Results 27,541-27,560 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Fuel Prices (23 Jun 2022)

Paschal Donohoe: The Government is acutely aware of the increase in consumer prices in recent months, especially the increase in fuel and other energy prices including home heating oil, and for this reason it designed a package of measures to alleviate the impact of increased energy prices on households. The package of measures includes: - an energy credit of €200 including VAT, estimated to impact...

Written Answers — Department of Finance: Fuel Prices (23 Jun 2022)

Paschal Donohoe: The Government is very aware of the impact of rising fuel prices on households and businesses. These trends are driven primarily by global factors. The key drivers of this increase are increases in wholesale energy prices as a result of the rapid rebound in global demand, global supply chain disruptions and the imbalance between demand and supply that emerged as economies re-opened. More...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (23 Jun 2022)

Paschal Donohoe: Further to my reply to Question 31645/22, the Deputy will be aware that the Employment Wage Subsidy Scheme (EWSS), as provided for in Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020, is administered under the care and management of the Revenue Commissioners. Revenue acknowledges that a significant number of businesses have been severely impacted by the...

Emergency Budget: Motion (Resumed) [Private Members] (28 Jun 2022)

Paschal Donohoe: I thank the Deputies for their contributions on a matter I know is very important for our country. It is a challenge affecting homes and households in every community in our country this evening. It is in recognition of this that the Government has acted. It is in understanding the challenges many are facing that we have made so many changes already. I want to list what they are because...

Emergency Budget: Motion (Resumed) [Private Members] (28 Jun 2022)

Paschal Donohoe: But the Deputy wants me to cut taxes even more.

Written Answers — Department of Finance: Tax Code (28 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 210 and 211 together. The Help to Buy incentive 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 on 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 Taxes...

Written Answers — Department of Finance: Vehicle Registration Tax (28 Jun 2022)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) set against the purchase and use of an adapted car, and for transport of a person with specific severe and permanent physical disabilities. The Scheme also provides payment of a Fuel Grant, and an exemption from Motor Tax. Certain other qualifying criteria...

Written Answers — Department of Finance: Departmental Schemes (28 Jun 2022)

Paschal Donohoe: I propose to takes Questions Nos. 213 and 226 together. Section 128F of the Taxes Consolidation Act 1997 provides for the Key Employee Engagement Programme (KEEP), a targeted tax incentive for SMEs to support the use of share options as a form of staff remuneration. In order to qualify for KEEP, a share option must be exercised within 10 years of grant. Under KEEP, gains...

Written Answers — Department of Finance: International Agreements (28 Jun 2022)

Paschal Donohoe: The provisions of the Ireland and Morocco Double Taxation Convention apply to persons, including companies, who are resident of either Contracting State or both as defined by the Convention. Benefits under the Convention are only extended by one State to a resident of the other State and with respect to income arising in either State. Persons not so resident and sources of income not from...

Written Answers — Department of Finance: Tax Code (28 Jun 2022)

Paschal Donohoe: The BIK exemption forms part of a broader series of very generous measures to support the uptake of EVs, including a reduced rate of 7% VRT, a VRT relief of up to €5,000, low motor tax of €120 per annum, SEAI grants, discounted tolls fees, and 0% BIK on electric charging. In Finance Act 2019, I legislated for a CO2-based BIK regime for company cars from 1/1/2023. From that date...

Written Answers — Department of Finance: Tax Reliefs (28 Jun 2022)

Paschal Donohoe: Section 114 of the Taxes Consolidation Act 1997 (TCA) provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. Professional membership fees are only deductible under section 114 TCA where they are incurred wholly, exclusively and necessarily by an individual in the performance...

Written Answers — Department of Finance: Tax Yield (28 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 218 and 219 together. I am advised by Revenue that the provisional Mineral Oil Tax (MOT) Non-Carbon Component (NCC) and Carbon Component (CC) excise duty receipts in respect of motor fuels for the period January to May 2022 are shown in the following tables. Projections of excise duty at the commodity level were not prepared in advance of the period January...

Written Answers — Department of Finance: Departmental Bodies (28 Jun 2022)

Paschal Donohoe: I can advise the Deputy that information on State Board membership, by Department, is available on the State Boards website www.StateBoards.ie. I would point out that, having concluded its restructuring work in 2017, the Credit Union Restructuring Board (ReBo) was operationally wound down and is awaiting formal dissolution.  While awaiting final dissolution, the Minister for Finance...

Written Answers — Department of Finance: Insurance Coverage (28 Jun 2022)

Paschal Donohoe: I understand that the Deputy is referring to a situation in relation to an application for life assurance (as opposed to health insurance) for the purposes of a mortgage application. There is a broad legal and regulatory framework in place which governs the provision of mortgages to consumers.  Specifically in relation to the requirement for life assurance for the...

Written Answers — Department of Finance: Departmental Staff (28 Jun 2022)

Paschal Donohoe: As of 31 May 2022 there are 368 staff (361.40 FTE) employed by the Department. Staff in my Department have been working on a blended working pattern since 24 January 2022. Blended working patterns in each business unit are arranged at a local level to ensure business needs are met. As such, the number of staff in the Department working from home and the office fluctuates on a daily basis in...

Written Answers — Department of Finance: Insurance Coverage (28 Jun 2022)

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 prevents Member States from doing so. ...

Written Answers — Department of Finance: Tax Credits (28 Jun 2022)

Paschal Donohoe: Based on Revenue’s latest Ready Reckoner (Post-Budget 2022), the estimated costs on a first and full year basis of an increase in the value of the tax credit as mentioned by the Deputy are set out in the following table. Measure Adjustment First year cost Full year cost Incapacitated child tax credit An increase of...

Written Answers — Department of Finance: Tax Credits (28 Jun 2022)

Paschal Donohoe: Based on Revenue’s latest Ready Reckoner (post-Budget 2022), the estimated cost on a first and full year basis of the increases in the value of the tax credit as mentioned by the Deputy are set out in the following table. Measure Adjustment First year cost Full year cost Home Carer tax credit* An increase of €200...

Written Answers — Department of Finance: Tax Reliefs (29 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 21 and 22 together. The Help to Buy (HTB) incentive 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 on 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...

Written Answers — Department of Finance: Public Sector Staff (29 Jun 2022)

Paschal Donohoe: I am advised by Revenue that the current sequence in assigning posts at Assistant Principal grade envisages that for every six posts, two would be filled from open competition, two from transfer, one from interdepartmental competition and one from internal competition. Revenue has also advised that in the context of prioritising its agility and responsiveness, including its...