Written answers

Monday, 8 September 2025

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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553. To ask the Minister for Finance the estimated revenue that would raised by increasing the remote betting duty by 1%; if there are any restrictions on the ability of the State to apply differing rates of betting duty and remote betting duty; and if he will make a statement on the matter. [46554/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that Remote Betting Duty is provided for in Section 67A of the Finance Act 2002 (as amended) and is currently set at a rate of 2% on the turnover of all bets placed with a licenced bookmaker by remote means.

I am further advised that the estimated revenue that would be raised by increasing Remote Betting Duty by 1% is €32m. This estimate does not account for any behavioural change arising from such a change.

However, any proposal that provides for differentiated betting tax rates, favouring one sector of the industry over other sectors, would, by its nature, give rise to significant EU State Aid concerns.

Betting Duty data, including the duty collected, the value of bets placed and associated rates of duty, are available on the Revenue website at the following link: www.revenue.ie/en/corporate/information-about-revenue/statistics/excise/betting-duty/index.aspx

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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554. To ask the Minister for Finance if the estimated cost of abolishing the LPT assumes a 0% adjustment at each local authority; or to clarify the level of assumed adjustment within the costing; and if he will make a statement on the matter. [46555/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the estimated cost of abolishing LPT, provided in reply to the Deputy’s questions 43866-25 to 43869-25, includes the Local Adjustment Factor (LAF) decisions by local authorities for the 2025 LPT liability.

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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555. To ask the Minister for Finance what share of mortgages with non-lending non-banks also known as vulture funds are on interest only mortgages; and if he will make a statement on the matter. [46556/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank of Ireland advises that it does not publish data on interest only mortgages specifically for non-lending non-bank regulated entities.

However, in its quarterly Mortgage Arrears and Repossessions statistical series the Central Bank publishes data on mortgage restructures by non-bank regulated entities (both lending and non-lending non-banks) and this includes the number of mortgage restructures which are specifically restructured on an interest only basis.

This data indicates that, at end March 2025, there were 140 principal dwelling house non-bank mortgage accounts on an interest only restructure arrangement and there were 19 buy-to-let non-bank mortgage accounts on an interest only restructure arrangement. It should be noted that this data relates only to mortgages which were restructured due to financial distress.

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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556. To ask the Minister for Finance the estimated cost of the Exchequer of implementing a €48.50 per tonne of CO2 emitted from the 1 January 2026 on a first and full-year basis; and if he will make a statement on the matter. [46557/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the estimated cost to the Exchequer of implementing a Carbon Tax rate of €48.50 per tonne of CO2 emitted from the 1 January 2026 is shown in the following table:

Cost Excise €m VAT €m Total €m
First Year Cost 361 36 397
Full Year Cost 429 42 471
These estimates do not account for any behavioural change arising from such a change to Carbon Tax rates.

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