Results 161-180 of 33,833 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Credits (17 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the table below outlines the number of claims for the Rent Tax Credit by PAYE taxpayers by county for 2025 to-date, as of 8th September 2025. Most claims for credits by PAYE taxpayers take place after the year-end. The bulk of claims for 2025 will not be made until 2026. I am further advised by Revenue that the data on claims by self-assessed taxpayers is not...

Written Answers — Department of Finance: Tax Code (17 Sep 2025)

Paschal Donohoe: The tax treatment associated with cross-border working has been subject to ongoing discussions in recent years, particularly given the increase in remote working as a result of the Covid-19 pandemic. However, cross-border working gives rise to complex issues involving shared taxing rights between different jurisdictions. There are potential issues for employees, employers, and Exchequer...

Written Answers — Department of Finance: Credit Unions (17 Sep 2025)

Paschal Donohoe: The Central Bank of Ireland is mandated to set regulations for credit unions in a number of areas including lending limits. Regulations on lending limits are prescribed by the Central Bank of Ireland under the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016. In December 2024, the Central Bank of Ireland published Consultation Paper 159 on Proposed Changes to the Credit...

Written Answers — Department of Finance: Departmental Policies (17 Sep 2025)

Paschal Donohoe: There is existing support within the tax system for people living with coeliac disease. Section 469 of the Taxes Consolidation Act ("TCA") 1997 provides for Income Tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which have been...

Written Answers — Department of Finance: Credit Unions (17 Sep 2025)

Paschal Donohoe: I agree with the commentary in the details supplied that "supporting education is a core value of credit unions, as demonstrated by the scholarships and favourable interest rates offered to members undertaking higher education programmes". Credit unions are starting to play a more significant role in the housing market, particularly through the provision of home loans and investments in the...

Written Answers — Department of Finance: Public Procurement Contracts (17 Sep 2025)

Paschal Donohoe: I can confirm to the Deputy that my Department has published both Q1 and Q2 2025 reports of purchase orders over €20,000 in line with the FOI model publication scheme requirements. The web links to both reports are: www.gov.ie/en/department-of-finance/publications/payments-to -suppliers-purchase-orders-over-20000-q1-2025/ ...

Written Answers — Department of Finance: Public Procurement Contracts (17 Sep 2025)

Paschal Donohoe: I would like to inform the Deputy that my Department has published the quarterly purchase orders reports for goods and services exceeding €20,000 in a CSV format in accordance with the requirements of S.I. 376/2021. The link to the published reports is included below. My Department is committed to openness and transparency in all aspects of our work, and continues to review its...

Written Answers — Department of Finance: Customs and Excise (17 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 281, 282, 283, 284, 285, 286 and 287 together. I am advised that Revenue, through its Investigation, Prosecution and Frontier Management Division (IPFMD), is responsible for implementing customs controls on traffic entering the EU through Irish ports and airports. This includes customs clearance of goods, the collection of customs duty and associated VAT. It...

Written Answers — Department of Finance: Climate Change Policy (17 Sep 2025)

Paschal Donohoe: All liquid fuels, including biofuels such as hydrotreated/hydrogenated vegetable oil (HVO), are subject to Value-Added Tax (VAT), and to excise duty in the form of Mineral Oil Tax (MOT). The VAT rating of goods and services is subject to EU VAT law, 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...

Written Answers — Department of Finance: Tax Yield (17 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 estimates of VAT receipts based on tax returns alone. However, based on the most recently available third-party data on personal consumption expenditure (PCE), the estimated VAT yield from...

Written Answers — Department of Finance: Tax Yield (17 Sep 2025)

Paschal Donohoe: Business activity is identified using the Pan European Nomenclature of Economic Activities (NACE) statistical classification code. I am advised by Revenue that information on the specific activities requested is not separately identifiable because the NACE classification system does not uniquely identify such activities. However, the Deputy may be interested to note the net collection in...

Written Answers — Department of Finance: Tax Credits (17 Sep 2025)

Paschal Donohoe: There are currently no specific reliefs or supports in place for the fashion and design industry. As a small open economy, connected to Europe, the US and the wider world, Ireland has been and is committed to a competitive, transparent and stable corporation tax system. The trading profits of companies in Ireland are generally taxed at the standard corporation tax rate of 12.5%, with...

Written Answers — Department of Finance: Departmental Policies (17 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 292, 293 and 294 together. Tax relief for costs relating to assistance dogs may currently be available under section 469 of the Taxes Consolidation Act (“TCA”) 1997. Section 469 TCA 1997 provides for tax relief where an individual proves that he or she has incurred costs in respect of qualifying health expenses. Only “health...

Written Answers — Department of Finance: Tax Credits (17 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 295 and 296 together. As the Deputy will appreciate, decisions regarding taxation measures are made in the context of the annual Budget and Finance Bill processes, at the appropriate time, and having regard to the sound management of the public finances. It is a longstanding practice of the Minister for Finance not to comment in advance of the Budget on...

Written Answers — Department of Finance: Tax Code (17 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law is required 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 categories of goods and services specified in Annex III of the VAT Directive, in respect of which...

Written Answers — Department of Finance: Departmental Policies (17 Sep 2025)

Paschal Donohoe: The Tax Strategy Group (TSG) is in place since the early 1990s and is chaired by the Department of Finance with membership comprising senior officials and political advisers from a number of Civil Service Departments and Offices. Its terms of reference are as follows:To examine and develop proposals for measures in the areas of taxation, PRSI and levies, for Budget and Finance Bill within...

Written Answers — Department of Finance: State Bodies (17 Sep 2025)

Paschal Donohoe: The NTMA has advised me that ISIF committed in 2018 and 2020 to invest up to €25m to the Irish Whiskey Growth Fund. As per the 2024 NTMA Annual report, as at the end of December 2024, ISIF has a commitment of €22m to the Irish Whiskey Growth Fund. The Fund provides capital to Irish whiskey distilleries by way of stock-finance or direct stock-purchasing, supporting the growth of...

Written Answers — Department of Finance: Tax Code (17 Sep 2025)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice for the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. The 2012 report of the Inter-departmental Group on the Design of a Local Property Tax comprehensively examined the basis of assessment for the Local Property Tax (LPT), including both the...

Written Answers — Department of Finance: Tax Reliefs (17 Sep 2025)

Paschal Donohoe: I thank the Deputy for clarifying that his question relates to Capital Gains Tax retirement relief and Capital Acquisitions Tax agricultural relief. Prior to Finance Act 2017, agricultural land which was leased for solar panels was not classified as qualifying agricultural property for the purposes of Capital Gains Tax retirement relief or agricultural relief from Capital Acquisitions...

Written Answers — Department of Finance: Tax Code (17 Sep 2025)

Paschal Donohoe: An Investment Limited Partnerships (ILP) is a partnership agreement between one or more general partners and one or more limited partners under the ILP 2020 Act. ILPs are one of the five legal entity options for Irish domiciled funds. ILPs are commonly used to invest in private market assets such as equity and debt issued by privately owned companies. ILPs authorised on or after 13...