Written Answers Nos. 251-272
251. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated full-year cost of abolishing USC for all earners and replacing it with a higher income social charge of 10% on all earnings over €100,000 per year; the estimated revenue that would be generated by the introduction of this new higher income social charge; and if he will make a statement on the matter. [51297/26]
Amharc ar fhreagraI am advised by Revenue that the current estimated yield from the Universal Social Charge (USC) in 2026 is €5.9 billion.
I am further advised by Revenue that the estimated yield in 2026 of restructuring the USC rates and bands so that only individual income in excess of €100,000 would be subject to a charge, at a rate of 10%, is an estimated €2.4 billion on a full year basis.
Therefore, the estimated net cost of the proposals outlined by the Deputy is €3.5 billion on a full year basis.
All figures are estimates for 2026 based on Revenue’s micro-simulation tool Tax Modeller, based on actual returns for the latest year currently available for analysis, 2023, and adjusted for income and population changes in the interim.
252. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated total cost of a refundable tax credit to those on low and irregular incomes who do not fully utilise all of their existing credits; and if he will make a statement on the matter. [51298/26]
Amharc ar fhreagraI have been informed by Revenue that it has not undertaken analysis to estimate a projected impact of refundable tax credits to the Exchequer in the manner outlined by the Deputy, or the administrative cost of establishing the necessary systems to facilitate the refund of tax credits.
My Department has examined the matter of refundable tax credits in the Tax Strategy Group (TSG) process in advance of Budget 2024, and the analysis and findings of the review were published in the Income Tax TSG paper, which is available on the Department of Finance’s website at the following link: www.gov.ie/pdf/?file=https://assets.gov.ie/263911/70cb5fff-21ee-4213-bf52-fd42453e7d42.pdf#page=null.
Overall, the review identified a number of issues concerning refundable tax credits. Introducing such credits would represent a fundamental change to the personal tax system. It could also potentially prove to be very costly and provide relatively little benefit to the majority of individuals, including those working full time and earning at least the national minimum wage because such workers generally fully utilise their tax credits. Furthermore, refundable tax credits could also have potential behavioural impacts on labour supply and reduce the incentive to work or to take on additional work. Implementing a system of refundable tax credits would result in operational and administrative complexities as well as potentially reducing eligibility for some existing supports for low income households. At the time of the review tentative estimates provided by Revenue suggested potential costs could be in the region of €1 billion in relation to making personal tax credits refundable.
However, I am advised by Revenue that analysis of the projected impact of refundable tax credits to the Exchequer in the manner outlined by the Deputy would be highly complex as it would involve assumptions about the manner in which such a system would operate, its possible effects on individuals not currently in the tax net and how such a system might interact with any social protection payments. Further complexity arises as a result of certain tax credits being shareable in the cases of jointly assessed taxpayer units. In the absence of a fully designed scheme of refundable tax credits that addresses all the relevant issues outlined above, an estimated cost of refunding of credits is not available.
253. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated total revenue from raising the effective corporate tax rate to 20% for companies with revenue above €750 million; and if he will make a statement on the matter. [51299/26]
Amharc ar fhreagra255. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated full-year revenue that would be generated by establishing a new levy of 4% on the profits of pharmaceutical companies and private heath companies; and if he will make a statement on the matter. [51301/26]
Amharc ar fhreagra256. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated full-year revenue that would be generated by establishing a new levy of 2.25% on the profits of the largest social media and ICT companies with revenues above €750 million; and if he will make a statement on the matter. [51302/26]
Amharc ar fhreagra257. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated full-year revenue that would be generated by establishing a new levy of 10% on the profits of grocery with more than €50 million in sales and fast-food retailers with more than €25 million in sales; and if he will make a statement on the matter. [51303/26]
Amharc ar fhreagraI propose to take Questions Nos. 253, 255, 256 and 257 together.
I will first address Question No. 253 (Ref: 51299/26), as the Deputy will be aware, Ireland joined the global consensus in reaching a political agreement at the OECD Inclusive Framework on BEPS in October 2021, to sign up to a two-pillared solution to the tax challenges arising from the digitalisation of the economy. Pillar Two of this agreement includes a commitment to introduce a 15 per cent global minimum effective tax rate for multinational enterprises with an annual turnover in excess of €750 million, located in in-scope jurisdictions, through the GloBE Rules. Ireland, together with our fellow EU Member States, implemented Pillar Two by transposing the EU Minimum Tax Directive effective for fiscal years beginning 31 December 2023 and later.
