Results 14,221-14,240 of 32,960 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Yield (9 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 150 and 151 together. I am advised by Revenue that based on the number of departing passengers in 2018 as published by the Central Statistics Office (18,300,561), the expected revenue generated would be €91.5 million, if charged at a rate of €5 per passenger. There is no information available in respect of the number of disabled passengers and...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (9 Jul 2019)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a Fuel Grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Brexit Staff (9 Jul 2019)

Paschal Donohoe: I am advised by Revenue that no additional resources were recruited to Revenue in 2016 for Brexit. Following the decision of the UK in June 2016 to leave the EU, Revenue began a review of potential policy and operational implications and that work was undertaken within the then existing resources. Budget 2017 provided Revenue with resources for an additional 40 staff to prepare for Brexit....

Written Answers — Department of Finance: Tax Code (9 Jul 2019)

Paschal Donohoe: It was not possible to collate the information sought in the time available and, therefore, I will make arrangements to provide the information to the Deputy as soon as possible and in line with Standing Orders.

Written Answers — Department of Finance: Cycle to Work Scheme (9 Jul 2019)

Paschal Donohoe: The purpose of the cycle to work scheme, introduced by the Finance (No. 2) Act 2008, is to encourage more employees to cycle to and from work, or between work places, thereby contributing to lowering carbon emissions, reducing traffic congestion and improving health and fitness levels. Under the scheme an employer may provide an employee with a bicycle and/or cycle safety equipment without...

Written Answers — Department of Finance: Departmental Expenditure (9 Jul 2019)

Paschal Donohoe: The amount my Department spent on tribunals, commissions of investigation and statutory inquiries in each of the years 2009 to 2018 and to date in 2019 are in tabular form below. Year IBRC Commission of Investigation Banking Inquiry 2019 €81,137.70 Nil 2018 €29,769.26 Nil 2017 €54,436.50 Nil 2016 €27,180.63 €34,348 2015 €223,724.55 €208,013

Written Answers — Department of Finance: State Aid Investigations (9 Jul 2019)

Paschal Donohoe: Notwithstanding the appeal in the Apple State aid case and the difference in view between Ireland and the Commission on the issue, the Government has always stated that it is fully committed to complying with the binding legal obligations the Commission’s Final Decision places on Ireland. The State recovered the alleged State aid from Apple. The total amount lodged to the Escrow Fund...

Written Answers — Department of Finance: Land Transfers (9 Jul 2019)

Paschal Donohoe: I am advised by Revenue that the transfer of one acre of land by a person to a sibling to build a house on that land constitutes a disposal of the land for capital gains tax (CGT) purposes. Any gain arising on the transfer of the land is liable to CGT for the person making the disposal. The first €1,270 of gains made by an individual in a tax year are exempt from CGT. Relief from...

Written Answers — Department of Finance: Departmental Advertising Data (9 Jul 2019)

Paschal Donohoe: The amount my Department spent on digital marketing in each of the past eight years; the items on which funds were spent; the criteria by which target audiences were selected; the amount of the digital spend targeted here; the amount targeted abroad; the amount that related to private companies; the amount that related to policy initiatives; and the purpose of the digital advertisements is...

Written Answers — Department of Finance: Financial Services Regulation (9 Jul 2019)

Paschal Donohoe: The original Consumer Protection Code (the Code) was introduced in 2006 and effective from 1 July 2007 and set out rules and principles that all regulated financial services firms must follow when providing financial products and services to consumers. The general principles of the Code (which remain in place following the 2012 review of the Code) require regulated entities to ensure that...

Written Answers — Department of Finance: Departmental Expenditure (9 Jul 2019)

Paschal Donohoe: My Department engaged the companies mentioned in each of the years 2015 to 2019. Details of the fees paid are in the following table: Year Business Unit Companies Cost per year Reason each was engaged 2015 207608 Arthur Cox €934,654 Litigation 2016 207608 Arthur Cox €242,234 Litigation, procurement advice, ongoing management and phased disposal of State investments 2016...

