Results 161-180 of 33,883 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: We are considering that at present but there is a meeting taking place, even as we speak, in the OECD regarding the future of that process and what it will mean for international tax co-operation. We are considering what that means for our current corporate tax forecast and we will conclude that work in advance of the White Paper, which we will publish next Friday.

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: It is €3.3 billion that is the annual cost of servicing our national debt and I am aware of that issue on the VAT registration threshold. I will stand to be corrected by the Deputy but I do think it was changed once in recent years but that is it. The cost of changing it is more considerable than you might think but I am aware of it and it is an issue that has been brought up with me...

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: Around €6 billion.

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: Most of the budgets I have done and the budget that the Minister, Deputy Chambers, did last year included indexation.

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: For this budget, though, there are many different competing demands on the tax end. I am not going beyond the €1.5 billion laid out in the summer economic statement. In addition to some of the other demands and needs of which we are aware, we have a number of tax credits that need to be extended. Otherwise, they will come to a very sudden end. All of that has a considerable cost....

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: The Department of Finance recently published Ireland 2040, which aimed to do that from a demographic point of view. Later in the year, we will publish that work that looks at long-term budget planning and economic planning within our country. Nevertheless, the ability to do that, given the number of shocks we have faced in recent years, is not as great as some people think.

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: I am answering the questions, though.

Committee on Budgetary Oversight: Pre-Budget 2026 Engagement (Resumed) (24 Sep 2025)

Paschal Donohoe: A few weeks ago I met the Limerick Chamber of Commerce, as the Minister, Deputy Chambers, did. They raised many of these issues with us. A large part of our answer to that would be is the national development plan that the Minister has outlined here this evening. From a taxation perspective, I am considering measures that will respond to some of the issues that those employers are raising...

Written Answers — Department of Finance: Tax Code (24 Sep 2025)

Paschal Donohoe: 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. Under Irish VAT legislation, professional medical care services supplied by recognised medical professionals who are registered on a statutory register in the State are generally exempt from VAT. The Department of Health is responsible for the...

Written Answers — Department of Finance: Tax Reliefs (24 Sep 2025)

Paschal Donohoe: 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 carried out or advised by a practitioner, will qualify for tax relief. Broadly, health care...

Written Answers — Department of Finance: Trade Relations (24 Sep 2025)

Paschal Donohoe: The EU and US have now reached a deal on reciprocal trade. While the imposition of tariffs is, of course, regrettable, this deal represents a more optimal outcome for households and firms than the alternative landscape that would have almost certainly included higher tariffs, scope for retaliation and escalation and ultimately a higher degree of uncertainty. Having said that, the...

Written Answers — Department of Finance: Tax Reliefs (24 Sep 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 my...

Written Answers — Department of Finance: Banking Sector (24 Sep 2025)

Paschal Donohoe: Recognising that the State has significantly divested from its bank shareholdings, and in line with the Programme for Government commitment to complete the task of normalising the domestic banking system, in June 2025 I announced that the maximum pay cap would be removed for both AIB and PTSB, having already done so for BOI in 2022. This decision was taken to ensure a level playing field...

Written Answers — Department of Finance: Official Engagements (24 Sep 2025)

Paschal Donohoe: Minister of State for Financial Services, Credit Unions, and Insurance, Robert Troy TD, recently led a trade mission to New York focused on the continued development of Ireland’s international financial services sector. This included a range of engagements, including with Enterprise Ireland and IDA clients, philanthropic organisations, industry groups, and private industry. The...

Written Answers — Department of Finance: Tax Data (24 Sep 2025)

Paschal Donohoe: The Tax Policy Changes document, published as part of Budget 2025, sets out the first and full year cost of Budget 2025 tax policy measures. The carryover cost is calculated from the difference between the first year cost of the measure (2025) and the impact on a full year. The impact of carryover is reviewed as part of the budgetary process, with a number of factors to be considered,...

Written Answers — Department of Finance: Tax Data (24 Sep 2025)

Paschal Donohoe: I note the Deputy's question on taxation measures expiring at the end of 2025. The following measures are due to expire at the end of 2025: No. Type Name 1 CGT CGT Farm Restructuring Relief 2 Stamp Duty Residential Development Refund Scheme 3 Stamp Duty Young...

Written Answers — Department of Finance: Local Authorities (23 Sep 2025)

Paschal Donohoe: RZLT is an annual tax, calculated at a rate of 3% of the market value of the land within its scope, known as a relevant site. Relevant sites are identified by reference to maps published by local authorities, which are revised on an annual basis, and reflect land that the local authority has determined meets the relevant criteria for the tax, being that the land is zoned for residential or...

Written Answers — Department of Finance: Tax Yield (23 Sep 2025)

Paschal Donohoe: The Deputy is seeking details on the amount of revenue raised from the operation of the deemed disposal rules under the Capital Gains Tax system. I understand this to be a reference to the eight-year deemed disposal rule that applies to investment undertakings. Section 58 of the Finance Act, 2000 introduced the gross roll-up taxation regime for certain categories of investment undertakings....

Written Answers — Department of Finance: Middle East (23 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 207 and 208 together. I wish to advise the Deputy that the Department of Finance has not made any payments to suppliers located in the specified jurisdictions in the past two years.

Written Answers — Department of Finance: Tax Reliefs (23 Sep 2025)

Paschal Donohoe: In line with best practice, and as with all proposals for the introduction of new tax measures or the amendment of existing tax reliefs, the proposal should be assessed in accordance with the Department of Finance Tax Expenditure Guidelines. The guidelines make clear the importance that any policy proposal which involves tax expenditures should only occur in limited circumstances where there...