Results 18,881-18,900 of 32,999 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Summer Economic Statement (6 Sep 2019)

Paschal Donohoe: The Exchequer Borrowing Requirement (EBR) is a bottom-up forecast based on updated macroeconomic forecasts endorsed by the Irish Fiscal Advisory Council (IFAC). The forecast is conducted twice annually; in Spring, in advance of the Stability Programme Update, and again in Autumn, in advance of the Budget. Therefore there is no EBR forecast corresponding to Summer Economic Statement...

Written Answers — Department of Finance: Tax Data (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 92 to 95, inclusive, together. I am informed by Revenue that there is no requirement to report interest on crowdfunding loans separately to other interest on tax returns, or for investors to report details of loans made via crowdfunding in their income tax returns. Therefore, there is no basis on which to provide the information sought.

Written Answers — Department of Finance: Departmental Websites (6 Sep 2019)

Paschal Donohoe: In relation to my Department, I wish to advise that ICT services are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure and Reform. Government department websites are currently undergoing a significant change in how they present online content to citizens and businesses, with a view to making them easier to use and more...

Written Answers — Department of Finance: Departmental Expenditure (6 Sep 2019)

Paschal Donohoe: My Department uses Lotus Notes for a small number of legacy systems for which perpetual licenses were purchased prior to 2009.  Accordingly, the Lotus Notes licenses held by my Department have not been renewed in the period 2009 to date.  Therefore no expenditure on licences has been incurred during this time, nor are there currently any plans to do so.

Written Answers — Department of Finance: Departmental Surveys (6 Sep 2019)

Paschal Donohoe: Officials from the Department of Finance and the ESRI published a paper in 2016 titled “Scenarios and Distributional Implications of a Household Wealth Tax in Ireland”, within which the table referenced by the Deputy was presented. The data are drawn from the first wave of the Household Finance and Consumption Survey (HFCS), which the CSO carried out in 2013 and results of...

Written Answers — Department of Finance: Debt Repayments (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 99 to 101, inclusive, together. The UK bilateral loan is a sterling loan which was drawn down in eight equal tranches of £0.4bn. The first tranche was drawn in October 2011 and the last in September 2013. At its peak, the loan totalled £3.2bn. Each tranche is repayable seven and a half years after disbursement. Principal repayments are made in...

Written Answers — Department of Finance: Tax Credits (6 Sep 2019)

Paschal Donohoe: The cost of an increase to the Home Carer Tax credit of €50 is shown in Revenue’s Ready Reckoner available at . The current maximum value of the HCC is €1,500. The costs of increasing the credit as requested by the Deputy can be calculated on a straight-line basis and are set out in the following table: Home Carer Credit – Maximum Value First Year Cost of...

Written Answers — Department of Finance: Brexit Preparations (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 103, 104 and 154 together. I am advised by Revenue that it is actively engaging with businesses regarding Brexit through a multi-layered comprehensive trader engagement programme. The programme is designed to maximise trader understanding of the potential impact of Brexit and to support and encourage businesses to take the practical steps necessary to be...

Written Answers — Department of Finance: Stamp Duty (6 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the Stamp Duty Refund scheme was introduced in respect of non-residential land that was purchased on or after 11 October 2017 at the increased Stamp Duty rate of 6% and subsequently developed for residential purposes. The scheme was intended to incentivise the building of houses and apartments following the increase in the rate of Stamp Duty on the purchase of...

Written Answers — Department of Finance: Tax Incentives (6 Sep 2019)

Paschal Donohoe: With less than five weeks to go, I do not propose to discuss the details of measures which may or may not be under consideration as part of the Budget. However, the Deputy will be aware that there is already in place a wide range of tax supports to assist farmers, including capital allowance regimes.

Written Answers — Department of Finance: General Data Protection Regulation (6 Sep 2019)

Paschal Donohoe: The Department of Finance is aware of its additional responsibilities as a controller and processor of personal data under GDPR. The Department pre-empted the changes in legislation and held GDPR training for staff. I wish to inform the Deputy of the names of external consultancies that delivered and continue to deliver advice and training - this has been presented in the following...

Written Answers — Department of Finance: Tax Code (6 Sep 2019)

Paschal Donohoe: I would say that consideration of possible changes to CAT rates and thresholds, including in respect of inheritances or gifts to siblings generally takes place as part of the consideration of any changes to the tax system which is undertaken as part of the annual Budget and Finance Bill process.  As is normal, the Deputy will appreciate that I cannot comment on any possible changes...

Written Answers — Department of Finance: Departmental Customer Charters (6 Sep 2019)

Paschal Donohoe: In line with the Department's Customer Service Charter 2018-2020, complaints regarding customer service received can be made to the relevant Unit/Division in the first instance, or to the Customer Service Officer in Corporate Affairs.  If the complaint is not resolved the Department's Customer Service Charter highlights the role of the Department’s Appeal's Officer...

Written Answers — Department of Finance: Tax Reliefs Data (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 110 and 111 together. I am advised by Revenue that there is no requirement for workers or self-employed persons to separately declare professional subscriptions in their tax returns (allowable subscriptions are included in their allowable expenses). There is also no requirement for businesses to declare subscriptions to business representative bodies in...

Written Answers — Department of Finance: Tax Reliefs Costs (6 Sep 2019)

Paschal Donohoe: A review of the appropriate treatment for tax purposes of trade union subscriptions and professional body fees was carried out by my Department in 2016 and included in the 2016 report on tax expenditures published on Budget day 2016. The review may be found at the following link: () The review concluded that: "...analysis of the scheme using the principles laid down by the Department’s...

Written Answers — Department of Finance: Tax Reliefs Data (6 Sep 2019)

Paschal Donohoe: SARP was introduced in Budget 2012 as part of a strategy to promote Foreign Direct Investment into Ireland, and to allow Ireland 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...

Written Answers — Department of Finance: Stamp Duty (6 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the number of successful applications under the Residential Development Stamp Duty Refund Scheme (Section 83D Stamp Duties Consolidation Act 1999) since its introduction to date (23 August 2019) is 661. A tabular breakdown is set out below for the Deputy’s information. Type of Application Breakdown Percentage of Total Successful Applications Refund...

Written Answers — Department of Finance: VAT Rate Application (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 115, 148 and 162 together. I am advised by Revenue that the document referred to by the Deputies was an internal document prepared in 2007 and that it was never published on the Revenue website. The document has no legal value or authority over VAT legislation in place on 1 January 1991 or subsequently and has no legal effect. It does not mean that food...

Written Answers — Department of Finance: Tax Reliefs Data (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 116 to 119, inclusive, together. Section 480A Taxes Consolidation Act 1997 (TCA) provides tax relief for certain sportspersons on earnings which derive directly from participation in the sport concerned, such as prize money and performance fees, but not other earnings such as sponsorship fees and income from advertisements or endorsements. Where the...

Written Answers — Department of Finance: Tax Reliefs Application (6 Sep 2019)

Paschal Donohoe: Section 473A of the Taxes Consolidation Act 1997 provides for tax relief at the standard rate of income tax (20%) in respect of qualifying fees paid by an individual for a third level education course, subject to the terms and conditions set out in that section.  Qualifying fees mean tuition fees in respect of an approved course at an approved college, reduced by the amount of the...