Results 9,901-9,920 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (26 Jul 2017)

Paschal Donohoe: I am informed by Revenue that as Corporation Tax returns do not require separate entry of information in respect of the tax foregone due to the use of section 110, it is not possible to provide the figures requested. However, the Deputy may wish to note that the estimated tax yield from the section 110 and funds changes introduced in the 2016 Finance Act were estimated at €50...

Written Answers — Department of Finance: Tax Data (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 174, 175 and 196 together. I am informed by Revenue that it is not possible to identify from tax returns data the amount of income and gains from international investment funds. For this reason it is not possible to provide the figures in the questions.

Written Answers — Department of Finance: National Debt (26 Jul 2017)

Paschal Donohoe: The most recent estimate for the National Debt (which should be noted is distinct from General Government Debt (GGD), the metric used for comparative purposes across the European Union) is published on the NTMA website. As of end-June 2017 the National Debt stood at €183.87bn.  The most recent estimate of the 2017 GGD was published by the Central Statistics Office in the...

Written Answers — Department of Finance: National Debt (26 Jul 2017)

Paschal Donohoe: As outlined in PQ number 224 of 13/07/2017 the most recent estimates of interest on National Debt for the years 2016-2021 were published in the 2017 Stability Programme Update (Table A3, page 51). The 2018 figure is reproduced as follows. - 2018 National Debt Cash Interest (€ billions) 6.3

Written Answers — Department of Finance: National Debt (26 Jul 2017)

Paschal Donohoe: I am informed by the National Treasury Management Agency that it has paid net cash interest in the amount of €3.6 billion  in respect of Ireland’s National Debt for the six-month period (January to end-June 2017)*. This figure includes net interest paid on long-term debt, other medium/long term debt, short-term debt, EU/IMF Programme Loans and State Savings products....

Written Answers — Department of Finance: Exchequer Revenue (26 Jul 2017)

Paschal Donohoe: The Summer Economic Statement published earlier this month contains the most recent fiscal forecasts and contains a projected Exchequer deficit of €2.2 billion for next year. This projection incorporates an unchanged assumption from April’s SPU of debt service interest of €6.3 billion. Accordingly, this provides a projected primary Exchequer surplus of €4.1...

Written Answers — Department of Finance: Tax Code (26 Jul 2017)

Paschal Donohoe: The rate of stamp duty on commercial property is currently set at 2%. I am advised by Revenue that an increase of 4% would generate an estimated additional €376m in stamp duty revenue, bringing the total receipts from stamp duty on commercial property to an estimated €564m. The deputy may be interested to note that Revenue have recently published their Pre-Budget 2018...

Written Answers — Department of Finance: Tax Code (26 Jul 2017)

Paschal Donohoe: I am informed by Revenue that a tax on second and subsequent non-family homes levied at €600 for the second homes and €1,000 on all subsequent properties would have an annual yield in the region of €229 million. This is based on those properties indicated to be non-principal primary residencies by their owners in their LPT returns.

Written Answers — Department of Finance: Tax Data (26 Jul 2017)

Paschal Donohoe: Pages 105 to 107 of the 2016 Report on Tax Expenditures published by my Department include latest figures on the amounts of tax foregone in relation to private pension schemes. The report is available at the following link:

Written Answers — Department of Finance: Tax Code (26 Jul 2017)

Paschal Donohoe: I am advised by Revenue that a pre-Budget 2018 Ready Reckoner is available on the Revenue Statistics web page at the link: . In relation to the Deputy's Questions, page 11 of this Ready Reckoner shows the estimated cost or yield from changing the ceiling on the annual earnings limit for determining maximum allowable contributions for pension purposes and also the cost of reducing the...

Written Answers — Department of Finance: Tax Data (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 184 and 185 together. The schemes relevant to the Deputy’s questions are the Special Assignee Relief Programme (SARP) (employees who qualify for SARP may receive tax relief on certain costs associated with the education of their children in the State) and the Charitable Donations to Approved Bodies scheme. It should be noted that, under SARP, only...

Written Answers — Department of Finance: Tax Data (26 Jul 2017)

Paschal Donohoe: I am advised by Revenue that the information in respect of the Exchequer cost of the Research and Development (R&D) tax credit for the years 2012 to 2015 is available on the Revenue Statistics web page at . Data in respect of 2016 are not yet available as the bulk of 2016 Corporation Tax returns are not due to be filed until later in the year. I am advised that a breakdown of...

Written Answers — Department of Finance: Tax Data (26 Jul 2017)

Paschal Donohoe: I am advised by Revenue that the Knowledge Development Box (“KDB”) was introduced with effect from 1 January 2016. The earliest Corporation Tax returns claiming the KDB would therefore be 2016 returns, the bulk of which are not due to be filed until later this year. When these returns have been filed and subsequently processed and analysed, Revenue will be in a position to...

Written Answers — Department of Finance: Motor Insurance Data (26 Jul 2017)

Paschal Donohoe: The Central Bank has advised me that under Solvency I it published Insurance Statistics annually and the latest data available is for 2015.  In this regard, it has provided me with the following information on claims paid for total motor vehicle business for financial years 2011-2015 inclusive, which is detailed in Table 22 of the Insurance Statistics annual publication. This...

Written Answers — Department of Finance: VAT Rate Increases (26 Jul 2017)

Paschal Donohoe: I am advised by the Revenue Commissioners that the most recent estimate for reverting the reduced 9% VAT rate back to 13.5% is that it would result in extra revenue in the region of €491 million. Information on estimated costs of changes to all of the VAT rates can be found in the Pre-Budget 2018 Ready Reckoner on the Revenue Statistics webpage:

Written Answers — Department of Finance: Tax Data (26 Jul 2017)

Paschal Donohoe: It is my intention to introduce a tax on sugar-sweetened drinks in April 2018, to coincide with the introduction of a similar tax in the UK at that time.  This tax will be imposed as a volumetric tax as a specific amount per litre of product, as opposed to an ad valorem rate imposed on the final retail price of product. This is to ensure that the tax is applied to sugar content of the...

Written Answers — Department of Finance: Tax Reliefs Data (26 Jul 2017)

Paschal Donohoe: I am advised that, until recently, Revenue did not require rental income to be returned in a manner that would enable residential rental accommodation income to be separately identified from rental income in respect of other types of property, such as commercial rental property. It is not therefore possible to provide the annual cost in each of the years 2008 to 2016, and to date...

Written Answers — Department of Finance: Tax Reliefs Costs (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 192 to 194, inclusive, together. I am advised by Revenue that within the tax code there are a number of tax reliefs associated with property and land but not specifically for use by property developers or land owners.  The available statistics in relation to annual costs are on the Revenue website at . Updates will be published in due course as...

Written Answers — Department of Finance: Tax Data (26 Jul 2017)

Paschal Donohoe: I am advised by Revenue that on the basis of information included in the Corporation Tax returns filed for the tax year 2015, the potential yield from imposing a 2% levy on the profits of private human health and pharmaceutical companies, including nursing homes and home care agencies, is tentatively estimated to be in the region of €200 million, with over 99% of this from the...

Written Answers — Department of Finance: Irish Strategic Investment Fund (26 Jul 2017)

Paschal Donohoe: I can inform the Deputy that the Ireland Strategic Investment Fund (ISIF) recently published an update on its economic impact and details of its investments in 140 Irish companies and projects. Detailed information relating to the Deputy’s request is publicly available on the ISIF website, .  The report includes a breakdown of employment for Dublin and also by province and...