Results 9,981-10,000 of 11,861 for speaker:Brian Hayes
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I move amendment No. 90: In page 128, lines 44 and 45, to delete “subsection (2)(b)(ii) or (3)(b)(ii)” and substitute “subsection (2)(b)(ii), (3)(b)(ii) or (4)(b)(ii)”.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I move amendment No. 91: In page 129, lines 5 and 6, to delete “subsection (2)(b)(ii) or (3)(b)(ii)” and substitute “subsection (2)(b)(ii), (3)(b)(ii) or (4)(b)(ii)”.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I move amendment No. 92: In page 129, line 13, to delete “balance.”.” and substitute the following:“balance (if any).(h) Where paragraph (c) applies and if—(i) a mortgagee ceases to have possession and another mortgagee takes possession, (ii) a mortgagee ceases to have possession and a receiver is appointed, (iii) a receiver’s appointment ends and a...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I thank Deputy Doherty for his amendment. Farmers are not obliged to register for VAT vis-à-vis supplies of agricultural produce. A farmer who is not registered is known as a "flat-rate" farmer and will not have a VAT number. Under VAT legislation, the invoice or settlement voucher issued for the supply of agricultural produce or services is required to include the full name and...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I am not an expert in this field either. This comes from the view of some contractors that they are in an unfair position in comparison with smaller operators and that the inclusion of a PPS number would make a difference in this regard. However, in anything we do, we must be proportionate. No one wants to be placing an unfair burden on very small farmers. Given my background, I am no...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: There is an argument here about compliance and we are trying to ensure a level playing pitch for everyone. We want small, medium and large operators and those in the food industry to be tax compliant. It is worth having a look at this proposal but the dilemma is that this specific amendment has come rather late in the day, notwithstanding the fact that the Deputy has put forward the...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: A declaration of interest may be required.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: Deputy Twomey walked himself into that. There is a paper record at present. The Deputy is right to highlight the fact that the settlement voucher is unique to the farming industry. It is unique because most farmers do not claim back VAT on goods and services because they fall within this category for a reason. It makes it easier from their perspective because, as I understand it, the...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I move amendment No. 94: In page 130, subsection (1), between lines 6 and 7, to insert the following: “(e) in paragraph 6(2) by inserting the following after clause (a):“(aa) an investment limited partnership within the meaning of section 739J of the Taxes Consolidation Act 1997;”,”.This amendment relates to the changes made to the tax treatment of investment...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: Section 40 provides for several technical amendments to restore the tax transparent nature of certain collective investment funds formed under the Investment Limited Partnerships Act 1994. The changes are made by creating a new section 739J of the Taxes Consolidation Act 1997 which provides for the tax transparency of investment limited partnerships by including them in the definition of an...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: The next time Deputy Boyd Barrett asks he will be aware of it. I understand it is a correcting section because these bodies lost the protection that had been in place under a previous amendment and this will restore it.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: They have always had it and it has been part of the VAT code.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: When section 40 went through, these bodies lost the exemption and amendment No. 94 reinstates it. It is being reinstated because it has always been in place.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: It has always been there.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: The idea is that these exemptions are permitted under the VAT directive. If we did not have them we would be at a disadvantage to others.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: Other member states.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I suppose this is a competitive industry throughout the European Union in a circumstance where VAT directives, as a body of law, apply throughout member states. The question is that if we take one action in one area potential reactions could follow in terms of the viability or competitiveness of the industry. That is a position relevant to every form of taxation policy and we must consider...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: One of the great issues of the Finance Bill on Committee Stage is that to speak authoritatively on every aspect of taxation law and the full consolidated Acts, one would need two rooms, each twice the size of this one, to have all the Acts in place. My understanding is that all financial services are exempt from VAT. Our argument is that were we to change that position it would put that...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: That is why we are here.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: It is important that Deputy Boyd Barrett understands all of this before he votes on these matters. I agree.