Results 3,161-3,180 of 35,540 for speaker:Pearse Doherty

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: I am not totally familiar with this scheme, so apologies if I am not familiar with the existing legislation. I do not have the detail to hand. My understanding is a retail outlet will agree to operate this scheme.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: The operator is the person above that, is it not?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: The retailer gets a fee from the operator for operating this service. Is that not the case? I think it was 8% or something.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: That is from the operator.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: If we buy an aluminium can with the return logo on it, we are subject to the deposit, which may be 20 cent or whatever it is. It is immaterial to this issue. However, the retailer is not the operator.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: They obviously have to get something out of it. The profit of the operator is the number of cans that are not returned, I presume?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: That is where the profit originates. There will be a certain amount that will go into recycle bins or whatever. Let us use the €1 million we talked about earlier. It is subject to VAT. The €4 million that is returned in terms of the deposit is not subject to VAT. Out of the €1 million that the operator retains, a portion of that is given to the retailer for a fee to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Does this envisage that there is only one operator or multiple operators?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: The legislation only provides for one operator.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Obviously, it could not work with multiple. It would be, for example, Repak or whatever.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: This deals with the flat rate for farmers. As the Minister knows, the farming sector is quite upset about the flat-rate compensation or addition for non-VAT registered is being changed from the current 5% to 4.8%. They make a number of points about the impact this will have on farmers, particularly given that costs have increased on farms. I note the Minister said this is required under...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Is this kept under review for each year? Is that what applies in relation to calculating the appropriate rate depending on the input costs?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Is the Minister certain that, if we were to leave it at 5%, we would be infringing on the VAT directive?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: On section 60, in relation to what is really a technical amendment, I want to get the Minister's or the Department's views in regard to some of the concerns that have been raised by tax professionals that there could be a negative impact on the ability to apply VAT exemption to professional support services provided in respect of the issues that are being clarified that are in fact outside of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: I understand that it is tidying up a technicality, but concerns were raised that doing this will possibly have a negative impact on the ability to apply a VAT exemption on the professional support services element which I understand was heretofore exempt.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: I thank the Minister for clarifying that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Did we deal with amendment No. 29?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Will the Minister speak to this section? This is for many people probably an unknown in terms of short-term residential leases and the impact of stamp duty in terms of the rental sector. Will the Minister speak to the section and then we will have a discussion on it, if that is okay?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: That means that, at the minute, if a person is renting a house and paying €3,300 per month, he or she is not subject to this stamp duty, and the Minister believes that level is too low. I know rents are out of control but this again is following the serious policy we have in terms of runaway rents and all the rest. However, these are rents that at present are at €3,300 and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Can the Minister give the committee the details of how many properties have rents in excess of €3,333 per month, which means that they are the ones that were liable for this stamp duty?