Results 1-20 of 32,924 for speaker:Paschal Donohoe

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

Paschal Donohoe: As the Deputy is aware, a number of tax reliefs are due to 'sunset' at the end of 2025. Consequently, the Department is currently reviewing the following schemes in advance of Budget 2026: Accelerated Capital Allowance (Income Tax) for Slurry Storage In Budget 2023, a scheme was announced to allow for the Accelerated Capital Allowance for Slurry Storage for the construction of slurry...

Written Answers — Department of Finance: Departmental Expenditure (12 Jun 2025)

Paschal Donohoe: I wish to advise the Deputy as there has been no name change at the Department of Finance there will be no associated costs.

Written Answers — Department of Finance: Legislative Process (12 Jun 2025)

Paschal Donohoe: The Attorney General’s advice is privileged and will not be released. However the in recent Dail debates, I spoke to the advice received in the House. My statements on the matter are available here - www.oireachtas.ie/en/debates/debate/dail/2025-05-27/17/ www.oireachtas.ie/en/debates/debate/joint_committee_on_finan ce_public_expenditure_public_service_reform_and_digitalisati...

Written Answers — Department of Finance: Budget 2026 (12 Jun 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: Universal Social Charge (12 Jun 2025)

Paschal Donohoe: I am advised by Revenue that the estimated cost for the simultaneous implementation of the proposals outlined by the Deputy, on a first and full year basis, is €1.56 billion and €1.80 billion respectively.

Written Answers — Department of Finance: Revenue Commissioners (12 Jun 2025)

Paschal Donohoe: As I advised the Deputy in response to Parliamentary Question No. 100 on 26 February last, the transfer of deferred benefits may be made from an occupational pension scheme or a Personal Retirement Savings Account (PRSA) to an overseas pension arrangement, once such a transfer complies with the Occupational Pension Schemes and Personal Retirement Savings Accounts (Overseas Transfer Payments)...

Written Answers — Department of Finance: Revenue Commissioners (12 Jun 2025)

Paschal Donohoe: I am advised that Revenue is currently modernising its Direct Debit Scheme to bring it in line with standard industry practice, and in preparation for a wider modernisation of its payment and banking processes, which is intended to happen over the coming years. Revenue is moving away from the Fixed Direct Debit (FDD) scheme for payment of VAT liabilities, whereby the taxpayer pays an...

Written Answers — Department of Finance: Vacant Properties (12 Jun 2025)

Paschal Donohoe: As the Deputy is aware, Vacant Homes Tax (VHT), announced in Budget 2023, aims to increase the supply of homes for rent or purchase to meet demand. Legislative provision for the tax was made in the Finance Act 2022. A residential property will be within the scope of VHT if it has been occupied as a dwelling for less than 30 days in a chargeable period. Further details on VHT can be found on...

Written Answers — Department of Finance: Central Bank of Ireland (12 Jun 2025)

Paschal Donohoe: The Consumer Protection (Regulation of Credit Servicing Firms) Act 2018 provides that, in relation to a relevant credit agreement, any entity which holds the legal title to the rights of the creditor under the agreement, unless it is already regulated by the Central Bank of Ireland in relation to the provision of credit or servicing a credit agreement, must be authorised by the Central Bank...

Written Answers — Department of Finance: Tax and Social Welfare Codes (12 Jun 2025)

Paschal Donohoe: Further to previous responses to Parliamentary Questions No. 53 of 14 May, No. 36 of 21 May, and No. 137 of 28 May, Subsection (5A) of section 110 requires that the part of a qualifying company's business that relates to its specified property business, including specified mortgages, is treated as a separate business from any other business the company may carry on and, with certain...

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

Paschal Donohoe: I propose to take Questions Nos. 293 and 294 together. In relation to the Deputy's first question on what the cost would be to reverse the carbon tax increase for petrol and diesel in each of the years from 2020 to 2025, as well as the planned increase in 2026: I am advised by Revenue that the estimated full year revenues forgone in 2026 from not proceeding with the planned increase in the...

Written Answers — Department of Finance: Tax Collection (12 Jun 2025)

Paschal Donohoe: In September 2024, my Department published a Carbon Tax Projected Exchequer Revenue Estimates 2024-2030 paper. This paper examines trends in carbon tax exchequer yields in Ireland over the last decade, and provides forward projected estimates of carbon tax yields over the next six years to 2030. This paper is available on my Department's website:. Additional annual revenue raised from...

Written Answers — Department of Finance: Tax Collection (12 Jun 2025)

Paschal Donohoe: Tax policy measure costings at the time of their introduction are set out in the Tax Policy Changes booklet published as part of the Budget Day documentation. The rent tax credit was originally introduced in Budget 2023. The estimated cost was set out in the Tax Policy Changes booklet, available at: The measure was amended in Budget 2024. The estimated cost of the amendment is likewise...

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

Paschal Donohoe: The Deputy may wish to note that a Post-Budget 2025 Ready Reckoner is available on the Revenue Statistics webpage at: The Ready Reckoner shows a wide range of detailed information, including the estimated cost or yield to the Exchequer of widening the standard tax rate bands. These figures are based on 2025 estimates from the Revenue tax forecasting model using latest actual data for the...

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

Paschal Donohoe: The estimated cost of increasing the main tax credits can be found in the Revenue Ready Reckoner (Post Budget 2025 – page 5), available on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/ready-recko ner.pdf These figures are based on 2025 estimates from the Revenue tax forecasting model using latest actual data for the year 2022, adjusted as necessary for...

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

Paschal Donohoe: The Defective Concrete Products Levy (DCPL) is provided for in Part 18E of the Taxes Consolidation Act (TCA) 1997. The DCPL was introduced by section 99 of the Finance Act 2022, and was amended in section 93 of the Finance (No.2) Act 2023. The levy is calculated at 5% of the open market value of products within the charge of the levy on the date of their first supply. The concrete products...

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

Paschal Donohoe: Following clarification from the Deputy’s office, it was confirmed that the removal of credits will apply to the personal tax credit, PAYE tax credit and the earned income tax credit. In addition, that the credits will be removed in a tapered way by 2.5% per €1,000, resulting in no benefit from these tax credits for those on incomes in excess of €140,0000. Further, it is...

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

Paschal Donohoe: An Air Travel Tax (ATT) applied to departures of passengers on flights from certain Irish airports from 30 March 2009 until 1 April 2014. Initially, there were two different rates of tax charged, €10 for each passenger flying to an airport more than 300 km from Dublin Airport (long-haul), and €2 per passenger flying to any other airport within 300 km from Dublin airport...

Ending the Central Bank’s Facilitation of the Sale of Israel Bonds: Motion [Private Members] (11 Jun 2025)

Paschal Donohoe: I move amendment No. 1: To delete all words after "Dail Éireann" and substitute the following: "notes that, the Government: — condemns the renewed Israeli military offensive and plans to establish full control of the Gaza Strip; — urges all parties to return to talks aimed at securing an immediate ceasefire and hostage release deal; — recalls that Ireland...

Written Answers — Department of Finance: Local Authorities (11 Jun 2025)

Paschal Donohoe: Budget 2025 included more than €6 billion in capital spending for housing, including direct Exchequer spending, investment by the Land Development Agency and borrowing by the Housing Finance Agency. This level of public spending supports the State’s involvement in every aspect of housing — land purchase, construction, purchasing and funding through a number of channels...