Results 7,841-7,860 of 9,184 for speaker:Jack Chambers

Written Answers — Department of Finance: Tax Reliefs (2 Jul 2024)

Jack Chambers: Where a person receives a gift or inheritance of property, they may have to pay Capital Acquisitions Tax (CAT) on the value of the gift or inheritance received. For CAT purposes, the relationship between the disponer (the person who provides the gift or inheritance) and the beneficiary determines the maximum amount, known as the Group threshold, below which CAT does not arise. Any prior...

Written Answers — Department of Finance: Tax Exemptions (2 Jul 2024)

Jack Chambers: Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances that is payable by the beneficiary of the gift or inheritance on the value of the property received. The relationship between the person giving a gift or inheritance and the beneficiary determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. Any prior gift or...

Written Answers — Department of Finance: Question Heading for question(s) 177 (2 Jul 2024)

Jack Chambers: Where a person receives a gift or inheritance of property, they may have to pay Capital Acquisitions Tax (CAT) on the value of the gift or inheritance received, after allowing for the application of the relevant Group threshold. For CAT purposes, the relationship between the disponer (the person who provides the gift or inheritance) and the beneficiary determines the maximum amount, known...

Written Answers — Department of Finance: Departmental Policies (2 Jul 2024)

Jack Chambers: Since the formation of the Government on 27 June 2020, the Department of Finance has delivered a number of policy achievements which include: Budget 2021, 2022, 2023 and 2024 The unforeseen challenges of Ukraine, the ongoing recovery from the pandemic and the continuing fallout from Brexit were addressed from a position of strength with record levels of employment and a budget surplus. ...

Written Answers — Department of Finance: Insurance Industry (2 Jul 2024)

Jack Chambers: It is important to clarify that neither I nor the Central Bank of Ireland have the authority to dictate insurance pricing or product offerings, as these are commercial decisions made by individual companies, governed by the EU Single Market framework for insurance (the Solvency II Directive). More specifically relating to your question, insurers assess Income Protection claims based on...

Written Answers — Department of Finance: Tax Code (2 Jul 2024)

Jack Chambers: Interest may be received without paying DIRT in certain circumstances. For those aged 65 or over, a declaration form must be completed stating that the individual, their spouse or civil partner, are 65 years of age or over when making the declaration and that their total income for the year, including the interest, must be below the annual exemption limit. As the Deputy is aware, the age...

Written Answers — Department of Finance: Housing Schemes (2 Jul 2024)

Jack Chambers: I am advised by Revenue that the situation has not changed in regards to the Help to Buy application in question no. 227 of 16 April 2024. The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax paid in the State over the...

Written Answers — Department of Finance: Revenue Commissioners (2 Jul 2024)

Jack Chambers: At the outset, it should be noted that the HERCULE III was superseded by the European Union Anti-Fraud Programme (EUAF) in 2021. The EUAF will run from 2021-2027. I am advised by Revenue that x-ray scanners and maritime cutters, which are an integral component of its response framework targeting fraud, illicit trade, smuggling and organised crime, are just one component of a suite of...

Written Answers — Department of Finance: Universal Social Charge (2 Jul 2024)

Jack Chambers: I am advised by Revenue that the estimated cost to the Exchequer on a first and full year basis for the proposal outlined by the Deputy would be of the order of €685 million and €785 million respectively. A reduced USC rate of 2% currently applies for those aged 70 years or older with income of €60,000 or less and for those who hold a full medical card with income of...

Written Answers — Department of Finance: Tax Code (2 Jul 2024)

Jack Chambers: For Capital Acquisitions Tax (CAT) purposes, the relationship between the person giving a gift or inheritance (i.e. the disponer) and the person who receives it (i.e. the beneficiary) determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. The Group A threshold (currently €335,000) applies, inter alia, where the beneficiary is a...

Written Answers — Department of Finance: Tax Reliefs (2 Jul 2024)

Jack Chambers: I am advised by Revenue that the annual cost of the tax relief on approved training courses or third level education fees is set out in the Costs of Tax Expenditures publication, which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/costs-expenditures.aspx (see ‘Approved Training Courses/Third Level Education...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Television Licence Fee (4 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 69 and 70 together. As has been stated on numerous occasions, the Government is committed to the reform of the TV licence. A long-term funding model is needed to deliver effective reform and ensure that a secure, sustainable model of funding is put in place for our public service media. The Government is committed to the introduction of a new sustainable...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Television Licence Fee (4 Jul 2024)

Jack Chambers: I thank the Deputies for their contributions. As I and the Minister, Deputy Martin, have stated, we will make a decision on this in the coming weeks. As a Government, we appreciate and understand the importance of public service media for a well-functioning democracy. It is also essential for cultural development, social cohesion and well-being. As such, it requires a funding model that...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Television Licence Fee (4 Jul 2024)

Jack Chambers: What I said publicly is what I am restating here: a discussion is ongoing. We are committed to the introduction of a new sustainable and fair funding model and will make a decision on that in the coming weeks. In reply to Deputy Doherty's question, we are exploring all options for a new and reformed funding model with a contribution. As I said, we have not landed on any particular model...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Television Licence Fee (4 Jul 2024)

Jack Chambers: The vast majority do pay the TV licence fee. That underpins independence in public service media. We need ongoing support for that to be in a sustainable and long-term funding position. As I said in other domains, I support the ongoing contribution by the public to public service media and the TV licence. We are committed to making a decision on this matter in the coming weeks. In...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Television Licence Fee (4 Jul 2024)

Jack Chambers: That is why we have to prioritise spending and make sure there is an ongoing contribution. On the Deputy's question, I said we are exploring all options for a reformed funding model.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Television Licence Fee (4 Jul 2024)

Jack Chambers: That is the answer.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Television Licence Fee (4 Jul 2024)

Jack Chambers: We are exploring all options.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (4 Jul 2024)

Jack Chambers: I will not go back to the previous question but I referenced that we are exploring all options for a funding model. That is the position. I will engage with Government colleagues on that. The Government is conscious of the implications of fuel costs for all sectors of society. This is reflected in the fact that in 2022, in light of the acute impact rising prices were having on...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (4 Jul 2024)

Jack Chambers: I am not sure what question the Deputy is asking. Is he talking about the actual parliamentary question he asked or is he asking about the date of the budget? As he knows, Sinn Féin called for an earlier budget two years ago when we were responding to the cost-of-living challenges. We have to submit our wider fiscal and budgetary framework to the European Commission, as he will be...