Results 4,041-4,060 of 32,547 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: -----would hardly have entered the hallway of the Department of Finance before condemning me.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I am not going to be part of those kinds of tricks.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: Just in case Deputy Mattie McGrath did not hear me, I repeat that he would hardly be out of the Department before castigating me.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I am happy to meet other Deputies who are going to approach what we are doing in a fair-minded, open way. We have made the resources of the Department available to Deputies for the development of alternative budget proposals and to help with their work, and that will continue. On the Deputy’s focus on the bowels of the Department, I am not sure what he is referring to. All the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I thank the Deputies for the points they raised and thank Deputy Farrell for coming in on this matter. I absolutely appreciate that the minimum wage makes a very important difference to many people within our society. I know the argument is sometimes put forward that the number of people who are on the minimum wage is comparatively small within our economy and by moving the minimum wage up...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I am not as across the detail of that as the Minister for Health and those who are involved in the payment are, but I will certainly raise that matter and see whether I can offer assistance in dealing with it. I know there are some who believe they should be eligible but are not, but I am not aware and cannot give an informed answer to the point that Deputy Nash just made a moment ago.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: Would the committee be willing to oblige a two minute adjournment before Deputy Boyd Barrett makes his contribution? I must step outside for a moment if that is okay.

Written Answers — Department of Finance: Business Supports (10 Nov 2022)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) and the Employment Wage Subsidy Scheme (EWSS) were economy-wide supports that played a central role in helping to maintain the link between employers and employees between March 2020 and May 2022. TWSS provided supports to over 689,000 employees linked to over 67,000 employers throughout the scheme. EWSS provided supports to almost 52,000 employers to...

Written Answers — Department of Finance: Business Supports (10 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 103 and 106 together. Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Bill 2022, which will be discussed at Committee Stage later today. The TBESS will be available to tax compliant businesses carrying on a trade or profession the profits of which are chargeable to tax under Case I or Case II of Schedule D where...

Written Answers — Department of Finance: Foreign Direct Investment (10 Nov 2022)

Paschal Donohoe: I would like to thank the Deputy for this question; as he is probably aware, the EU Taxonomy is not yet fully agreed. While the first two environmental goals, namely adaption and mitigation, have been completed and brought into force the remaining four, that is pollution, water/marine, circular economy and biodiversity, remain to be negotiated and agreed, which I hope will occur in the near...

Written Answers — Department of Finance: Defective Building Materials (10 Nov 2022)

Paschal Donohoe: As the Deputy may be aware, the Minister for Housing, Local Government and Heritage, established an Independent Working Group to Examine Defects in Housing. Officials from my Department participated in this Working Group. The objectives of the group were to identify the scope of relevant significant defects in housing, to evaluate the scale of housing affected, to propose a means of...

Written Answers — Department of Finance: Business Supports (10 Nov 2022)

Paschal Donohoe: Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Bill 2022. The scheme will provide support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 28 February 2023. The scheme is designed to be compliant with the EU state aid Temporary Crisis Framework and will need to be approved by the EU Commission in...

Written Answers — Department of Finance: Tax Yield (10 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 108 and 139 together. Tax revenues to end-October stood at €63.9 billion, €13 billion or over 25 per cent ahead of the same period last year. With the notable exception of excise duty receipts, which are negatively impacted by Government policy to address the cost of living challenge, virtually all revenue streams are up on last year. Income tax...

Written Answers — Department of Finance: Business Supports (10 Nov 2022)

Paschal Donohoe: Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Bill 2022. The aim of the scheme is to support qualifying businesses with their energy costs for the winter period and will run from 1 September 2022 to 28 February 2023. The scheme is designed to be compliant with the EU state aid Temporary Crisis Framework and will need to be approved by the EU...

Written Answers — Department of Finance: Vacant Properties (10 Nov 2022)

Paschal Donohoe: As the Deputy is aware, the Vacant Homes Tax (VHT) is a new measure announced in Budget 2023, which aims to increase the supply of homes for rent or purchase to meet demand. Further detail on this measure is set out in the Finance Bill which was published on 20 October. As stated in my Budget speech, this measure aims to increase the supply of homes for rent or purchase, rather than raise...

Written Answers — Department of Finance: Housing Provision (10 Nov 2022)

Paschal Donohoe: The Irish funding landscape has undergone significant change since the Global Financial Crisis in 2008. In order to address the current imbalance between supply and demand of housing across all tenure types, the Government's Housing for All plan aims to significantly increase the supply of housing to an average of 33,000 per year over the next decade. While the plan is backed by...

Written Answers — Department of Finance: Vehicle Registration Tax (10 Nov 2022)

Paschal Donohoe: Vehicle Registration Tax (VRT) was introduced by the Finance Act 1992 with effect from 1 January 1993. Unlike its predecessor – Motor Vehicle Excise Duty, which was charged on the VAT-exclusive value of a vehicle – the new VRT on a passenger car was chargeable on its Open Market Selling Price, which, in effect, is a VAT-inclusive value. Under the rules for Value-Added Tax...

Written Answers — Department of Finance: Real Estate Investment Trusts (10 Nov 2022)

Paschal Donohoe: I am aware that there has been a reduction in withholding tax paid by Irish Real Estate Funds (IREFs) in 2021 in respect of taxable events that occurred in accounting periods ended in 2020, relative to the amount paid in the preceding year. Revenue is currently undertaking a review to identify the reason(s) for this change. I am advised that the initial focus of the review is to analyse...