Results 28,301-28,320 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Customs and Excise (18 Oct 2022)

Paschal Donohoe: The zero-rate of VAT applies to printed books where they meet specific requirements. If the books meet these requirements, the appropriate commodity code for the 0% rate must be included when completing the Customs import declaration to ensure that this rate of VAT is used when the tax and duty is being calculated. In instances where an incorrect commodity code is included in the Customs...

Written Answers — Department of Finance: Tax Code (18 Oct 2022)

Paschal Donohoe: Under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended, anti-money laundering rules require all instances of fraud and/or suspicious transactions to be reported by financial institutions to the Financial Intelligence Unit, which is part of An Garda Síochána and under the remit of the Department of Justice. The reduction of payment fraud has...

Written Answers — Department of Finance: Tax Code (18 Oct 2022)

Paschal Donohoe: On Budget Day I announced my proposal for accelerated capital allowances for the construction of slurry storage facilities. The proposed measure would allow for 50% of eligible expenditure to be claimed over two years rather than the current eight. The Government intends to legislate for this measure in the forthcoming Finance Bill. The points made in the details supplied with the Deputy's...

Written Answers — Department of Finance: Departmental Staff (18 Oct 2022)

Paschal Donohoe: I wish to inform the Deputy that details on Special Advisers employed by the Department of Finance since 2015 are shown in the table below; Name Minister Ceased Ms. Fiona O’Connor Minister Donohoe Incumbent Ms. Deborah Sweeney (temporarily on leave) Minister Donohoe Incumbent ...

Written Answers — Department of Finance: Budget 2023 (18 Oct 2022)

Paschal Donohoe: 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. In answer to the Deputy's question, as I have indicated previously in my responses to Parliamentary Questions on this matter, I understand that licence arrangements may exist and that, in such circumstances, the licensee may be...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (18 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 298, 299, 300 and 301 together. Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS) which was an economy-wide enterprise support for eligible businesses in respect of eligible employees. The scheme closed with effect from 31 May 2022. As the Deputy will be aware,...

Written Answers — Department of Finance: Mortgage Resolution Processes (18 Oct 2022)

Paschal Donohoe: The Financial Services and Pensions Ombudsman (FSPO) has advised that as at 14 October 2022, its office had 1,077 complaints on hand identified as being tracker mortgage interest rate related complaints. In 2022 to date, the FSPO has identified 113 new complaints as being tracker mortgage interest rate related; closed 172 tracker mortgage interest rate related complaints and re-opened 11 such...

Written Answers — Department of Finance: Film Industry (18 Oct 2022)

Paschal Donohoe: In the period of time covered by the Deputy’s question, two different certification mechanisms applied. It is necessary to summarise the two certification mechanisms to provide a comprehensive reply. Prior to Finance Act 2018 a producer company would apply to Revenue for a certificate confirming that the production met the conditions set out for the scheme. The certificate was issued...

Written Answers — Department of Finance: Budget 2023 (19 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 69 and 75 together. I indicated in my Budget speech that I would be introducing a Temporary Business Energy Support scheme (TBESS) to assist businesses with their energy costs over the winter months. The scheme is being designed to be compliant with the EU State Aid Temporary Crisis Framework and will need to be approved by the EU Commission in advance of...

Written Answers — Department of Finance: Tax Reliefs (19 Oct 2022)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 (TCA 1997) provides for relief at the standard rate of income tax (currently 20%) on qualifying health expenses incurred in the provision of health care. I am advised by Revenue that for the purposes of the section “health care” is defined as the “prevention, diagnosis, alleviation or treatment of an ailment, injury,...

Written Answers — Department of Finance: Tax Code (19 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 71 to 73, inclusive, together. Last October a two-pillar solution to address the tax challenges arising from the digitalisation of the economy was agreed at the OECD. It is expected that the Agreement will bring long-term stability and certainty to the international tax framework arising from discussions which have taken place.   Pillar Two of the...

Written Answers — Department of Finance: Tax Code (19 Oct 2022)

Paschal Donohoe: As announced in Budget 2023, I am extending the reduction on the VAT rate for gas and electricity for an additional 4 months, until 28 February 2023 at an estimated cost of €45m. I recognise the impact of the current energy crisis and understand how it has contributed to a rise in the cost of living. While the energy crisis is driven primarily by global factors, the Government has...

Written Answers — Department of Finance: Vehicle Registration Tax (19 Oct 2022)

Paschal Donohoe: I think it is important, having regard to the framing of the Deputy’s question, to state that I am satisfied that the objective of the implementation of Revenue’s statutory powers to seize and release,  which may lead to the payment of compromise sums, is not an objective in its own right but rather is a facilitation for a person who makes the decision to pay this sum...

Seanad: VAT Rate for Tourism and Hospitality Sectors: Statements (19 Oct 2022)

Paschal Donohoe: I wish to thank Senators for raising this matter for discussion and I welcome the opportunity to speak to Members about the supports in place for our very valued tourism and hospitality sector. At the outset, I wish to put on record the importance the Government and I place on the tourism and hospitality sector, and particularly its contribution to the Irish economy. It is not just the...

Central Bank (Individual Accountability Framework) Bill 2022: Second Stage (Resumed) (19 Oct 2022)

Paschal Donohoe: I will continue from where the Minister of State, Deputy Fleming, left off. I believe he made reference to the Bill's policy background and was on the verge of going into the key provisions. Part 1 deals with technical matters such as the interpretation provisions and the commencement of the Bill. As the Minister of State referenced, the Central Bank will be undertaking a consultation...

Written Answers — Department of Finance: Fuel Prices (20 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 204 and 208 together. The price of fuel is determined by a number of factors such as global market dynamics, costs of labour, exchange rates, taxation as well as wholesale and retail pricing policy practices which may include additional pricing to cover transport and distribution costs.   The Government has acted to limit the impact of increased...

Written Answers — Department of Finance: Financial Services (20 Oct 2022)

Paschal Donohoe: I wish to advise the Deputy that there is no legal or regulatory measure which prevents a borrower from switching his or her mortgage from one creditor to another mortgage provider.  However, the decision on whether or not another lender will provide a new mortgage to a current mortgage holder will, after assessing the creditworthiness of the borrower, be a commercial matter for the new...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (20 Oct 2022)

Paschal Donohoe: I am advised by Revenue that 75,825 individuals were in receipt of the Pandemic Unemployment Payment and had an underpayment of tax for the tax years 2020 or 2021 when they filed their income tax returns. As the Deputy may be aware, any outstanding tax due at the end of the year is collected through a reduction in the person’s tax credits over four years from 2022. A Preliminary End of...

Written Answers — Department of Finance: Financial Services (20 Oct 2022)

Paschal Donohoe: The Central Bank advises that Seniors Money Mortgages (Ireland) Designated Activity Company, trading as Seniors Money/Spry/Spry Finance, is authorised by it as a Retail Credit Firm (RCF). RCFs are required to comply with all relevant requirements of financial services legislation and the regulatory requirements set out in the Central Bank's existing codes of conduct and regulations. These...

Finance Bill 2022: Second Stage (25 Oct 2022)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." We are here today to begin our consideration of the Finance Bill 2022, which will give the necessary legal basis to the decisions announced in the budget and make a number of other necessary changes to tax legislation. This year's Bill sets out the legislative provisions to bring effect to the tax measures announced in budget 2023, which...