Results 4,081-4,100 of 33,118 for speaker:Paschal Donohoe
- 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.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Paschal Donohoe: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Paschal Donohoe: At that point, that is what we believed it would be. It has since been clarified to me that we can only change news periodicals if we move all periodicals at the same time. That cost would be €9 million to €15 million more.
- 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: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Paschal Donohoe: I am reluctant to have a debate about a particular publication. I am advised that Phoenixis not seen as a newspaper. Therefore, if it were in electronic format, it would not benefit from this.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Paschal Donohoe: I believe there is a difference between a Sunday version of a publication that appears throughout the week and a publication that appears once a week-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Paschal Donohoe: -----even though I am reluctant to be talking about individual publications, as the Deputy also is.
- 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: That is a reasonable request. If the Deputy wants, we could go into private session.