Results 1-20 of 198 for carers speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Credits (9 Jul 2019)

Paschal Donohoe: Subsection (8) of section 466A of the Taxes Consolidation Act 1997 (TCA) provides that a couple may not receive both the increased standard rate band and the home carer credit in a tax year. Carer’s Benefit is taxable income under section 112 TCA. As a result, a jointly assessed couple where one spouse or civil partner is in receipt of this payment is considered to be a dual...

Written Answers — Department of Finance: Tax Credits (12 Jul 2022)

Paschal Donohoe: I am informed by Revenue that the home carer tax credit can be claimed by couples who are married or in a civil partnership and have elected to be jointly assessed to tax, where either spouse or civil partner, the ‘home carer’, cares for one or more dependent persons. A dependent person includes an individual who, at any time in the year of assessment, is: - a child in...

Written Answers — Department of Finance: Tax Code (17 Jun 2021)

Paschal Donohoe: ..., on the other, taking account of the need to encourage labour force participation." This is an area that is kept under review. On the specific arrangements in place, I am advised by Revenue that the home carer tax credit may be claimed by a married couple or civil partners where one spouse or civil partner (the ‘home carer’) cares for one or more dependent persons....

Written Answers — Department of Finance: Tax Credits (14 Dec 2021)

Paschal Donohoe: I am advised by Revenue that the home carer tax credit may be claimed by jointly assessed married persons or civil partners, where one spouse or civil partner (the ‘home carer’) cares for one or more dependent persons. A dependent person includes an individual who, at any time in the year of assessment, is: - a child in respect of whom the home carer, or his or her spouse or...

Written Answers — Department of Finance: Tax Credits (22 Mar 2022)

Paschal Donohoe: I am advised by Revenue that the home carer tax credit may be claimed by jointly assessed married persons or civil partners where one spouse or civil partner (the ‘home carer’) cares for one or more dependent persons. A dependent person includes an individual who, at any time in the year of assessment, is: - a child in respect of whom the home carer, or his or her spouse or...

Written Answers — Department of Finance: Tax Credits (27 Jun 2019)

Paschal Donohoe: I am grateful to the Deputy for clarification that this question relates to the basis and rationale behind the restriction which may preclude a dual income couple from claiming both the home carer credit and the increased standard rate cut-off point available for such couples. The home carer credit was introduced in Finance Act 2001 in tandem with the move towards individualisation of the...

Seanad: Order of Business (22 May 2008)

Paschal Donohoe: This morning I attended the launch of the Carer of the Year Awards organised by the Carer's Association. I attended the event because the association has a particularly vibrant presence in my neighbourhood and constituency. It was a very moving event and was attended by many carers and those being cared for. The enormous difficulties for some of the carers to simply attend such an event is...

Written Answers — Department of Finance: Tax Credits (24 Oct 2019)

Paschal Donohoe: I am advised by Revenue that the cost of increasing the Home Carer Tax Credit by the amounts requested by the Deputy are set out in the following table. I announced in my Budget speech that the Home Carer Tax Credit will be increased to €1,600 per year from 2020. Home Carer Tax Credit Increase € Home Carer Tax Credit Value € First Year...

Written Answers — Department of Finance: Tax Credits (16 Dec 2021)

Paschal Donohoe: ...that the credit played a role in supporting and incentivising the labour market participation of single and widowed parents but recommended that the credit should be allocated to the principal carer of the child only. The One-Parent Family Tax Credit was replaced by the Single Person Child Carer Tax Credit from 1 January 2014. The restructured credit is of the same value i.e....

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: ...is fortunately a very buoyant labour market. As such, it would in my view be potentially inequitable to single out certain sectors for particular treatment through the personal tax system. The Home Carer Tax Credit can be claimed by couples who are married or in a civil partnership and have elected to be jointly assessed to tax, where either spouse or civil partner, the ‘home...

Written Answers — Department of Finance: Carer's Allowance (24 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 462 and 463 together. The Carers' Allowance is a means-tested payment made to individuals on low incomes who are looking after a person who needs support because of age, disability or illness. In order to receive the allowance, the individual must not be engaged in employment, self-employment, training or education courses outside the home for more than 18.5...

Written Answers — Department of Finance: Tax Data (6 Nov 2018)

Paschal Donohoe: I am advised by Revenue that the number of taxpayers who received the full and partial value of the Home Carer Tax Credit is set out in the table below for the years 2014 to 2016 (the most recent year for which data are available). It should be noted that married couples and civil partners who are jointly assessed are counted as one taxpayer unit. Home Carer Tax Credit 2014 2015 2016...

Written Answers — Department of Finance: Tax Credits (1 Jun 2021)

Paschal Donohoe: ...market participation of single and widowed parents. However, in its recommendations, the Commission concluded that the credit should be retained but that it should be allocated to the principal carer of the child only. It is essential to review all tax reliefs, credits and incentives in order to ensure that they are properly targeted and if necessary re-focused in order that they could...

Written Answers — Department of Finance: Tax Credits (20 Jun 2017)

Paschal Donohoe: I assume the Deputy is referring to the Home Carer Tax Credit. I am advised by Revenue that in 2014, the most recent year for which figures are available, the maximum amount of home carer tax credit available was €810 and the overall cost to the Exchequer for this credit was an estimated €60.9 million, in respect of 80,900 recipients. The Deputy will be aware that the home carer...

Written Answers — Department of Finance: Tax Collection (24 Mar 2021)

Paschal Donohoe: ...Revenue that the persons’ tax credits and rate band allocations have been reduced in 2021 to collect the tax due on their Department of Social Protection (DSP) Pandemic Unemployment Payments and Carer’s Income supports. The mechanism to tax the PUP for 2021, in common with other DSP payments, including Carer’s Income and Jobseekers’ Benefit, is by reducing...

Written Answers — Department of Finance: Budget 2019 (6 Nov 2018)

Paschal Donohoe: As I announced in my Budget speech, the value of the Home Carer Tax Credit will be increased from its current level of €1,200 to €1,500 at an estimated full year cost of €24 million. This is the fourth Budget in a row that the Home Carer Tax credit has been increased and it has been increased by a total of €690. This increase will be of benefit to stay-at-home...

Written Answers — Department of Finance: Tax Reliefs Availability (17 Oct 2019)

Paschal Donohoe: There are a number of tax reliefs available to individuals who are carers. The Home Carer Tax Credit is available to married couples or civil partners that are jointly assessed, where one spouse or civil partner stays at home to take care of a dependent person. Its current value is €1,500. The carer spouse or civil partner may earn up to €7,200 per year without affecting the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: A review of the home carer tax credit was carried out this year by my Department and Revenue following the methodology outlined in the tax expenditure guidelines. The review was carried out to inform future policy making in this area and forms part of my Department’s ongoing commitment to reviewing tax expenditures on a regular basis. The issue raised by the Deputy was specifically...

Written Answers — Department of Finance: Tax Credits (28 Jun 2022)

Paschal Donohoe: ...the value of the tax credit as mentioned by the Deputy are set out in the following table. Measure Adjustment First year cost Full year cost Home Carer tax credit* An increase of €200 from €1,600 to €1,800 €12m €16m *the cost does not include any increase in...

Written Answers — Department of Finance: Tax Reliefs (29 Jun 2022)

Paschal Donohoe: ...circumstances of a case, in broad terms, where an individual is responsible for the care of an incapacitated individual, the reliefs available include: 1. relief where the individual employs a carer to look after the incapacitated person (provided for under section 467 TCA 1997); and 2. relief where the individual looks after the incapacitated person themselves (the home...