Results 28,341-28,360 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Official Engagements (25 Oct 2022)

Paschal Donohoe: I was recently in Washington DC from 11 - 14 October for the IMF/World Bank Annual Meetings. While both US Federal Reserve Board Chairperson, Mr Jerome Powell, and I attended three G7 meetings during the Annual Meetings, I did not have a bilateral meeting with him during my visit.

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: 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 legislated for as far back as 2008 (but never...

Written Answers — Department of Finance: Tax Code (25 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 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 person’s principal private residence; - the person living in the rented property...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: There have been many increases to the CAT thresholds in recent years. The Group A threshold was raised from €225,000 to €280,000 in Budget 2016, to €310,000 in 2017, to €320,000 in Budget 2019 with a further rise to €335,000 in Budget 2020. The Group B threshold rose from €30,150 to €32,500 in Budget 2017 and the Group C threshold rose from...

Written Answers — Department of Finance: Tax Reliefs (25 Oct 2022)

Paschal Donohoe: The Deputy will be aware that prior to 2015, film relief took the form of an income tax relief which provided an incentive to individual taxpayers to invest in Irish film production. The income tax scheme allowed investors in a qualifying Irish film to claim an income tax relief on their investment, once the film had been certified by Revenue and filming had commenced. In general, this was...

Written Answers — Department of Finance: Tax Reliefs (25 Oct 2022)

Paschal Donohoe: In order to qualify for Section 481 relief, an application for certification must be made in writing to the Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media at least 21 working days prior to the commencement of the Irish production. In considering whether to issue a certificate in relation to a film, the Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media will...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: I am advised by Revenue that on average 96% of self-assessed taxpayers complete the Form 11 return online to meet their annual filing and payment obligations each year which is reflective of the continuous efforts undertaken by Revenue to make the process as streamlined and simplified as possible. While a high percentage of Forms 11 are filed annually by tax agents, there is a significant...

Written Answers — Department of Finance: Tax Reliefs (25 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 264 and 265 together. Within the tax code there are various generally available tax reliefs that may be claimed by aircraft leasing companies but are not specifically for use by these companies. Statistics in relation to tax costs for various reliefs are available on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis...

Finance Bill 2022: Referral to Select Committee (26 Oct 2022)

Paschal Donohoe: I move: That the Bill be referred to the Select Committee on Finance, Public Expenditure and Reform, and Taoiseach pursuant to Standing Orders 95 and 181.

Written Answers — Department of Finance: Tax Reliefs (26 Oct 2022)

Paschal Donohoe: On Budget Day, I announced a €500 Rent Tax Credit with the intention that it 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 person’s principal private residence; - the person living in the rented property...

Written Answers — Department of Finance: Fuel Prices (26 Oct 2022)

Paschal Donohoe: 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 prices on households and businesses via reductions in VAT, excise and...

Written Answers — Department of Finance: Tax Reliefs (26 Oct 2022)

Paschal Donohoe: I am advised by Revenue that the number of taxpayer units availing of the Rent a Room relief scheme, together with the cost of the relief, since 2004, the earliest year available, is published in Revenue's ‘Costs of Tax Expenditures Publication’ which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Budget 2023 (27 Oct 2022)

Paschal Donohoe: 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 legislated for as far back as 2008 (but never...

Written Answers — Department of Finance: Energy Prices (27 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 173, 175 and 176 together. Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Bill 2022. The scheme will provide support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 31 December 2022 or, where it is possible to grant State aid beyond that date under the European...

Written Answers — Department of Finance: Departmental Bodies (27 Oct 2022)

Paschal Donohoe: Following the resignation of all members of the previous Disabled Drivers Medical Board of Appeal, effective from 30th November 2021, two Expression of Interest campaigns have been held, seeking suitable candidates for the Board. The Department of Health leads on all actions and tasks with respect to the Expression of Interest Campaigns. Department of Finance officials provide support to the...

Written Answers — Department of Finance: Tax Credits (27 Oct 2022)

Paschal Donohoe: The Incapacitated Child Tax Credit is available to the parent or guardian of a child who is permanently incapacitated, either physically or mentally. The qualifying criteria includes the requirement that medical evidence is provided setting out the extent of the incapacity and whether it is expected to permanently prevent the child from being able to maintain themselves independently when...

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

Paschal Donohoe: On the introduction of the Local Property Tax (LPT), the Government decided that a liability to the tax should apply to all owners of residential properties with a limited number of exemptions. Limiting the exemptions available allows the rate to be kept low for those liable persons who do not qualify for an exemption. The proceeds of the LPT are largely used in the general provision and...

Written Answers — Department of Finance: Primary Medical Certificates (27 Oct 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT 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 order to qualify for relief, the applicant must hold a Primary Medical...

Written Answers — Department of Finance: Energy Prices (8 Nov 2022)

Paschal Donohoe: Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Bill 2022. The scheme will provide support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 28 February 2023. The TBESS will be available to tax compliant businesses carrying on a trade or profession, the profits of which are chargeable to tax under...

Written Answers — Department of Finance: Departmental Bodies (8 Nov 2022)

Paschal Donohoe: 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 order to qualify for relief, the applicant must hold a...