In addition, more than 60 other jurisdictions have implemented all or elements of the Pillar Two framework, with many others having published draft legislation or announcing their intention to apply Pillar Two rules in the near future. The first fiscal year of a multinational enterprise to which Pillar Two applies in Ireland is 2024, with the first payments and filing of top-up tax returns due from 30 June 2026. Similar to Corporation Tax, the Pillar Two rules are linked to the financial reporting period for in-scope entities, and as such not all multinational enterprise will have the same tax reporting deadline.
I am advised by Revenue that to estimate imposing a minimum effective tax rate of 20% would require detailed modelling and could have a significant impact on the behaviour and decisions of large companies. Therefore, it is not possible to provide a reliable estimate of any yield that may accrue to the Exchequer at this time.
In relation to Questions No. 255 (Ref: 51301/26), 256 (Ref: 51302/26) and 257 (Ref: 51303/26), the trading profits of companies in Ireland are generally taxed at the standard Corporation Tax (‘CT’) rate of 12.5%. Some of the main features of the current regime are its simplicity and that it applies to a broad base.
Imposing additional taxes on certain sectors would involve increased complexity and could change the attractiveness of Ireland's corporate tax regime. While it is possible that imposing such taxes could lead to theoretical gains, there is a risk of such taxes leading to lower levels of economic activity and to companies passing the additional tax burden onto their suppliers or consumers.
In respect of Question No. 255 (Ref: 51301/26), I am advised by Revenue that, on the basis of information included in the CT returns filed for the tax year 2024, the potential yield from imposing a 4% levy on the profits of private human health and pharmaceutical companies, including nursing homes and home care agencies, is tentatively estimated to be in the region of €1,541 million. It has been assumed that the levy would apply to the taxable profits of pharmaceutical companies, nursing homes and home care agencies, but would not apply to medical practices or private hospitals. Additionally, the potential yield assumes no behavioural change on the part of these companies.
In respect of Question No. 256 (Ref: 51302/26), I am advised by Revenue that the data available to Revenue on companies' turnover is not sufficient to support the statistical breakdown requested. Consequently, the estimate provided relates to the application of the proposed levy to all ICT companies on Revenue's record, that is, it includes both companies with turnover above €750 million and those below that threshold. The estimate is based on the industry classification code assigned to each company on Revenue's records. It does not include any yield that might arise from subsidiaries of these companies where those subsidiaries are not themselves primarily engaged in the sectors referred to in the question. On the basis of CT returns filed for the 2024 tax year, the tentative estimated yield from applying a 2.25% levy to the profits of all ICT companies is approximately €1,248 million. This estimate again assumes no behavioural change on the part of the companies concerned in response to the introduction of the levy.
In respect of Question No. (Ref: 51303/26), I am advised by Revenue that the data available to Revenue on companies' turnover is not sufficient to support the statistical breakdown requested. Consequently, the estimate below relates to the application of the proposed levy to all grocery companies on Revenue's record, that is, it includes both companies with turnover above €50 million and those below that threshold. The estimate is based on the industry classification code assigned to each company on Revenue's records. It does not include any yield that might arise from subsidiaries of these companies where those subsidiaries are not themselves primarily engaged in the sectors referred to in the Question. On the basis of CT returns filed for the 2024 tax year, the tentative estimated yield from applying a 20% levy to the profits of all grocery companies is approximately €67 million. This estimate assumes no behavioural change on the part of the companies concerned in response to the introduction of the levy.
I am advised by Revenue that it has no specific category/marker which would enable it to identify companies as “fast food retailers”. However, an estimate can be provided for the imposition of a 10% levy on the profits of all companies with the industry classification “food and beverage service activities”. I am further advised by Revenue that the data available to Revenue on companies' turnover is not sufficient to support the statistical breakdown requested. Consequently, the estimate below relates to the application of the proposed levy to all food and beverage service companies on Revenue's record, that is, it includes both companies with turnover above €25 million and those below that threshold. The estimate is based on the industry classification code assigned to each company on Revenue's records. It does not include any yield that might arise from subsidiaries of these companies where those subsidiaries are not themselves primarily engaged in the sectors referred to in the Question. On the basis of CT returns filed for the 2024 tax year, the tentative estimated yield from applying a 20% levy to the profits of all food and beverage service activities companies is approximately €67 million. This estimate assumes no behavioural change on the part of the companies concerned in response to the introduction of the levy.
254. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated full-year revenue that would be generated by establishing a new rate of corporate tax of 50% on the profits of all energy companies; and if he will make a statement on the matter. [51300/26]
Amharc ar fhreagra259. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated additional full-year revenue of increasing corporation tax to 20% for companies involved in fossil-fuel production and refining; and if he will make a statement on the matter. [51305/26]
Amharc ar fhreagraI propose to take Questions Nos. 254 and 259 together.
As a small open economy, connected to Europe, the US and the wider world, Ireland is committed to a competitive, transparent and stable corporation tax system.
Imposing additional taxes or levies on certain sectors would involve increased complexity and could change the attractiveness of Ireland's corporate tax regime. While it is possible that imposing an additional fiscal burden could lead to theoretical gains, there is a risk that this imposition could lead to lower levels of economic activity and to companies passing the additional burden onto their suppliers or consumers.
In the context the current energy situation, it is important to carefully consider the potential for unintended consequences that may arise from the design and implementation of additional taxes or levies on certain sectors during periods of price volatility, including longer-term effects on investment, market behaviour, and energy supply.
In respect of Question No 54 (Ref: 51300/26), I am advised by Revenue that the gross additional yield from increasing the corporation tax rate from 12.5% to 50% on taxable profits of all energy providers is tentatively estimated to be in the region of €727 million. This estimate is based on the 2024 Corporation Tax returns of energy providers, the latest year for which fully analysed data are available and assumes no behavioural change in response to the proposed increase in rate. I am further advised by Revenue that this yield is based on the industry code assigned to companies on Revenue records and does not include any yield associated with subsidiaries of these companies not primarily involved in the sectors mentioned in the question.
In respect of Question No. 259 (Ref: 51305/26), I am advised by Revenue that the gross additional yield from increasing the corporation tax rate from 12.5% to 20% on taxable profits of fossil fuel companies is tentatively estimated to be in the region of €50 million. This estimate is based on the 2024 Corporation Tax returns of energy providers, the latest year for which fully analysed data are available and assumes no behavioural change in response to the proposed increase in rate.
Regarding energy affordability, the Government is conscious of the increased financial pressure on households and businesses in recent months arising from conflict in the Middle East. In response, the Government has introduced temporary and targeted measures to reduce fuel prices for households and businesses, with additional supports for key sectors of the Irish economy.
In June 2025, the Department of Climate, Energy and Environment established the National Energy Affordability Taskforce (NEAT) to identify, assess and implement measures that will enhance energy affordability for households and businesses while delivering key renewables commitments, and protecting security of supply and economic stability.
The recent conflict in the Middle East underlines, once again, the Government’s position that the best long-term approach for Ireland to insulate consumers from volatility on international wholesale energy markets is through continued investment in our grid and retrofitting of homes and businesses, as well as the accelerated deployment of renewables across all sectors in the State.
258. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated full-year cost of abolishing the local property tax and introducing a tax on non-principal private residences, NPPRs, by single NPPR – €1,000, ten or fewer NPPRs – €1,500 per property, and 11 or more NPPRs – €2,500 per property, excluding properties owned by local authorities and approved housing bodies; and if he will make a statement on the matter. [51304/26]
Amharc ar fhreagraI am advised by Revenue that as the NPPR is a historic charge, Revenue does not currently hold adequate data to prepare NPPR costings. As a result, the costing has been based on properties liable to Local Property Tax, excluding the first property for each liable person and excluding all other properties owned by Local Authorities and Approved Housing Bodies, where it was possible to identify them.
The table below outlines the estimated cost of introducing a tax on 2 or more properties as follows.
|
Properties Owned by Owners with |
Number of properties |
Rate of Tax (€) |
Total (€) M |
|
2 Properties |
169,236 |
1,000 |
169.2 |
|
3 or more but less than 10 Properties |
106,324 |
1,500 |
159.5 |
|
11 or more Properties |
84,565 |
2,500 |
211.4 |
The estimated full-year cost of abolishing LPT is €557m, this is based on the 2026 LPT liability as of March 2026.
260. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated annual cost of jet fuel VAT and excise exemptions in 2024 and 2025; and if he will make a statement on the matter. [51306/26]
Amharc ar fhreagraAll liquid fuels are subject to Value-Added Tax (VAT), and to excise duty in the form of Mineral Oil Tax (MOT).
The VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law is obliged to comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they are exempt or fall within certain categories of goods and services to which Member States are permitted to apply lower VAT rates subject to certain rules. The Directive also allows a Member State to maintain historic arrangements subject to certain strict conditions.
