Results 29,081-29,100 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Revenue Commissioners (23 Nov 2022)

Paschal Donohoe: One of the primary functions of Revenue is the collection of tax and ensuring that all taxpayers pay the correct amounts due in a timely manner. The majority of taxpayers continue to file and pay their taxes on time, and do not require notification from Revenue to pay outstanding debts. During the COVID-19 pandemic, Revenue suspended debt enforcement in line with the Government’s...

Written Answers — Department of Finance: Business Supports (23 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 31 December 2022 or, where it is possible to grant State aid beyond that date under the European Commission’s Temporary Crisis Framework (TCF), to 28...

Written Answers — Department of Finance: Tax Code (23 Nov 2022)

Paschal Donohoe: Ireland’s taxation of fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. ETD provisions in relation to liquid fuels used for motor or heating purposes are transposed into national law in Finance Act 1999. This law provides for...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (24 Nov 2022)

Paschal Donohoe: I will take that matter, if I may. The Revenue Commissioners are responsible for the roll-out of the scheme, and I am working closely with the Tánaiste's Department on the design of the scheme. We hope we will very shortly be in a position to announce that the scheme is open. It is not possible for oil to be included in the scheme because we depend so much on the metering mechanisms...

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

Paschal Donohoe: I move amendment No. 141: In page 206, line 7, after “the” where it thirdly occurs to insert “TBESS electricity”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: A lot has changed in two decades.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: We are getting back into familiar territory. The reliefs we are referring to are normal features of our tax code and a normal consequence of how large global companies are organised. If we were to remove the relief structures from our tax code, we would not be able to have policies that mirror how large companies, which employ many people in Ireland, are structured and tax them effectively....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 31: In page 64, to delete lines 19 and 20 and substitute the following: ““(4) This section shall not apply in respect of a claim made under section 766(4B) or 766A(4B) in a return the specified return date (within the meaning of Part 41A) of which is on or after 23 September 2023.”.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 39: In page 72, between lines 37 and 38, to insert the following: “(12) Where a company specifies that the first instalment, under subsection (5)(a), is to be treated, under subsection (6)(a), as an overpayment of tax, and where that amount is, under section 960H, offset in whole or in part against the company’s corporation tax payable (within the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 40: In page 72, line 38, to delete “(12)” and substitute “(13)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 45: In page 73, between lines 27 and 28, to insert the following: “Amendment to Chapter 2 of Part 23 of Principal Act (farming: relief for increase in stock values) 25.(1) The Principal Act is amended— (a) in section 667B— (i) in subsection (5)(b), by the substitution of “30 June 2023” for “31 December 2022”,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I have already informed the committee that both reliefs constitute EU state aid. This aid is granted under the ABER regulation, to which I referred in my initial answer. Provision is made in the ABER regulation for any exempted scheme to remain exempt for an adjustment period of six months from that date. The current ABER comes to an end on 31 December but allows schemes that are currently...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 46: In page 73, between lines 27 and 28, to insert the following: “Farming: accelerated allowances for capital expenditure on slurry storage 25. (1) The Principal Act is amended— (a) in Chapter 1 of Part 23, by the insertion of the following section after section 658: “Farming: accelerated allowances for capital expenditure on slurry storage 658A....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I am getting an answer to the question about two years and four years. I just want to understand it more fully myself and put it in the best language possible. Would the Deputy mind if I answered that question more fully when we get to the section on retrofitting?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I will come back to that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I understand the question the Deputy is putting to me, which is to deal with the two other matters he has put to me. He is correct that the expenditure has to be incurred in the 12 months immediately prior to letting. I have already answered the Deputy's second question. It is two years for retrofitting, but by the time we get to that section I will have a better answer for the Deputy on...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 47: In page 73, after line 36, to insert the following: “Deduction for retrofitting expenditure 26.The Principal Act is amended by the insertion of the following section after section 97A: “97B.(1)In this section— ‘Act of 2004’ means the Residential Tenancies Act 2004; ‘approved retrofitting grant’ means any of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: The Deputy is right in saying that the key feature of it is that capital allowances may be drawn down over a shorter period of two years. So, he is correct in his question to me. He also asked about the relevant period, which is the period under which retrofitting expenditure may be claimed against this relief. That is from 2023 to 2025. That is the first question the Deputy put to me...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: -----and come back to it later on.