Results 3,821-3,840 of 32,432 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Primary Medical Certificates (15 Nov 2022)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides relief from Vehicle Registration Tax and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief, the applicant must hold a...

Written Answers — Department of Finance: Insurance Industry (15 Nov 2022)

Paschal Donohoe: As the Deputy will be aware, the Central Bank of Ireland is the competent authority responsible for the authorisation of financial service providers and as such the Minister for Finance does not have a role in carrying out this function. The Central Bank of Ireland is bound by a statutory duty of confidentiality, therefore it cannot comment on its engagement with individual firms. ...

Written Answers — Department of Finance: Departmental Meetings (15 Nov 2022)

Paschal Donohoe: Ireland and Cyprus enjoy an excellent bilateral relationship, underpinned by our shared values and common EU membership. As part of my ongoing international engagements, I meet with my Cypriot counterpart, Minister Petrides, on a monthly basis at Eurogroup and ECOFIN meetings, alongside my other EU counterparts. At present, there are no arrangements in place for a bilateral meeting with...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: A lot has changed in two decades.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: We are getting back into familiar territory. The reliefs we are referring to are normal features of our tax code and a normal consequence of how large global companies are organised. If we were to remove the relief structures from our tax code, we would not be able to have policies that mirror how large companies, which employ many people in Ireland, are structured and tax them effectively....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 31: In page 64, to delete lines 19 and 20 and substitute the following: ““(4) This section shall not apply in respect of a claim made under section 766(4B) or 766A(4B) in a return the specified return date (within the meaning of Part 41A) of which is on or after 23 September 2023.”.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 39: In page 72, between lines 37 and 38, to insert the following: “(12) Where a company specifies that the first instalment, under subsection (5)(a), is to be treated, under subsection (6)(a), as an overpayment of tax, and where that amount is, under section 960H, offset in whole or in part against the company’s corporation tax payable (within the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 40: In page 72, line 38, to delete “(12)” and substitute “(13)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 45: In page 73, between lines 27 and 28, to insert the following: “Amendment to Chapter 2 of Part 23 of Principal Act (farming: relief for increase in stock values) 25.(1) The Principal Act is amended— (a) in section 667B— (i) in subsection (5)(b), by the substitution of “30 June 2023” for “31 December 2022”,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I have already informed the committee that both reliefs constitute EU state aid. This aid is granted under the ABER regulation, to which I referred in my initial answer. Provision is made in the ABER regulation for any exempted scheme to remain exempt for an adjustment period of six months from that date. The current ABER comes to an end on 31 December but allows schemes that are currently...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 46: In page 73, between lines 27 and 28, to insert the following: “Farming: accelerated allowances for capital expenditure on slurry storage 25. (1) The Principal Act is amended— (a) in Chapter 1 of Part 23, by the insertion of the following section after section 658: “Farming: accelerated allowances for capital expenditure on slurry storage 658A....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I am getting an answer to the question about two years and four years. I just want to understand it more fully myself and put it in the best language possible. Would the Deputy mind if I answered that question more fully when we get to the section on retrofitting?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I will come back to that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I understand the question the Deputy is putting to me, which is to deal with the two other matters he has put to me. He is correct that the expenditure has to be incurred in the 12 months immediately prior to letting. I have already answered the Deputy's second question. It is two years for retrofitting, but by the time we get to that section I will have a better answer for the Deputy on...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 47: In page 73, after line 36, to insert the following: “Deduction for retrofitting expenditure 26.The Principal Act is amended by the insertion of the following section after section 97A: “97B.(1)In this section— ‘Act of 2004’ means the Residential Tenancies Act 2004; ‘approved retrofitting grant’ means any of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: The Deputy is right in saying that the key feature of it is that capital allowances may be drawn down over a shorter period of two years. So, he is correct in his question to me. He also asked about the relevant period, which is the period under which retrofitting expenditure may be claimed against this relief. That is from 2023 to 2025. That is the first question the Deputy put to me...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: -----and come back to it later on.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I am aware of the criticism of how difficult it can be in some parts of the country to get the retrofitting work done. We have tried to recognise that in having a relevant period from 2023 to 2025. I accept there is a risk there and there may not be enough operators available to do the work. The Department will need to review that in due course and decide whether the scheme needs to be...