Results 301-320 of 1,718 for long speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Yield (15 Feb 2022)

Paschal Donohoe: ...of profit. In addition, Section 112 of the TCA 1997 brings into charge all salaries, fees, wages, perquisites or profits of any kind arising from an office or employment. Therefore, the long-standing position is that all tips, gratuities and service charges arising from an office or employment are chargeable to income tax under Schedule E in accordance with Section 112. Gratuities...

Written Answers — Department of Finance: Tax Code (9 Feb 2022)

Paschal Donohoe: ...retained as rental accommodation Incentive to attract investment capital into the construction of property, in areas of need, to be let at social / affordable rents. Long-term options Review of provisions for the holding of rental property via pension vehicles Consideration of developing a separate method of taxing...

Written Answers — Department of Finance: Tax Credits (8 Feb 2022)

Paschal Donohoe: ...mechanisms for resolving defects and, to consider financing options in line with the Programme for Government commitment to identifying options for those impacted by defects to access low-cost, long-term finance. A final paper is due to be completed by Q2 2022. Separately, my Department's Tax Expenditure Guidelines are clear that a tax-based intervention should only be considered...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: ...with this process in an appropriate manner in respect of agreeing to a payment schedule. The policy on this issue, however, is clear. That tax is to be repaid. It will, though, be repaid over a long period, and for the first year of that period, a 0% interest rate charge will be applicable. Turning to the point raised by the Chair concerning the pension and taxation issue, I will...

Written Answers — Department of Finance: Tax Code (25 Jan 2022)

Paschal Donohoe: ...mechanisms for resolving defects and, to consider financing options in line with the Programme for Government commitment to identifying options for those impacted by defects to access low-cost, long-term finance. Separately, my Department's Tax Expenditure Guidelines are clear that a tax-based intervention should only be considered where it would be more efficient than a direct...

Written Answers — Department of Finance: Legislative Measures (19 Jan 2022)

Paschal Donohoe: ...changes were made to the time limits for making complaints to the FSPO’s predecessor, the Financial Services Ombudsman’s Bureau. This introduced additional time limits for complaints in respect of a “long-term financial service”. These expanded time limits were included in the Financial Services and Pensions Ombudsman Act 2017 which established the FSPO. The...

Written Answers — Department of Finance: Tax Code (19 Jan 2022)

Paschal Donohoe: ..., Member states are not permitted to apply a VAT rate lower than the standard rate to such supplies.  By way of special derogation from the general rule, however, Ireland is permitted to continue its long-standing practice of applying a reduced rate, currently 13.5%, to the supply of ready-to-pour concrete and certain concrete blocks but there are strict restrictions on this...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (19 Jan 2022)

Paschal Donohoe: ...trading conditions. It was considered that the best metric to determine the impact of the public health restrictions was a decline in turnover. At the outset of the restrictions nobody could anticipate how long or what impact the restrictions would have or how businesses or customers would react.  Qualification for TWSS, and subsequently EWSS, was based on projections of the business....

Written Answers — Department of Finance: Departmental Reviews (19 Jan 2022)

Paschal Donohoe: ...recommendations, and any further consideration would require the participation of several Departments and organisations, including my own Department. The ten options are split into short, medium and long-term options. Five potential short-term options were identified as measures which could potentially be implemented within 18 months, i.e. within Budgets 2018 and 2019. One short-term...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Covid-19 Payments and the Sale of AIB shares: Minister for Finance (19 Jan 2022)

Paschal Donohoe: I briefly make the point to the Deputy that my mindset on many of these supports is not for their long-term maintenance. If he looks at the EWSS, at the moment one worker in 12 in our country is now on that scheme. At the same time, we have many employers that cannot get the staff and the workers they need. Again, I should be open with the Deputy that more than the conditionality of access...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Covid-19 Payments and the Sale of AIB shares: Minister for Finance (19 Jan 2022)

Paschal Donohoe: The Deputy's description of what the Government is doing, in some ways, is correct. It is not my intention that the State would remain the largest shareholder of AIB in the long term. My view is that we should be in a position where the bank is privately owned. Before we get to that point, we need to be in a position where the State is no longer the majority shareholder. We will have...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Covid-19 Payments and the Sale of AIB shares: Minister for Finance (19 Jan 2022)

Paschal Donohoe: ...comment on it. I know this issue is under consideration at the moment. It is being dealt with in the courts, perhaps in the way the Chairman has just indicated. At this point, however, given how long this has been going on and some of the difficulties involved in it, I again acknowledge his involvement and interest in it. That said, I must leave it to the bank and those who are dealing...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Covid-19 Pandemic Supports (16 Dec 2021)

Paschal Donohoe: ..., we have maintained the approach that a business can only enter the scheme if their its turnover decline is 30% or more. I have no plans to change it because of how clear it has been for so long. Any threshold I fix is will face the challenges of business that are slightly outside of it.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (16 Dec 2021)

Paschal Donohoe: ...the merits and impact of introducing the design of a vacant property tax. Before introducing the tax, it is important to have a sound understanding of the quantity, locations and characteristics of long-term vacant properties. It is also essential to identify the reasons for vacancy, and whether this is long term or short term in nature. There may be genuine and acceptable reasons...

Written Answers — Department of Finance: Fuel Prices (16 Dec 2021)

Paschal Donohoe: ...also note that the most effective way to reduce a household’s energy bills permanently is through improving the energy efficiency of their home. The Government is providing a record level of support for energy efficiency this year. This will continue in 2022 with further investment. In the long run, the best way to protect Ireland from the impact of international fossil fuel...

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

Paschal Donohoe: ...them for the VAT incurred on goods and services used in the course of their farming business by allowing them to charge a flat rate addition for their supplies of agricultural produce and services. This long-standing arrangement is provided for under Ireland’s VAT legislation and is permitted under the Directive.

Written Answers — Department of Finance: Vacant Properties (16 Dec 2021)

Paschal Donohoe: ...a vacant property tax is introduced at some stage in the future, careful consideration is required to design the appropriate criteria for the implementation of such a tax. 3. Properties which become vacant owing to the long-term illness of the owner and which subsequently are rented out should be exempt from Local Property Tax 4. Enhanced evidence should be collected to monitor movements...

Written Answers — Department of Finance: Vacant Properties (16 Dec 2021)

Paschal Donohoe: ...sources, will be used to assess the merits and design of a Vacant Property Tax. Before introducing such a tax it is important to have a sound understanding of the quantity, locations and characteristics of long term vacant properties.  It is also essential to identify the reasons for vacancy, and whether this is long or short-term in nature. There may be genuine and...

Written Answers — Department of Finance: Mortgage Interest Rates (16 Dec 2021)

Paschal Donohoe: ...; - lower levels of competition in the Irish banking market compared to other jurisdictions (however, it is noted that non-bank lenders are now playing a greater role in the provision of new mortgage credit and are offering long term fixed rate mortgages at competitive interest rates). Nevertheless, the Central Bank has a range of measures to protect consumers who...

Written Answers — Department of Finance: Small and Medium Enterprises (16 Dec 2021)

Paschal Donohoe: ...difficulty. The options could include additional flexibility, and this could be a short-term arrangement such as additional periods without payments or interest-only repayments, or if appropriate more long term arrangements. In addition, the Credit Review Office was established to assist those SMEs and farm borrowers that have had credit applications of up to €3 million refused or...