Results 6,501-6,520 of 32,602 for speaker:Paschal Donohoe

Written Answers — Department of Finance: State Bodies (16 Dec 2021)

Paschal Donohoe: 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 driver or as a passenger and also to certain organisations. In...

Written Answers — Department of Finance: Tax Reliefs (16 Dec 2021)

Paschal Donohoe: As the Deputy is aware, CAT Agricultural Relief enables qualifying farmers to reduce their liability to CAT by 90%. The relief operates by reducing the market value of 'agricultural property' (including farmland, buildings, stock) by 90%, so that gift or inheritance tax is calculated on an amount known as the 'agricultural value',  which is substantially less than the market value. ...

Written Answers — Department of Finance: Tax Reliefs (16 Dec 2021)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply.  In accordance with Irish legislation, agricultural equipment is liable to VAT at the standard rate, currently 23%. There is no discretion under the Directive for Ireland to reduce the rate of VAT on these goods. Farmers may elect to register for VAT or...

Written Answers — Department of Finance: Tax Code (16 Dec 2021)

Paschal Donohoe: My answer will focus on the stamp duty treatment of agricultural land, as this is the area highlighted in this question. All open land, including agricultural land, is classified as non-residential property for stamp duty purposes. Any re-categorisation of agricultural land for the purposes of stamp duty, would not be appropriate as it would introduce an inequity in terms of...

Written Answers — Department of Finance: Housing Schemes (16 Dec 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment.  The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act (TCA) 1997 outlines the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Dec 2021)

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...

Written Answers — Department of Finance: Capital Expenditure Programme (16 Dec 2021)

Paschal Donohoe: An amount of €1.9 billion was spent through non-voted capital expenditure in 2020. The vast majority of this is composed of short-term, technical loans for the purposes of cash flow, including €600 million to the Social Insurance Fund, €670 million to cover payments from the European Agriculture Guarantee Fund, and a further €253 million to the Supply Account....

Written Answers — Department of Finance: Housing Policy (16 Dec 2021)

Paschal Donohoe: I am aware of the ESRI paper to which the Deputy refers, which calls for higher levels of borrowing to increase public spending on housing.   The Government’s response to the Covid-19 pandemic has had a significant impact on our deficit. Last year, a general government deficit of €18½ billion was recorded – the equivalent of nearly 9 per cent of...

Written Answers — Department of Finance: Tax Rebates (16 Dec 2021)

Paschal Donohoe: Mineral Oil Tax (MOT) applies to minerals oils used for motor or heating purposes in the State. The rate of MOT is comprised of a carbon and non-carbon component. I am advised by Revenue that Section 98 of Finance Act 1999 provides for a partial relief for MOT for heavy oil and liquefied petroleum gas (LPG) used in horticultural production and the cultivation of mushrooms. Heavy oil refers...

Written Answers — Department of Finance: Vacant Properties (16 Dec 2021)

Paschal Donohoe: The Finance (Local Property Tax) (Amendment) Act 2021 provides for a revaluation of residential properties to form the basis of the Local Property Tax (LPT) charge from 2022. While the LPT filing deadline passed on 10 November, it is evident that property owners are still making their best efforts to file their returns as these continue to be received by Revenue. As part of the LPT...

Written Answers — Department of Finance: Economic and Social Research Institute (16 Dec 2021)

Paschal Donohoe: Officials from my Department have held meetings with researchers from the Economic and Social Research Institute (ESRI) 50 times in the past year. Many of these meetings relate to the work of the Department of Finance/ESRI Joint Research Programme, which is jointly funded by my Department and the Revenue Commissioners. This programme, which will continue for its eighth year in 2022, involves...

Written Answers — Department of Finance: State Bodies (16 Dec 2021)

Paschal Donohoe: I can advise the Deputy that information on State Board membership, by Department, is available on the State Boards website www.StateBoards.ie. As the State Boards under the aegis of my Department do not collect information related to the declared disabilities of their members, it is not possible to provide the number of such persons with a declared disability.

Written Answers — Department of Finance: Tax Reliefs (16 Dec 2021)

Paschal Donohoe: As the Deputy will be aware the Commission issued its original proposal to amend a Council directive on the common system of value added tax as regards rates of value added tax on 18 January 2018. The compromise text agreed at ECOFIN has been amended significantly in comparison to the original proposal so the EU Parliament will once again be consulted for their opinion.  Once the...

Written Answers — Department of Finance: Customs and Excise (16 Dec 2021)

Paschal Donohoe: I am advised by Revenue that across the European Union electronic customs import declarations are now required for all parcels / packages coming from non-EU countries regardless of the value of the goods being sent. This includes parcels / packages coming from the UK. It is important to note that without a customs declaration and payment of any taxes and duties owed, parcels / packages from...

Written Answers — Department of Finance: Illicit Trade (16 Dec 2021)

Paschal Donohoe: I am assured by Revenue that combating the threat which fuel fraud and the illicit alcohol and tobacco trades pose to legitimate businesses, consumers and the Exchequer continues to be a priority. Steps taken by Revenue to combat the illegal mineral oils trade include the implementation of stringent supply chain controls and reporting requirements, a rigorous programme of risk focused...

Written Answers — Department of Finance: Vacant Properties (16 Dec 2021)

Paschal Donohoe: In 2018 I commissioned  Indecon consultants to examine the potential of a vacant residential property tax to meet the objective of increasing the supply of homes. The resulting report presented a detailed evidence-based assessment of vacancy rates in areas in which the demand for housing is most acute. The Indecon report is entitled “Report on the Taxation of Vacant...

Written Answers — Department of Finance: Vacant Properties (16 Dec 2021)

Paschal Donohoe: The Government’s strategy ‘Housing For All’ includes an action for my Department to collect data on vacancy with a view to introducing a Vacant Property Tax. The timeframe for delivery on this commitment is the second quarter of 2022.  The Finance (Local Property Tax) (Amendment) Act 2021 has accordingly enabled Revenue to collect certain information on vacant...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 260 and 262 together. Including funds allocated in Budget 2022, the total amount made available to mitigate the impact of the Covid-19 pandemic stands at approximately €48 billion, composed of a combination of direct public expenditure, taxation measures and ‘below the line’ supports. Of this, €6.8 billion has been made...

Written Answers — Department of Finance: Economic Growth (16 Dec 2021)

Paschal Donohoe: Due to the success of our vaccination programme restrictions were eased gradually since the second quarter of this year, with the domestic economy recovering strongly as a result. Modified Domestic Demand (MDD) – the best measure of domestic economic activity now exceeds the level immediately preceding the pandemic (2019-Q4) by around 3 per cent. Improvements can also be seen in the...

Written Answers — Department of Finance: Brexit Issues (16 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 263 and 266 together. The latest figures from the CSO confirm the continued recovery of the domestic economy in the third quarter, as the success of the vaccination programme allowed for the easing of restrictions. Ireland’s external trade has supported the economy throughout the pandemic. The global economy experienced the shock of the Covid-19...