Results 4,181-4,200 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: With regard to holiday homes, the vacant homes tax aims to address vacancy by imposing a tax on habitable residential properties that are not in use. For the purposes of the tax, it is irrelevant whether a property is considered to be a holiday home. If a holiday home is in use as a dwelling for a period of 30 days over the course of a year, there will be no liability to the vacant homes...

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

Paschal Donohoe: The phrase "in use as a dwelling" is not defined in the legislation so I will address its ordinary meaning. It will simply mean that, on a given day, with each day comprising the 24-hour period ending at midnight, a person uses the property as his or her home or main residence. Such use does not need to be on a permanent basis. This would mean that a person attends to matters such as meal...

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

Paschal Donohoe: In addition to interest charged at 8% if a chargeable person pays VHT late and a late filing surcharge of either 5% or 10%, depending on how late the filing is, the legislation also provides for the application of penalties for failures to file returns or for filing incorrect returns. A penalty of €3,000 or €5,000 would be levied, depending on the circumstances of the case....

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

Paschal Donohoe: If Revenue requests information from a property owner and that property owner does not supply it, a penalty of €100 per day will be levied, up to a maximum of €3,000.

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

Paschal Donohoe: Sorry. Would the Deputy be good enough to repeat his question to me? I got distracted there. Pardon.

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

Paschal Donohoe: We will get an answer to that question for the Deputy. I do not think we have it at the moment. I have just been asked to clarify an answer I gave the Deputy a moment ago. The €100 I referred to refers to a relevant person, and the definition of a relevant person is set out in the local property tax legislation. I just wanted to make that clear. As for the Deputy's information...

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

Paschal Donohoe: As I said, we will have to get that information for the Deputy. I cannot answer the question off the top of my head.

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

Paschal Donohoe: I came up with the 8% on the advice of my officials as to what would be an appropriate interest charge to have for the late filing of a vacant homes tax return.

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

Paschal Donohoe: I am happy to come back to the Deputy with a comparison of that charge. I will get that information for him. I go back, however, to the answer I gave a few moments ago. Looking at the total number of homes that were surveyed in the self-assessed vacant property tax project we did, there are many legitimate reasons a home could be vacant, reasons for which I believe it is appropriate not to...

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

Paschal Donohoe: If they are liable to pay local property tax, they will have to pay the vacant property tax. A homeowner here in Ireland will be liable to this tax.

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

Paschal Donohoe: Revenue is able to do that with the application of the local property tax. If any agency is capable of ensuring that somebody living in Boston who is liable to pay this tax does so, it is Revenue. I am absolutely confident in its ability to have the reach needed to collect tax from people who should pay this tax but who might not live in Ireland.

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

Paschal Donohoe: I expect that in those circumstances it would not be liable for vacant property tax, VPT because those kinds of properties - in my experience in Dublin Central, for example - tend not to have their own individual entrance or there tends to be difficulties with their compliance with fire safety legislation which mean they are not habitable. That is why the initiative the Minister, Deputy...

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

Paschal Donohoe: I ask the Deputy to bear with me. I am just getting the dates again. Payment in respect of the chargeable period is due on 1 January 2024. The self-assessment return is due on 7 November, but the chargeable period has already begun. The chargeable period, as the Deputy will know, is separate from when the payment is due. I am sorry; the Deputy asked me a final question on that that I...

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

Paschal Donohoe: We will have it by 7 November 2023 at the latest because that is when owners will be required to provide self-assessment to Revenue. Given it is possible some self-assessment is likely to happen and returns may come in October 2023, it may be some time after that before we get the full picture. I imagine the window from November 2023 to early 2024 will be the period in which the full...

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

Paschal Donohoe: Local property tax information is available on a county basis. I will check with my colleagues to see if it is available on a more granular level. I am informed it should be possible, on an anonymised basis, to get the information on a more granular level than just by county. I have little doubt, given international experience indicates this tends to be concentrated in particular cities,...

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

Paschal Donohoe: The amount of resources we make available to the Revenue Commissioners increases nearly every year. I am always delighted to provide this increase in resources and to meet as much of Revenues budgetary needs as I can that it asks of the Department of Finance. Revenue will have the resources that are needed to implement this. I do not have a breakdown of the additional resources needed to...

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

Paschal Donohoe: That matter is normally dealt with by the Secretary General of my Department, in dealing with the chairman of the board of the Revenue Commissioners. However, I engage regularly with the chairman and I have little doubt, if he were short of resources to do all this, he would tell me directly. I expect, and am confident, that we have met the resourcing needs for this tax, and any other...

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

Paschal Donohoe: I hear the case that is being put forward by Deputy Matthews that the penalty we have been discussing should be increased to €10,000. I will make the same general point back to the Deputy: just as he might wish that the rate should be higher, I believe the tripling of it, as we have at the moment, is capable of making a difference. The same difference exists in respect of the charge...

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

Paschal Donohoe: The initial response of Revenue is that that would not meet with the definition of actively selling a property.

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

Paschal Donohoe: I am sure the Revenue will have to issue guidance on all of this.