Results 18,041-18,060 of 32,983 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs Costs (30 May 2019)

Paschal Donohoe: It is assumed the Deputy is referring to the revised Entrepreneur Relief (section 597AA TCA 1997) that is available in respect of Capital Gains Tax (CGT). The available information is published on the Revenue website at the following link - . The estimated cost of the relief and the number of claims is provided in the following table for the Deputy's convenience. Year Estimated Exchequer...

Written Answers — Department of Finance: Tax Reliefs Costs (30 May 2019)

Paschal Donohoe: SARP was introduced in Budget 2012 as part of a strategy to promote Foreign Direct Investment into Ireland, and to allow us to compete internationally to attract highly skilled and mobile executives who act as key decision makers within organisations. The measure provides income tax relief on a portion of income earned by employees, who are assigned by their employer to work in Ireland, and...

Written Answers — Department of Finance: Tax Reliefs Costs (30 May 2019)

Paschal Donohoe: The Foreign Earnings Deduction (FED) is provided for in section 823A of the Taxes Consolidation Act 1997 (TCA). It provides relief from tax on up to €35,000 of salary for employees who travel out of State to certain countries on behalf of their employer. In order to qualify for FED, an employee must spend a minimum of 30 days abroad in a year and each trip must consist of at least...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (30 May 2019)

Paschal Donohoe: S128F of the Taxes Consolidation Act 1997 provides for the Key Employee Engagement Programme (KEEP) which came into effect on 1 January 2018. The aim of the incentive is to support SMEs in Ireland in competing with larger enterprises to recruit and retain key employees, by way of a targeted share option programme. I am advised by Revenue that the ‘KEEP 1’ returns in...

Written Answers — Department of Finance: Employment Investment Incentive Scheme Data (30 May 2019)

Paschal Donohoe: The Employment and Investment Incentive (“EII”) is an incentive whereby investors can claim relief for investments in qualifying companies. The annual cost and number of companies that have availed of the scheme between 2012 and 2017, the latest year for which data are currently available, can be found in the following table. Year No. of qualifying companies Estimated Tax...

Written Answers — Department of Finance: Tax Reliefs Data (30 May 2019)

Paschal Donohoe: Start Up Refunds for Entrepreneurs (SURE) provides a refund of tax paid in the previous six tax years to those previously in PAYE employment, or recently unemployed, where they invest funds into a new business set up by them. The most recent year for which statistics are available on this incentive is 2016. The cost and number of individuals who have availed of SURE for each year from 2012...

Written Answers — Department of Finance: Insurance Coverage (30 May 2019)

Paschal Donohoe: At the outset, as the Deputy is aware, I, in my role as Minister for Finance, have no responsibility for the operation of the Declined Cases Agreement (DCA) and therefore neither I, nor my Department, have direct access to the data that is being requested. However, in order to be as helpful as I can, my officials contacted Insurance Ireland about your information request. In response they...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Retirements (30 May 2019)

Paschal Donohoe: On 5 December 2017, the Government made the decision to increase the compulsory retirement age to 70, for public servants recruited prior to 1 April 2004. Primary legislation was necessary in order to bring that change into effect. It was made clear at the time that until such legislation was enacted, the compulsory retirement age of 65, which applied to the vast majority of this cohort,...

National Development Plan: Motion [Private Members] (11 Jun 2019)

Paschal Donohoe: I move amendment No. 2:To delete all words after "Dáil Éireann" and substitute the following:"notes:— the significant progress made in implementing the National Development Plan (NDP) as detailed in the first Project Ireland 2040 Annual Report published on 2nd May, 2019; — that climate action and the transition to renewable energy is already a key priority in the NDP...

Written Answers — Department of Finance: Carbon Tax Yield (11 Jun 2019)

Paschal Donohoe: Revenue raised from carbon tax is remitted to the Exchequer and therefore used to fund public services, including measures to address energy poverty such as the National Fuel Allowance Scheme and the Better Energy Warmer Homes Schemes.   To date carbon tax revenues have not been hypothecated for any exclusive purpose. Hypothecation in general is not a feature of...

