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

Paschal Donohoe: Recent Government policy has focused on strengthening the environmental rationale behind company car taxation. Until the changes I brought in as part of the Finance Act 2019, Ireland’s vehicle benefit-in-kind regime was unusual in that there was no overall CO2 rationale in the regime. This is despite a CO2 based vehicle BIK regime being legislated for as far back as 2008 (but never...

Written Answers — Department of Finance: Tax Code (16 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 71 and 76 together. Ireland’s taxation of fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. There are three national legislative frameworks which provide for the charging of excise duty on...

Written Answers — Department of Finance: Business Supports (16 Nov 2022)

Paschal Donohoe: I can confirm that new businesses will be eligible for the Temporary Business Energy Support Scheme. It is accepted that, in some cases, a business may not have an electricity bill or gas bill for the reference period because the energy account or gas connection either did not exist at the time, or was not held by the business during the particular reference period. This may happen where a...

Written Answers — Department of Finance: Banking Sector (16 Nov 2022)

Paschal Donohoe: On 1 August 2014, the Single European Payment Area (SEPA) Regulation came into effect for all payment service providers (PSPs) and payment service users (PSUs) in the EU. Under the SEPA Regulation, it is illegal for PSPs and PSUs to refuse to accept any SEPA International Bank Account Number (IBAN) when making or receiving payments. The legislation governing these matters is contained in EU...

Written Answers — Department of Finance: Insurance Industry (16 Nov 2022)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive). Ultimately, the conditions and factors that...

Written Answers — Department of Finance: Semi-State Bodies (16 Nov 2022)

Paschal Donohoe: My officials participate in quarterly meetings of an interdepartmental group, chaired by officials from the Department of the Environment, Climate and Communications, which also includes officials from the Department of Public Expenditure and Reform, NewERA and the CEO and senior management of An Post. My officials have also met with the CFO of An Post in April and September this year in...

Written Answers — Department of Finance: Official Travel (16 Nov 2022)

Paschal Donohoe: There have been no official visits by the Minister for Finance to County Clare since the Government took office.

Written Answers — Department of Public Expenditure and Reform: EU Data (16 Nov 2022)

Paschal Donohoe: The Department of Public Expenditure and Reform has not incurred any EU fines for failure to transpose EU Directives since the Department was established in 2011. The Department has received a notification of infringement from the Commission related to the transposition of Directive (EU) 2019/1937 on the protection of persons who report breaches of EU law. At the time the notification was...

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

Paschal Donohoe: Deputy Boyd Barrett is making an appearance in another format as well.

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

Paschal Donohoe: I thank the Deputies for their contributions. The point I was attempting to make yesterday was that I felt there was a lack of balance from the Deputies in the contributions they made in not giving some recognition to the positive role that section 481 has played in the growth of the film and audiovisual sector in Ireland and to a lot of the recent developments that have taken place. I...

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

Paschal Donohoe: To be completely precise about the expectation I have created, my Department, as opposed to me, will meet other bodies. If I started meeting representative bodies in other sectors for which I do not have direct responsibility, I would never get any work done. I have to allow Departments, such as the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media, to take the lead in policy...

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