Results 121-140 of 32,413 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both 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 amount, known as the “Group threshold”, below which CAT does not arise. While the thresholds were reduced during...

Written Answers — Department of Finance: Interest Rates (3 Apr 2025)

Paschal Donohoe: The formulation and implementation of monetary policy is an independent matter for the European Central Bank (ECB). The ECB increased official interest rates over the course of 2022 and 2023 as it moved to combat excess inflation. However, since last summer it has now reduced official interest rates on six occasions, most recently with effect from 12 March. These recent monetary policy...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: As clarified by the Deputy, the question relates to the Vacant Homes Tax. The Vacant Homes Tax (VHT) was announced in Budget 2023 and legislated for in Finance Act 2022. The main objective of this tax is to increase the supply of residential properties to bring those properties back into use. A residential property will be within the scope of the tax if it has been occupied as a dwelling for...

Written Answers — Department of Finance: Credit Unions (3 Apr 2025)

Paschal Donohoe: The legislative and regulatory framework for the credit union sector is provided for by the Credit Union Act 1997, the Credit Union and Co-operation with Overseas Regulators Act 2012, and the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016. This framework outlines requirements for credit unions across a range of areas, including items such as governance, capital,...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances that is payable by the beneficiary of the gift or inheritance on the value of the property received. The relationship between the person giving a gift or inheritance and the beneficiary determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. Any prior gift or inheritance...

Written Answers — Department of Finance: An Ghaeltacht (3 Apr 2025)

Paschal Donohoe: Baineann cúrsaí maidir le forbairt agus cur chun cinn na Gaeilge le mo chomhghleacaithe an tAire Forbartha Pobail agus Tuaithe agus Gaeltachta Dara Calleary TD agus Jerry Buttimer TD (an tAire Stáit ag an Roinn Forbartha Tuaithe agus Pobail le freagracht ar leith as Forbairt Pobail, Carthanas, Gaeltachtaí agus Oileán). Is é ceann de phríomhróil...

Written Answers — Department of Finance: Tax Exemptions (3 Apr 2025)

Paschal Donohoe: As the Deputy is aware the current thresholds for the income tax age exemption are €18,000 per annum where an individual is aged 65 years or over, and €36,000 per annum for married couples and civil partners, jointly assessed to tax, where either individual is aged 65 or over. The relevant income thresholds may be increased further if the individual has a qualifying child....

Written Answers — Department of Finance: Banking Sector (3 Apr 2025)

Paschal Donohoe: Officials in my Department have regular engagement with the board and management of the banks in which the State has a shareholding. Meetings with the management of the banks take place monthly, and the topics discussed at these meetings include but are not limited to profitability levels and the supporting commercial activities undertaken by the bank. As the Deputy is aware, the...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both 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 amount, known as the “Group threshold”, below which CAT does not arise.While the thresholds were reduced during the...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 45 and 59 together. In recognition of the needs of SMEs in the hospitality sector, the Programme for Government does commit to bring forward measures to support SMEs, in particular in the retail and hospitality sectors. It acknowledges the increased cost pressures on these sectors and states that this will entail changes to VAT, PRSI and other measures. ...

Written Answers — Department of Finance: Tax Yield (3 Apr 2025)

Paschal Donohoe: As part of Budget 2025 in October last it was announced that the disposal of part of the State’s shareholding in AIB had presented the Government with an opportunity to allocate €3 billion of additional funding towards capital spending on housing, water and the electricity grid over the coming years. €1 billion has been provided to Uisce Éireann for capital...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both 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 amount, known as the “Group threshold”, below which CAT does not arise. While the thresholds were reduced...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both 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 amount, known as the “Group threshold”, below which CAT does not arise. While the thresholds were reduced...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Betting Duty is chargeable on all bets placed by a person with a licensed bookmaker at a bookmaker’s registered premises, irrespective of the means by which a bet is placed. Licensed Remote Betting Intermediaries are liable for Betting Intermediary Duty, on commission charged by them to persons in the State. The rate of duty depends on the type of betting activity and how the bet...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: The Government, as indicated in the Programme for Government document launched in January 2025, has committed to examine the tax treatment of production costs for theatre productions. The Deputy will be aware that the Programme for Government is a five-year plan and as such, officials of my Department have not commenced work on the commitment at this early stage. Once officials...

Written Answers — Department of Finance: Economic Policy (3 Apr 2025)

Paschal Donohoe: Modified Domestic Demand contracted in the fourth quarter of 2024 driven largely by a fall in modified investment. However, given the volatile nature of modified investment, the quarterly estimates alone are not indicative of underlying trends in the domestic economy. For the year as a whole, the domestic economy grew at a solid pace last year, with Modified Domestic Demand increasing by 2.7...

Written Answers — Department of Finance: State Assets (3 Apr 2025)

Paschal Donohoe: The Fossil Fuel Divestment Act 2018 (the “Act”) has been in place since December 2018. The Act prohibits the NTMA (as controller and manager of ISIF), inter alia, from directly investing in any undertaking that generates 20% or more of its turnover from the exploration for or extraction or refinement of a fossil fuel (coal, oil, natural gas, peat or any derivative thereof...

Written Answers — Department of Finance: Tax Strategy Group (3 Apr 2025)

Paschal Donohoe: As the Deputy will be aware, the Programme for Government, Securing Ireland’s Future, includes a commitment to “Consider measures, in conjunction with the Department of Finance, to encourage gym membership and active participation in sport and exercise.” The Programme for Government also acknowledges that “sport holds a special place in Irish life and society...

Written Answers — Department of Finance: Tax Code (3 Apr 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax which applies to both 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 amount, known as the “Group threshold”, below which CAT does not arise. While the thresholds were reduced...