Results 1-20 of 19,752 for speaker:Paschal Donohoe in 'Written Answers'

Written Answers — Department of Finance: Tax Reliefs (2 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 63 to 66, inclusive, together. 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...

Written Answers — Department of Finance: Tax Credits (2 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 67 and 68 together. The Research and Development (R&D) Tax Credit is an important feature of the Irish CT system. It forms part of a suite of corporation tax measures that ensures Ireland remains an attractive location for both domestic and inward investment and building an innovation-driven domestic enterprise sector. The primary policy objective is...

Written Answers — Department of Finance: Tax Reliefs (2 Jul 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. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. The legislation governing the HTB scheme is set out in section 477C...

Written Answers — Department of Finance: Tax Exemptions (2 Jul 2025)

Paschal Donohoe: It is assumed that the Deputy is referring to the Disabled Drivers and Disabled Passengers Scheme (DDS). The DDS provides relief from VRT and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The maximum VRT and VAT reliefs under DDS provisions are set according the nature of the Primary Medical Certificate holder as a disabled driver or a disabled...

Written Answers — Department of Finance: Tax Code (2 Jul 2025)

Paschal Donohoe: Ireland's headline Capital Gains Tax (CGT) rate is 33%. It is paid on the chargeable capital gain made when a person disposes of an asset. The chargeable gain is usually the difference between the price paid for the asset and the price it is disposed of for. CGT is payable by the person making the disposal., The existence of a 33% rate of CGT can help maintain a balance between the...

Written Answers — Department of Finance: Housing Provision (1 Jul 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 the...

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: The Tax Credit for Unscripted Productions provides a corporation tax credit for expenditure incurred on the development of unscripted programmes and will be available at a rate of 20% of certain production expenditure up to a maximum limit of €15 million per project. The incentive is designed to support the expression of Irish and European culture in the fast-growing unscripted...

Written Answers — Department of Finance: Tax Data (1 Jul 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 must comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within those listed in Annex III, in respect of which Member States may apply a lower rate. The Directive also allows for a Member State’s...

Written Answers — Department of Finance: Departmental Reports (1 Jul 2025)

Paschal Donohoe: The said report on Ireland’s E-Liquid Products Tax (EPT), as legislated for in Chapter 1 of Part 2 of Finance Act 2024, was shared with my department by industry in recent months. The report details the potential impacts of the EPT on the Irish market the implications of the tax structure. The report underlines that the Irish tax rate of €0.50 per millilitre, which will apply to...

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: Acknowledging the challenging circumstances that face those dealing with bereavement, the Irish income tax code contains favourable provisions relating to the tax treatment of widowed persons. In the year of bereavement, a widowed person is entitled to the same personal tax credits as a married couple, if they were jointly assessed to tax, and the assessable spouse or nominated civil...

Written Answers — Department of Finance: State Savings Schemes (1 Jul 2025)

Paschal Donohoe: The NTMA have informed me that a Post Office Savings Bank account forming part of the Ireland State Savings range of products offered by the National Treasury Management Agency may be frozen for a number of reasons, including regulatory or operational issues. The temporary freezing of such an account does not constitute a default, including a temporary default, of Government debt, and...

Written Answers — Department of Finance: Insurance Coverage (1 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 257 and 258 together. As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. Insurers use their own mapping and modelling tools for assessing the level of risk that they are willing to underwrite in relation to individual properties....

Written Answers — Department of Finance: Vehicle Registration Tax (1 Jul 2025)

Paschal Donohoe: The registration of vehicles is a mandatory requirement in all EU Member Countries. In some countries, including Ireland (the State), it is used as an event at which a tax is collected. This tax is known as Vehicle Registration Tax (VRT) and was introduced in the Finance Act 1992. VRT is required to be paid at the time that a vehicle is registered in the State, and within 30 days of that...

Written Answers — Department of Finance: Departmental Contracts (1 Jul 2025)

Paschal Donohoe: I wish to advise the Deputy that my Department has no records of any contracts valued over €10 million in the last five years. The bodies under the aegis of my Department have provided the below information. Central Bank of Ireland The Central Bank has included details of all relevant contracts signed in the years 2020 – 2025. Year Public services...

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: I am advised that Revenue is not aware of any regulatory changes that would limit the amount of tax that can be paid by Debit Card to €500. Some card providers have limits on the amounts that can be paid but these limits are controlled by the card providers rather than by Revenue. If some taxpayers are experiencing difficulties, Revenue advise they contact their card provider to...

Written Answers — Department of Finance: Vehicle Registration Tax (1 Jul 2025)

Paschal Donohoe: The registration of vehicles is a mandatory requirement in all EU member countries. In some countries, including Ireland (the State), it is used as an event at which a tax is collected. This tax is known as Vehicle Registration Tax (VRT) and was introduced in the Finance Act 1992. VRT is required to be paid at the time that a vehicle is registered in the State, and within 30 days of that...

Written Answers — Department of Finance: Land Issues (1 Jul 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. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. The legislation governing the HTB scheme is set out in section 477C...

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 264 and 266 together. The rules relating to Real Estate Investment Trusts (REITs) in Ireland are contained in Part 25A of the Taxes Consolidation Act 1997. The purpose of the REIT regime is to allow for a collective investment vehicle which provides a comparable after-tax return to investors as direct investment in rental property, by eliminating the double...

Written Answers — Department of Finance: Tax Data (1 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 265 and 267 together. The Irish Real Estate Fund (“IREF”) regime was introduced by Finance Act 2016 and amended by Finance Act 2017 to address concerns over the use of collective investment vehicles by certain non-resident investors to minimise their exposure to Irish tax on Irish property transactions. IREFs are Irish funds, or sub-funds...

Written Answers — Department of Finance: Credit Unions (1 Jul 2025)

Paschal Donohoe: In conjunction with the Credit Union (Amendment) Act 2023, a number of non-legislative actions were agreed in order to encourage transparency of regulatory engagement. One of these actions was the development of an Enhanced Engagement Protocol between the Central Bank and the credit union sector. Throughout the Credit Union (Amendment) Act 2023 legislative process the Central Bank has...