Results 801-820 of 34,380 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Rental Sector (8 Sep 2025)

Paschal Donohoe: The Rent Tax Credit (RTC), as provided for in section 473B of the Taxes Consolidation Act 1997 (TCA 1997), was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. For the years 2022 and 2023 the Rent Tax Credit is valued at a maximum of €500 per single individual and €1,000 per jointly assessed...

Written Answers — Department of Finance: International Agreements (8 Sep 2025)

Paschal Donohoe: Ireland is focused on supporting and enhancing its economic relationship with Brazil to the greatest extent possible. Brazil is a valued and important trading partner for Ireland with whom we have an extensive two-way relationship in terms of people, business and diplomatic ties. Several Irish companies have based their Latin American headquarters in Brazil. Ireland's longstanding tax...

Written Answers — Department of Finance: Data Protection (8 Sep 2025)

Paschal Donohoe: I have consulted with the Data Protection Commission and the Central Bank of Ireland on this matter. Under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended (‘the CJA 2010’), the Central Bank of Ireland (‘Central Bank’) is the competent authority responsible for supervision of the financial sector’s compliance with the...

Written Answers — Department of Finance: Mortgage Resolution Processes (8 Sep 2025)

Paschal Donohoe: There are a range of consumer protections and debt resolution mechanisms already in place. The Central Bank of Ireland maintains a consumer protection framework including the Code of Conduct on Mortgage Arrears. Each regulated entity, be that a bank, retail credit firm or credit servicing firm is bound by this code and must consider a borrower’s situation in the context of the...

Written Answers — Department of Finance: Planning Issues (8 Sep 2025)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997 (TCA 1997). RZLT is designed to prompt residential development by owners of land that is zoned for residential or mixed-use (including residential) purposes and that is serviced. RZLT is an annual tax, calculated at a rate of 3% of the market value of the land within its scope,...

Written Answers — Department of Finance: State Bodies (8 Sep 2025)

Paschal Donohoe: The National Treasury Management Agency (NTMA) has informed me that ISIF’s exposure to companies involved in specified activities in the occupied Palestinian territories as listed on the UN Office of the High Commissioner for Human Rights database (the “UN Database” June 2023) as reported in the NTMA Annual Report for year end 2024 are €7.76 million. During...

Written Answers — Department of Finance: Departmental Reviews (8 Sep 2025)

Paschal Donohoe: I note the Deputy refers to a report previously published by my predecessor, Minister Chambers. In October 2024, Minister Chambers published the ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’, a wide-ranging review of the funds and asset management sector. The Funds Review Report sets out a series of recommendations to ensure that, in pursuit...

Written Answers — Department of Finance: Interest Rates (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 521, 529, 530 and 551 together. The European Central Bank (ECB) increased interest rates over the course of 2022 and 2023 as it moved to combat excess price inflation. However, from mid-2024 the ECB has progressively reduced its main official lending rate to its current level of 2.15%. In relation to tracker interest rate mortgages, the Central Bank...

Written Answers — Department of Finance: State Savings Schemes (8 Sep 2025)

Paschal Donohoe: On 22 October 2024 ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’ was published. It was a wide-ranging review of the funds and asset management sector. The terms of reference included review of the taxation regimes for funds, life assurance policies and other related investment products. As part of this aspect of the review, proposals made...

Written Answers — Department of Finance: Mortgage Interest Rates (8 Sep 2025)

Paschal Donohoe: The European Central Bank (ECB) increased interest rates over the course of 2022 and 2023 as it moved to combat excess price inflation. However, from mid-2024 the ECB has progressively reduced its main official lending rate to its current level of 2.15%. While official interest rates set by the ECB generally influence the overall level of interest rates throughout the economy, other...

Written Answers — Department of Finance: Tax Code (8 Sep 2025)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law is obliged to comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they are either specifically exempt from VAT or they fall within the categories listed in Annex III of the Directive, to which Member States...

Written Answers — Department of Finance: Tax Exemptions (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 525 and 527 together. Micro-generation of electricity is the small-scale production of electricity by consumers who generate electricity at their own homes for their own consumption and sell the excess electricity produced to the grid. Section 216D of the Taxes Consolidation Act 1997 provides that profits of up to €400 per year arising to an...

Written Answers — Department of Finance: Tax Reliefs (8 Sep 2025)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act (“TCA”) 1997 provides for tax relief where an individual proves that they have incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which have been carried out or advised by a practitioner, will qualify for tax relief. Broadly,...

Written Answers — Department of Finance: Electric Vehicles (8 Sep 2025)

Paschal Donohoe: Vehicle weights across all engine types are progressively increasing due to a range of factors, such as fleet electrification, the rising popularity of SUVs and larger vehicles, vehicle emissions regulations, stricter safety regulations, technology improvements and consumer preferences. This weight upsurge raises several issues. Heavier vehicles, be they internal combustion engine (ICE) cars...

Written Answers — Department of Finance: Tax Code (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 531 and 540 together. I am advised by Revenue that if the tools are being brought into Ireland from another EU Member State, then no tax is payable on the tools. If the tools are being imported into the State from a non-EU country, then Customs duty and VAT may be chargeable on the tools. However, in the scenario outlined by the Deputy, there are two...

Written Answers — Department of Finance: Tax Data (8 Sep 2025)

Paschal Donohoe: As the Deputy will be aware, Exchequer data is published on a monthly basis in the Fiscal Monitors and is available online at the following link: www.gov.ie/en/department-of-finance/collections/latest-fisca l-monitors/. The figures are reproduced in the table below for the Deputy's convenience. Non tax exchequer revenue from motoring fines (2016 to date) Year Total...

Written Answers — Department of Finance: Tax Data (8 Sep 2025)

Paschal Donohoe: In order to comply with the 2016 State aid decision of the European Commission, €14.285 billion was recovered over the course of 2018 and placed into the Escrow Fund. This included the State aid required to be recovered and relevant EU interest. The recovery amount was calculated by the Revenue Commissioners on the basis of the Decision. In general, the Escrow Fund could not be...

Written Answers — Department of Finance: Revenue Commissioners (8 Sep 2025)

Paschal Donohoe: The Irish tax system operates on a self-assessment basis, where the onus is on taxpayers to meet their obligations for filing and paying their taxes correctly and on time. Revenue’s goal is to ensure that all taxpayers and businesses meet their tax obligations in a timely manner and pay liabilities as they fall due. The due date for payment of taxes is set out in the various tax acts,...

Written Answers — Department of Finance: Regulatory Bodies (8 Sep 2025)

Paschal Donohoe: In relation to the 496 complaints to the FSPO that the Deputy references from PQ 21473-25, the FSPO has advised that 405 (82%) are banking related. PQ 21473-25 set out that 201 complaints were on hold at some stage and 64 were closed and reopened at some point. It should be noted that some of those which were on hold at some stage were also closed and reopened. In total, 254 complaints...

Written Answers — Department of Finance: Central Bank of Ireland (8 Sep 2025)

Paschal Donohoe: I propose to take Questions Nos. 536, 562, 574, 575, 577, 578, 579, 580 and 581 together. The Prospectus Regulation provides for the transfer of the approval of a prospectus to the competent authority of another EU Member State, however the Central Bank of Ireland cannot comment on individual supervisory engagements owing to its professional secrecy obligations. On the morning of 01...