Results 14,721-14,740 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Exemptions (2 Oct 2018)

Paschal Donohoe: Section 188 of the Taxes Consolidation Act 1997 provides an exemption from Income Tax for persons aged 65 years and over where their income does not exceed €18,000 or €36,000 in the case of married couples or couples in a civil partnership. These exemption thresholds can be increased where there are dependent children and marginal relief is also available on incomes up to twice...

Written Answers — Department of Finance: Tax Credits (2 Oct 2018)

Paschal Donohoe: The Programme for a Partnership Government contains a commitment to increase the Earned Income Credit to €1,650. The Budget 2018 increase of €200 was a significant further step in that direction. The extent to which it may be possible to make further progress in this regard will depend on the overall resources available to me in the context of Budget 2019. As the Deputy will...

Written Answers — Department of Finance: Tax Code (2 Oct 2018)

Paschal Donohoe: Decisions on the taxation matter referred to by the Deputy are made in the context of the annual Budget and Finance Bill process and, with a week to go before Budget day, I cannot give any indications of my plans.

Written Answers — Department of Finance: Tax Code (2 Oct 2018)

Paschal Donohoe: I assume that the Deputy is referring to exit tax as applied to Life Assurance products. In general, consideration of any changes to the tax system are undertaken within the annual Budgetary and Finance Bill process. As is normal, the Deputy will appreciate that I cannot comment on any possible changes in advance of the 2019 Budget.

Written Answers — Department of Finance: Departmental Expenditure (2 Oct 2018)

Paschal Donohoe: My department budgets in line with the subheadings outlined in the Revised Estimates Volume for Public Expenditure 2018(REV). The budget for communications, press and public relations is included in admin non-pay costs specifically subhead iii. training, development, and miscellaneous costs, or depending on the nature of the expenditure it potentially could be accounted for as part of our...

Written Answers — Department of Finance: Customs and Excise Controls (2 Oct 2018)

Paschal Donohoe: I propose to take Questions Nos. 166, 168, 169 and 173 together. I am advised by Revenue that as it operates as a fully integrated tax and customs administration, it is not possible to disaggregate resources deployed exclusively at any given time on customs work. Revenue currently has over 2,000 operational staff engaged on activities that are dedicated to targeting and confronting...

Written Answers — Department of Finance: Imports Data (2 Oct 2018)

Paschal Donohoe: Northern Ireland and Great Britain are important trading partners for Ireland. Data published by the Central Statistics Office (CSO) show that in 2017 Ireland imported €1.37 billion worth of goods from Northern Ireland and €17.5 billion worth of goods from Great Britain, amounting to 1.7 per cent and 22.1 per cent, respectively, of total goods imports. In volume terms, data...

Written Answers — Department of Finance: Banking Sector (2 Oct 2018)

Paschal Donohoe: The customer due diligence requirements are set out in the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended by the Criminal Justice (Money Laundering and Terrorist Financing Act 2013). Section 33 of the 2010 Act requires designated persons (such as banks) to take steps to identify and verify a customer’s identity prior to establishing a business...

Written Answers — Department of Finance: Tax Code (2 Oct 2018)

Paschal Donohoe: I propose to take Questions Nos. 171, 179 and 183 together. I assume that the Deputy is referring to exit tax as applied to Life Assurance products. In general, consideration of any changes to the tax system are undertaken within the annual Budgetary and Finance Bill process. As is normal, the Deputy will appreciate that I cannot comment on any possible changes in advance of the 2019 Budget.

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Data (2 Oct 2018)

Paschal Donohoe: The Strategic Banking Corporation of Ireland commenced its activities in March 2015. SBCI has forwarded updated figures to my Department that show, to the end of March 2018, it has supported loans to Irish SMEs totalling €972m to 24,002 Irish SMEs supporting 129,300 jobs through both its on-lending and risk-sharing activities. Below is a breakdown, by SME size, of lending using SBCI...

Written Answers — Department of Finance: VAT Rate Increases (2 Oct 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. I am further advised that there has been no change in the position in relation to the VAT treatment of cookery schools. In accordance with the VAT Directive, the provision of children’s or young people’s...

Written Answers — Department of Finance: Project Ireland 2040 Expenditure (2 Oct 2018)

Paschal Donohoe: My department did not hold any seminars in relation to Project Ireland 2040 and therefore did not incur any costs as a result.

Written Answers — Department of Finance: Tax Code (2 Oct 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Exchequer Returns (2 Oct 2018)

Paschal Donohoe: I assume the figure the Deputy refers to is that which was published in the Irish Fiscal Advisory Council pre-Budget statement earlier this month. This is based on preliminary Department of Finance figures from Budget 2018. As the Deputy is aware from my recent response to Parliamentary Question No. 148 of September 25th, the expected yield on non-indexation for 2019 is being updated as part...

Written Answers — Department of Finance: Public Relations Contracts Expenditure (2 Oct 2018)

Paschal Donohoe: In relation to my Department the following expenditure has been made on the headings identified by the Deputy from 1 January 2018 to date: Month Company Description Amount January Fiona Kearns Graphic Design Graphic Design for IFS2020 Action Plan for 2018 €1,240 January Fluid Branding Promotional material for public awareness building of SME online tool €3,860.90 January...

Written Answers — Department of Finance: Fuel Rebate Scheme (2 Oct 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Film Industry Tax Reliefs (2 Oct 2018)

Paschal Donohoe: I am advised by Revenue that they cannot comment on individual cases. However, they have provided the following general information in relation to the administration and review of claims for the film tax credit under Section 481, Taxes Consolidation Act 1997. Under Section 481, in general terms a company which produces a film can claim a payable tax credit of 32% of the lower of: ...

Written Answers — Department of Finance: VAT Rate Application (2 Oct 2018)

Paschal Donohoe: Section 86A of the VAT Consolidation Act 2010 was introduced in Finance Act 2016 to provide a mechanism for addressing situations where the business models in any agricultural sector allow for higher levels of flat-rate addition payments to be paid compared with the VAT borne on input costs. I am advised by the Revenue Commissioners that, following the introduction of Section 86A of the VAT...

Written Answers — Department of Finance: Tax Code (2 Oct 2018)

Paschal Donohoe: I am advised by Revenue that they have published guidance on the withholding tax obligations that arise in peer to peer lending. That guidance is published in Tax and Duty Manual 08-03-05 and is available on the Revenue website via the following link: The purpose of the withholding tax is to facilitate tax compliance by providing a mechanism through which tax arising on the interest earned...

Written Answers — Department of Finance: Commencement of Legislation (2 Oct 2018)

Paschal Donohoe: I am informed by Revenue that this section was enacted to provide a legal basis for the development of IT systems in the excise sector for the electronic transmission of returns required under excise law. This section will be commenced on the completion of a number of developments that are underway. As part of this approach, a new IT system was implemented in 2017 that enables traders...