Results 161-180 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Legislative Measures (10 Jun 2025)

Paschal Donohoe: Restrictive measures, or sanctions as they are colloquially referred to, are a tool of the EU's Common Foreign and Security Policy. Ireland implements EU sanctions, and UN sanctions are routinely also implemented via EU sanctions. EU sanctions have direct effect in all Member States of the EU, and they are legally binding on all natural and legal persons in Ireland. As such, a natural or...

Written Answers — Department of Finance: Fiscal Policy (10 Jun 2025)

Paschal Donohoe: As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” That report set out 42 recommendations to cement Ireland’s position as a leading global hub for funds and asset management. Under the 2025 Programme for Government, we have committed to progress and publish an implementation...

Written Answers — Department of Finance: Customs and Excise (10 Jun 2025)

Paschal Donohoe: I am advised by Revenue that individual crew members on aircraft arriving from outside the European Union are allowed to bring in goods (including perfumes, gifts, souvenirs, clothing) free of duty, where the combined value of these goods does not exceed €430. In addition, they are allowed to bring goods free of duty, in all the categories shown below subject to the upper limits...

Written Answers — Department of Finance: Trade Data (10 Jun 2025)

Paschal Donohoe: According to the CSO, Ireland exported €420 million worth of whiskey to the US in 2023 and exported €410 million in 2024. In volume terms, Ireland’s whiskey exports to the US amounted to over 35,000 tonnes in 2023 and 34,000 tonnes in 2024. My Department’s analysis has focused on assessing the overall macroeconomic impact of tariffs rather than the potential...

Written Answers — Department of Finance: Departmental Data (10 Jun 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 has as an aim 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...

Written Answers — Department of Finance: Banking Sector (10 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 394 and 411 together. 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 reduced official interest rates on eight occasions, the most...

Written Answers — Department of Finance: Tax Code (10 Jun 2025)

Paschal Donohoe: The Home Tuition Grant Scheme is operated by the Department of Education and Youth. The purpose of the scheme is to provide funding towards the provision of a compensatory educational service for children who, for a number of specific reasons, are unable to attend school. It is a condition of the scheme that parents or guardians must source a qualified tutor who is registered with the...

Written Answers — Department of Finance: Tax Code (10 Jun 2025)

Paschal Donohoe: Under the Finance Act 1992, Vehicle Registration Tax (VRT) is assessed on a vehicle at the time of its registration, and the way the tax is computed depends on the category of vehicle involved. VRT on Category A vehicles (generally passenger vehicles) is assessed based on the value of the vehicle and its emissions levels for carbon dioxide (CO2) and nitrogen oxide (NOx). Currently, VRT...

Written Answers — Department of Finance: Tax Reliefs (10 Jun 2025)

Paschal Donohoe: Section 32 Finance Act 2022 inserted a new section 97B into the Taxes Consolidation Act 1997 (TCA), introducing a tax incentive for landlords of rented residential property to undertake retrofitting works while the tenant remains in situ. This section provides for a tax deduction against rental income for certain retrofitting expenses incurred by landlords on rented residential properties. ...

Written Answers — Department of Finance: Tax Yield (10 Jun 2025)

Paschal Donohoe: I am advised by Revenue that its Ready Reckoner for calculating the impact of potential changes in rates of taxation, includes estimates for the full year yield from changes in duties on packs of 20 cigarettes and on roll-your-own tobacco on page 24. The Ready Reckoner estimates assume pro-rata increases in other tobacco products. The Ready Reckoner is available at:...

Written Answers — Department of Finance: Tax Yield (10 Jun 2025)

Paschal Donohoe: Legislation for E-Liquid Products Tax (EPT) was enacted in Finance Act 2024 and is subject to commencement by Ministerial Order. Under the new law, EPT will apply to both nicotine-containing and non-nicotine-containing e-liquid products at a flat rate of €0.50 per millilitre. As the tax will be based on the volume of e-liquid, there will be no differentiation in the rate applied...

Written Answers — Department of Finance: Tax Code (10 Jun 2025)

Paschal Donohoe: It is a general principal of taxation that, in the absence of a specific exemption, income from all sources is, in general, subject to tax. Grants or payments from the State which are revenue in nature are generally liable to income tax, unless specifically exempted by tax legislation. The State provides for a wide range of grants and payments which are available to qualifying...

Written Answers — Department of Finance: Tax Reliefs (10 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 401 and 412 together. 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. ...

Written Answers — Department of Finance: Departmental Staff (10 Jun 2025)

Paschal Donohoe: I am advised by Revenue that is operates an integrated tax and customs administration and the costs of administering a single tax cannot be quantified. I am further advised that VHT is administered in the same operational branch as Local Property Tax (LPT) and all staff operating in that branch are equipped to deal with both LPT and VHT. The work of the branch includes supporting...

Written Answers — Department of Finance: Tax Data (10 Jun 2025)

Paschal Donohoe: I propose to take Questions Nos. 403, 404 and 405 together. The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law is obliged to comply. The Directive requires each Member State to maintain a standard rate of VAT, and permits a Member State to apply up to two reduced rates of VAT. On this basis, Ireland applies a standard rate of 23%, and two reduced rates...

Written Answers — Department of Finance: Fiscal Policy (10 Jun 2025)

Paschal Donohoe: As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” That report set out 42 recommendations to cement Ireland’s position as a leading global hub for funds and asset management. Under the 2025 Programme for Government we have committed to progress and publish an implementation...

Written Answers — Department of Finance: National Treasury Management Agency (10 Jun 2025)

Paschal Donohoe: As supplied by the NTMA please see attached the listing of ISIF’s Irish Portfolio commitments since inception by investment theme as at 2023 year-end (in line with the NTMA's most recently published annual report). There are a large number of holdings within the ISIF Global Portfolio which are detailed in the 2023 NTMA Annual Report (Pages 232 to 241). The 2023 NTMA Annual Report...

Written Answers — Department of Finance: Tax Yield (10 Jun 2025)

Paschal Donohoe: As the Deputy will be aware the current legislation underpinning carbon tax policy is Finance Act 2020, which sets out a multi annual trajectory of increases to 2030. As per the trajectory, increases of €7.50 per tonne of Carbon Dioxide emitted will apply to all affected fuels until 2029 with a final increment of €6.50 bringing the rate to €100 per tonne of carbon...

Written Answers — Department of Finance: Primary Medical Certificates (10 Jun 2025)

Paschal Donohoe: As the Deputy is aware, at an appeal hearing the Disabled Drivers Medical Board of Appeal (DDMBA) reviews the decision by a HSE Primary Medical Officer and determines if an appellant does, or does not meet, one of the six medical criteria. Only if an appellant meets one of the six eligibility criteria will the Board issue a Board Medical Certificate. I have no role in relation to the...

Written Answers — Department of Finance: Tax Data (10 Jun 2025)

Paschal Donohoe: 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. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within certain listed categories to which Member States may apply a lower rate. Sunscreens and...