Results 26,061-26,080 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs (15 Dec 2021)

Paschal Donohoe: Trans-Border Workers’ Relief may apply in the case of an individual resident in the State but who commutes to his or her place of work outside the State. This relief is set out in section 825A of the Taxes Consolidation Act (TCA) 1997. The relief effectively removes the foreign employment income from a liability to Irish tax where foreign tax has been paid on that employment income. In...

Written Answers — Department of Finance: Tax Collection (15 Dec 2021)

Paschal Donohoe: The 2021 Climate Action Plan and the Programme for Government set out ambitious commitments for emissions reductions. Road transport is a sector earmarked for radical decarbonisation, and motor vehicle taxation is an important policy lever in achieving these goals. A significant uptake in electric vehicles (EVs) forms a key part of targets on emissions reductions from road transport, and the...

Written Answers — Department of Finance: Departmental Policies (15 Dec 2021)

Paschal Donohoe: The Department of Finance has undertaken a range of initiatives across the various divisions during 2021, many of which were in response to the ongoing Covid-19 pandemic which has had such a disruptive impact on our economy and national finances. Economics From an economic policy perspective, the main achievements and initiatives in 2021 were the Stability Programme Update, the Summer...

Written Answers — Department of Finance: Public Sector Staff (15 Dec 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department funds pre-retirement courses for staff planning their retirement. The goal of this 2-day course is to provide participants with an overview of the wide-ranging changes associated with retirement, as well as advice regarding personal retirement planning. Funding is also provided for a guest or family member to attend this training with the staff...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Dec 2021)

Paschal Donohoe: The Government's response to the Covid-19 pandemic has been swift and robust, with a number of schemes created to support businesses and employees since the start of this pandemic. The Government remains fully committed to supporting businesses, employers and employees insofar as is possible at this time. The objective of the Employment Wage Subsidy Scheme (EWSS) is to support employment...

Written Answers — Department of Finance: Revenue Commissioners (15 Dec 2021)

Paschal Donohoe: I am advised by Revenue that its public offices remain closed in accordance with public health advice in respect of the COVID-19 pandemic, but the situation is kept under constant review in line with guidance. Revenue has also advised me that its telephone helplines remain operational despite the difficulties encountered from the pandemic. Further details on the opening hours for the full...

Written Answers — Department of Finance: Tax Code (15 Dec 2021)

Paschal Donohoe: There is no Local Property Tax (LPT) relief for those paying management or apartment fees under the Finance (Local Property Tax) Act 2012 (as amended), though such persons may be entitled to an exemption on other grounds or may qualify for a deferral subject to meeting the qualifying conditions. When a person pays a management fee they receive services such as bin collection, maintenance of...

Written Answers — Department of Finance: Banking Sector (15 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...

Written Answers — Department of Finance: Tax Code (15 Dec 2021)

Paschal Donohoe: As the Deputy will be aware the Commission issued its original proposal to amend a Council directive on the common system of value added tax as regards rates of value added tax on 18 January 2018. The compromise text agreed at ECOFIN has been amended significantly in comparison to the original proposal so the EU Parliament will once again be consulted for their opinion. Once the Parliament...

Written Answers — Department of Finance: Tax Code (16 Dec 2021)

Paschal Donohoe: The Government's strategy, ‘Housing For All’ states that my Department will collect data on vacancy with a view to introducing a Vacant Property Tax. The Finance (Local Property Tax) (Amendment) Act 2021 has accordingly enabled Revenue to collect certain information on vacant properties in the LPT return forms submitted by residential property owners last month in respect of...

Written Answers — Department of Finance: Insurance Industry (16 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 103, 150 and 152 together. Insurance reform is a key priority for this Government as evidenced by the fact that implementation of the Action Plan is overseen by the Cabinet Sub-Group on insurance reform, chaired by the Tánaiste. A significant landmark of the ongoing reforms is the establishment of the Office to Promote Competition in the Insurance...

Written Answers — Department of Finance: Consumer Prices (16 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 104 and 107 together. The Government is very conscious of the recent spike in consumer price inflation, which reached 5.4 per cent in November. This, of course, is not unique to Ireland, with the majority of advanced economies recording relatively high rates of price inflation in recent months. That said, it is worth pointing out that this comes after...

Written Answers — Department of Finance: Tax Data (16 Dec 2021)

Paschal Donohoe: The Finance (Local Property Tax) (Amendment) Act 2021 provided for a revaluation of properties to form the basis of the Local Property Tax (LPT) charge from 2022. LPT for the years 2022 to 2025 will be based on property values on 1 November 2021. It is important to note that LPT is a self-assessment tax and it is the responsibility of each owner to value his or her property. While Revenue...

Written Answers — Department of Finance: Tax Code (16 Dec 2021)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. The VAT Directive obliges each Member State to have a standard rate of VAT and also allows that a Member State may choose to have no more than two reduced rates of VAT, which may be no less than 5%, and which may be applied to certain goods and...

Written Answers — Department of Finance: Tax Credits (16 Dec 2021)

Paschal Donohoe: The 2009 Commission on Taxation reviewed the One-Parent Family Tax Credit. It acknowledged that the credit played a role in supporting and incentivising the labour market participation of single and widowed parents but recommended that the credit should be allocated to the principal carer of the child only. The One-Parent Family Tax Credit was replaced by the Single Person Child Carer...

Written Answers — Department of Finance: Personal Injury Claims (16 Dec 2021)

Paschal Donohoe: The implementation of the new Personal Injuries Guidelines is a significant milestone in the insurance reform agenda, which should lead to reduced claims costs for insurers. The Government is committed to holding insurers to account and ensuring that consumers experience the benefits from the range of measures being implemented under the Action Plan for Insurance Reform. As the Deputy will...

Written Answers — Department of Finance: Banking Sector (16 Dec 2021)

Paschal Donohoe: All credit institutions in Ireland are independent commercial entities and decisions in relation to the provision of bank statements are made by the boards and management of individual banks. I am advised by the Central Bank that Chapter 6 of the Consumer Protection Code 2012 ‘Post-sale Information Requirements’ sets out the requirements that regulated entities must follow...

Written Answers — Department of Finance: Revenue Commissioners (16 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 112 and 142 together. The Deputy will be aware, in accordance with section 101 of the Ministers and Secretaries (Amendment) Act 2011, the Revenue Commissioners are independent in the performance of their functions under, or for the purposes of, the laws governing taxation. Furthermore, all taxpayers have rights of appeal under tax law against assessments...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 113, 159, 249 and 250 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. In...

Written Answers — Department of Finance: Tax Code (16 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 114 and 132 together. The rate of Residential Zoned Land Tax is set at 3% on its commencement in 2024. I have chosen this rate as I believe great care needs to be taken to get the balance right between it achieving its essential purpose of encouraging the release of land for housebuilding purposes, but at the same time not being too penal, so that it runs...