Under the EU VAT Directive, various VAT rates apply to aviation fuels. The zero rate applies to fuels for aircraft used by international airlines. The standard rate of VAT applies to fuels supplied for other purposes or customers (e.g. private jets), except in the case of jet fuel/aviation kerosene where Ireland retains its historic application of the reduced rate of VAT (currently 13.5%).
I am advised by Revenue that traders are not required to identify the VAT generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible to provide an estimate of VAT forgone on the supply of jet fuel.
With regard to excise duty, Ireland’s treatment of aviation fuels is governed by European Union law as set out in Directive 2003/96/EC on the taxation of energy products and electricity, commonly known as the Energy Tax Directive (ETD). ETD provisions on liquid fuels are transposed into national law in Finance Act 1999 (as amended) which provides for the application of excise duty in the form of MOT. Current and historic MOT rates are published on Revenue’s website at www.revenue.ie/en/tax-professionals/tdm/excise/excise-duty-rates/energy-excise-duty-rates.pdf.
Heavy oil, or jet fuel/aviation kerosene, is the most commonly used fuel for commercial aviation. As required by the ETD, Ireland applies a full MOT exemption to jet fuel used for commercial aviation, including domestic, intra-community and international flights. I am advised by Revenue that based on volumes declared as exempt on MOT returns, the total MOT relieved on jet fuel used for commercial aviation is estimated at €0.9bn for 2024, and €1.1bn for 2025.
261. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated additional revenue from cutting pension relief threshold from €115,000 to €60,000; and if he will make a statement on the matter. [51307/26]
Amharc ar fhreagraAs the Deputy will be aware, tax relief for individuals is granted at the marginal rate of income tax. The amount of pension contributions on which relief can be granted in a tax year is limited to an age-related percentage of the individual’s earnings, ranging from 15% for individuals aged under 30 years to 40% for individuals aged 60 years and over, and subject to an overall annual earnings cap of €115,000.
I am informed by Revenue that the estimated full year yield from decreases in the earnings limit for Occupational Pension Schemes, Retirement Annuity Contracts and Personal Retirement Savings Accounts can be found by consulting page 9 of Revenue’s Revenue Ready Reckoner, available on Revenue’s website.
262. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the cost of the special assignment relief programme in 2023, 2024 and 2025; and if he will make a statement on the matter. [51308/26]
Amharc ar fhreagraThe Special Assignee Relief Programme (SARP) was introduced by Finance Act 2012. The legislative provisions are included in section 825C of the Taxes Consolidation Act 1997 (TCA).
SARP is an income tax relief available to certain employees who are assigned from abroad by their employer to work in Ireland. Individuals who qualify for the relief can have a proportion of their employment earnings exempted from income tax. It is designed to support employers in relocating highly skilled key employees from foreign-based operations to Irish based operations, thereby facilitating skills transfer, job creation and the expansion of business operations in Ireland.
A review of SARP was undertaken by my Department and published on 7 October 2025. The review examined the rationale for SARP in targeting the multinational sector and the tax policies operated in other jurisdictions which seek to compete with Ireland for FDI projects and talent. Overall, the review concluded that the relief’s objectives are relevant and important in terms of maintaining competitiveness in the global talent market and in sustaining national economic resilience. This review is available on my Department's website.
On foot of this review, Finance Act 2025 made several amendments to the SARP including its five-year extension to the end of 2030. Additionally, the minimum threshold used in calculating the amount of annualised employment income subject to the relief has increased from €100,000 to €125,000 with respect to assignees who arrive in the State on or after 1 January 2026.
2023 is the latest year of assessment for which actual Revenue data is available. The estimated total cost of SARP in 2023 was €56.3m.
Revenue publishes an annual statistical report on SARP, which can be found on the Revenue website.
263. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated yearly cost of double indexation of income tax credits in terms of tax revenues foregone; and if he will make a statement on the matter. [51309/26]
Amharc ar fhreagra264. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated total yearly impact on tax revenues from double indexation of income tax bands; and if he will make a statement on the matter. [51310/26]
Amharc ar fhreagraI propose to take Questions Nos. 263 and 264 together.
While indexation means increasing tax credits, allowances and thresholds to reflect wage growth or inflation so that taxpayers do not end up paying more tax purely due to inflation or rising wages, double indexation is a less well-known concept. As such, the estimated cost of double indexing the tax credits and standard rate bands depends on the economic driver that indexation is linked to, the relevant year(s) for which double indexation is linked to and in addition, what is specifically meant by double indexation.
