Results 6,581-6,600 of 32,602 for speaker:Paschal Donohoe

Seanad: Finance Bill 2021: Committee and Remaining Stages (14 Dec 2021)

Paschal Donohoe: I am aware of the Senator's Private Members' Bill, the Worker Co-operatives and Right to Buy Bill 2021, and his interest in this matter. I note that it included a proposed new section 597AB for insertion in the Taxes Consolidation Act 1997 to allow for relief from capital gains tax on the sale of a business to a workers' co-operative. I understand the Bill proceeded to Second Stage in the...

Written Answers — Department of Finance: Tax Code (14 Dec 2021)

Paschal Donohoe: The VAT treatment of the supply of goods and services is subject to the requirements of the EU VAT Directive, with which Irish VAT law must comply. Exemptions from VAT for certain activities in the public interest are set out in Chapter 2 of Title IX of the Directive. These provisions are transposed into Irish legislation in Part 1, Schedule 1, VAT Consolidation Act 2010. Paragraph 2(5) of...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (14 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 201, 205, 207, 211, 218 and 221 together. 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....

Written Answers — Department of Finance: Departmental Reviews (14 Dec 2021)

Paschal Donohoe: The Retail Banking Review is being undertaken directly by the Department of Finance, which has assigned a team in its Banking Division to the task. The team will consist of seven officials, To date, five Department officials and one of two officials being seconded from the Central Bank of Ireland have been assigned. The gender breakdown of the six officials is that two are female and four...

Written Answers — Department of Finance: Tax Data (14 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 203 and 204 together. Finance Act 2000 introduced the gross roll-up taxation regime for investments in domestic funds (in section 58) and for investments in life policies (in section 53). While Finance Act 1990 had introduced anti-avoidance rules that are known as the “offshore funds” regime, Finance Act 2001 (section 72) amended the offshore...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (14 Dec 2021)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS) which is an economy-wide enterprise support for eligible businesses. EWSS provides a subsidy to qualifying employers, based on the number of qualifying employees on the payroll. As an economy-wide support, the EWSS has played a central role in supporting...

Written Answers — Department of Finance: Tax Code (14 Dec 2021)

Paschal Donohoe: I am aware of the report referred to by the Deputy in relation to an assessment by ISME of the effect of state policies on moderate to low income earners. The report suggests policy changes in the following four areas: 1. Adjusting PRSI to eliminate the very high marginal PRSI rate on additional income in the PRSI Transition Zone from €18,304 to €22,048 per annum. 2....

Written Answers — Department of Finance: Revenue Commissioners (14 Dec 2021)

Paschal Donohoe: I am advised by Revenue that it currently operates 24 Detector Dog Teams with arrangements in place to increase this to 28 Detector Dog Teams for early 2022. This is an increase of 14 dog teams over the last five years. Revenue have advised that the aforementioned numbers will meet the anticipated operational needs in the immediate term. I am also advised by Revenue that the deployment...

Written Answers — Department of Finance: Tax Credits (14 Dec 2021)

Paschal Donohoe: I am advised by Revenue that the home carer tax credit may be claimed by jointly assessed married persons or civil partners, where one spouse or civil partner (the ‘home carer’) cares for one or more dependent persons. A dependent person includes an individual who, at any time in the year of assessment, is: - a child in respect of whom the home carer, or his or her spouse or...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (14 Dec 2021)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS) which is an economy-wide enterprise support for eligible businesses. EWSS provides a flat-rate subsidy to qualifying employers, based on the number of qualifying employees on the payroll. As an economy-wide support, the EWSS has played a central role in...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (14 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 213 to 215, inclusive, and 219 together. The Covid Restrictions Support Scheme (CRSS) is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. The support is available to companies, self-employed individuals and partnerships who...

Written Answers — Department of Finance: Primary Medical Certificates (14 Dec 2021)

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: Covid-19 Pandemic Supports (14 Dec 2021)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS) which is an economy-wide enterprise support for eligible businesses. EWSS provides a subsidy to qualifying employers, based on the number of qualifying employees on the payroll. As an economy-wide support, the EWSS has played a central role in supporting...

Written Answers — Department of Finance: Tax Code (14 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 220, 227 and 228 together. As the Deputies 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...

Written Answers — Department of Finance: Disability Services (14 Dec 2021)

Paschal Donohoe: I am aware of the recent Ombudsman report and its findings, particularly in relation to the Disabled Drivers & Disabled Passengers Scheme, which 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...

Written Answers — Department of Finance: Tax Data (14 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 223 to 225, inclusive, together. Corporation tax receipts are paid into the Central Fund along with other tax receipts. Issues from the Central Fund are used in the day-to-day running of the State and it is therefore not possible to link corporation tax revenue specifically to capital expenditure. Tax revenue data is available from my Department’s...

Written Answers — Department of Finance: Tax Code (14 Dec 2021)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law must comply. Under the EU VAT Directive and Irish VAT legislation the supply of building materials is liable to VAT at the standard rate, currently 23%. Member states are not permitted to apply a VAT rate lower than the standard rate to building...

Written Answers — Department of Finance: Tax Reliefs (14 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 229 to 231, inclusive, together. Transborder Workers’ Relief may apply in the case of an individual resident in the State but who commutes to his or her place of work outside the State. This relief is set out in section 825A of the Taxes Consolidation Act (TCA) 1997. The relief effectively removes the foreign employment income from a liability to Irish...

Written Answers — Department of Finance: Fiscal Policy (14 Dec 2021)

Paschal Donohoe: Under the Ministers and Secretaries (Amendment) Act 2013 there is a requirement each year for Government to agree an overall Government Expenditure Ceiling for each of the following 3 years, to allocate this into Ministerial Expenditure Ceilings and then to inform Dáil Éireann. To comply with this requirement, in line with the approach taken in 2021, expenditure ceilings for 2022...

Written Answers — Department of Finance: Tax Code (14 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 233 and 234 together. Corporation tax receipts recorded strong growth throughout the pandemic, increasing by almost €950 million last year to reach €11.8 billion, which was, at the time, the highest level on record. As of November this year, corporation tax receipts stood at €13.6 billion. These receipts are welcome, and a reflection of...