Results 8,521-8,540 of 9,274 for speaker:Jack Chambers

Written Answers — Department of Finance: Tax Code (16 Oct 2024)

Jack Chambers: There is no tax credit available for costs incurred on the disposal of incontinence pads. I am informed by the Department of Environment, Climate and Communications (DECC), that they have, for some time, been examining the issue of a support for persons with long-term incontinence with respect to the disposal of medical incontinence wear. To this end, they have engaged with a number of...

Written Answers — Department of Finance: Legislative Measures (16 Oct 2024)

Jack Chambers: I assume the Deputy is referring to section 7(a)(ii) of the Finance Bill 2024 (as initiated) which, once enacted, will amend the definition of “qualifying residence” in section 477C(1) of the Taxes Consolidation Act 1997. Section 477C provides for the Help to Buy (“HTB”) scheme. One of the policy aims of the HTB scheme is to incentivise the construction of...

Written Answers — Department of Finance: Tax Exemptions (16 Oct 2024)

Jack Chambers: Under the “Small Benefit Exemption”, an employer may provide, to each of their employees, up to two small relevant incentives (that is, a voucher or benefit) per year of assessment which will be exempt from Income Tax, PRSI and USC, provided all of the conditions contained within section 112B of the Taxes Consolidation Act 1997 (TCA) are satisfied. The main conditions for the...

Written Answers — Department of Finance: Legislative Measures (16 Oct 2024)

Jack Chambers: I am advised by Revenue that, prior to 1 January 2023, where the combined contributions by an employer and an employee to the employee’s Personal Retirement Savings Account (PRSA) did not exceed the employee’s annual percentage limit (between 15% and 40% of “net relevant earnings”, varying depending on age, up to a maximum relieved salary of €115,000) the...

Written Answers — Department of Finance: Legislative Measures (16 Oct 2024)

Jack Chambers: Section 90 of Finance Bill 2024, as published, amends Schedule 1 to the Stamp Duties Consolidation Act 1999. It gives effect to a Financial Resolution passed by the Dáil on Budget night to increase the standard rates of Stamp Duty payable on transfers of residential property and the higher rate of Stamp Duty payable on bulk acquisitions of houses. In respect of the first of those, prior...

Written Answers — Department of Finance: Departmental Schemes (16 Oct 2024)

Jack Chambers: The Deputy should note that all five members of the new Disabled Drivers Medical Board of Appeal (DDMBA) were formally appointed in September 2023. Following preparatory work which included developing working methods, determining clinical criteria for prioritising the waiting list and scheduling appeal hearings, appeal hearings recommenced in the first half of December 2023. It took...

Written Answers — Department of Finance: Commissions of Investigation (16 Oct 2024)

Jack Chambers: I can advise the Deputy that there has been one Commission of Investigation for which my Department has been responsible. The Commission of Investigation into the Banking Sector was established on 21 September 2010 by the Commission of Investigation (Banking Sector) Order 2010 (S.I. 454 of 2010) pursuant to s. 3(1) of the Commissions of Investigation Act 2004. Mr Peter Nyberg was...

Written Answers — Department of Finance: Tax Code (15 Oct 2024)

Jack Chambers: I propose to take Questions Nos. 188 and 203 together. I am advised by Revenue that the VAT rating of goods and services is subject to 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, unless they fall within categories of goods and services specified in Annex III of the EU VAT...

Written Answers — Department of Finance: Departmental Records (15 Oct 2024)

Jack Chambers: I propose to take Questions Nos. 189, 196, 226, 227, 228, 229 and 230 together. Department of Finance records, including those relating to NAMA and IBRC in Special Liquidation, are subject to the Department of Finance Records Management Policy and Procedures. These procedures support the Department’s business needs and also ensure compliance with the relevant legislation, the National...

Written Answers — Department of Finance: Revenue Commissioners (15 Oct 2024)

Jack Chambers: I am advised by Revenue that, under the provisions of the Customs Act 2015, the MV Matthew was seized by an Officer of Customs on 19 October 2023 following the seizure of €157m worth of cocaine on board the vessel. The vessel is now forfeit to the Revenue Commissioners. The MV Matthew is currently located at Belvelly Port, Marino Point, Cork, which has been designated by the Port of...

Written Answers — Department of Finance: Tax Exemptions (15 Oct 2024)

Jack Chambers: I am advised by Revenue that the savings associated with the removal of the existing employer PRSI exemption, that may apply to share-based remuneration operated by employers, is estimated to be in the region of €310 million for all employers. This latest estimate, which is a maximum cost, is based on 2023 data, being the most recent year in respect of which Revenue has full data. The...

Written Answers — Department of Finance: Tax Reliefs (15 Oct 2024)

Jack Chambers: I am advised by Revenue that there are provisions in the Taxes Consolidation Act (“TCA”) 1997 which specifically exempt from income tax certain payments which are made to or on behalf of, members of the Irish Defence Forces. Section 120B TCA 1997 provides an exemption from benefit-in-kind (“BIK”) where expense is incurred, by or on behalf of the Minister for...

Written Answers — Department of Finance: Departmental Staff (15 Oct 2024)

Jack Chambers: I wish to inform the Deputy that the tables below set out the number of staff working in my Department's Press Office and Communications teams, from 2019 to date in 2024. The Communications and Press Office functions were restructured in 2024 as part the establishment of a Corporate Services Division in the Department. Communications Office: Year Number of Staff Grade ...

Written Answers — Department of Finance: Departmental Advertising (15 Oct 2024)

Jack Chambers: I wish to advise the Deputy that the following payment was made in 2024 for an advertising campaign conducted in 2023. There are no publicity, marketing or advertising campaigns conducted by my Department to date in 2024. Name of Agency Purpose of Campaign Frequency Duration Cost EX vat IDA Ireland Advertising for Ireland’s AMLA bid in Aug 2023 ...

Written Answers — Department of Finance: Housing Schemes (15 Oct 2024)

Jack Chambers: 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 previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act 1997 outlines the definitions and...

Written Answers — Department of Finance: Housing Policy (15 Oct 2024)

Jack Chambers: Central Bank regulated banks and other mortgage lenders are independent commercial entities and it is a matter for those entities to determine its own lending policies and to make its own individual lending decisions. This includes matters in relation to the type of security acceptable by lenders for secured lending purposes, including the nature of any required structural insurance or...

Written Answers — Department of Finance: Electric Vehicles (15 Oct 2024)

Jack Chambers: I am advised by Revenue that the total number of electric vehicles registered under EU vehicle category L1 since the changes to legislation in May 2024, referred to in the Deputy’s question, is 12. Revenue does not have the required data to separately identify L1e-A and L1e-B registrations from within the L1 vehicle category group.

Written Answers — Department of Finance: Tax Code (15 Oct 2024)

Jack Chambers: 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, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States may apply a lower rate of...

Written Answers — Department of Finance: Tax Code (15 Oct 2024)

Jack Chambers: I propose to take Questions Nos. 200 and 201 together. I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they are exempt from VAT or fall within Annex III of the Directive, in which case lower VAT...

Written Answers — Department of Finance: Tax Reliefs (15 Oct 2024)

Jack Chambers: Sections 100 and 101 of the Finance Bill 2024 (as initiated) provide for the introduction of a revised form of relief from Capital Acquisitions Tax (CAT) for gifts and inheritances of agricultural property where certain conditions are met. Subject to the enactment of these provisions in the Bill, the revised agricultural relief will be provided for in a new section 89A of the Capital...