Results 26,561-26,580 of 33,214 for speaker:Paschal Donohoe

Ceisteanna Eile - Other Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: The Deputy should have ended on better terms.

Ceisteanna Eile - Other Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 23 and 62 together. I am glad to assure that my humour is good. I am just answering all the questions that are put to me, including by the Deputy. Regarding where things stand with that, I will spend time trying to find the written material here and would do so at the expense of answering the Deputy's question. The Revenue Commissioners are currently...

Ceisteanna Eile - Other Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: I am sure the Ceann Comhairle would be liberal in his application of those rules on this occasion if there are any matters the Deputy believes I have not answered.

Ceisteanna Eile - Other Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: As I said, and the Minister of State, Deputy Fleming, was the first to say it, we appreciate the fundamental importance of these companies to the operation of our economy and we recognised that through the support schemes we had in place. To deal with the Deputy's question regarding the future, I will park the EWSS for now, given that we have discussed it already. What does the future hold?...

Ceisteanna Eile - Other Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 24, 60 and 230 together. This was the subject of a Private Members' motion today and is the subject of another one tomorrow. I will repeat the key points I made earlier. I believe that carbon taxing is playing and will play an important role in how we can reduce carbon emissions in the future. The challenge we face with regard to the climate is...

Ceisteanna Eile - Other Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: I also need to listen to the Climate Change Advisory Council which, as I reminded Sinn Féin in our debate earlier, has advised us that carbon tax is a key component of transition to a low-carbon, climate-resilient and environmentally-sustainable economy. That is its view on this. Of course, I accept the change that is happening. I was at pains to acknowledge earlier that with regard...

Ceisteanna Eile - Other Questions: Tax Code (22 Feb 2022)

Paschal Donohoe: The reason we introduced the lump sum payment of €125 for those in receipt of the fuel allowance is to ensure that as part of our package we have funding and a payment available to those who need help the most. What we had here was a package that in its breadth and cost of €500 million was looking to respond to the challenges that we accept many are facing due to the rising...

Written Answers — Department of Finance: Tax Exemptions (17 Feb 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of...

Written Answers — Department of Finance: Tax Collection (17 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 188 to 191, inclusive, together. I am advised by Revenue that the receipts for Mineral Oil Tax (MOT), Alcohol Products Tax (APT), Tobacco Products Tax (TPT) in each of the years 2015 to 2020, and  for Sugar Sweetened Drinks Tax (SSDT) since its introduction in 2018 up to 2020, are published on the Revenue website at www.revenue.ie. The provisional...

Written Answers — Department of Finance: Tax Collection (17 Feb 2022)

Paschal Donohoe: I am advised by Revenue that an estimated €820m in VAT was collected at the 9% rate during the period from 1 November 2020 to end December 2021 (the most recent available data). An estimated additional €410m would have been collected had the rate remained at 13.5% over the period.

Written Answers — Department of Finance: Tax Exemptions (17 Feb 2022)

Paschal Donohoe: The general position is that all tax expenditures and reliefs fall to be considered as part of the annual Budget and Finance Bill process.     In relation to the annual age exemption limits, section 188 of the Taxes Consolidation Act 1997 (TCA 1997) provides for these exemptions and associated marginal relief. Where the age exemption applies the claimant’s income...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Feb 2022)

Paschal Donohoe: On 24 March 2020, the Government announced measures to provide financial support to workers affected by the COVID-19 crisis. As part of these measures, Revenue operated a COVID-19 Temporary Wage Subsidy Scheme. The Temporary Wage Subsidy Scheme (TWSS) provided the payment of income supports to employers in respect of eligible employees, where the employer’s business activities...

Written Answers — Department of Finance: Tax Credits (17 Feb 2022)

Paschal Donohoe: As the Deputy may be aware, the Minister for Housing, Local Government and Heritage, has established an Independent Working Group to examine the issue of defective housing. Officials from my Department participate in this Working Group. The objectives of the group are to identify the scope of relevant significant defects in housing, to evaluate the scale of housing...

Written Answers — Department of Finance: Departmental Reports (17 Feb 2022)

Paschal Donohoe: Details of studies, research and reviews undertaken or commissioned by my Department in 2021 are set out in the table below. It should be noted that a number of these are ongoing and are not expected to be completed until 2022, in which case the expected completion date is listed. Studies, Reviews, and Research undertaken or commissioned in 2021 Completion Date...

Written Answers — Department of Finance: Housing Schemes (17 Feb 2022)

Paschal Donohoe: Help-to-Buy (HTB) 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 paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act 1997 outlines the definitions...

Written Answers — Department of Finance: Tax Reliefs (22 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 14, 79, 80, 228 and 242 together. The Disabled Drivers & Disabled Passengers Scheme (DDS) 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. The Scheme is open to severely and permanently disabled persons who also meet one of six specified medical criteria, as a...

Written Answers — Department of Finance: Credit Unions (22 Feb 2022)

Paschal Donohoe: As the Deputy may be aware, as Minister, I have no role in the commercial decisions made by any credit union or their representative bodies. Decisions in this regard, including those related to pensions, are the sole responsibility of the board and management of the credit unions. I have agreed to meet with the Financial Services Union and SIPTU to hear their perspectives on the pension...

Written Answers — Department of Finance: Financial Services (22 Feb 2022)

Paschal Donohoe: It has always been my intention that any regulation in this space would be appropriately comprehensive without discouraging innovation. In Ireland, as of 23 April 2021, providers of services of virtual assets such as digital assets or cryptocurrencies must legally meet anti-money laundering and countering the financing of terrorism obligations. Thus, all virtual asset service providers...

Written Answers — Department of Finance: Tax Yield (22 Feb 2022)

Paschal Donohoe: Irish VAT law must comply with the EU VAT Directive, which directs that Member States must apply a standard VAT rate of 15% or more, and can apply up to two reduced VAT rates of 5% or more. Ireland applies the 23%, 13.5% and 9% VAT rates in this context. The standard rate of 23% applies to approximately 51% of activity, including cars, petrol, diesel, alcohol, tobacco, electrical equipment...

Written Answers — Department of Finance: Tax Code (22 Feb 2022)

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...