Results 4,161-4,180 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Clearance Certificates (8 Nov 2022)

Paschal Donohoe: As the Deputy is aware, the 31 October deadline for submitting paper Self-Assessed Income Tax returns is well established, as is the annual extended deadline to on or around 16 November each year for filing and paying online. Those self-assessed customers who, according to Revenue records, require a paper Form 11, receive their Form well in advance of the Pay & File deadline and I can...

Written Answers — Department of Finance: Tax Code (8 Nov 2022)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. The RZLT is designed to prompt residential development by landowners, including farmers, of land that is zoned for residential or mixed-use (including residential) purposes and that is serviced. RZLT is an annual tax, calculated at a rate of 3% of the market value of the land within...

Written Answers — Department of Finance: Tax Code (8 Nov 2022)

Paschal Donohoe: I am advised that Revenue favours a practical and conciliatory approach to both Stage 1 and Stage 2 VRT Appeals which results in an early resolution for the majority of cases without recourse to an Appeal Hearing. The following tables summarise the outcomes of closed VRT Appeals for the years in question, where available. Stage 1 Appeals: Year No. of Second-hand...

Written Answers — Department of Finance: Departmental Data (8 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 263 and 264 together. I am advised by Revenue that the licensing period for Intoxicating Liquor Licences runs from 1 October to 30 September in respect of Liquor Retailer On Licences, Liquor Retailer Off Licences and Liquor Manufacturers Licences. The licensing period for Liquor Wholesale Dealer Licences runs from 1 July to 30 June. Where both a Retailer Off...

Written Answers — Department of Finance: Tax Collection (8 Nov 2022)

Paschal Donohoe: I am advised by Revenue that it is not possible to provide the breakdown requested based on receipts, instead the data provided relates to tax liabilities. I am further advised that the tax liabilities of non-resident taxpayers are based on their total income, which may include rental income as a component. The data below represents the tax liabilities of taxpayers who submitted a Form 11 tax...

Written Answers — Department of Finance: Tax Reliefs (8 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 267 and 268 together. Ireland’s legislation on the registration of vehicles and vehicle registration tax (VRT) is contained in Sections 130 to 144A of the Finance Act 1992, as amended, together with various Vehicle Registration and Taxation Regulations made under that Act. The legislation is based on EU law in respect of type-approval and...

Written Answers — Department of Finance: Departmental Data (8 Nov 2022)

Paschal Donohoe: The Central Bank of Ireland publishes statistics on mortgage arrears and repossessions on a regular basis. The latest available data, which is in respect of the end of June 2022, shows the following: -  in respect of primary dwelling houses, 146 were in the possession of banks and 209 were in the possession of other Central Bank regulated entities at that time, giving a total of 355...

Written Answers — Department of Finance: House Prices (8 Nov 2022)

Paschal Donohoe: Through the implementation of the Housing for All strategy, the Government plans to increase the supply of housing to an average of 33,000 per year over the next decade. This is an ambitious plan which will provide increased housing supply and affordability. While the plan is backed by unprecedented State investment, the Government cannot deliver on this programme alone....

Written Answers — Department of Finance: Tax Code (8 Nov 2022)

Paschal Donohoe: The Deputy should note that the VAT registration thresholds are subject to the requirements of EU VAT law, with which Irish VAT law must comply. Our VAT thresholds were increased to their current values, €37,500 for services and €75,000 for goods, on 1 May 2008.  Under VAT law, traders/businesses such as B&B’s are required to register and account for VAT...

Written Answers — Department of Finance: Departmental Schemes (8 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 272 and 273 together. I am aware of the Ombudsman report and its findings, particularly in relation to the Disabled Drivers & Disabled Passengers Scheme, which provides relief from Vehicle Registration Tax and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to...

Written Answers — Department of Finance: Interest Rates (8 Nov 2022)

Paschal Donohoe: The European Central Bank is independent in the formulation and implementation of monetary policy and, as the Deputy is aware, in its efforts to combat inflation it has increased official interest rates in recent months.  These recent monetary policy decisions will influence the level of interest rates in the economy more generally, including the interest rate charged by lenders for...

Written Answers — Department of Finance: Tax Code (8 Nov 2022)

Paschal Donohoe: For the purposes of capital acquisitions tax (CAT), the relationship between the person who provides a gift or inheritance (the disponer) and the person who receives it (the beneficiary) determines the tax-free threshold (Group Threshold) below which CAT does not arise. Any prior gift or inheritance received by a person since 5 December 1991 from within the same Group Threshold is aggregated...

Written Answers — Department of Finance: Pension Levy (8 Nov 2022)

Paschal Donohoe: I assume the pensions levy the Deputy is referring to is the levy which was charged on pension schemes from 2011 to 2015 in accordance with section 125B of the Stamp Duties Consolidation Act 1999.  The levy was introduced in the wake of the financial crash, at a time when the economy was in very serious difficulties.  It was charged on the market value of assets in pension...

Written Answers — Department of Finance: Departmental Reports (8 Nov 2022)

Paschal Donohoe: I acknowledge the request for a specific TSG report from 1998, made by the Deputy in the referenced Parliamentary Question.  This report has now been retrieved by my officials from file storage and has been forwarded directly to the Deputy.

Written Answers — Department of Finance: Banking Sector (8 Nov 2022)

Paschal Donohoe: The Government is acutely aware of the cost pressures facing households and firms. That is why Budget 2023 is a ‘Cost of Living’ Budget, built around interventions aimed at reducing the impact of inflation. In relation to bank charges specifically, I want to welcome the respective decisions of Ulster Bank and KBC to remove certain maintenance fees as they move to exit...

Written Answers — Department of Finance: Tax Code (8 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 281, 282, 286 and 293 to 295, inclusive, together. 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...

Written Answers — Department of Finance: Financial Services (8 Nov 2022)

Paschal Donohoe: There are a number of legal and regulatory requirements governing the provision of mortgage credit to a consumer. The primary aim of the Central Bank macro prudential mortgage lending measures is to prevent the emergence of an unsustainable relationship between credit and house prices, and also to support the resilience of lenders, borrowers and the broader economy. These measures,...

Written Answers — Department of Finance: Departmental Bodies (8 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: Tax Code (8 Nov 2022)

Paschal Donohoe: As I outlined in a recent response to the Deputy, the Government decided upon the introduction of the Local Property Tax (LPT), that a liability to the tax should apply to all owners of residential properties with a limited number of exemptions and no deductions. Limiting the exemptions available allows the rate to be kept low for those liable persons who do not qualify for an exemption. ...

Written Answers — Department of Finance: Budget 2023 (8 Nov 2022)

Paschal Donohoe: As the Deputy is aware, my Department’s analysis of the distributional impact of Budget 2023 is calculated on a nominal basis. It compares a baseline scenario of no-policy change against a reform scenario solely incorporating the budgetary policy changes. As such, it examines the discrete impact of the tax and welfare measures announced in the Budget. On this basis, lone parents...