Results 1-20 of 34,411 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Yield (13 Nov 2025)

Paschal Donohoe: I am advised by Revenue that the Local Property Tax (LPT) liability in Donegal since LPT was introduced in 2013 is provided in the table below. Liability is based on returns filed and payments received. Year LPT liability €m Year to date October 2025 11 2024 11 2023 11 ...

Written Answers — Department of Finance: Tax Code (13 Nov 2025)

Paschal Donohoe: I propose to take Questions Nos. 226 and 227 together. Capital Acquisitions Tax was reviewed by my officials this year as part of the annual Tax Strategy Group papers. The paper set out policy considerations and modelled costs for changes to the existing Capital Acquisition Taxes regime. A link can be found here: . Capital Acquisition Tax along with all tax heads is kept under review...

Written Answers — Department of Finance: Pensions Reform (13 Nov 2025)

Paschal Donohoe: The introduction of the Automatic Enrolment Retirement Savings System, known as AE, is a landmark reform, and important Programme for Government Commitment, designed to get people to save for their retirement earlier, thereby helping them to sustain a reasonable standard of living in their old age. It is also designed to support the long-term sustainability of the pension system more...

Written Answers — Department of Finance: Departmental Properties (13 Nov 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department does not own any properties and is provided with accommodation by the OPW.

Written Answers — Department of Finance: Vehicle Registration Tax (12 Nov 2025)

Paschal Donohoe: The correspondence provided by the Deputy concerns consumer protection for the purchasers of imported vehicles and suggests some measures to strengthen this. I will respond to the points raised that are relevant to my remit as Minister for Finance and to Revenue’s role as vehicle registration authority. Section 131 of Finance Act 1992 (as amended) provides that all vehicles in the...

Written Answers — Department of Finance: Tax Collection (12 Nov 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 new tax will replace the Derelict Sites Levy and will be collected by the Revenue Commissioners. Introducing this new tax will take time to ensure that Revenue and local authorities can put in place the necessary...

Written Answers — Department of Finance: Tax Code (12 Nov 2025)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances that is payable by the beneficiary of a gift or inheritance on the value of the property received. The relationship between the person providing the gift or inheritance (the disponer) and the person receiving it (the beneficiary) determines the tax-free threshold (Group threshold) below which CAT does not arise. Any prior...

Written Answers — Department of Finance: Tax Yield (12 Nov 2025)

Paschal Donohoe: Local property tax (LPT) is a self-assessed tax charged on the market value of residential properties in the State, which is collected by Revenue. The number of homes which move into a higher band will be determined by the self-assessed returns by homeowners. Therefore, it is not possible to provide a definitive answer to the Deputy’s question. Earlier this year, officials in...

Written Answers — Department of Finance: Tax Yield (12 Nov 2025)

Paschal Donohoe: The Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025 was enacted in July. This provided for, inter alia, an increase of 20% in the valuation bands for LPT for the valuation period 2026-2030. Earlier this year, officials in Revenue’s Statistics Branch conducted an extensive modelling and valuation exercise in respect of LPT liable properties. The purpose of this...

Written Answers — Department of Finance: Public Procurement Contracts (12 Nov 2025)

Paschal Donohoe: I can inform the Deputy that in the time frame specified, there was just one contract which underwent a post contract award variation. Details of which can be found below: CPV Code: 79530000 Original Value of Contract: €3,321 Value after post-award variation: €4,207 Driver: ...

Written Answers — Department of Finance: Tax Data (12 Nov 2025)

Paschal Donohoe: I propose to take Questions Nos. 373 and 374 together. I am advised by Revenue that the table below provides cumulative and average income tax and USC liability broken down by age bracket. This relates to 2023, the latest year for which data is available. Revenue data is provided on a taxpayer unit basis, where jointly assessed couples are counted as one taxpayer unit. In the case of...

Written Answers — Department of Finance: Tax Data (12 Nov 2025)

Paschal Donohoe: The Department of Finance undertakes research and analysis across a wide range of policy areas, in order to consider and assess the potential impacts on Ireland’s economy and public finances. The recent publication of the Department's Future Forty report highlights and assesses a number of key economic and fiscal drivers which may affect Ireland's economy and public finances over the...

Written Answers — Department of Finance: Tax Code (12 Nov 2025)

Paschal Donohoe: There have been significant changes made to the structure of the Irish tax system over the last two decades, which have broadened the tax base substantially, including the introduction of the Universal Social Charge, Local Property Tax and Carbon Tax. Furthermore, many tax expenditures have been phased out. Additionally, in 2021 Government established the Commission on Taxation and Welfare,...

Written Answers — Department of Finance: Tax Credits (12 Nov 2025)

Paschal Donohoe: My Department has not commissioned an external assessment of the Rent Tax Credit (RTC). However, as part of the Budget 2026 process, it has recently conducted and published a review of the RTC which can be found at: assets.gov.ie/static/documents/ed5adb7f/A_Review_of_the_Rent _Tax_Credit_Budget_2026.pdf. This review includes analysis of RTC claims by income, with further details set out...

Written Answers — Department of Finance: Tax Reliefs (12 Nov 2025)

Paschal Donohoe: Given the centrality of housing to the achievement of Government’s wider societal and economic goals, the Department of Finance closely monitors all aspects of the housing market including building activity, the labour market, costs and prices. Department officials will continue to closely monitor developments in the housing market, including in relation to new apartments.

Written Answers — Department of Finance: Tax Reliefs (12 Nov 2025)

Paschal Donohoe: The Residential Development Stamp Duty Refund Scheme provides for a partial repayment of Stamp Duty paid on the acquisition of land where the land is subsequently developed for residential purposes. The Scheme was introduced to encourage residential property development and, as such, contains strict conditions designed to satisfy this policy intent. These include the condition that...

Written Answers — Department of Finance: Tax Reliefs (12 Nov 2025)

Paschal Donohoe: The high costs of apartment construction is rendering them not economically viable in the current market, preventing their construction in the numbers required to meet national housing targets. As one element of the Government's overall strategy to accelerate housing delivery, in Budget 2026 I introduced a new enhanced corporation tax deduction of 125% of certain qualifying costs, up to a...

Written Answers — Department of Finance: Debt Restructuring (12 Nov 2025)

Paschal Donohoe: I understand that this question refers to a paper published by Social Justice Ireland which suggests the development of a European-wide public debt warehousing strategy to be financed by a 100 year ECB bond. I can inform the Deputy that no discussions in relation to such a strategy have taken place at a European level, in either the Economic and Financial Committee of the Council of the...

Written Answers — Department of Finance: Tax Yield (12 Nov 2025)

Paschal Donohoe: I am informed by Revenue that the total amount of Capital Acquisitions Tax received in 2024 (comprising gift tax and inheritance tax) was €849.7 million. The amounts broken down by Group thresholds for 2024 are shown below: Inheritance TaxGroup A - €298.2mGroup B - €338.9mGroup C - €87.8mGift TaxGroup A - €91.8mGroup B - €21.3mGroup C -...

Written Answers — Department of Finance: Insurance Coverage (12 Nov 2025)

Paschal Donohoe: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. The issue of under-insurance occurs when the sum insured on a property is less than the amount it would cost to rebuild or reinstate the property. According to the Central Bank of Ireland, this can leave a policyholder...