Results 6,101-6,120 of 32,602 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Primary Medical Certificates (15 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 267 and 272 together. The Disabled Drivers & Disabled Passengers Scheme (DDS) 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 Scheme is open to severely and permanently disabled persons who also meet one of six specified medical criteria, as a...

Written Answers — Department of Finance: Departmental Schemes (15 Feb 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from Vehicle Registration Tax 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 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,...

Written Answers — Department of Finance: Tax Rebates (15 Feb 2022)

Paschal Donohoe: One of the actions set out in the recently published Climate Action Plan is that the potential for new tax measures to support retrofit will be explored. In the normal course of events, the introduction of any new tax expenditure measure generally takes place in the context of the annual Budget and Finance Bill process. In relation to the specific question posed by the Deputy, it would...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Feb 2022)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide support to assist eligible employers meet employee wages where trade is negatively impacted by Covid-19. The EWSS is operated on a self-assessment basis with the onus on applicants to satisfy themselves that they fully meet the eligibility criteria for the scheme as set down in the legislation and to self-declare to Revenue that...

Written Answers — Department of Finance: EU Agreements (15 Feb 2022)

Paschal Donohoe: As part of the overall agreement on the Post-2020 Multiannual Financial Framework (MFF) and Next Generation EU (NGEU), EU leaders also made a number of changes to the current system of own resources, including the introduction of a plastic-based contribution based on non-recycled plastic packaging. The plastic-based contribution is calculated on the weight of non-recycled plastic...

Written Answers — Department of Finance: Customs and Excise (15 Feb 2022)

Paschal Donohoe: Ireland’s taxation of fuel is based on European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. Ireland applies excise duty, in the form of Mineral Oil Tax (MOT), to fuels used for motor or heating purposes. MOT is comprised of a non-carbon and a...

Written Answers — Department of Finance: Customs and Excise (15 Feb 2022)

Paschal Donohoe: I am advised by Revenue that the receipts from Mineral Oil Tax (MOT) for motor diesel and petrol for the years 2019 and 2020 are published on the Revenue website at link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx. The provisional receipts for motor diesel and petrol in 2021 are €1,441m and...

Written Answers — Department of Finance: Tax Code (15 Feb 2022)

Paschal Donohoe: Mineral Oil Tax is comprised of a carbon and a non-carbon charge; the carbon component is also referred to as carbon tax. I am advised by Revenue that the receipts from the Mineral Oil Tax Carbon Charge (MOTCC) for motor diesel and petrol for the years 2019 and 2020 are published on the Revenue website at the following address: www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Departmental Schemes (15 Feb 2022)

Paschal Donohoe: The Living City Initiative (LCI) (provided for in Finance Act 2013 and commenced on 5 May 2015) is a tax incentive aimed at the regeneration of the historic inner cities of Dublin, Cork, Galway, Kilkenny, Limerick and Waterford. The scheme provides income or corporation tax relief for qualifying expenditure incurred in refurbishing/converting qualifying buildings which are located within...

Written Answers — Department of Finance: Tax Code (15 Feb 2022)

Paschal Donohoe: The term “Exchange Traded Fund” or “ETF” is a general investment industry term that refers to a wide range of investments. ETF investments can take many different legal and regulatory forms even where they are established within the same jurisdiction. An ETF is an investment fund that is traded on a regulated stock exchange. A typical ETF can be compared to a...

Written Answers — Department of Finance: Banking Sector (15 Feb 2022)

Paschal Donohoe: As Minister for Finance, I have no role in the operational matters of any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. However, both I and the Central Bank expect that all financial firms act in their...

Written Answers — Department of Finance: Tax Code (15 Feb 2022)

Paschal Donohoe: As with all taxes, Capital Gains Tax (CGT) is subject to ongoing review, which involves the consideration and assessment of the rate of CGT and the relevant reliefs and exemptions. The current approach to CGT in Ireland is a flat rate of 33% for all gains, together with a range of targeted reliefs. The reliefs include an individual exemption of the first €1,270 of gains in a calendar...

Written Answers — Department of Finance: Departmental Consultations (15 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 280 and 281 together. On 23rd November last I announced the Terms of Reference for the Retail Banking Review. On the same date, I wrote to the Chair of the Committee on Finance, Public Expenditure and Reform, and Taoiseach informing him of the review and inviting any contributions the Committee or Members may wish to make in advance of the public consultation...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (15 Feb 2022)

Paschal Donohoe: I am advised by Revenue as follows: Pandemic Unemployment Payments (PUP) are classified in legislation as income supports and as such are subject to income tax but are exempt from the Universal Social Charge (USC) and Pay Related Social Insurance (PRSI). The PUP was not taxed in the normal ‘real-time’ manner in 2020, meaning the collection of any tax due was deferred...

Written Answers — Department of Finance: Regulatory Bodies (15 Feb 2022)

Paschal Donohoe: As the Deputy is aware, the Central Bank of Ireland has responsibility for the regulation and supervision of regulated financial service providers in terms of consumer protection and prudential requirements. Through its consumer protection role, the Central Bank sets out requirements in its codes of conduct which detail how regulated firms should deal with and treat their customers. If a...

Written Answers — Department of Finance: Customs and Excise (15 Feb 2022)

Paschal Donohoe: I am advised by Revenue that vehicles imported from Northern Ireland (NI), that were in NI prior to 1 January 2021, when the United Kingdom (UK) left the European Union (EU), are treated as EU goods and no customs formalities are required and VAT on import and Customs duty are not applicable. However, proof of the vehicle’s status in NI prior to 1 January 2021 will be required. For...

Written Answers — Department of Finance: Tax Code (15 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 285 and 286 together. The tax treatment of structural improvements and enhancements to rental properties is set out in sections 75, 97, 97A, 284 and 285A Taxes Consolidation Act 1997 (TCA). I am advised by Revenue that guidance as to whether those costs incurred should be treated as expenses or capital allowances when computing taxable profits, is provided...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Feb 2022)

Paschal Donohoe: The objective of the Employment Wage Subsidy Scheme (EWSS) is to support employment and maintain the link between the employer and employee insofar as is possible. The EWSS has been a key component of the Government’s response to the Covid-19 crisis. It is an economy-wide scheme that operates across all sectors. In money terms, the overall support provided to-date (10th February) by...

Written Answers — Department of Finance: Fuel Inspections (15 Feb 2022)

Paschal Donohoe: I am advised by Revenue that a multifaceted approach is taken to tackling the misuse of fuel. Revenue’s compliance activities in this area include roadside sampling of private and commercial vehicles at checkpoints combined with a risk-based, targeted sampling programme based on supply chain reporting obligations for suppliers and retailers. These activities leverage the benefits of...

Written Answers — Department of Finance: Tax Reliefs (15 Feb 2022)

Paschal Donohoe: Section 482 of the Taxes Consolidation Act 1997 allows for a reduction in certain circumstances in the amount of tax payable for an owner or occupier of: - an approved building, including surrounding garden - an approved building which is used for tourist accommodation - an approved garden - an approved object. The building, garden or object must be of a substantial scientific, historical,...