Results 28,781-28,800 of 33,214 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: We expect that this measure will raise up to €3 million to €4 million in year one. I will get the information during this meeting on how many properties will pay it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: Yes, up to €3 million to €4 million.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: I ask the Deputy to bear with me. The information is available.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: We estimate that around 15% of the total properties that are vacant will be liable for this tax. We estimate on the basis of the survey that we have done that the total number of vacant properties is 57,000. Of those properties, we estimate that 15% will be liable to the tax. That is approximately 6,000 to 7,000 properties.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: We expect that up to 6,000 or 7,000 will be paying this. As the Deputy knows, there is a difference between census information and information on vacancy from local property tax, LPT, returns. The reason for that is that the CSO used different methodologies and a different definition of vacancy when conducting its census.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: That is a fair concern but I am confident in the power of the Revenue Commissioners to deal with any hesitancy in declaring whether tax is due on a property.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: Yes, 6,200 properties.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: If the tax is not paid, it is because of the different criteria we have laid out. We believe there are acceptable and legitimate reasons for a property to lie vacant. The exemptions apply where the owner-occupier of a property has recently died, where the property is actively being marketed for sale or rent, where the occupation or sale of a property is restricted by court order, where the...

Written Answers — Department of Finance: Revenue Commissioners (17 Nov 2022)

Paschal Donohoe: I am advised by Revenue that it works closely with other relevant authorities on the implementation of legislation relating to movements of live animals into and out of the State, focusing in particular on the movement of agricultural animals under customs control. However, if Customs Officers at ports or airports, as part of routine or intelligence led operations, detect dogs that have been...

Written Answers — Department of Finance: Tax Code (17 Nov 2022)

Paschal Donohoe: 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 (currently 23% in Ireland), unless they fall within the categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member...

Written Answers — Department of Finance: Tax Code (17 Nov 2022)

Paschal Donohoe: I am advised by Revenue that it is not possible to provide a definitive response to the Deputy’s question, in the absence of specific details. However, an overview of the possible CAT treatment of the gift he has referred to is set out hereunder. The Capital Acquisitions Tax Consolidation Act 2003 (CATCA 2003) provides for a charge to capital acquisitions tax to be imposed on...

Written Answers — Department of Finance: Vehicle Registration Tax (17 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 154 and 155 together. Officers of the Revenue Commissioners have a statutory power under section 141 Finance Act 2001 to seize a vehicle as liable to forfeiture where there has been a breach of VRT legislation. Where goods have been seized as liable to forfeiture, Part 2 of the Finance Act 2001 sets out the procedures that apply as a consequence of seizure,...

Written Answers — Department of Finance: Rental Sector (17 Nov 2022)

Paschal Donohoe: As the Deputy will be aware, at Committee Stage of the Finance Bill 2022, I introduced a new section into the Bill to provide for a new tax incentive for small-scale landlords who undertake retrofitting works while the tenant remains in situ, which has the aim of attracting and retaining small-scale landlords in the private rental sector. The provision is intended to provide for a...

Written Answers — Department of Finance: Economic Policy (17 Nov 2022)

Paschal Donohoe: As the Deputy will be aware, the Fiscal Responsibility Act 2012 imposes a duty on the Government to endeavour to comply with the EU fiscal rules, known as the Stability and Growth Pact (SGP). Expenditure from the National Reserve Fund (NRF) would be classified as General Government expenditure and, therefore, fall within the scope of the Pact. However, it is important to note that the Fund...

Written Answers — Department of Finance: Departmental Data (17 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 158, 159, 160, 161 and 162 together. I am advised by Revenue that the amount of rental income on residential properties and commercial properties as declared on Form 11 tax returns by non tax-resident persons for the years 2016 to 2019 (the latest year for which data are currently available) is set out in the following table, as well as the number of...

Written Answers — Department of Finance: Tax Code (17 Nov 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...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I thank the Deputies for the points they have raised. I will deal with the general issues that have been raised overall, then I will come back to the specific matter that was raised by Deputy Boyd Barrett in his intervention, some of which I have already dealt with in the answer to a parliamentary question that I provided to the Deputy. In February 2021 the Minister for Housing, Local...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I thank Deputies Nash and Boyd Barrett for bringing those matters forward. The State will have to respond to the issues that have been identified in the report, just as we have played a significant role in trying to help those families that have been afflicted by the awful consequences of mica being present in their homes. However, the Government has not yet decided how we will do that. At...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: In situations where a couple is cohabiting, rather than married or in a civil partnership, each partner is treated for the purposes of income tax as a separate and unconnected individual. Because they are treated separately for tax purposes, credits, tax bands and reliefs cannot be transferred from one partner to the other. As the Deputy will be aware, the tax treatment of couples was...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: Of course. I imagine the roots of this lie in case decisions and jurisprudence in our State. If there are any comparisons outside our jurisdiction, we will include them in a note for the committee.