Results 21-40 of 1,641 for vat speaker:Paschal Donohoe

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Written Answers — Department of Finance: Tax Code (23 Nov 2022)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate (currently 23% in Ireland), unless they fall within the categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member...

Written Answers — Department of Finance: Tax Code (17 Nov 2022)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate (currently 23% in Ireland), unless they fall within the categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member...

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

Paschal Donohoe: ...thing to do is to review where we stand at the end of February before deciding if the extension of a measure like this is merited. If the Government decides that we are going to extend the lower VAT rate for gas and electricity, the Deputy would understandably ask me why we do not extend all of the other measures we have in place, for example, with regard to excise on fuel, beyond their...

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

Paschal Donohoe: ...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 that. On home heating oil, the VAT reduction does not cover home heating oil as this is provided for by way of a historical derogation. It is, therefore, not legally possible to reduce these items to 9%. Under the derogation,...

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: 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: ...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 of my budget day speech, but based on what my officials here have informed me, I am pretty sure we said newspapers.

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

Paschal Donohoe: ...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: The term "newspaper" is not defined in Irish or European VAT legislation. It is given an ordinary meaning, which is widely understood, as a publication that is published periodically to report on local, national and international news and current affairs. I think the Deputy asked me about e-newspapers. That is not defined in Irish or European VAT legislation, but it is understood as a...

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

Paschal Donohoe: The Revenue will need to make an interpretation of the law. What is a periodical and what is a newspaper is not defined in VAT legislation. I have attempted to explain the difference. It may refer to the regularity of publication. It may refer to whether it is seen to be a newspaper or a magazine. I accept there is a change between this and what was contained in the budget day...

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

Paschal Donohoe: I thank the Deputy. The VAT rating of goods and services is subject to the requirements of EU VAT law with which our law must comply. Following an agreement finalised earlier this year, the VAT directive now permits each member state to apply a zero rate to seven categories within annex III. These are categories one to six as well as category 10(c). These categories for a zero rate do not...

Written Answers — Department of Finance: Tax Code (15 Nov 2022)

Paschal Donohoe: ...Oil Tax Warehouse Return User Guide” provides details for the industry on how biofuels blended with other fuels are to be accounted for. This guide is published at www.revenue.ie/en/companies-and-charities/documents/excise/e nergy-taxes/mineral-oil-tax-warehouse-return-user-guide.pdf With regard to VAT, the VAT rating of goods and services is subject to EU VAT law, with which...

Written Answers — Department of Finance: Tax Code (15 Nov 2022)

Paschal Donohoe: ...together. Given the critical role that newspapers play in our society at both local and national level, and the very challenging environment they have to operate in, I made the decision that the VAT rate on newspapers and electronically supplied newspapers be reduced from 9% to zero from 1 January 2023. This measure has an estimated annual cost of €33m. The rate reduction is in...

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: 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...

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

Paschal Donohoe: ...2025; ‘tenant’ has the same meaning as it has in the Act of 2004; ‘tenancy’ has the same meaning as it has in the Act of 2004; ‘the 2-year period’, in relation to a qualifying premises, means the 2 years immediately following the end of the year in which the qualifying works concerned are completed; ‘VAT registration number’, in...

Ceisteanna Eile - Other Questions: Tax Collection (10 Nov 2022)

Paschal Donohoe: I thank the Deputy. We have been engaging with the European Commission, particularly in respect of the VAT directive that was introduced earlier in the year. The engagement we have had with the OECD has concentrated on other areas of taxation rather than the area to which the Deputy has referred. As I said, this is a new area of flexibility that has been granted to us. We are going to...

Ceisteanna Eile - Other Questions: Tax Collection (10 Nov 2022)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which our law must comply. As the Deputy is aware, significant changes have now occurred with regard to that. The tax strategy group, TSG, published a paper earlier this year outlining some of the options now available for Ireland and other member states to consider. I suspect the one the Deputy is most...