Results 26,501-26,520 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Yield (15 Feb 2022)

Paschal Donohoe: The full yields for carbon tax revenue for the years in question are set out in the table below: Year Carbon Tax Revenue (VAT exclusive) 2017 €419,603,362 2018 €431,131,924 2019 €430,461,735 2020 €493,572,969 2021 ...

Written Answers — Department of Finance: Tax Code (15 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 303 and 304 together. As the Deputy is aware, I introduced a Committee stage amendment to section 604 of the Taxes Consolidation Act 1997 in the 2021 Finance Act which provides that where an individual disposes of their principal primary residence by way of a lottery or game with prizes, any gain over the market value of the property is subject to Capital...

Written Answers — Department of Finance: Tax Reliefs (15 Feb 2022)

Paschal Donohoe: Section 473A of the Taxes Consolidation Act 1997 provides for income tax relief in respect of qualifying tuition fees paid by an individual for a third level education course (including a postgraduate course), subject to the conditions set out in that section. The relief is granted at the standard rate of income tax (currently 20%), where an individual pays “qualifying fees” for...

Written Answers — Department of Finance: Tax Exemptions (16 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 78 to 80, inclusive, 86, 88 and 89 together. As the deputies will be aware the EU Commission published a proposal on the reform of VAT rates in January 2018 which would allow Member States more flexibility in how they apply VAT rates. The compromise text agreed at ECOFIN in December has been amended significantly in comparison to the original proposal so...

Written Answers — Department of Finance: Departmental Data (16 Feb 2022)

Paschal Donohoe: I wish to advise the Deputy of the schedule of foreign travel episodes arranged by my Department for elected representatives, Ministers and their staff and or special advisors since 1 January 2018 to date in 2022.  The schedule provides the relevant information relating to dates of travel, final destination and the attending costs for each.  ">Foreign Travel Eqisodes

Written Answers — Department of Finance: Economic Data (16 Feb 2022)

Paschal Donohoe: Exchequer debt servicing costs for 2022 were projected at just below €3.9bn at the time of Budget 2022last October. This is a slight increase on 2021. The provisional debt service outturn for 2021 was just below €3.75bn. I am informed by the National Treasury Management Agency (NTMA) that the maturity profile of the Exchequer’s medium/long-term (MLT) debt portfolio is...

Written Answers — Department of Finance: Economic Data (16 Feb 2022)

Paschal Donohoe: I have been informed by the Central Bank that it compiles information on the assets and liabilities of institutional sectors as part of the Quarterly Financial Accounts (QFA). The latest QFA statistics show that Irish private sector debt stood at €808bn in Q3 2021. As a proportion of GDP, private sector debt continues to decline and stood at 197 per cent in Q3 2021. Private sector...

Written Answers — Department of Finance: Tax Data (16 Feb 2022)

Paschal Donohoe: I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific services on their VAT returns. However, a tentative estimate for the VAT collected on the supplies listed is provided in the table below for 2010 – 2021, based on tax returns and other third-party sources available to Revenue. Information for 2021 should be considered...

Written Answers — Department of Finance: Energy Policy (16 Feb 2022)

Paschal Donohoe: Ireland is a strong supporter of the EU Taxonomy for sustainable activities’ development as a science-based tool to classify, to guide and to help mobilise investments in activities that will help us achieve carbon neutrality. It is a voluntary tool aimed primarily for use by financial services firms and large companies. The European Commission adopted a Delegated Act on 2 February...

Written Answers — Department of Finance: Credit Unions (16 Feb 2022)

Paschal Donohoe: The Programme for Government includes a number of commitments in relation to the credit union sector.  Work on the Review of the Policy Framework is well advanced and we intend to issue proposals emanating from the Review for consultation shortly. As part of the Review of the Policy Framework, Minister of State Fleming has conducted extensive...

Written Answers — Department of Finance: Tax Code (16 Feb 2022)

Paschal Donohoe: VAT is governed by the EU VAT Directive, with which Irish VAT law must comply.  Article 78 of the VAT Directive provides that the taxable amount shall include “taxes, duties, levies and charges, excluding the VAT itself”. The amount on which VAT is chargeable, in accordance with section 37(1) of the Value-Added Tax Consolidation Act 2010, is the total consideration...

Written Answers — Department of Finance: Tax Data (16 Feb 2022)

Paschal Donohoe: I am advised by Revenue that information on gender is not captured on Revenue systems in respect of the Vehicle Registration Tax (VRT) activity previously referenced in my reply to Parliamentary Question 253. For this reason it is not possible to provide the Deputy with the information requested.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Feb 2022)

Paschal Donohoe: 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 money terms, the overall support provided to-date (10th February)...

Carbon Tax: Motion (Resumed) [Private Members] (22 Feb 2022)

Paschal Donohoe: As other speakers have said, when we debate carbon taxation and climate change, we are, in effect, debating the future of humanity on our planet, the future of communities and peoples all over our world and, in some parts of our world, the future of their civilisation. That is what is at stake when we debate climate change and the future of our environment and our biodiversity. When...

Carbon Tax: Motion (Resumed) [Private Members] (22 Feb 2022)

Paschal Donohoe: Therefore, the only university heralded by Sinn Féin this evening to advance its cause regarding carbon taxing, the party's view on which I am still not clear on, a point to which I will come to in a moment, did publish a paper by one of its members of staff on carbon taxation, but many other papers from the same university acknowledge the role of carbon taxation and carbon pricing and...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: It is important that we have this discussion in the context of overall Government housing policy, which is providing record levels of State investment for all forms of housing. However, Government expenditure alone cannot meet all the housing needs of our State. Modelling undertaken by my Department estimates that approximately €12 billion of development funding will be required...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: Let me be clear that where tax is paid: it is paid by those who invest in these regimes. Those in REITs are subject and liable to a 25% withholding tax, while those in, or investing in, an IREF, are subjected to a 20% dividend withholding tax. That is where the tax is paid. It is paid when the person or the company investing in one of these funds gets the money back. It is taxed in...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: I reiterate this is a Government that is investing €4 billion annually in responding to the intense housing needs we know exist. In the aftermath of a pandemic, this is a Government that has seen its policies lead to more than 20,000 homes being built last year, more than 30,000 homes now being commenced and more than 35,000 homes having received planning permission. That is what the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: -----and the price of homes change so they will be able to afford to buy their first home. I accept that, but that is why we have the help to buy scheme, which the Deputy is against-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: -----and why we also have the Land Development Agency in place, which the Deputy is against-----