Results 4,201-4,220 of 32,547 for speaker:Paschal Donohoe

Finance Bill 2022: Second Stage (Resumed) (25 Oct 2022)

Paschal Donohoe: -----of all our country has gone through, with Covid and changing economic circumstances, can and will make a difference and shows the value in the decisions the Government has made in recent years.

Finance Bill 2022: Second Stage (Resumed) (25 Oct 2022)

Paschal Donohoe: I thank all Deputies who participated in what has been a very lengthy and substantial debate reflecting the importance of the Finance Bill, which is central to the management of our economy and which responds to the many pressing needs in our society of which I and the Government are so well aware. In the time available to me I will respond to the five key themes that have been raised...

Finance Bill 2022: Second Stage (Resumed) (25 Oct 2022)

Paschal Donohoe: That is not what they said.

Finance Bill 2022: Second Stage (Resumed) (25 Oct 2022)

Paschal Donohoe: Every potential borrower is still subject to the affordability test.

Finance Bill 2022: Second Stage (25 Oct 2022)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." We are here today to begin our consideration of the Finance Bill 2022, which will give the necessary legal basis to the decisions announced in the budget and make a number of other necessary changes to tax legislation. This year's Bill sets out the legislative provisions to bring effect to the tax measures announced in budget 2023, which...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 237, 247 and 248 together. Section 664 of the Taxes Consolidation Act 1997 provides for the exemption from income tax of certain income in connection with the leasing of farm land, where the land is let under a qualifying lease. The lessee must carry on a trade of farming on the leased land either solely or in partnership with a person or persons who is also a...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: Under the Government's Housing for All plan, the Department of Finance committed to review, by Q3 2022, the recommendations from the 2017 Report of the Working Group on the Tax and Fiscal Treatment of Rental Accommodation Providers. This review was undertaken as part of the Tax Strategy Group (TSG) process. The report of the review was published on 10 August 2022 as part of the TSG paper on...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 239 and 240 together. As the Deputy is aware, all vehicles in the State must be registered and the appropriate Vehicle Registration Tax (VRT) paid when first registered here. Typically, registration occurs when a new vehicle is sold in the State or in the case of an imported vehicle, (new/second-hand), at the point of importation into the State. For imported...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 241 and 255 together. 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 31 December 2022 or, where it is possible to grant State aid beyond that date under the European...

Written Answers — Department of Finance: Tax Data (25 Oct 2022)

Paschal Donohoe: I am advised by Revenue that a taxpayer’s Income Tax liability is calculated on their total income from all sources, rather than being separately calculated for each source of income (such as rental income). For this reason, it is not possible to identify tax paid arising from rental income alone. However, the Deputy may be interested to note that information is published on the...

Written Answers — Department of Finance: Departmental Staff (25 Oct 2022)

Paschal Donohoe: The table below sets out the number of persons working in my Department's press office and communications team. - Number of people Press office 3 people Communications 1 person

Written Answers — Department of Finance: Primary Medical Certificates (25 Oct 2022)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides relief from Vehicle Registration Tax and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief, the applicant must hold a...

Written Answers — Department of Finance: Primary Medical Certificates (25 Oct 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The car must be purchased before applying for VRT and VAT relief, as applicable to the category of adaptations made to the vehicle. The Scheme is open to severely and permanently disabled persons...

Written Answers — Department of Finance: Primary Medical Certificates (25 Oct 2022)

Paschal Donohoe: The Drivers and Passengers with Disabilities Scheme (DPDS), provides for repayment or remission of VAT and Vehicle Registration Tax (VRT), up to a certain limit, on the purchase or adaption of a vehicle for the transport of a person with specific severe and permanent physical disabilities. It also provides for exemption from motor tax in respect of that vehicle, and a fuel grant. The...

Written Answers — Department of Finance: Legal Tender (25 Oct 2022)

Paschal Donohoe: While historically Ireland has been a relatively cash-intensive economy, advances in technology and changing customer demands have prompted a rapid increase in the take-up of electronic payments in recent years. Notwithstanding this, cash remains a vital part of the Irish payment system. Euro notes and coins have the status of legal tender in Ireland. Retail transactions here are...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: Recent Government policy has focused on strengthening the environmental rationale behind company car taxation. Until the changes I brought in as part of the Finance Act 2019, Ireland’s vehicle benefit-in-kind regime was unusual in that there was no overall CO2 rationale in the regime. This is despite a CO2 based vehicle BIK regime being legislated for as far back as 2008 (but never...

Written Answers — Department of Finance: Tax Data (25 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 251 and 252 together. I am advised by Revenue that the amount of money collected for the years 2016 and beyond is published on the Revenue website at . The information for 2013 to 2015 is shown in the first table below. Regarding the amounts that may have been raised in the absence of application of the Local Adjustment Factor (LAF), this information is not...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: I announced the new Defective Concrete Products Levy in my Budget 2023 speech last month. The introduction of this levy arises from a Government decision that a levy be imposed on the construction sector to contribute towards the cost of the Mica Redress Scheme, that was taken in November 2021. Following the announcement of the levy on Budget day, and in light of subsequent feedback from...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: As the Deputy may be aware, prior to Finance Act 2017 agricultural land which was leased for solar panels was not classified as qualifying agricultural property for the purposes of Capital Gains Tax retirement relief or agricultural relief from Capital Acquisitions Tax. Following a review announced in Budget 2018, and in recognition of the then Government's commitment to facilitate the...

Written Answers — Department of Finance: Financial Services (25 Oct 2022)

Paschal Donohoe: Decisions in relation to mortgage lending, including the length of time for which a mortgage offer is valid and the conditions that have to be met for the drawdown of a mortgage loan, are commercial matters for the individual lender. These decisions are subject to compliance with the legal and regulatory framework in relation to the provision of mortgages. Provision 4.29 the of the Consumer...