Results 1-20 of 19,764 for speaker:Paschal Donohoe in 'Written Answers'

Written Answers — Department of Finance: Tax Reliefs (3 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. An increase in the supply of new housing remains a central and priority aim of Government policy. For this reason, HTB is specifically designed to encourage an increase in demand for new build homes in order to support the construction of an...

Written Answers — Department of Finance: Tax Reliefs (3 Jul 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 (“TCA”) provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. These can be costs paid for by the individual in respect of their own health expenses, those of a family member or any other individual. Only “health expenses” incurred in the provision...

Written Answers — Department of Finance: Vehicle Registration Tax (3 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 178 and 179 together. The Finance Act 1992, as amended, provides for the registration of vehicles, the charging of vehicle registration tax (VRT) and the assignment of a unique identification mark to each vehicle upon registration. The Vehicle Registration and Taxation Regulations, 1992 (as amended), set out the detailed requirements for the format of...

Written Answers — Department of Finance: Pension Levy (3 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 180 and 181 together. I assume the pension levy the Deputy is referring to is the levy which was charged on pension schemes from 2011 to 2015 in accordance with section 125B Stamp Duties Consolidation Act 1999. This levy was not specific to Aer Lingus but was rather a levy that applied to pension schemes generally. The levy was introduced in 2011...

Written Answers — Department of Finance: Tax Clearance Certificates (3 Jul 2025)

Paschal Donohoe: As the Deputy is aware, the Minister for Housing, Local Government and Heritage has policy responsibility for the Housing Assistance Payment (HAP). Revenue have advised me that a 20% withholding tax still applies where income is paid directly to a non-Irish resident, although the system for remitting withholding tax from rent changed in 2023. Revenue have confirmed to me that it does not...

Written Answers — Department of Finance: Tax Collection (3 Jul 2025)

Paschal Donohoe: Section 1041 of the Taxes Consolidation Act 1997 (TCA) requires a person (i.e. a tenant) making a rental payment directly to a non-Irish resident person is required to deduct a sum equal to income tax at the standard rate (currently 20%) and remit that amount to Revenue along with a copy of the Form R185. This is known as the Non-resident Landlord Withholding Tax (NLWT). Where the rental...

Written Answers — Department of Finance: Fiscal Data (3 Jul 2025)

Paschal Donohoe: As the Deputy is aware, the State held 3.5 billion of preference shares in AIB. The interest payable on these securities was €280 million per annum and was payable in cash, or in ordinary shares in the event of non-payment in cash. AIB issued ordinary shares to the State in lieu of the dividend due each May between 2010 and 2014 but in 2015 received a cash dividend of €280m for...

Written Answers — Department of Finance: National Asset Management Agency (3 Jul 2025)

Paschal Donohoe: The Deputy will be aware that, as previously communicated in the NAMA Annual Report and Financial Statements 2024, NAMA commenced its final Voluntary Redundancy Scheme (VRS) in 2024. I am advised by the NTMA that the majority of employees assigned to NAMA are expected to leave via this programme on a staggered basis in conjunction with the dissolution of NAMA. Of this cohort of...

Written Answers — Department of Finance: Tax Data (3 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 186 to 189, inclusive, together. In relation to Dail Question No. 186 (Ref: 36792/25). I am advised by Revenue that the below table outlines the total number of residential units owned by the 187 landlords with over 100 properties each; the total number of residential units owned by the 186 landlords with between 50 - 99 properties each; the total number of...

Written Answers — Department of Finance: Tax Exemptions (3 Jul 2025)

Paschal Donohoe: I propose to take Questions Nos. 190 and 192 together. Under sections 77 and 78 of CATCA 2003, CAT gifts and inheritances of pictures, prints, books, manuscripts, works of art, jewellery, scientific collections or other things not held for the purposes of trading may be exempt from CAT where the following conditions are satisfied: (1) the property is of national, scientific, historic or...

Written Answers — Department of Finance: Tax Reliefs (3 Jul 2025)

Paschal Donohoe: Section 482 of the Taxes Consolidation Act 1997 (TCA) was introduced for the purpose of assisting the preservation of our built heritage, by giving tax relief to the owners or occupiers of significant buildings or gardens on the expenditure incurred by them on the repair, maintenance and restoration of those properties. Section 482 TCA provides tax relief from income tax at the marginal rate...

Written Answers — Department of Finance: Insurance Industry (3 Jul 2025)

Paschal Donohoe: At the outset, I wish to acknowledge the difficulties experienced by the outdoor recreation sector in securing affordable and sustainable public liability insurance. I thank the Deputy for raising this issue. Outdoor activity providers make a valuable contribution to our economy and society by supporting tourism, local employment and wellbeing in rural and urban communities alike. It is...

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...