Results 27,701-27,720 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (13 Jul 2022)

Paschal Donohoe: At the outset, it is important to note there are various levies and contributions in existence on insurance premiums. These serve different, defined purposes with some having been in place for a number of years. I should also state that there are no plans to discontinue them at this time. These are briefly detailed below. The 2 per cent Insurance Compensation Fund (ICF) levy is the only pure...

Written Answers — Department of Finance: Tax Data (13 Jul 2022)

Paschal Donohoe: I am advised by Revenue that employers who pay employees’ removal and relocation expenses are required to keep relevant records for a period of at least 6 years. However, as there is no reporting requirement in relation to this provision, there are no data available on which to estimate the tax foregone.

Written Answers — Department of Finance: Tax Data (13 Jul 2022)

Paschal Donohoe: I am advised by Revenue that, as information on income is not required on Local Property Tax returns, it is not possible to provide an accurate estimate of the impact of an additional charge on second or more properties linked to income. The Deputy may wish to note that the yield in respect of second and multiple properties is published at:...

Written Answers — Department of Finance: Tax Data (13 Jul 2022)

Paschal Donohoe: Following clarification with the Deputy's office, I understand the question relates to the estimated additional revenue that would be raised from introducing a non-principal private residence charge. I am advised by Revenue that the estimated additional revenue which would be raised from an annual contribution charge of €200 or €500 respectively per non-principal private...

Written Answers — Department of Finance: Tax Data (13 Jul 2022)

Paschal Donohoe: I propose to take Questions Nos. 182 and 183 together. Ireland’s corporate tax regime has been built on certainty and predictability, and the 12.5% corporation tax rate on trading income has been a cornerstone of that regime for almost 20 years. This stability has enabled companies to plan long-term investments in Ireland, generating employment and increasing economic activity. ...

Written Answers — Department of Finance: Rights of People with Disabilities (13 Jul 2022)

Paschal Donohoe: At the present time, my Department’s offices are not publicly accessible, and therefore do not provide access to such facilities. However, I fully support the drive to providing fully accessible changing places and toilet facilities to people with disabilities and their carers. Such a network of equipped spaces will allow them to take care of personal hygiene, in a safe, comfortable...

Written Answers — Department of Finance: Rights of People with Disabilities (13 Jul 2022)

Paschal Donohoe: My Department actively engages with a range of stakeholders in the delivery of its objectives including representatives from the community and voluntary sector and from groups representing people with disabilities, and regularly reviews and refreshes its stakeholder engagement structures to ensure there is a broad level of engagement across sectors. An example of this is the National...

Written Answers — Department of Finance: Tax Reliefs (13 Jul 2022)

Paschal Donohoe: As the Deputy has noted, 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 on 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 affected, to propose a means...

Written Answers — Department of Finance: Tax Code (13 Jul 2022)

Paschal Donohoe: As indicated in the Budget speech of 12 October 2021, it is planned to bring forward legislative provisions in Finance Bill 2022 to introduce a 50% excise relief to micro producers of cider. However, as Article 13a of the relevant EU legislation (2020/1151) is structured differently to what is already permitted for small beer producers (under Article 4), the existing relief in Irish...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (14 Jul 2022)

Paschal Donohoe: This has been recognised by the Government. We have doubled the size of the tax measures that are afforded for in the summer economic statement. The Government has always recognised the role that taxation can play in helping those on low or middle wages keep the wage increases they get due to their hard work. We will in budget 2023 continue with the progress we have made and put together a...

Summer Economic Statement: Statements (14 Jul 2022)

Paschal Donohoe: I welcome the opportunity to open the debate on the summer economic statement.

Summer Economic Statement: Statements (14 Jul 2022)

Paschal Donohoe: I am sure my office will furnish one to the Dáil as soon as possible. The summer economic statement establishes the budgetary parameters for the discussions we will have in this House in advance of budget 2023. It also outlines the Government’s medium-term budgetary strategy for ensuring the public finances remain on a sustainable pathway. I will outline the context...

Written Answers — Department of Finance: Departmental Data (14 Jul 2022)

Paschal Donohoe: As set out in the Summer Economic Statement, the Government will continue to work to cushion the impact of higher inflation, to deliver high-quality public services, and to ensure that the economy and public finances remain on a sustainable pathway. Detailed costings on any proposals in the area of public transport would be a matter for the Department of Transport. The funding of any such...

Written Answers — Department of Finance: Departmental Data (14 Jul 2022)

Paschal Donohoe: Based on Revenue’s latest Ready Reckoner (post-Budget 2022), the estimated yield in 2023 from the introduction of a third rate of income tax of 41%, 42%, 43% ,44% and 45% respectively on incomes above €100,000 are set out in the table below. Measure 2023 Yield *€ million Third rate of Income Tax of 41% on incomes More than...

Written Answers — Department of Finance: Departmental Data (14 Jul 2022)

Paschal Donohoe: I am advised by Revenue that the tables below set out the estimated costs and yields to the Exchequer, as appropriate, on a first and full year basis, of the policy changes outlined by the Deputy. Scenario First Year Cost €m Full Year Cost €m SRCOP* indexed at 4%.  41% rate over €100,000 200 220 ...

Written Answers — Department of Finance: Departmental Data (14 Jul 2022)

Paschal Donohoe: I wish to advise the Deputy that there are currently no staff paid by the Department of Finance who are abated, as set out under the Public Service Pensions (Single Scheme and Other Provisions) Act 2012.

Written Answers — Department of Finance: Banking Sector (14 Jul 2022)

Paschal Donohoe: I wish to highlight, as Minister for Finance, I am precluded from intervening in commercial and operational decisions in any particular bank, even one in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The bank's independence is...

Written Answers — Department of Finance: Housing Schemes (14 Jul 2022)

Paschal Donohoe: 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 Taxes Consolidation Act 1997 outlines the definitions and...

Written Answers — Department of Finance: Insurance Industry (14 Jul 2022)

Paschal Donohoe: Insurance reform is a key priority for this Government as evidenced by the fact that implementation of the Action Plan on Insurance Reformis overseen by the Cabinet Sub-Group on insurance reform. The second Implementation Report, which was published on 1 March 2022, shows that 80 per cent of the actions contained in the Action Planare now being delivered. The establishment of the Office to...

Written Answers — Department of Finance: Insurance Industry (14 Jul 2022)

Paschal Donohoe: As the Deputy will be aware, InsuranceLink is a data pooling system administered by Insurance Ireland for the stated purpose of fraud detection. It has been publicly announced that in response to a European Commission investigation, Insurance Ireland has provided a series of commitments to overhaul access to the InsuranceLink database, including the creation of an independent application and...