Results 25,921-25,940 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (7 Dec 2021)

Paschal Donohoe: Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate, which in Ireland is 23%. Parts or accessories are also liable to VAT at the standard rate. There is no provision under existing VAT law that would make it possible to apply a reduced rate or zero rate to the supply of such products. Under the EU VAT Directive, Member States may retain the zero rate...

Written Answers — Department of Finance: Banking Sector (7 Dec 2021)

Paschal Donohoe: As Minister for Finance, I do not have a role in the day to day operations of any bank operating within the State. Decisions in this regard, including in relation to branch networks and the provision of ATM services are commercial matters and are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. That being said,...

Written Answers — Department of Finance: Haulage Industry (7 Dec 2021)

Paschal Donohoe: The final retail price of fuel is determined by a number of factors which include the costs of production, distribution, global market factors, international exchange rates, taxation, wholesale market contracts as well as individual retail pricing policies. There are a number of measures in place to support hauliers. This includes the Diesel Rebate Scheme (DRS) for hauliers and bus operators,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: I move amendment No. 121: In page 157, to delete lines 22 to 25 and substitute the following: “ ‘qualifying disclosure’ has the meaning given to it by, as the case may be, section 1077E or 1077F, as appropriate, section 116 or 116A, as appropriate, of the Value-Added Tax Consolidation Act 2010, section 99B of the Finance Act 2001 or section 134A of the Stamp...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: The publication threshold is indeed €35,000. This threshold is considered low and is based on the combined amount of tax, interest and penalties. Under the current system, given that the interest charge for late penalties is 8% or 10% per year, depending on the tax type, a recent tax underpayment might escape publication because the interest rate charge was relatively low, whereas an...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: I will have to come back to the Deputy with that information.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: I move amendment No. 122: In page 161, lines 15 to 19, to delete all words from and including “or” in line 15 down to and including “1999,” in line 19 and substitute the following: “(iii) the amount of the difference referred to in subsection (11) or (12), as the case may be, of section 99B of the Finance Act 2001, or (iv) the amount of the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: I agree with Deputy Doherty. In fairness, the section and the amendments we are about to deal with concern the zoned land tax, ZLT. It is a big development in tax policy, and we would be better off giving it fuller consideration in the morning.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (17 Nov 2021)

Paschal Donohoe: Is there any way we could deal with this in the morning so that it is done before Leaders' Questions? I do not want to compromise proper scrutiny, however. I am free all day. I am in the hands of the committee.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (8 Dec 2021)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is legislated for under the Financial Provisions (Covid-19) (No. 2) Act 2020, as amended. As an economy-wide support, the EWSS has played a central role in supporting businesses, encouraging employment and helping to maintain the link between employers and employees since July 2020. The EWSS provides a subsidy to qualifying employers, based on the...

Written Answers — Department of Finance: Consumer Prices (8 Dec 2021)

Paschal Donohoe: While the annual rate of inflation in Ireland has surged this year, inflation has been relatively subdued over the past two decades (see Table 1). Indeed, in 2020 the actual price level, as indicated by the Harmonised Index of Consumer Prices (HICP), was almost 20 per cent below the price level had inflation grown at 2 per cent over the 2008-2020 period. Low inflation over the last decade can...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (8 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 48 to 50, inclusive, and 52 together. The objective of the Employment Wage Subsidy Scheme (EWSS) is to support employment and maintain the link between the employer and employee insofar as is possible. The EWSS has been a key component of the Government’s response to the Covid-19 crisis. It is an economy-wide scheme that operates across all sectors....

Written Answers — Department of Finance: Banking Sector (8 Dec 2021)

Paschal Donohoe: As the Deputy may be aware, as Minister for Finance, I have no role in the commercial decisions made by any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard, including the management of branch networks, are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I move amendment No. 138: In page 173, line 3, to delete “(a)” and substitute “(b)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I move amendment No. 139: In page 173, line 5, to delete “(b)” and substitute “(c)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I move amendment No. 140: In page 173, line 9, to delete “(c)” and substitute “(d)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I move amendment No. 142: In page 174, line 14, to delete “section 653C(4)(d)(i)” and substitute “section 653C(4)(e)(i)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I move amendment No. 143: In page 174, line 17, to delete “section 653C(4)(d)(ii)” and substitute “section 653C(4)(e)(ii)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I move amendment No. 144: In page 174, line 20, to delete “section 653C(4)(e)” and substitute “section 653C(4)(f)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I move amendment No. 147: In page 176, line 4, to delete “section 653” and substitute “section 653V”.