Results 22,541-22,560 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Land Transfers (17 Oct 2017)

Paschal Donohoe: I am advised by Revenue that section 89 of the Capital Acquisitions Tax Consolidation Act (CATCA) 2003 provides for agricultural relief. The relief takes the form of a 90% reduction in the taxable value of gifted or inherited agricultural property. To qualify for the relief, the person taking the gift or inheritance (the 'beneficiary') of the agricultural property must first qualify as...

Written Answers — Department of Finance: NAMA Social Housing Provision (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 118 and 119 together. In my Budget speech on 10 October 2017 I announced a proposal to establish a new dedicated fund, Home Building Finance Ireland (‘HBFI’) which will be designed to increase the availability of debt funding to developers willing to build viable residential development projects. Up to €750 million of ISIF funds will...

Written Answers — Department of Finance: Electric Vehicles (17 Oct 2017)

Paschal Donohoe: The registration of electric vehicles is provided for in the Finance Act 1992, section 135C(3)(b). This section provides for a VRT relief of up to €5,000 on passenger cars, vans and other light commercials. The VRT relief does not apply to other vans and heavier commercials that are taxed at the flat VRT rate of €200 per vehicle. Further information is available on the Revenue...

Written Answers — Department of Finance: Tax Data (17 Oct 2017)

Paschal Donohoe: I am advised by Revenue that the carbon tax collected on an annual basis in the years 2010 to 2016 is available on the Revenue's statistics website at: .

Written Answers — Department of Finance: Departmental Bodies Data (17 Oct 2017)

Paschal Donohoe: The following bodies are under the aegis of my Department: Office of the Comptroller & Auditor General Central Bank Credit Review Office Credit Union Advisory Committee Credit Union Restructuring Board Disabled Drivers Medical Board of Appeal Financial Services Ombudsman Bureau Financial Services Ombudsman Council Investor Compensation Company Limited Irish Bank Resolution...

Written Answers — Department of Finance: Tax Reliefs Data (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 123 to 125, inclusive, together. Regarding open claims for correlative adjustments, I am informed by Revenue that approximately €242 million in tax is the subject of open correlative relief claims. Correlative relief claims may be more appropriately described as potential tax refunds which Revenue may be required to make in accordance with our tax...

Written Answers — Department of Finance: EU Budget Contribution (17 Oct 2017)

Paschal Donohoe: Member State contributions to the EU Budget are based upon a complex formula which includes Traditional Own Resources (customs duties), a VAT-based payment and a residual balancing component paid in accordance with each Member State's share of EU Gross National Income (GNI). Given both high levels of economic growth in Ireland in recent years, when compared with that of...

Written Answers — Department of Finance: Revenue Commissioners Reports (17 Oct 2017)

Paschal Donohoe: I am informed by the Revenue Commissioners that the report is now available on its website at www.revenue.ie.

Written Answers — Department of Finance: Budget Measures (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 128 and 129 together. In the 2016 Finance Act, my predecessor introduced provisions to address concerns raised in both the media and the Dáil regarding the use of section 110 companies and certain Irish collective investment vehicles by international investors to minimise their tax payments on Irish property transactions. Section 22, Finance Act...

Written Answers — Department of Finance: Labour Market (17 Oct 2017)

Paschal Donohoe: The Central Statistics Office (CSO), which is independent, is responsible for collection and publication of labour market data. My Department does not have any plans to conduct an investigation into unpaid work. However, broader labour market measures and studies are used by my Department to gain a deeper understanding of the potential labour supply and the barriers to employment. The...

Written Answers — Department of Finance: Insurance Industry (17 Oct 2017)

Paschal Donohoe: Setanta Insurance was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. As you are aware, the Supreme Court delivered its judgment on 25 May 2017 and overturned the previous decisions of the High Court and the Court of Appeal that the Motor Insurers’...

Written Answers — Department of Finance: Tax Code (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 132 and 133 together. I am informed by Revenue that Section 127B of the Taxes Consolidation Act 1997 came into effect on 1 January 2011. This section provides for the taxation under Schedule E of employment income arising to any member of a flight crew in circumstances where the duties are exercised on aircraft operated in international traffic and where...

Written Answers — Department of Finance: Tax Code (17 Oct 2017)

Paschal Donohoe: The objectives of the Finance (Tax Appeals) Act 2015 are to reform the tax appeals system with a view to ensuring an enhanced and cost effective appeal mechanism for tax cases. The Act, which was commenced on 21st March 2016, inter alia provides for the establishment of the Tax Appeals Commission (TAC) which was established on the same date. A key feature of the legislation is that...

Written Answers — Department of Finance: Tax Credits (17 Oct 2017)

Paschal Donohoe: I have no plans at present to provide a tax credit for individuals in the manner described by the Deputy. More generally, the funding of water services is a matter for the Minister for Housing, Planning and Local Government.

Written Answers — Department of Finance: Revenue Commissioners Reports (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 137 and 138 together. I am informed by the Revenue Commissioners that the above mentioned report is now available on their website at www.revenue.ie The published draft was an internal working paper and a preliminary analysis which was compiled in September 2016, following the UK vote in June 2016 to exit the EU. It is clear that such working papers are...

Written Answers — Department of Finance: Primary Medical Certificates Provision (17 Oct 2017)

Paschal Donohoe: The provision of a primary medical certificate is based on a professional clinical determination by the Senior Medical Officer for the relevant local Health Service Executive. To qualify for a primary medical certificate an applicant must be permanently and severely disabled within the terms of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994. An...

Written Answers — Department of Finance: Tax Reliefs Eligibility (17 Oct 2017)

Paschal Donohoe: In the absence of specific information it is difficult to provided a comprehensive reply to the Deputy. Relief in respect of health expenses, granted in accordance with section 469 of the Taxes Consolidation Act 1997, is used to reduce the Irish tax liability of an individual in respect of the year of assessment in which the expenses are incurred. In general, if an individual is tax...

Written Answers — Department of Finance: State Aid (17 Oct 2017)

Paschal Donohoe: The Government profoundly disagrees with the European Commission’s analysis in the Apple State Aid case. An appeal is therefore being brought before the European Courts. Such an appeal takes the form of an application to the General Court of the European Union (GCEU), asking it to annul the Commission’s Final Decision. The Attorney General prepared the legal grounds...

Written Answers — Department of Finance: Fiscal Policy (17 Oct 2017)

Paschal Donohoe: The allocation for fiscal space in Budget 2018 was flagged in note 2, table A8 of the Economic and Fiscal Outlook of Budget 2018 book as being unchanged from that which was presented in Summer Economic Statement 2017. In my Budget 2018 speech, I announced that the remaining unallocated fiscal space for 2018 would amount to a little over €500 million in nominal terms, and that...

Written Answers — Department of Finance: Tax Yield (17 Oct 2017)

Paschal Donohoe: The Revenue Ready Reckoner ,on page 18) shows the effect of a 0.5% increase in the Stamp Duty rate on non-residential property (€47m). This is multiplied up to €94m for a 1% increase, or €376m for a 4% increase. I am advised by Revenue that the estimated yield for 2018 is based on payments of Stamp Duty on the purchase of non-residential property in 2016 and an...