Results 10,921-10,940 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (8 Oct 2020)

Paschal Donohoe: I am advised by Revenue that where e-workers incur certain extra expenditure in the performance of their duties of employment remotely or from home, such as additional heating and electricity costs, there is a Revenue administrative practice in place that allows an employer to make payments up to €3.20 per day to such employees, subject to certain conditions, without deducting PAYE,...

Written Answers — Department of Finance: Fuel Oil Specifications (8 Oct 2020)

Paschal Donohoe: There are several ports through which refined oil products, such as diesel, can arrive into the State. The ports are in Dublin, Galway, Foynes and Tarbert. Crude oil is also received into Whitegate Refinery in Co. Cork for refining by ship. The Whitegate Refinery can also receive refined product by ship. Crude and refined oil product is stored on Whiddy Island, Bantry, Co, Cork. Refined...

Committee on Budgetary Oversight: Pre-Budget Engagement: Minister for Public Expenditure and Reform (8 Oct 2020)

Paschal Donohoe: Does the Minister know the quantum of the recovery fund? Why will he not provide the committee responsible for budgetary oversight with the parameters of what he is considering? I am not looking for the exact figure but an indication as to whether the recovery fund is €500 million or €5 billion. With respect, this is the budgetary oversight committee. One of the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (7 Oct 2020)

Paschal Donohoe: The Deputy will be aware that under Section 851A of the Taxes Consolidation Act 1997, Revenue is precluded by reason of its taxpayer confidentiality obligations, from providing any details in relation to the company in question. The Employment Wage Subsidy Scheme (EWSS) replaced the Temporary Wage Subsidy Scheme (TWSS) from 1 September. To qualify for the EWSS, an employer must have tax...

Written Answers — Department of Finance: Value Added Tax (7 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 55 and 56 together. 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. Supplies of capital goods in the agriculture sector, including farm machinery and equipment, is liable to VAT at the standard rate, currently 21%, and there is no scope under the Directive...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (7 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 57 and 58 together. The Disabled Drivers & Disabled Passengers Scheme 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 cost of the scheme in 2019, excluding motor tax, was €72m. The Scheme is open to severely and permanently disabled persons...

Written Answers — Department of Finance: Insurance Costs (7 Oct 2020)

Paschal Donohoe: I can assure the Deputy that insurance reform is a key policy priority for this Government and this is reflected in the Programme for Government (PfG). There are a number of areas that require reform and this is why making progress on these problems will require a ‘whole-of-Government’ approach as recognised in the PfG. This lays out specific commitments that are aimed at...

Written Answers — Department of Finance: Motor Industry (7 Oct 2020)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Tax Code (7 Oct 2020)

Paschal Donohoe: It is assumed that the new tax rates and bands proposed by the Deputy would be integrated into the current income tax system. On that basis, I am advised by Revenue that the estimated additional yield to the Exchequer would be of the order of €1.3 billion and €1.7 billion on a first year and full year basis respectively. These calculations have been generated by reference...

Written Answers — Department of Finance: Tax Code (7 Oct 2020)

Paschal Donohoe: As there are considerable differences in each person’s tax circumstances, it is not possible to provide details of the estimated undercharges arising from the taxation of payments under the Temporary Wage Subsidy Scheme (TWSS), nor to estimate the numbers of individuals who may have such undercharges. The TWSS was legislated for in section 28 of the Emergency Measures in the...

Written Answers — Department of Finance: Tax Code (7 Oct 2020)

Paschal Donohoe: The Financial Measures (Covid-19) (No. 2) Act 2020 put on a statutory footing the arrangements for the ‘warehousing’ of tax debts that Revenue had been operating on an administrative basis since the beginning of Covid-19 related restrictions in March 2020. The arrangements apply to VAT liabilities in respect of January/February 2020 to July/August 2020 inclusive and PAYE...

Written Answers — Department of Finance: Tax Reliefs (7 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 64 and 66 together. The 2020 Programme for Government: Our Shared Future contains several commitments related to working from home, including an examination of the “feasibility and merits of changing tax arrangements to encourage more people to work remotely”, the responsibility for which falls to my Department. There is also a commitment to the...

Written Answers — Department of Finance: Help-To-Buy Scheme (7 Oct 2020)

Paschal Donohoe: The Help To Buy (HTB) incentive, announced in Budget 2017 is designed to assist first-time buyers with the deposit required to purchase or self-build a new house or apartment to live in as their home. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. HTB is...

Written Answers — Department of Finance: Budget Submissions (7 Oct 2020)

Paschal Donohoe: I can confirm that I received the pre-Budget submission from the organisation concerned. It was acknowledged by my officials who said that the contents would be considered in the context of the forthcoming Budget. However, as the Deputy may be aware, it is a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the...

Written Answers — Department of Finance: Wage Subsidy Scheme (7 Oct 2020)

Paschal Donohoe: The existing cost estimate for the Employment Wage Subsidy Scheme (EWSS) is an additional €2.25 billion. This is comprised of €1.35bn until the end of 2020 and €0.9bn in 2021. These costs are on the basis that the EWSS will support around 350,000 jobs into the beginning of 2021. Revenue have estimated that 360,000 workers were supported by the Temporary Wage Subsidy...

Written Answers — Department of Finance: Wage Subsidy Scheme (7 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 69 and 70 together. The Employment Wage Subsidy Scheme (EWSS), which has been operating since 1 July has replaced the Temporary Wage Subsidy Scheme (TWSS) which expired on 31 August 2020. The EWSS will remain in place until March 2021, thereby allowing employers to rely on the continuation of support over a longer period of 8 months while also ensuring...

Written Answers — Department of Finance: Tax Code (7 Oct 2020)

Paschal Donohoe: As a general rule, all social welfare payments are subject to taxation, unless specifically exempted. These exemptions in general may apply to means tested-payments. As I have previously advised, the position is that payments made under the Pandemic Unemployment Payment (PUP) Scheme are an income support and share the characteristics of income. Other income earners in receipt of...

Written Answers — Department of Finance: Universal Social Charge (7 Oct 2020)

Paschal Donohoe: I am advised by Revenue that the estimated first and full year cost to the Exchequer of exempting all persons earning below €90,000 from the Universal Social Charge (USC) is €1.6 billion and €1.8 billion, respectively. These projections have been generated by reference to estimated 2021 incomes, calculated on the basis of actual data for the year 2018, the latest...

Written Answers — Department of Finance: Help-To-Buy Scheme (6 Oct 2020)

Paschal Donohoe: The Help To Buy (HTB) incentive, announced in Budget 2017 is designed to assist first-time buyers with the deposit required to purchase or self-build a new house or apartment to live in as their home. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. HTB is...

Written Answers — Department of Finance: Vehicle Registration Tax (6 Oct 2020)

Paschal Donohoe: I am advised by Revenue that the issue to which the Deputy is referring has been rectified and the business in question has received the outstanding Vehicle Registration Tax (VRT) quotations. Revenue has also confirmed that the delays in question occurred due to increased demand for motor homes and camper van registration requests. Revenue has committed additional resources to the...