Results 28,141-28,160 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (27 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 122 and 126 together. The query is referring to the implementation of the new rules applying to the calculation of benefit-in-kind in respect of employer provided vehicles to employees, for the tax year 2023 and subsequent years. Broadly, new rates of benefit-in-kind will apply to the provision of a company car, from 1 January 2023, which among...

Written Answers — Department of Finance: Legislative Measures (27 Sep 2022)

Paschal Donohoe: The National Treasury Management Agency (NTMA) who manages State Savings have informed me that, under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended, designated bodies, such as An Post and the Prize Bond Company, are required by law to comply with anti-money laundering requirements and verify all customers’ identities. State Savings products are...

Written Answers — Department of Finance: Public Sector Staff (27 Sep 2022)

Paschal Donohoe: The Office of the Financial Services and Pensions Ombudsman (FSPO) has advised me that as of 19 September 2022, the FSPO has an approved staff complement of 90.2, with 2.6 vacancies. This number of vacancies takes account of contracts due to commence, including that of the Financial Services and Pensions Ombudsman, commencing on 1 December 2022. The current vacancies are at Higher Executive...

Written Answers — Department of Finance: Tax Code (27 Sep 2022)

Paschal Donohoe: At the outset, the Deputy should note that recent Government policy has focused on strengthening the environmental rationale behind company car taxation. Until the changes I brought in as part of the Finance Act 2019, Ireland’s vehicle benefit-in-kind regime was unusual in that there was no overall CO2 rationale in the regime. This is despite a CO2 based vehicle BIK regime being...

Written Answers — Department of Finance: Housing Schemes (27 Sep 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 of Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. I am advised by Revenue that annual statistics on the Help to Buy...

Written Answers — Department of Finance: Departmental Reviews (27 Sep 2022)

Paschal Donohoe: I can advise the Deputy of the costs, including estimates where relevant, and the bodies conducting the live studies, reviews and research projects in my Department as follows: Live studies, reviews and research projects Cost (Ex-VAT) Conducted by External review of Help to Buy Scheme €64,300 Mazars -Working...

Written Answers — Department of Finance: Revenue Commissioners (27 Sep 2022)

Paschal Donohoe: Employment classification is a complex area and there is no single clear definition of the terms ‘employed’ or ‘self-employed’ in Irish or EU law. As a matter of clarification, questions of employment versus self-employment status impact the work of three different Government bodies. The Department of Social Protection (DSP) has responsibility for the PRSI system...

Written Answers — Department of Finance: Departmental Data (27 Sep 2022)

Paschal Donohoe: I am advised by Revenue that the available information in relation to section 604A Capital Gains Tax relief is published at: www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/relief-on-disposal-of-certain-land-or-buildings.pdf. The latest available year is 2020. Tax returns do not detail the individual properties disposed of, or the gains on these disposals. However, the...

Written Answers — Department of Finance: Flexible Work Practices (27 Sep 2022)

Paschal Donohoe: The Government recognises the impact rising prices have had on households and businesses across the country and has taken significant action. Some €2.4 billion in cost of living measures has been announced since last October. Looking ahead, the Government will continue to address these challenges head on. Budget 2023 will be a ‘Cost of Living Budget’ and will build on the...

Written Answers — Department of Finance: State Bodies (27 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 133 and 134 together. The Disabled Drivers and Disabled Passengers Scheme provides relief from Vehicle Registration Tax and VAT on 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 as a driver or as a passenger and also to certain charitable organisations. In...

Written Answers — Department of Finance: Departmental Data (27 Sep 2022)

Paschal Donohoe: I am advised by Revenue that the table below sets out the estimated yield to the Exchequer, on a first and full year basis, from the introduction of a 3rdrate of income tax of 43% applicable to taxable income in excess of €400,000 and €750,000 respectively. First Year Yield €m Full Year Yield €m On income above ...

Written Answers — Department of Finance: Inflation Rate (27 Sep 2022)

Paschal Donohoe: Consumer price (HICP) inflation has picked up sharply over the course of this year and stood at 9 per cent in August. Almost every advanced economy in the world is in the same position, with inflation rates of 8.3 and 9.1 per cent recorded in the US and euro area respectively in August. The key driver of the elevated level of inflation at present is the sharp rise in wholesale energy,...

Written Answers — Department of Finance: Pharmacy Services (27 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 137 and 139 together. The issues raised in this question relate to the community pharmacy sector and are a matter for the Minister of Health. However, I would like to reiterate the Government’s recognition of the key role of Pharmacy in the Community, and the very significant contribution made by this sector to patients and the public in...

Written Answers — Department of Finance: Tax Exemptions (27 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Departmental Consultations (28 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 121 and 122 together. Ireland signed up to the two Pillar solution to address the tax challenges brought about by the digitalisation of the economy, agreed by the OECD/G20 Inclusive Framework on BEPS, in October 2021 (the ‘OECD agreement’). The decision to join the global agreement was not taken lightly, and I firmly believe this agreement...

Written Answers — Department of Finance: Defective Building Materials (28 Sep 2022)

Paschal Donohoe: The Government decision taken on 30 November 2021 regarding the Defective Concrete Block Grant Scheme, agreed a number of actions to help address the defective blocks issue. One of those proposed actions was that a levy was to be put in place to raise in the region of €80m a year, and it is that levy to which this question refers. As I outlined in my...

Written Answers — Department of Finance: Vehicle Registration Tax (29 Sep 2022)

Paschal Donohoe: Under the Finance Act 1992, Vehicle Registration Tax (VRT) is assessed on a vehicle at the time of its registration and the way the tax is computed depends on the category of vehicle involved. VRT on Category A vehicles (generally passenger cars and certain Special Utility Vehicles) is assessed based on the value of the vehicle and its emissions levels for carbon dioxide (CO2) and nitrogen...

Written Answers — Department of Finance: Tax Yield (29 Sep 2022)

Paschal Donohoe: I am advised by Revenue that data in relation to the amount of net PAYE and net PAYE USC receipts collected in the years 2020 and 2021 can be found on the Revenue website at www.revenue.ie/en/corporate/documents/statistics/receipts/ne t-receipts.pdf. For the convenience of the Deputy this information is set out in the table below, together with provisional figures for net PAYE and net PAYE...