Results 28,161-28,180 of 33,214 for speaker:Paschal Donohoe

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

Paschal Donohoe: I am advised by Revenue that traders are not required to separately identify the VAT yield across each of the different rates or their economic activity in their periodic VAT returns.  Consequently, it is not possible to determine the amount of VAT paid by businesses under the different rate categories to the Exchequer from information contained in tax returns. However, using...

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

Paschal Donohoe: All vehicles in the State must be registered here, and Vehicle Registration Tax (VRT) is generally payable when a vehicle is being registered.  For passenger cars, the amount of VRT is based on the vehicle’s value and its CO2and NOxemissions.  The VRT calculation is not affected by whether the vehicle has been imported, or by the place of origin of the vehicle. Since the...

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

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 (TCA 1997) provides for tax relief where an individual proves that he or she has incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which has been carried out or advised by a “practitioner”, will qualify for tax relief. Health...

Written Answers — Department of Finance: Customs and Excise (29 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 111 to 115, inclusive, together. Revenue, as Ireland’s Tax and Customs administration, is responsible for managing the importation and exportation of goods in accordance with the Union Customs Code and relevant national legislation and this includes goods being imported through the postal system. I am advised by Revenue that across the EU,...

Written Answers — Department of Finance: Insurance Industry (29 Sep 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). The Government is keenly aware of the impact that...

Written Answers — Department of Finance: Tax Code (29 Sep 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. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States...

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

Paschal Donohoe: I propose to take Questions Nos. 118 to 123, inclusive, together. I am assured by Revenue that it serves the community by fairly and efficiently collecting taxes and duties and implementing Customs controls and that it fosters a positive culture of ethical behaviour and effective governance to deliver this mission. I am advised that governance in Revenueis underpinned by Revenue’s...

Defective Concrete Products Levy: Motion [Private Members] (4 Oct 2022)

Paschal Donohoe: I move amendment No. 2: To delete all words after "Dáil Éireann" and substitute the following: "notes that: — the Government continues to place the highest priority on improving Ireland's housing system and delivering more homes for all types of people with different housing needs through the Housing for All: Our Shared Future plan; — the households affected by...

Defective Concrete Products Levy: Motion [Private Members] (4 Oct 2022)

Paschal Donohoe: There will be ample opportunity on the part of Sinn Féin to clarify as the evening goes on. The party wants a bigger levy on the one hand but it is against this levy, which is smaller than some of the figures I heard the Opposition party members mention. I acknowledge it has a risk and that there are consequences here which will need teasing out and debate. How can Sinn Féin,...

Defective Concrete Products Levy: Motion [Private Members] (4 Oct 2022)

Paschal Donohoe: How can this party want a broader levy, which I will come to, and not also indicate that there are risks? Sinn Féin has said that it wants a bigger levy. If it does not the party will clarify that point as the evening was on. If there is a risk, however, with a levy of €80 million, how is there a smaller risk with a bigger levy? The next charge Sinn Féin makes is that...

Defective Concrete Products Levy: Motion [Private Members] (4 Oct 2022)

Paschal Donohoe: We have had two banks leave our State. In every debate on the banking sector here, I am always asked what more we can do more banks in to the country. While I can understand the attraction of levying, does the party not think there is a risk that could also be passed on? Does it not think that our ability to get more banks and more investment into our country to build more homes is not...

Written Answers — Department of Finance: Tax Credits (4 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 213, 233, 237 and 243 together. As the Deputies are aware, on Budget Day, I announced a €500 Rent Tax Credit which it is proposed will be claimable in respect of rent paid in 2022 and subsequent years to end-2025. The intention is that, in order for a person to be in a position to claim the credit in a year : - the rent paid must be in respect of the...

Written Answers — Department of Finance: Tax Credits (4 Oct 2022)

Paschal Donohoe: As I indicated in my Budget 2023 address, approximately 400,000 persons are expected to be eligible to claim the proposed rent tax credit in 2023. As a precise figure for the number of eligible tenants for the rent credit is currently unavailable from the Residential Tenancies Board (RTB), an estimate was arrived at using the best available data, which is published by the CSO and relates...

Written Answers — Department of Finance: Tax Yield (4 Oct 2022)

Paschal Donohoe: I am advised by Revenue that a breakdown of Local Property Tax (LPT) collected for the year 2021 is available in the LPT annual report available at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/local-property-tax/lpt-stats/end-of-year-reports/local- property-tax-2021.aspx. Information in respect of the yield for 2022 is updated regularly at...

Written Answers — Department of Finance: Departmental Transport (4 Oct 2022)

Paschal Donohoe: I can confirm to the Deputy that I have not taken any domestic flights for work purposes. The figures provided in tabular form below include the number of domestic flights taken during my appointment as Minister for Finance and Minister for Public Expenditure and Reform for 2019 up to June 2020. The details of any such travel by my successor as Minister for Public Expenditure and Reform...

Written Answers — Department of Finance: Tax Code (4 Oct 2022)

Paschal Donohoe: The Government recognises the impact rising prices have had on households and businesses across the country and has taken significant action. On Budget Day this Tuesday, Minister McGrath and I announced a “cost-of-living” package of once-off measures worth €4.1 billion. This was accompanied by budgetary measures for 2023 worth €6.9 billion. The total size of...

Written Answers — Department of Finance: Tax Yield (4 Oct 2022)

Paschal Donohoe: Further to the Deputy's question of 8 September 2022, I am advised by Revenue that the following table presents a breakdown of the Local Property Tax (LPT) liability associated with the 108,744 properties brought within the scope of LPT for the year 2022, on a Local Authority basis. This information is provisional and likely to be revised as additional returns are filed. Local...

Written Answers — Department of Finance: Tax Code (4 Oct 2022)

Paschal Donohoe: As the Deputy will be aware, on 19 January 2022, the Government announced a Covid-19 recognition payment for eligible frontline healthcare workers to recognise their unique role during the pandemic. The resulting “Pandemic Special Recognition Payment” of up to a maximum of €1,000 per individual was to be made by and on behalf of the Minister for Health to specified...

Written Answers — Department of Finance: Universal Social Charge (4 Oct 2022)

Paschal Donohoe: The Universal Social Charge (USC) was designed and incorporated into the Irish taxation system in 2011 to replace two other charges, namely the Health and Income Levies. Its primary purpose was to widen the tax base and to provide a steady income to the Exchequer to provide funding for public services. The USC is an individualised tax, meaning that a person’s liability to the tax...

Written Answers — Department of Finance: Tax Code (4 Oct 2022)

Paschal Donohoe: As the Deputy will be aware, the 9% rate for the tourism and hospitality sectors was reintroduced in Budget 2021 from 1 November 2020 to 31 December 2021 at an estimated cost of €401m. This measure was initially extended in Budget 2022 to 31 August 2022 at a further estimated cost of €251m. It was then extended again for another six months until 28 February 2023 at an...