The Deputy may wish to note that a Post-Budget 2026 Ready Reckoner is available on the Revenue Statistics webpage at: www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf.
The Ready Reckoner shows a wide range of detailed information, including the estimated cost or yield to the Exchequer of increasing the standard rate tax bands and main tax credits. These figures are based on 2026 estimates from the Revenue tax forecasting model using latest actual data for the year 2023, adjusted as necessary for income, self-employment, and employment trends in the interim.
265. Deputy Pádraig O'Sullivan asked the Tánaiste and Minister for Finance the estimated first and full-year costs of indexing personal tax credits, the employee tax credit and the earned income tax credit at a rate of 1%, in tabular form; and if he will make a statement on the matter. [51370/26]
Amharc ar fhreagra268. Deputy Pádraig O'Sullivan asked the Tánaiste and Minister for Finance the estimated first and full-year costs of indexing income tax bands at rates of 1%, 2% and 3%, in tabular form; and if he will make a statement on the matter. [51373/26]
Amharc ar fhreagra269. Deputy Pádraig O'Sullivan asked the Tánaiste and Minister for Finance if consideration has been or is currently being given to indexing income tax bands, and in particular, to the average annual inflation rate; and if he will make a statement on the matter. [51374/26]
Amharc ar fhreagraI propose to take Questions Nos. 265, 268 and 269 together.
The ‘Programme for Government 2025: Securing Ireland’s Future’, contains specific undertakings with regard to personal taxation, it commits to "implementing progressive changes in taxation if the economy remains strong, including indexing credits and bands to prevent an increase in the real burden of Income Tax while in the event of an economic downturn and unexpected deterioration in the public finances we would postpone changes to Income Tax credits or bands, as we did in Budget 2021".
As the Deputy will be aware, to ease the burden facing average and middle-income earners, over successive Budgets the previous Government substantially increased the entry point to the higher rate of income tax for all earners by €8,700 or c. 25 per cent. The main tax credits have also been increased by €350, or c. 21 per cent. In line with the Government policy of ensuring full-time workers on the minimum wage remain outside the charge to the top rates of USC the ceiling of the 2 per cent USC rate band was increased by €6,898, or 34 per cent, from 2020 to 2025. Budgets 2024 and 2025 also cumulatively reduced the 4.5 per cent rate of USC to 3 per cent.
Broadly, the income tax measures implemented over the period of the last Government are expected to be in line with wage growth.
Furthermore, as the Deputy will appreciate, decisions regarding taxation measures are made in the context of the annual Budget and Finance Bill processes, at the appropriate time, and having regard to the sound management of the public finances.
Turning to the Deputy’s specific questions regarding individual costings, the Deputy may wish to note that a Post-Budget 2026 Ready Reckoner is available on the Revenue Statistics webpage at: www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf.
The Ready Reckoner shows a wide range of detailed information, including the estimated cost or yield to the Exchequer of increasing the standard tax rate bands and main tax credits. These figures are based on 2026 estimates from the Revenue tax forecasting model using latest actual data for the year 2023, adjusted as necessary for income, self-employment, and employment trends in the interim.
266. Deputy Pádraig O'Sullivan asked the Tánaiste and Minister for Finance the estimated first and full-year costs of reducing the standard and higher rates of taxation by 1% each, the number of people impacted by such reductions, in tabular form; and if he will make a statement on the matter. [51371/26]
Amharc ar fhreagraI am informed by Revenue that the estimated first and full year costs, together with the estimated number of taxpayer units expected to benefit by the proposed 1% rate band reductions, are set out in the table below.
|
Tax Rate change |
First Year cost €m |
Full Year cost €m |
Taxpayer Unit beneficiaries |
|
20% reduced to 19% |
940 |
1,070 |
2.2 million |
|
40% reduced to 39% |
480 |
570 |
1.1 million |
I am informed by Revenue that these estimates are rounded and for 2026 and are based on tax returns for the latest year available, currently 2023, and adjusts for estimated income and populations changes in in the interim (the period 2023 to 2026). A taxpayer unit refers to individuals except in the case of couples who are jointly assessed, in which case the couple are counted as one taxpayer unit.
