Results 3,501-3,520 of 32,432 for speaker:Paschal Donohoe

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

Paschal Donohoe: As I said, we will have to get that information for the Deputy. I cannot answer the question off the top of my head.

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

Paschal Donohoe: I came up with the 8% on the advice of my officials as to what would be an appropriate interest charge to have for the late filing of a vacant homes tax return.

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

Paschal Donohoe: I am happy to come back to the Deputy with a comparison of that charge. I will get that information for him. I go back, however, to the answer I gave a few moments ago. Looking at the total number of homes that were surveyed in the self-assessed vacant property tax project we did, there are many legitimate reasons a home could be vacant, reasons for which I believe it is appropriate not to...

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

Paschal Donohoe: If they are liable to pay local property tax, they will have to pay the vacant property tax. A homeowner here in Ireland will be liable to this tax.

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

Paschal Donohoe: Revenue is able to do that with the application of the local property tax. If any agency is capable of ensuring that somebody living in Boston who is liable to pay this tax does so, it is Revenue. I am absolutely confident in its ability to have the reach needed to collect tax from people who should pay this tax but who might not live in Ireland.

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

Paschal Donohoe: I expect that in those circumstances it would not be liable for vacant property tax, VPT because those kinds of properties - in my experience in Dublin Central, for example - tend not to have their own individual entrance or there tends to be difficulties with their compliance with fire safety legislation which mean they are not habitable. That is why the initiative the Minister, Deputy...

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

Paschal Donohoe: I ask the Deputy to bear with me. I am just getting the dates again. Payment in respect of the chargeable period is due on 1 January 2024. The self-assessment return is due on 7 November, but the chargeable period has already begun. The chargeable period, as the Deputy will know, is separate from when the payment is due. I am sorry; the Deputy asked me a final question on that that I...

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

Paschal Donohoe: We will have it by 7 November 2023 at the latest because that is when owners will be required to provide self-assessment to Revenue. Given it is possible some self-assessment is likely to happen and returns may come in October 2023, it may be some time after that before we get the full picture. I imagine the window from November 2023 to early 2024 will be the period in which the full...

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

Paschal Donohoe: Local property tax information is available on a county basis. I will check with my colleagues to see if it is available on a more granular level. I am informed it should be possible, on an anonymised basis, to get the information on a more granular level than just by county. I have little doubt, given international experience indicates this tends to be concentrated in particular cities,...

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

Paschal Donohoe: The amount of resources we make available to the Revenue Commissioners increases nearly every year. I am always delighted to provide this increase in resources and to meet as much of Revenues budgetary needs as I can that it asks of the Department of Finance. Revenue will have the resources that are needed to implement this. I do not have a breakdown of the additional resources needed to...

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

Paschal Donohoe: That matter is normally dealt with by the Secretary General of my Department, in dealing with the chairman of the board of the Revenue Commissioners. However, I engage regularly with the chairman and I have little doubt, if he were short of resources to do all this, he would tell me directly. I expect, and am confident, that we have met the resourcing needs for this tax, and any other...

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

Paschal Donohoe: I hear the case that is being put forward by Deputy Matthews that the penalty we have been discussing should be increased to €10,000. I will make the same general point back to the Deputy: just as he might wish that the rate should be higher, I believe the tripling of it, as we have at the moment, is capable of making a difference. The same difference exists in respect of the charge...

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

Paschal Donohoe: The initial response of Revenue is that that would not meet with the definition of actively selling a property.

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

Paschal Donohoe: I am sure the Revenue will have to issue guidance on all of this.

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

Paschal Donohoe: Yes, there will.

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

Paschal Donohoe: I am sure the guidance will deal with all these matters. If somebody puts a property up for sale, or appears to do so, for the purpose of avoiding paying this tax, that will be tax avoidance.

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

Paschal Donohoe: We will definitely consider the point that Deputy Matthews has made. We believe we have the balance right in the measures that are here but we will be very happy to consider this issue carefully.

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

Paschal Donohoe: I move amendment No. 76: In page 171, between lines 11 and 12, to insert the following: “Amendment of section 604B of Principal Act (relief for farm restructuring) 85.(1) Section 604B of the Principal Act is amended, in subsection (1)(a), in the definition of “relevant period”, by the substitution of “30 June 2023” for “31 December 2022”....

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

Paschal Donohoe: I have contacted the Chief Whip and I have let him know but it is obviously a bit messy.