Results 23,141-23,160 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Property Tax Data (13 Jul 2017)

Paschal Donohoe: I am advised by Revenue that the estimated cost of allowing the Local Property Tax as an allowable expense for the purposes of rental income is in the region of €22 million. This estimate is calculated on the basis of Local Property Tax returns where it was indicated that a property was a non-principal private residence, and assumes that each taxpayer would have sufficient rental...

Written Answers — Department of Finance: Tax Exemptions (13 Jul 2017)

Paschal Donohoe: I assume the Deputy is referring to development contributions as described under Section 48 of the Planning and Development Act of 2000 (Number 30 of 2000). The amount  collected from such contributions and therefore the revenue foregone in the event of their abolition would be a matter for my colleague the Minister for Housing, Planning, Community and Local Government.

Written Answers — Department of Finance: Tax Exemptions (13 Jul 2017)

Paschal Donohoe: I assume the Deputy is referring to development contributions as described under Section 48 of the Planning and Development Act of 2000 (number 30 of 2000). The amount  collected from such contributions and therefore the revenue foregone in the event of their abolition would be a matter for my colleague the Minister for Housing, Planning, Community and Local Government.

Written Answers — Department of Finance: Tax Code (13 Jul 2017)

Paschal Donohoe: The Help to Buy (HTB) incentive is an income tax based incentive available to the first time buyers of new homes or those who wish to build their own first home. The refund available under the incentive, while provided to developers in certain cases, is actually relief to the home purchaser to assist them in obtaining a deposit to put towards the cost of their new...

Written Answers — Department of Finance: Services for People with Disabilities (13 Jul 2017)

Paschal Donohoe: The Department is aware of it's obligations as set out in the Disability Act of 2005. In line with the legislation a Disability Liaison Officer (DLO) and Access Officers are in place within the Department.The contact details for these officers are available of the Department's website. = The Department works closely with the National Disability Authority (NDA)  in ensuring its...

Written Answers — Department of Finance: Departmental Expenditure (13 Jul 2017)

Paschal Donohoe: My Department does not make investments from its Vote other than the routine acquisition of IT equipment and systems and certain premises expenses relating to the buildings it occupies. Therefore, there were no investments by my Department during the period in question in County Louth and parts of east County Meath.

Written Answers — Department of Finance: Universal Social Charge Data (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 163 to 166, inclusive, together. I am advised by Revenue that the breakdown of the numbers of income earners at the different USC rates (including numbers of those exempt) from 2012 to 2014 is available at . The tax year 2014 is the most recent year for which complete tax returns data are available at present. However, I am further advised that the Revenue...

Written Answers — Department of Finance: Universal Social Charge Application (13 Jul 2017)

Paschal Donohoe: The 3% USC surcharge is payable on self-assessed income in excess of €100,000.  When the USC was introduced in 2011 it was accompanied by a series of other reform measures designed to simplify the tax system and widen the tax base in order to raise the revenues required at that time.   One of these measures was the removal of the €75,000 income ceiling for...

Written Answers — Department of Finance: Budget Submissions (13 Jul 2017)

Paschal Donohoe: In keeping with tradition, I do not propose to comment on Budget issues in advance of the forthcoming Budget.

Written Answers — Department of Finance: Tax Code (13 Jul 2017)

Paschal Donohoe: The Domicile Levy was introduced in the Finance Act 2010 to ensure that wealthy individuals make a contribution to the State during a time of economic and fiscal difficulty.  It applies to Irish domiciled individuals, wherever they are resident, who:  have a world-wide income greater than €1 million own Irish property greater than €5 million; and pay €200,000...

Written Answers — Department of Finance: Insurance Costs (13 Jul 2017)

Paschal Donohoe: This matter has been brought to my attention and was the subject of a Topical Issue discussion last week. In preparation for this discussion, my officials contacted Insurance Ireland who advised that livestock marts have significant exposure to injuries to employees and members of the public. This has resulted in claims occurring with a level of frequency which has led to a reduction in...

Written Answers — Department of Finance: Tax Reliefs Data (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 173 and 174 together. I am informed by Revenue that it is estimated the cost of reducing the Life Assurance Exit Tax rate from 41% to 39% and 37% would be in the order of €11 million and €22 million respectively. As the Deputy is aware, in Budget 2017 I announced that the rate of DIRT will be decreased by two percentage points each year for the...

Written Answers — Department of Finance: Tax Reliefs Data (13 Jul 2017)

Paschal Donohoe: It is assumed that the Deputy is referring to the Revised Entrepreneur Relief provided for in s. 597AA of the Taxes Consolidation Act 1997. I am advised by Revenue that the current lifetime limit applicable to this relief is €1 million in chargeable gains. The cost of increasing this limit to each of the amounts suggested by the Deputy is shown in the following table: Proposed...

Written Answers — Department of Finance: Tax Yield (13 Jul 2017)

Paschal Donohoe: I am informed by Revenue that the full year tax yield from equalising the tax on diesel with the tax on petrol is estimated at €337 million assuming no change in behaviour.

Written Answers — Department of Finance: Tax Data (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 177 to 179, inclusive, and 182 together. I am advised by Revenue that a Post-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at  . This Ready Reckoner shows a wide range of detailed information, including the estimated cost or yield to the Exchequer of widening the standard tax rate bands and the cost of reducing the USC rates....

Written Answers — Department of Finance: Tax Data (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 180 and 181 together. I am advised by Revenue that as share based remuneration, in general, is taxed under the PAYE system, it is not possible to separately identify the yield to the Exchequer from such share awards. There is therefore no basis to estimate the cost of deferring income tax on such remuneration for employees. The Deputy may be interested in...

Written Answers — Department of Finance: Travel Insurance (13 Jul 2017)

Paschal Donohoe: The Department of Finance does not hold information on complaints taken in relation to travel insurance products. However, the Financial Services Ombudsman ("FSO") collects such data and publishes it each year as part of their annual review. The mission statement of the FSO is to “resolve disputes between consumers and financial service providers in a fair, timely and impartial manner...

Written Answers — Department of Finance: NAMA Operations (13 Jul 2017)

Paschal Donohoe: I assume that the Deputy is referring to information originally provided in reply to Parliamentary Question 220 of 21 March 2017. In that reply, information was provided in relation to exceptions approved by NAMA over the period 2014-2016 to its policy of open marketing of loans by NAMA and of assets by its debtors and receivers. Therefore, the figure of €795m in the...

Written Answers — Department of Finance: NAMA Operations (13 Jul 2017)

Paschal Donohoe: I assume that the Deputy is referring to information originally provided in reply to Parliamentary Question 220 of 21 March 2017.  In that reply, information was provided on exceptions approved by NAMA, over the period 2014-2016, to its policy of open marketing of loans by NAMA and of assets by its debtors and receivers.  I assume that the Deputy is now seeking...

Written Answers — Department of Finance: Universal Social Charge Data (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 186 and 187 together. I am advised by the Revenue Commissioners that the number of taxpayers paying USC at each rate is available on the Revenue website at The 7% rate of USC was increased to 8% for incomes in excess of €70,044 in Budget 2015. The USC yield on such incomes in 2015 was estimated at €989 million. This estimate...