Results 22,941-22,960 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Vehicle Registration Tax (20 Jan 2021)

Paschal Donohoe: I am advised by Revenue that a person undertaking a transfer of residence from the UK (or any non-EU country) must have lived there for a continuous period of at least 12 months and have owned and used the vehicle for a minimum of 6 months before they can avail of the exemption from Customs Duty, VAT and VRT.

Written Answers — Department of Finance: Mortgage Lending (20 Jan 2021)

Paschal Donohoe: A key focus of the Central Bank is to ensure lenders are acting in a way that protects the best interests of borrowers, and in line with relevant codes and regulations. Through ongoing engagement with the BPFI and lenders, the Central Bank is working to ensure that borrowers affected by COVID-19 continue to be supported through this period of unprecedented stress. The main objective being...

Written Answers — Department of Finance: Tax Code (20 Jan 2021)

Paschal Donohoe: Regarding the Deputy’s question concerning an exemption from Capital Gains Tax (CGT) provided to religious orders, I am informed by Revenue that Section 609 of the Taxes Consolidation Act 1997 (the Act) provides that a gain on a disposal of an asset is not a chargeable gain if it accrues to a charity and is applied for charitable purposes. “Charity” is defined for...

Written Answers — Department of Finance: Living City Initiative (20 Jan 2021)

Paschal Donohoe: The Living City Initiative (LCI) was provided for in Finance Act 2013 and commenced on 5th May 2015. In my Budget 2020 speech, I announced that the LCI would be extended from 5 May 2020 to 31 December 2022. LCI is designed as a tax-based scheme which is demand led. As such, it is not subject to an annual cost ceiling and the question of increasing its funding annually by 50% does not arise....

Written Answers — Department of Finance: Help-To-Buy Scheme (20 Jan 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. In addition to the conditions laid down in section 477C Taxes...

Written Answers — Department of Finance: Tax Forms (20 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 156 and 157 together. Provisions to post workers to Member States across the EU / EEA and to the United Kingdom and to maintain such workers in the social insurance schemes of their sending Member State, is provided for within EU Regulation 883/2004 on the coordination of social security systems and in the Protocol on Social Security Coordination of the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 Jan 2021)

Paschal Donohoe: Section 851A of the Taxes Consolidation Act 1997 imposes an obligation of taxpayer confidentiality on Revenue and accordingly I am advised by Revenue that it is not in a position to comment on the tax affairs of any specific taxpayer. Accordingly, I propose to respond in general terms in relation to the operation of the Temporary Wage Subsidy Scheme (TWSS) and the compliance checks...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (20 Jan 2021)

Paschal Donohoe: 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. Details of these reliefs and the grant in respect of fuel usage are available on the Revenue website at the following link: The relief from Value Added Tax and Vehicle Registration Tax are...

Written Answers — Department of Finance: Customs and Excise (20 Jan 2021)

Paschal Donohoe: I am advised by Revenue that as an integrated tax and customs administration, Revenue deploys resources based on evolving business needs and to tackle any risks as they emerge. Over the last 2 years the number of Revenue staff assigned to our ports and airports has more than doubled over previous levels. In January 2020 there were 564 Revenue staff assigned to our ports and airports, while...

Written Answers — Department of Finance: Primary Medical Certificates (20 Jan 2021)

Paschal Donohoe: Following approval of the Finance Act 2020, which provides for the medical criteria for the Disabled Drivers Scheme, the HSE has been informed that medical assessments can recommence from 1stJanuary 2021. This is considered to be an interim solution only. A comprehensive review of the scheme, to include a broader review of mobility supports for persons with disabilities, will be conducted...

Written Answers — Department of Finance: Tax Data (20 Jan 2021)

Paschal Donohoe: My Department has published a Report on Tax Expenditures with each Budget since Budget 2016 (the Report on Tax Expenditures 2020 published on the day of Budget 2021 being the most recent). The report provides tables, of the extant tax expenditures and where available the number availing and revenue forgone in respect of each of the two most recently available years. It can be found at the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 Jan 2021)

Paschal Donohoe: The electricity and gas retail markets in Ireland operate within a European Union regulatory regime wherein electricity and gas markets are commercial, liberalised, and competitive. Operating within this overall EU framework, responsibility for the regulation of the electricity and gas markets, including the matters raised by the Deputy, is solely a matter for the Commission for Regulation of...

Written Answers — Department of Finance: Interest Rates (20 Jan 2021)

Paschal Donohoe: Firstly, I would like to let the Deputy know that I have no statutory role in relation to interest rates. All credit institutions in Ireland, including those in which the State has a shareholding, are independent commercial entities. Interest rates on deposit accounts are a commercial matter for the boards and management of individual banks. Notwithstanding this, I am not aware of any Irish...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 58 and 86 together. I am advised by Revenue that in order to claim the Stay and Spend Tax Credit taxpayers are required to upload a copy of their receipt(s) for qualifying expenditure to the Revenue Receipts Tracker and then make a formal claim for the tax credit when submitting their annual Income Tax Return. Under the scheme a claim may be made in...

Written Answers — Department of Finance: Help-To-Buy Scheme (21 Jan 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act 1997 outlines the...

Written Answers — Department of Finance: Import Costs (21 Jan 2021)

Paschal Donohoe: In relation to steel imports, I am informed by Revenue that there are tariff quotas set down by the EU for specific steel products and that the UK, as a 3rd country, has been allocated a specific quota for certain steel products as set out in the most recent Steel Safeguard Regulation (Commission Implementing Regulation (EU) 2020/2037). This operates in the same manner as the existing Steel...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (21 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 61 and 66 together. Revenue has advised me that they published a detailed breakdown of the position of PAYE taxpayers for 2020, based on their Preliminary End of Year Statements (PEOYS). The information, which is available at the following link, shows the distribution of overpayments and underpayments, by amount (including averages), for all relevant PAYE...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 62, 63 and 70 together. The 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...

Written Answers — Department of Finance: Tax Yield (21 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 64 and 65 together. I am advised by Revenue that due to the small number of Real Estate Investment Trusts (REITs) involved, and its obligation to maintain the confidentiality of taxpayer information, the data sought by the Deputy cannot be provided. I am further advised that regarding Question 3096/21, is not possible to estimate the revenue that would...

Written Answers — Department of Finance: Tax Code (21 Jan 2021)

Paschal Donohoe: Section 110 of the Taxes Consolidation Act 1997 sets out a regime for the taxation of special purpose companies set up to securitise assets. The tax provisions are intended to create a tax neutral regime for bona-fide securitisation and structured finance purposes. The section 110 regime enables noteholders to invest through one structured vehicle, without giving rise to an additional layer...