Results 25,141-25,160 of 33,175 for speaker:Paschal Donohoe

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

Paschal Donohoe: I am informed by Revenue that the necessary data are not provided on tax returns to enable an accurate estimate of the cost of extending the 50% excise relief (available to qualifying microbreweries) to cider brewers and other fermented beverage manufacturers. The following table sets out the value of Alcohol Products Tax (APT) relief for beer produced in qualifying microbreweries for the...

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

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS) which is an economy-wide enterprise support for eligible businesses. The Finance (Covid-19 and Miscellaneous Provisions) Act 2021, signed into law on 19 July, provided for the extension of EWSS to 31 December 2021, ensuring that the scheme continues to...

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

Paschal Donohoe: The current stamp duty rate for non-residential property, which includes agricultural land, is 7.5%. Farming is first and foremost a business, and indeed section 655 of the Taxes Consolidation Act 1997 states "For the purposes of the Tax Acts, farming shall be treated as the carrying on of a trade or, as the case may be, of part of a trade, and the profits or gains of farming shall...

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

Paschal Donohoe: The Housing for All Strategy was developed in consultation with all relevant Government Departments, including my own. The measures set out in the strategy, together with the associated timeframes for delivery, represent the current actions for priority attention in order to increase the supply of residential property. Having said this, the Deputy will be aware of the Living City...

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

Paschal Donohoe: I propose to take Questions Nos. 90, 91 and 92 together. Local Property Tax (LPT) is a self-assessed tax.  As such, for the new ‘valuation period’ of 2022 to 2025, it is a matter for residential property owners themselves to determine the market value of their property as at 1 November 2021, calculate the LPT due and submit an LPT Return to Revenue by 7 November...

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

Paschal Donohoe: I propose to take Questions Nos. 93 and 94 together. Background Prior to 2000, income tax allowed for full joint assessment of married couples.  This meant that the earner in a single income couple could use the combined tax credits and standard rate band available to both individuals – i.e. double the personal tax credit and rate band available to a single earner.  As a...

Written Answers — Department of Finance: Banking Sector (20 Oct 2021)

Paschal Donohoe: I am aware that officials in my Department have sought clarification from the Deputy in relation to this parliamentary question. If the nature of the question is clarified, a further reply can be provided directly. The details supplied to this parliamentary question also makes reference to a media article from 2020. Mr David Tynan of PwC was appointed to the role of Assessor pursuant...

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (21 Oct 2021)

Paschal Donohoe: I thank the Senator for the issues he has raised on behalf of Senator Higgins. I look forward to debating these matters with her directly on Report Stage. I will go through the different issues the Senator raised. The first relates to the eligibility criteria and whether it is appropriate that any government be in the position of selling off its share in an asset it currently publicly...

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (21 Oct 2021)

Paschal Donohoe: I do not propose to accept this amendment to add a new section 8 to the Bill. This amendment provides for the publication of a report outlining details on two separate matters: first, measures taken to ensure appropriate safeguards and separation between ESM co-operation with the EU Commission in the area of policy; and second, ESM engagement with private citizens. I will say a word about...

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (21 Oct 2021)

Paschal Donohoe: This amendment will provide for the publication of a report outlining where compliance with EU fiscal criteria has precluded public investment or required public services or infrastructure to be delivered off balance sheet with the additional costs associated with such short-term expenditure versus long-term investment. It is important to recognise the EU fiscal rules do not limit the level...

Written Answers — Department of Finance: Public Sector Pay (21 Oct 2021)

Paschal Donohoe: I am advised by Revenue that Clerical Officers who were on Career Break on 1 January 2003 are not eligible to receive the Annual Personal to Holder (APTH) payment. This is because they were not serving in Revenue on 1 January 2003 (Integration Day), the designated date by reference to which eligibility for payment of the APTH was determined. The background is that following an extensive...

Written Answers — Department of Finance: Tax Exemptions (21 Oct 2021)

Paschal Donohoe: The 2012 report of the Interdepartmental Group on the Design of a Property Tax considered the issue of introducing an exemption or waiver for property owners below a certain income threshold. Having considered the possible inequities and administrative challenges of such an exemption or waiver structure the group recommended instead a deferral scheme that would assist property owners in a...

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

Paschal Donohoe: You are aware that, on Friday 8th October, Ireland joined 135 other member jurisdictions of the OECD/G20 Inclusive Framework in reaching a high level agreement on a two-pillar solution to address tax challenges arising from the digitisation of the economy in recent years. There are two pillars to the OECD agreement. Pillar One will see a reallocation of a proportion of profits to the...

Written Answers — Department of Finance: Departmental Consultations (21 Oct 2021)

Paschal Donohoe: I can inform the Deputy that the responses to the Department of Finance's public consultation on the OECD tax reform proposals was published on my Department's website on Thursday 14 October 2021. The submissions are available at the following link: www.gov.ie/en/publication/5e8d3-responses-to-oecd-tax-reform -consultation/.

Written Answers — Department of Finance: Banking Sector (21 Oct 2021)

Paschal Donohoe: Officials from my Department contacted the Central Bank of Ireland regarding the Deputy's question and received the following response: "The Central Bank cannot comment on its engagements with individual regulated entities, due to supervisory confidentiality obligations. The Central Bank expects Banks to take a consumer-focused approach in respect of any decision that affects their...

Written Answers — Department of Finance: Insurance Coverage (21 Oct 2021)

Paschal Donohoe: At the outset it is important to note that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which expressly prohibits Member States from doing so....

Written Answers — Department of Finance: Tax Rebates (21 Oct 2021)

Paschal Donohoe: Following the withdrawal of the UK from the European Union, goods moving into this country from Great Britain are treated as imports from a third country, i.e. from outside the EU. I am advised by Revenue that, where goods are imported into Ireland from a third country like Great Britain, the importer is required to complete a customs declaration and pay customs duty, if applicable, and VAT....

Written Answers — Department of Finance: Banking Sector (21 Oct 2021)

Paschal Donohoe: The Central Bank of Ireland has statutory responsibility for the regulation of mortgage lending by banks and other regulated entities. In line with this mandate, the Central Bank introduced macroprudential measures for residential mortgage lending in February 2015. The objective of these mortgage measures is to increase the resilience of the banking sector and households and to reduce the...

Written Answers — Department of Finance: Gambling Sector (19 Oct 2021)

Paschal Donohoe: I propose to take Questions Nos. 351 and 353 together. The regulation of gambling in Ireland is primarily the responsibility of my colleague, the Minister for Justice and is provided for under the Betting Act 1931. Under that Act, any business which involves entering into bets with persons in Ireland by remote means must hold a Remote Bookmaker’s Licence.  Revenue issues...

Written Answers — Department of Finance: Gambling Sector (19 Oct 2021)

Paschal Donohoe: I am advised by Revenue that it issues Remote Bookmaker Licences, Remote Betting Intermediary Licences and Bookmaker Licences on receipt of a Certificate of Personal Fitness, tax clearance certification and the relevant Excise licence fee from the applicant. Revenue also issues Gaming Licenses on receipt of a District Court Certificate, tax clearance certification and the relevant Excise...