Results 4,281-4,300 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Revenue Commissioners (13 Oct 2022)

Paschal Donohoe: One of the primary functions of Revenue is the collection of tax and ensuring that all taxpayers pay the correct amounts due in a timely manner. As the Deputy is aware, the Debt Warehousing Scheme was introduced to provide a vital liquidity support to businesses suffering a downturn due to the Covid-19 pandemic. Under the scheme, businesses can temporarily ‘park’ certain...

Written Answers — Department of Finance: Tax Credits (13 Oct 2022)

Paschal Donohoe: The Incapacitated Child Tax Credit is available to the parent or guardian of a child who is permanently incapacitated, either physically or mentally. The qualifying criteria requires that medical evidence is provided setting out the extent of the incapacity and whether it is expected to permanently prevent the child from being able to maintain himself or herself independently when over the...

Written Answers — Department of Finance: Banking Sector (12 Oct 2022)

Paschal Donohoe: The European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (CMCAR) provides that, where an application for mortgage credit is refused, the lender must inform the consumer without delay of the refusal. In cases not covered by the CMCAR, the Consumer Protection Code 2012 provides that, where a personal consumer's application for credit is turned down, the lender must clearly...

Written Answers — Department of Finance: Tax Code (12 Oct 2022)

Paschal Donohoe: I am advised by Revenue that there are no Customs formalities or Customs charges for goods coming direct from another Member State once the goods are in free circulation within the EU. If goods are shipped from an EU Member State through a non-EU country on route to Ireland, then a Customs transit declaration is required but no Customs charges are due. If the transit procedure is not used,...

Written Answers — Department of Finance: Tax Code (12 Oct 2022)

Paschal Donohoe: Services consisting of the care of the human body supplied in the course of a health studio business or similar business, such as a yoga studio, are not listed in Annex III and therefore would in general be subject to the standard rate. However, the Directive allows a Member State to continue its application of a historic VAT treatment, under certain strict conditions, including that the...

Written Answers — Department of Finance: Departmental Staff (12 Oct 2022)

Paschal Donohoe: I wish to advise the Deputy that there are no staff within my Department assigned on a full-time basis to liaise and provide support to the Department for Children, Equality, Disability, Integration and Youth for the purpose of that Department fulfilling its areas of responsibility in respect of providing for the needs of those seeking international protection and persons categorised by...

Written Answers — Department of Finance: Employment Rights (12 Oct 2022)

Paschal Donohoe: As previously advised in response to Parliamentary Question No. 230 dated 4 October 2022, regarding the details supplied, Section 851A of the Taxes Consolidation Act 1997 requires Revenue to uphold taxpayer confidentiality and prohibits the release of any information that could lead to the identification of taxpayers.

Written Answers — Department of Finance: Tax Code (12 Oct 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within the categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member...

Written Answers — Department of Finance: Tax Code (12 Oct 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate (currently 23% in Ireland), unless they fall within the categories of goods and services specified in Annex III of the VAT Directive, in...

Written Answers — Department of Finance: Tax Code (12 Oct 2022)

Paschal Donohoe: At the outset, the Deputy should note that 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...

Written Answers — Department of Finance: Departmental Schemes (12 Oct 2022)

Paschal Donohoe: I indicated in my Budget speech that I would be introducing a Temporary Business Energy Support scheme (TBESS) to assist businesses with their energy costs over the winter months. The scheme is being designed to be compliant with the EU state aid temporary crisis framework and will need to be approved by the EU Commission in advance of making payments. The TBESS will be open to businesses...

Written Answers — Department of Finance: Energy Policy (11 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 254 and 273 together. I indicated in my Budget speech that I would be introducing a Temporary Business Energy Support scheme (TBESS) to assist businesses with their energy costs over the winter months. The scheme is being designed to be compliant with the EU state aid temporary crisis framework and will need to be approved by the EU Commission in advance of...

Written Answers — Department of Finance: Tax Reliefs (11 Oct 2022)

Paschal Donohoe: The Programme for Government includes a commitment to facilitate and support remote working. As part of the national remote working strategy: Making Remote Work, in 2021 the Tax Strategy Group (TSG) reviewed the tax arrangements for remote working in respect of both employees and employers. The paper is published on my Department’s website. The TSG paper noted that changes to the...

Written Answers — Department of Finance: Tax Credits (11 Oct 2022)

Paschal Donohoe: On Budget Day, I announced a €500 Rent Tax Credit which it is proposed will be claimable in respect of rent paid in 2022 and subsequent years to end-2025. The estimated cost of this measure in respect of each relevant year of assessment is €200 million. The intention is that, in order for a person to be in a position to claim the credit in a year : - the rent paid must be in...

Written Answers — Department of Finance: Departmental Policies (11 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 259 and 261 together. 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...

Written Answers — Department of Finance: Cycling Policy (11 Oct 2022)

Paschal Donohoe: Section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the Cycle to Work scheme. This scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and associated safety equipment up to a maximum of €1,250 (€1,500 in the case of e-bikes), for an employee to use, in whole or in part, to travel to work. Safety equipment includes...

Written Answers — Department of Finance: Insurance Industry (11 Oct 2022)

Paschal Donohoe: At the outset it is important to note that neither I, nor the Central Bank of Ireland can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which prevents Member States from doing so. Minister...

Written Answers — Department of Finance: Fuel Sales (11 Oct 2022)

Paschal Donohoe: Revenue has responsibility for administering and enforcing Solid Fuel Carbon Tax (SFCT) which applies to coal, peat, and peat products when they are first supplied in the State. There is no differentiation between different types of coal with regard to the rate of SFCT that applies. This means that smokeless, low smoke, and smoky coal all attract the same SFCT rate, currently €107.98...

Written Answers — Department of Finance: Tax Code (11 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 264, 277 and 280 together. At the outset, the Deputy should note that 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...

Written Answers — Department of Finance: Budget 2023 (11 Oct 2022)

Paschal Donohoe: Budget 2023 included a significant personal tax package with an estimated cost next year of over €1.13 billion. The Standard Rate Cut-Off Point, which is the entry point for the higher rate of income tax, is being increased by €3,200 from €36,800 to €40,000 for a single individual (8.7% increase), with commensurate increases in the bands applying to married persons...