Written Answers — Department of Finance: Departmental Expenditure (9 Jul 2019)

Paschal Donohoe: My Department engaged the company System Dynamics to provide technical support for an IT system. In July 2015 this company was acquired by Deloitte. On two occasions between 2015 and 2019 we made payments in relation to this engagement. Details of the fees paid are in the following table: Year Projects Costs paid 2015 Oracle JDEWARDS Support Service 19,999.80 2016 Oracle JDEWARDS Support...

Written Answers — Department of Finance: Vehicle Registration (9 Jul 2019)

Paschal Donohoe: Ireland’s Vehicle Registration Tax regime for passenger cars (VRT Category A) is based on CO2 emissions in order to encourage the purchase of vehicles with lower CO2 emissions. This is in line with broader climate change policy as well as EU Regulations which set ever lower binding emissions targets on the automotive industry in relation to new car and van fleets.  The...

Written Answers — Department of Finance: Tax Reliefs Data (9 Jul 2019)

Paschal Donohoe: I am informed by Revenue that the Taxes Consolidation Act 1997 (TCA) provides the following reliefs and deductions at a taxpayer’s marginal rate of tax:  - Section 114 provides a deduction for expenses wholly, exclusively and necessarily incurred in the performance of the duties of employment. - Sections 381 – 390 provide deductions in relation to losses incurred in a...

Written Answers — Department of Finance: Real Estate Investment Trusts (9 Jul 2019)

Paschal Donohoe: In light of recent commentary on the property market and in the context of the question asked, I believe the Deputy is referring to Real Estate Investment Trusts, Irish Real Estate Funds and section 110 companies. Finance Act 2013 introduced the regime for Real Estate Investment Trusts (REITs) in Ireland. The function of the REIT framework is not to provide an overall tax exemption...

Written Answers — Department of Finance: Departmental Schemes (9 Jul 2019)

Paschal Donohoe: The Government's Climate Action Plan contains the following action point: As an alternative to the current grant regime, consider in 2020 a car-scrappage scheme to promote the purchase of electric vehicles. This is directed to my Department. The previous car scrappage scheme operated from January 2010 to July 2011. VRT relief of up to €1,500 was available upon...

Written Answers — Department of Finance: VAT Rate Application (9 Jul 2019)

Paschal Donohoe: VAT legislation does not specifically apply the zero rate of VAT to food supplements but shortly after the introduction of VAT in 1972  Revenue applied a concessionary zero rating to certain vitamin, mineral and fish oil products. As the market developed over the years this treatment resulted in the zero rating by Revenue of further similar products, including products other than...

Written Answers — Department of Finance: National Economic Dialogue (9 Jul 2019)

Paschal Donohoe: As the Deputy will be aware the National Economic Dialogue took place for the fifth time on June 26thand June 27ththis year. The Dialogue provided an opportunity to foster discussion between the relevant stakeholders on how to best sustain and strengthen the recovery while taking into account the many competing economic and social priorities within the limited available resources. The...

Written Answers — Department of Finance: VAT Rate Application (9 Jul 2019)

Paschal Donohoe: The second reduced 9% VAT rate was introduced on a temporary basis as part of the Jobs Initiative from July 2011 to December 2013 and was aimed at boosting tourism and the creation of additional jobs in that sector. The rate was designed to be temporary, but was maintained in subsequent Budgets. In 2016, the Programme for Partnership Government committed to maintaining the 9% VAT rate,...

Written Answers — Department of Finance: Universal Social Charge Abolition (9 Jul 2019)

Paschal Donohoe: An inter-departmental working group was established in February 2018 to examine and report on options for the amalgamation of USC and PRSI over the medium-term. The working group completed their work, in line with their terms of reference and their report was submitted to me in late 2018. Follow-on decisions will be taken in due course and I will make these public at the appropriate time. ...