Results 3,481-3,500 of 32,527 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: I am saying I have not heard-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: Yes, I have not heard anyone. I do not want to breach committee protocol by asking Deputy Matthews a question because I am sure Standing Orders do not allow that, but I think he stated a moment ago that he had not seen any reference to the cap in Sinn Féin's energy document that was published today, where it appears to be missing in action-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: I am well used to this. Deputy Doherty's interruptions only fuel me to make the point even more strongly.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: If that is what we need to do, that is what we need to do. Not only does the policy the Deputy recommitted to appear to be missing in the document his party published today, it is not mentioned in any of his amendments. He has not brought it forward at any point in any amendment that is due to be debated in respect of the Bill. I think the reason it is not referenced relates to the fact...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: In asking for this measure to be extended, the Deputy explicitly acknowledges that it is a measure that helps and, as he said, that measure will be in place up to 28 February next year. By continuing it from 1 November to 28 February, the measure is aimed to provide support at what we know is the coldest time of the year. I would make the case to the Deputy that the appropriate thing to do...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: As I said to Deputy Nash, this is a matter that will have to be reassessed when we get to the early part of 2023. While I hope the situation will improve by then, we cannot be certain of that by any means. The decision will be made at that point regarding whether this measure should be extended or, as we hope, moderated or even phased out if the living standard circumstances allow us to do...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: The case I have made to the Deputy is that I would ask those households to view the budget in the round. The reason the change in the carbon tax on home heating oil will not take effect until May is in recognition of the circumstances of those homes that are dependent on home heating oil. I have tried to give recognition to that by phasing in the increase in carbon taxes, so at least the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: That would only be the case if I were to include home heating oil in this particular measure.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: On excise, I go back to our earlier discussion. In the round, I have to be confident that we are able to afford everything that we do. The parts of excise that still apply to home heating oil are mostly related to carbon tax and we have had this discussion before on carbon tax. Our carbon tax revenue is playing a very important part in investing into a lower carbon and better future for...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: I accept the flexibility that is there and I have acknowledged the wish that we do more throughout this debate. I have tried to help those homes through the introduction of other measures.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: It deals only with VAT issues.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: Yes. To give the committee a fuller answer, the section amends paragraph 6(2)(e) of Schedule 1 to the principal Act. The purpose of the amendment is to bring Irish VAT legislation into line with rulings of the Court of Justice of the European Union. The amendment removes the VAT exemption in respect of the management of certain section 110 companies that do not meet the conditions to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: I do not have that information with me, nor do my officials, but if it is available and the work is done, I will ensure that the information is shared with the Deputy.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: In my budget day speech I said "newspapers". If I were to reduce the VAT on news periodicals from 9% to 0%, I would have to reduce the VAT on all periodicals to zero. The cost of doing that would be €15 million. I gave a commitment in respect of newspapers, which we are honouring in this Finance Bill. If, however, we were to do that to periodicals as well, it would be for all...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: I am just asking my officials to check. I am being told that my budget day speech referred to newspapers. Then, when we went to check this, because the issue was raised with us afterwards, we found that I would not be able to split out news periodicals from other periodicals. That would mean having to reduce the VAT on all periodicals to zero. I will need to triple-check the exact detail...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: I have been told the budget day documents included news periodicals, but when we went to see if we could reduce the rate for news periodicals on their own, we found we would have to reduce the rate for all periodicals. I believe that €15 million would be a big cost to pay to do that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: My budget day speech was clear but I accept the budget day documentation made reference to periodicals. When we double-checked if this was possible, we found it would have meant moving all periodicals to a zero rate of VAT.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: It will cost €33 million.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: It is in a full year.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: I am told the full year cost is €33 million.