Results 15,001-15,020 of 34,135 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Corporate Governance (24 Sep 2019)

Paschal Donohoe: Statutory Instrument 110 of 2019, the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019, was signed into law on 22 March 2019. These Regulations transpose Article 30 of the Fifth Anti-Money Laundering Directive and maintain the obligation, first established in 2016, for corporate entities to obtain and hold information on their beneficial...

Written Answers — Department of Finance: Corporation Tax (24 Sep 2019)

Paschal Donohoe: Corporation Tax Loss Relief is provided for by Section 396 of the Taxes Consolidation Act (TCA) 1997. It allows for losses incurred in the course of business to be accounted for when calculating a business’ tax liabilities. Loss relief is a long standing feature of the Irish Corporate Tax system and is a standard feature of Corporation Tax systems in all OECD countries. Loss relief is...

Written Answers — Department of Finance: Fuel Traders Licences (24 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 89 and 116 together. A licence to sell diesel and marked gas oil can be granted in the absence of a ‘Dangerous Substance Licence’ being issued by the Local Authority. However, the licence can only issue where the conditions set down in Section 101 of Finance Act 1999 (as amended) are fully met. This includes a restriction on storing or selling...

Written Answers — Department of Finance: Property Tax Data (24 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the amount of Local Property Tax (LPT) collected, broken down by Local Authority area since its introduction in 2013, for the years 2013 to 2018, is available on the Revenue website at link: . Information in respect of LPT collected, broken down by Local Authority area for 2019 to date is available at link:

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the estimated additional revenue that could be raised in a full year from the proposed increases are shown in the following table. These estimates are based on the trends in diesel cars in 2019 and do not take into account any subsequent change in behaviour due to the increased duty on diesel cars. However, given the large increases proposed it is highly unlikely...

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the estimated revenue in a full year from the proposed increases are as follows: € 0.01 0.02 0.03 0.04 0.05 €m 28 55 83 110 137

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: The cost of the diesel rebate scheme in any given year is variable, depending on the volumes of claims and the quarterly rebate rates used. Therefore it is not possible to give an estimate of the additional revenue that would accrue were the diesel rebate scheme to be scrapped. The highest annual cost of the scheme was €21m while the lowest annual costs of the scheme was zero.

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: The savings generated would be entirely dependent on the volumes of claims and the quarterly rebate rates used, which is dependent on the retail price of diesel. All of these variables will likely fluctuate from quarter to quarter and from year to year.

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the estimated yield in a full year from the proposed increases are as follows : New rate €1 €2 €3 €4 €5 €m 2.3 7.0 11.7 16.4 21.0

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue does not have data available to cost this proposal.

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: Since 1 November 2008, diesel used for private pleasure navigation is subject to Mineral Oil Tax (MOT) at the rate that applies to auto diesel, rather than the reduced rate that applies to Marked Gas Oil (MGO). No additional tax liability will arise for owners of private pleasure craft by a legislative amendment to prohibit the use of Marked Gas Oil in private pleasure navigation. It is not...

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 98 to 107, inclusive, together. I am advised by Revenue that tax remitted in respect of benefits-in-kind is not separately itemised by benefit type on employer returns. Instead, the total aggregated benefit-in-kind figure is declared to Revenue. Therefore, tax returns do not provide the data necessary to compile the costings sought by the Deputy.

Written Answers — Department of Finance: Tax Incentives (24 Sep 2019)

Paschal Donohoe: There is currently no domestic retrofit tax incentive. As part of the annual Taxation Strategy Group (TSG) process undertaken by officials from my Department earlier this year, a proposal for an income tax incentive measure to encourage domestic retrofits was examined and published within the Climate Action and Tax paper. This examination was prompted by the publication of the All of...

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: The tax exemption for jet fuel used for air navigation for international and intra-Community transport purposes is mandatory. Therefore, save for the implementation of any bilateral arrangements provided under the Directive, any proposal to tax such fuel use would be in breach of Directive 2003/96/EC on the taxation of energy products and electricity. The relief for heavy oil used for...

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue has no data available to cost this specific proposal.

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue has no data available to cost this specific proposal.

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue has no data available to cost this specific proposal.

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue has no data available to cost this specific proposal.

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue has no data available to cost this specific proposal.

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: Section 232 of the Taxes Consolidation Act 1997 provides for an exemption from Income Tax (but not USC or PRSI) and Corporation Tax on the profits or gains arising from the occupation of woodland in the State, which is managed on a commercial basis and with a view to the realisation of profits. I am advised by Revenue that the available data regarding the cost and uptake for this exemption...