Results 8,641-8,660 of 33,280 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Revenue Commissioners (27 Jul 2021)

Paschal Donohoe: I am advised by Revenue that the initial cost of each additional detection dog team is approximately €100,000 (€500,000 for 5 teams). This includes the cost of a trained detection dog, salary of the handler, 8 weeks training for the handler with the dog, a fully fitted out dog transport van, a kennel and associated security at the handler’s home. The ongoing annual cost...

Written Answers — Department of Finance: Tax Reliefs (27 Jul 2021)

Paschal Donohoe: Consanguinity relief is the relief that applies in relation to transfers of farmland between certain blood relatives whereby the applicable rate of stamp duty is reduced from 7.5% to1%. The details and conditions of the relief are set out in Schedule 1(5) of the Stamp Duties Consolidation Act 1999. The relief was extended in Budget 2021 until the end of 2023 . The relevant relationships for...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (27 Jul 2021)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the introduction of the Employment Wage Subsidy Scheme (EWSS) from September 2020. The EWSS is an economy-wide enterprise support for eligible businesses in respect of eligible employees. The Finance (Covid-19 and Miscellaneous Provisions) Act 2021, which was signed into law on 19 July 2021,...

Written Answers — Department of Finance: Tax Code (27 Jul 2021)

Paschal Donohoe: Budget 2021 provided for a reduction in the rate of VAT from 13.5% to 9% for Hospitality and Tourism related services and goods. This was a temporary measure to provide support for 14 months from 1 November 2020 to the end 2021. The measure is being extended to 31 August 2022 in recognition of the continuing challenges facing the Hospitality and Tourism sector. While temporary, this...

Written Answers — Department of Finance: Tax Code (27 Jul 2021)

Paschal Donohoe: As previously indicated to the Deputy, there are a number of existing reliefs that are available to property owners selling their home, and to first-time buyers such as the Help to Buy scheme and certain reliefs under the Capital Tax area which I outlined in my previous response. I am very conscious of the need to bring more properties onto the market and to give first time buyers a more...

Written Answers — Department of Finance: International Agreements (27 Jul 2021)

Paschal Donohoe: The Competent Authority Agreement (CAA) under the Ireland-Malta Double Taxation Convention 2008 records that the Irish and Maltese competent authorities for the purpose of that Convention have agreed that, in relation to the tax avoidance structure outlined in the CAA, the Double Taxation Convention’s deeming of a company – incorporated in Ireland but managed in Malta –...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (27 Jul 2021)

Paschal Donohoe: 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 carry on a trade or trading activities, the profits from which are chargeable...

Written Answers — Department of Finance: Departmental Funding (27 Jul 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of any funding being allocated to projects or initiatives in County Tipperary in the past 12 months. I wish to note that my response refers only to Department of Finance records and I cannot comment on behalf of other Government Departments.

Written Answers — Department of Finance: Illicit Trade (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 399 and 400 together. I am advised that Revenue uses a range of measures to identify and target the smuggling, supply or sale of illicit tobacco products, with a view to disrupting the supply chain, seizing the products and where possible, prosecuting those involved. Revenue’s strategy involves developing and sharing intelligence on a national, EU...

Written Answers — Department of Finance: Departmental Funding (27 Jul 2021)

Paschal Donohoe: I can inform the Deputy that the Annual Estimate for the Supply Services for each Department sets out the cost of each Departmental function – for which the Dáil is asked to appropriate money by way of a separate Vote – and outlines the set of outputs to be delivered within those functions. The Budget Estimate Volume (October) sets out a formal description of the services...

Written Answers — Department of Finance: Tax Code (27 Jul 2021)

Paschal Donohoe: You may be aware that on 1 July 2021, the OECD Inclusive Framework reached agreement, but not consensus,on key aspects of the two-pillar solution to address tax challenges arising from digitalisation and globalisation. Pillar One proposes a re-allocation of a proportion of tax to the market jurisdiction, while Pillar Two seeks to apply a global minimum effective tax rate. Ireland is...

Written Answers — Department of Finance: Tax Code (27 Jul 2021)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT legislation 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 categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States may apply a...

Written Answers — Department of Finance: Economic Growth (27 Jul 2021)

Paschal Donohoe: The standard international measure of economic activity is Gross Domestic Product (hereafter ‘GDP’), which measures the total value of goods and services produced in an economy during a particular period. When the European Council reached agreement on the Multi-annual Financial Framework 2021-2027 and Next Generation EU Recovery Instrument, last July, the Government...

Written Answers — Department of Finance: Tax Code (27 Jul 2021)

Paschal Donohoe: The Deputy will be aware that on 1 July 2021, the OECD Inclusive Framework reached agreement, but not consensus,on key aspects of the two-pillar solution to address tax challenges arising from digitalisation and globalisation. Pillar One proposes a re-allocation of a proportion of tax to the market jurisdiction, while Pillar Two seeks to apply a global minimum effective tax rate. Ireland is...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (27 Jul 2021)

Paschal Donohoe: Revenue publishes weekly statistical updates on the main COVID-19 support schemes, including the Covid Restriction Support Scheme (CRSS). These statistics are available at link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/number-of-taxpayers-and-returns/covid-19-support-scheme s-statistics.aspx. The latest update to the statistics, dated 22 July 2021, shows in...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 410 and 413 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 carry on a trade or...

Written Answers — Department of Finance: Tax Code (27 Jul 2021)

Paschal Donohoe: I assume that the Deputy is referring to the Digital Levy. In 2020, the European Council invited the European Commission to bring forward a proposal for a digital levy in 2021 in the context of Own Resources to assist in the funding of the EU budget. It is my understanding that it was the intention of the European Commission to bring forward such a proposal this month. However on 12...

Written Answers — Department of Finance: Tax Code (27 Jul 2021)

Paschal Donohoe: My understanding is that the Deputy's question relates to changes to the international tax framework proposed recently at OECD. In this context, you may be aware that on 1 July 2021, the OECD Inclusive Framework reached agreement, but not consensus,on key aspects of the two-pillar solution to address tax challenges arising from digitalisation and globalisation. Pillar One proposes a...

Written Answers — Department of Finance: Brexit Issues (27 Jul 2021)

Paschal Donohoe: The ATA Carnet is an internationally recognised document that you can use to temporarily import or export certain goods into or out of the EU. The carnet is issued in the country from where the goods are exported. You must present the ATA carnet with the goods to customs at the point of exportation and importation. The ATA Carnet is completed and stamped each time the goods leave/re-enter...

Written Answers — Department of Finance: Insurance Industry (27 Jul 2021)

Paschal Donohoe: I note that the details supplied by the Deputy refers to insurance for a specific organisation. While I recognise the concerns felt by many businesses across various sectors around the cost and availability of insurance cover, I am sure the Deputy will appreciate that neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, nor do we have...