267. Deputy Pádraig O'Sullivan asked the Tánaiste and Minister for Finance the estimated first and full-year costs of reducing each of the USC rates by 1%; the number of people impacted by such reductions, in tabular form; and if he will make a statement on the matter. [51372/26]
Amharc ar fhreagraI am advised by Revenue that the estimated cost of reducing the Universal Social Charge (USC) rate of 0.5% to 0%, and the additional 2%, 3% and 8% USC rates to 1%, 2% and 7% respectively, as per the proposal outlined by the Deputy, are broken down on a first and full year basis, in the below table. The table also presents the estimated number of beneficiary taxpayer units by each USC rate adjustment, rounded to the nearest 100 and costs are rounded to the nearest €5 million.
|
Universal Social Charge (USC) rate adjustment |
First Year Cost €m |
Full Year Cost €m |
Estimated number of taxpayer units benefitting |
|
0.5% to 0% |
160 |
180 |
2.5 million |
|
2% to 1%* |
400 |
460 |
2.5 million |
|
3% to 2% |
420 |
480 |
1.6 million |
|
8% to 7%** |
300 |
360 |
0.5 million |
*As a reduced rate of USC of 2% currently applies for those aged 70 years or older with income of €60,000 or less and for those who hold a full medical card with income of €60,000 or less, these estimated first and full year costings assume that this reduced rate is also reduced to 1%, as this is in line with the second USC rate.
**Includes those paying the USC surcharge on non-PAYE income exceeding €100,000 in a year, at the rate of 3%.
These costs are estimates for 2026 based on Revenue’s micro-simulation tool, Tax Modeller, using actual data for the latest year available, currently 2023, adjusted for income and employment trends in the interim. A taxpayer unit refers to individuals except in the case of couples who are jointly assessed, in which case the couple are counted as one taxpayer unit.
270. Deputy Albert Dolan asked the Tánaiste and Minister for Finance to provide the Web link to his Department’s Q2 2026 published report of purchase orders/payments over €20,000, in line with the FOI model publication scheme requirements; to confirm the date on which this report was published; and, if it has not yet been published, the planned publication date. [51563/26]
Amharc ar fhreagraI wish to inform the deputy that my Department published the Q2 2026 report of purchase orders over €20,000 on Friday 3 July. The Department aims to publish each quarterly report as early as possible in the following quarter.
The link to the Q2 2026 report of purchase orders over €20,000 is provided below.
www.gov.ie/en/department-of-finance/publications/payments-to-suppliers-purchase-orders-over-20000-q2-2026/
271. Deputy Michael Cahill asked the Tánaiste and Minister for Finance if he will review the current capital gains tax annual exemption threshold of €1,250, having regard to the fact that it has remained unchanged for several years and in view of increased cost of living pressures; if he will consider increasing this threshold; if he will further examine the potential for targeted relief measures, including reduced liability or exemptions for older persons; and if he will make a statement on the matter. [51603/26]
Amharc ar fhreagraThe Deputy will be aware that Ireland's Capital Gains Tax (CGT) rate is 33% for all gains. However, a range of targeted reliefs are provided for including an annual exemption for the first €1,270 of gains arising on the disposal of assets. In addition, there are a range of other reliefs including principal private residence relief, retirement relief and revised entrepreneurs relief.
As the current €1,270 exemption is available to each individual annually, this is a broad based relief that applies every year regardless of previous use, so any increase in the threshold could potentially result in significant costs to the Exchequer.
As with all taxes, CGT is subject to ongoing review. This involves the consideration and assessment of the rate of CGT and the relevant reliefs and exemptions from CGT as part of the annual Budget and Finance Bill process, as well as consideration of CGT in the wider tax policy context.
272. Deputy Eoin Hayes asked the Tánaiste and Minister for Finance the total cost of engagement with a company (details supplied) in each of the years 2020 to 2025, across his Department, by project, year and value; and if he will make a statement on the matter. [51766/26]
Amharc ar fhreagra273. Deputy Eoin Hayes asked the Tánaiste and Minister for Finance the total cost of engagement with a company (details supplied) in each of the years 2020 to 2025, across his Department, by project, year and value; and if he will make a statement on the matter. [51784/26]
Amharc ar fhreagra274. Deputy Eoin Hayes asked the Tánaiste and Minister for Finance the total cost of engagement with a company (details supplied) in each of the years 2020 to 2025, across his Department, by project, year and value; and if he will make a statement on the matter. [51802/26]
Amharc ar fhreagraI propose to take Questions Nos. 272, 273 and 274 together.
I wish to inform the Deputy that my Department has not engaged the services of any of the companies specified between 2020 and 2025.
