of a new Derelict Property Tax (DPT). The aim of this tax will be to encourage the activation of derelict properties. This tax will replace the Derelict Sites Levy and will be collected by the Revenue Commissioners. Currently, the Derelict Sites Levy is an annual levy of 7% of the land’s market value. The rate of DPT is yet to be determined;...

Written Answers — Department of Finance: Tax Data (9 Oct 2025)

Paschal Donohoe: I propose to take Questions Nos. 135 and 151 together. The Economic and Fiscal Outlook document published as part of Budget 2026 sets out the latest fiscal projections. It provides an update regarding the impact on revenues from the OECD’s Two Pillar Framework and notes that international tax negotiations are still ongoing. An estimate of c. €3 billion for next year was...