Results 4,121-4,140 of 32,547 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: The Finance Bill deals with the taxation of these payments.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: The Minister for Children, Equality, Disability, Integration and Youth, yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: No. This just deals with the taxation status of the payments.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: Yes, it will. We are simply making clear that we are providing the legal framework that when the payments are made, they will be exempt from income tax, USC and PRSI. If the Minister for Children, Equality, Disability, Integration and Youth were to decide that another cohort deserved payments beyond 30 September 2022, those would also be tax free.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: In fairness, the Minister for Children, Equality, Disability, Integration and Youth is also making clear that the Minister has the ability to review the cut-off date. I do not have the detail with me today regarding the justification for that date, but it is clear that it can be reviewed. I offer full assurance to members of the committee regarding how this issue is being dealt with in the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I move amendment No. 5: In page 11, line 6, after “section 19” to insert “or 32”. Section 4 provides for an exemption from income tax for the Covid-related layoff payment, which is a payment to employees who were made redundant and who lost the opportunity to accrue reckonable service due to layoffs caused by the public health restrictions during the period 13...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I will deal with the Deputy's three questions. The statutory payment is tax-exempt. On the eligibility criteria, the payment will apply to workers who have been made redundant or who will be made redundant in the next three years and who lost the opportunity to accrue reckonable service due to layoffs caused by the Covid-19 restrictions from 13 March 2020 to 31 January 2022. The amount an...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: It is €10 million.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: No, €10 million was made available for the scheme and €901,846 has been released.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I am not sure whether I am going to be able to do justice to all the issues that were raised in the remaining time.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I will just make three points in response to the issues raised, and I will confine them to what was said about the help-to-buy scheme before I get onto broader housing issues. The total proportion of house transactions, for the last year I have available to me, 2021, that were covered by help-to-buy was approximately 13%, up from 12.7% in 2020. I do not accept that a scheme that covers such...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: Of course.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I am very happy to meet Deputies who I believe might actually vote for the budget or engage with me in a fair-minded manner. I do not believe Deputy Mattie McGrath-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: As I have been very happy to do, I have met many other Deputies in the context of budget votes to determine whether I could gain their support. However, as I said to the Vice Chairman, Deputy Mattie McGrath, despite his best efforts-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I do appreciate that people want a quick outcome and that many of them are really worried about the future of their homes. The issue is being moved along as quickly as it can be. These are hugely complex matters with, yet again, huge amounts of money on which the State must make a decision. I am very much aware of the debate that we have just had on mica, and all of the issues that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: I understand the reason for the difference that Deputy Farrell has referred to is that there was Supreme Court case, Hyland v. Minister for Social Welfare, that has led to a change in the treatment of non-married cohabiting couples in the social welfare code. I understand that the court ruled that it was unconstitutional for the total income that a married couple received in social welfare...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: It deals with income tax, USC and PRSI. The nature of the payment, who receives it and over what time are not matters contained in the Finance Bill or matters for which I have individual responsibility in the Finance Bill. Of course, I have such responsibility collectively as a member of Government. I understand that in the original legislation that provides the framework for these...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: Yes, but as I said, it is available across the next three years. It could be the case that there are people who are yet to be made redundant. When they are made redundant their entitlements will have been reduced due to the impact of the Covid restrictions, so that amount could yet be drawn down in the time ahead. Of course, it is a demand-led scheme. The costing of these things can...

Written Answers — Department of Finance: Departmental Staff (9 Nov 2022)

Paschal Donohoe: I wish to inform the Deputy that, the Dept. of Finance currently has 20 Officers seconded out, with one officer in receipt of Higher Duty/Acting allowance. In this instance, the allowance is pensionable. No Officer currently has been seconded for more than 10, 20 or 30 years.

Written Answers — Department of Finance: Revenue Commissioners (9 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 28 to 30, inclusive, together. Revenue has recently written to over 300,000 individuals who, based on the information available to Revenue, may have overpaid or underpaid tax in some or all of the years 2019 to 2021 inclusive. These letters provide a preliminary tax position, advising the recipients to submit a tax return to claim any additional tax credits or...