Written Answers — Department of Finance: Tax Credits (11 Jun 2019)

Paschal Donohoe: I propose to take Questions Nos. 139 and 140 together. In the last number of Budgets, the Government has been introducing targeted changes to the income tax system within available resources to make steady and sustainable progress in reducing the income tax burden, focusing on low and middle income earners.  This has been done by making targeted changes to the Universal Social Charge...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (11 Jun 2019)

Paschal Donohoe: I am advised by Revenue that geographical data in relation the Help to Buy (HTB) is categorised by the county of location of the relevant property rather than the county of residence of the claimant prior to the purchase. To the start of May 2019, the following claims were made in relation properties located in the counties the Deputy refers to: County  Start May 19 Donegal...

Written Answers — Department of Finance: VAT Exemptions (11 Jun 2019)

Paschal Donohoe: The background to this issue is that up to 31 December 2011, admissions to open farms and built and natural heritage facilities were treated as a short-term letting of an immovable good and were therefore exempt from VAT. Following a number of CJEU cases, Revenue issued a notice in mid-2011 that such admissions could no longer be treated as exempt and would be liable to VAT at the standard...

Written Answers — Department of Finance: State Pension (Contributory) (11 Jun 2019)

Paschal Donohoe: The question of entitlement to a State Contributory Pension, including the amount to be paid, is a matter for my colleague the Minister for Employment Affairs and Social Protection and Revenue has no role to play in this regard. However, Revenue does provide the Department of Employment Affairs and Social Protection (DEASP) with PRSI related information in respect of individual taxpayers,...

Written Answers — Department of Finance: Excise Duties Yield (11 Jun 2019)

Paschal Donohoe: A breakdown by category of Excise Exchequer Receipts, as shown in the fiscal monitor, is not available. However, I am advised by Revenue that the following table sets out the net duty receipts in respect of commodities liable to Excise for the months of April 2018 and April 2019, together with the increase or decrease. - April April Change - 2018 2019 - €m €m €m...

Written Answers — Department of Finance: Excise Duties Yield (11 Jun 2019)

Paschal Donohoe: I am advised by Revenue that the amounts of Excise Duty received on Beer, Spirits, Wine and Cider in the first quarters of 2019 and 2018 are published on the Revenue website at the following link: .

Written Answers — Department of Finance: Mortgage Repayments (11 Jun 2019)

Paschal Donohoe: In relation to the first part of the Deputy's question, that whether, on the transfer of a mortgage, payments by direct debit to a new loan owner (payee) requires a written mandate from the borrower (payer) authorising the direct debits from its bank (payer’s bank), I am advised by the Central Bank of Ireland that Payment Service Providers (PSPs) are required to comply with the...

Written Answers — Department of Finance: Tracker Mortgages (11 Jun 2019)

Paschal Donohoe: Permanent TSB has provided the following comments in response to the Deputy's question: “This case was settled out of court by agreement between both parties and the specific terms of the settlement are covered by a confidentiality agreement agreed between the parties. “Nevertheless PTSB has confirmed that its approach in this case did not involve a change to any of...

Written Answers — Department of Finance: Tax Exemptions (11 Jun 2019)

Paschal Donohoe: I am advised by Revenue that Customs is an EU competence and that the legislation governing reliefs from customs duty is set out in Council Regulation (EC) No 1186/2009 (the Regulation) and Council Directive 2009/132/EC (the Directive).  The Regulation is binding in its entirety and directly applicable in all member States of the European Union including Ireland.  As a result, it is...

Written Answers — Department of Finance: Tax Code (11 Jun 2019)

Paschal Donohoe: The Report of the Working Group on the Tax and Fiscal Treatment of Landlords was submitted to me for consideration in September 2017, in advance of its publication on Budget Day, 10 October 2017. The report put forward options for further consideration, rather than recommendations, and any further consideration would require the participation of several Departments and organisations,...