Results 22,221-22,240 of 33,049 for speaker:Paschal Donohoe
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: It is in section 97 and it is primarily determined on whether one has rental income from a property. In a moment I will tell the Deputy exactly where it is located in legislation.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: From the time it becomes a rental property, it is considered a buy-to-let.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: I will have to come back to the Deputy on that. I am just getting some information on it and I will come back to him before we finish at 10 p.m.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: I spoke to the chairman of the Revenue Commissioners yesterday on foot of the information that was contained in the Paradise Papers. He has told me that any matters that require further investigation or action from the Revenue Commissioners on foot of anything contained in the papers will happen. I have not spoken to him since then.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: The people who will give me that assurance are the Revenue Commissioners. They will not comment on any individual case, because it is up to them to do their work in that area. I spoke to the chairman yesterday morning. To use Deputy Doherty's phrase, I lifted the phone to him to say that I was obviously very concerned about the information that was contained in those papers and I wanted an...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: If you will allow me to conclude on it, Acting Chairman, there is not a stand-off approach from me on the matter. That is why I contacted the chairman of the Revenue Commissioners on this matter yesterday. My understanding is that the entities that were involved in the behaviour to which Deputy Doherty referred were shut down. I am glad they were.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: Any taxpayer should do so. If information is required from any taxpayer or any company via the Revenue Commissioners, he or she or it should do it, full stop, whether it is a bank, individual or anybody else. That is why I contacted the Revenue Commissioners about the matter yesterday. In the ongoing engagement I have with the Revenue Commissioners on this and other matters, while they...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: I was not in a position to go any further than the measures that are included in section 7 of this Bill. That was because of the resources available to me in this budget. It does contain two measures, which the Deputy is acknowledging, in respect of the zero rate for benefit-in-kind, BIK, for employer-provided vehicles and an exemption for benefit-in-kind charges for charging stations the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: I do not believe the take-up of electric vehicles on their own is the answer in the entirety to the emissions coming out of the transport sector. However, I do believe it is more of a part of it than Deputy Paul Murphy suggests. It needs to be accompanied by further improvements in public transport. Did Deputy Murphy say the public service obligation, PSO, was slashed by 70%?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: Can the Deputy give me the base?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: That is not a 70% reduction.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: I remember from my time as Minister for Transport, Tourism and Sport that while the subvention that was made available to the CIE group had gone down, it is not a third of where it was in the past. The subvention going into the CIE group for this year is approximately €265 million. I think that is the figure, though I stand to be corrected on it. It is at least flat on where it was...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: They are not the figures that I recollect. This may be a debate for another committee on another day. However, with regard to investment in public transport in general, the figures of which I am aware show a different story compared with that of Deputy Murphy. On Deputy McGrath's question about the medium-term objective in respect of benefit-in-kind, I made that point in my Second Stage...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: I will see if I can get the information for the Deputy.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: Is that in relation to how much money is forgone on it?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: In response to the Deputy's last question, it would be the individual for whom the charge needs to be paid, but the employer has a responsibility to inform them of it.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: It will kick in upon the passage of the Finance Bill which will be on 1 January.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: Excuse me; it will become applicable whenever the Bill is signed.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: The tax will be collected similar to any benefit-in-kind which is at source. It will be collected on somebody's wage slip. On the potential magnitude of the issue, we have no indication at the moment that this will affect a huge number of people, but we will examine the matter in the coming while. Our identification of the issue came from the audit that we had under way into the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Paschal Donohoe: The Taxes Consolidation Act 1997.