Results 4,221-4,240 of 32,432 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Meetings (5 Oct 2022)

Paschal Donohoe: Over the period, from the beginning of June 2020 until the end of September 2022, that the Deputy’s question refers to, there have been a total of 48 meetings with the Governor of the Central Bank of Ireland and both myself, as Minister for Finance, and the Secretary General of the Department. I have met with the Governor on 23 occasions during that period and the Secretary General has...

Written Answers — Department of Finance: Financial Services (5 Oct 2022)

Paschal Donohoe: I note the report referred to by the Deputy. In relation to mortgage lending, there are a number of legal and regulatory requirements governing the provision of mortgage credit to consumers. These are primarily designed to ensure that such credit is suitable and affordable for the consumer. For example, the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 requires...

Written Answers — Department of Finance: Departmental Staff (5 Oct 2022)

Paschal Donohoe: My Department launched it's Blended Working Policy on 1st July 2022. The policy was developed in line with the parameters of the Civil Service Blended Working Policy Framework. The office remains the principle workplace and blended working arrangements are agreed at a local level in each business unit. A key principle of the policy is that we ensure business needs are met to the highest...

Written Answers — Department of Finance: Economic Policy (5 Oct 2022)

Paschal Donohoe: Between the start of the year and the end of September, the euro depreciated by 2.6 per cent in nominal effective terms, mainly driven by a weakening against the Chinese renminbi, emerging market currencies and particularly the US dollar. However, the euro is up 5.1 per cent against the pound at the end of September. The 13.8 per cent depreciation in the euro relative to the dollar...

Written Answers — Department of Finance: Period Poverty (5 Oct 2022)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within Annex III of the Directive, in respect of which Member States may apply either one or two reduced rates of VAT. Ireland currently operates two reduced rates of VAT,...

Written Answers — Department of Finance: Financial Services (5 Oct 2022)

Paschal Donohoe: I note that the Deputy’s question refers to the “Right to be Forgotten” in the context of cancer survivors accessing certain financial services, a sensitive issue for many in our community. As the Deputy may be aware, this important policy matter is being considered at EU level. The European Commission’s 'Europe’s Beating Cancer Plan' includes an initiative...

Written Answers — Department of Finance: Departmental Contracts (5 Oct 2022)

Paschal Donohoe: I can inform the Deputy that my Department does not have any contracts, nor any that are subcontracted, with the company named. The Deputy will be aware that the ‘National Public Procurement Policy Framework’, issued by the Office of Government Procurement (OGP) in November 2019, sets out the procurement procedures to be followed by government departments and state bodies in...

Written Answers — Department of Finance: Budget 2023 (5 Oct 2022)

Paschal Donohoe: The Government is acutely aware of the cost pressures facing households and firms, especially the increase in fuel and other energy prices. Government has acted swiftly, and frequently, to address the cost of living challenge. Of course, the drivers of the inflationary environment are primarily global in their nature, and are outside the ability of any one Government to offset in their...

Written Answers — Department of Finance: Fiscal Policy (5 Oct 2022)

Paschal Donohoe: As the Deputy is aware, the Finance Bill each year contains a combination of items announced in the Budget and a number additional items which are not included in the Budget for various reasons. It is my intention to publish the Finance Bill on the 20th of October subject to the agreement of the Government in advance of that date. As the Deputy will appreciate, it would not be appropriate...

Written Answers — Department of Finance: Budget 2023 (5 Oct 2022)

Paschal Donohoe: As the Deputy will be aware, Budget 2023 included a significant personal tax package with an estimated cost next year of over €1.13 billion. The Standard Rate Cut-Off Point, which is the entry point for the higher rate of income tax, is being increased by €3,200 from €36,800 to €40,000 for a single individual (8.7% increase), with commensurate increases in the...

Written Answers — Department of Finance: Tax Collection (5 Oct 2022)

Paschal Donohoe: The Vacant Homes Tax (VHT) will share some features of the Local Property Tax (LPT) for administrative purposes. However, VHT is a separate and distinct tax with a different policy aim. The measure aims to increase the supply of homes for rent or purchase to meet demand, rather than raise revenue. Accordingly, the VHT is not expected to yield significant revenue, with estimates in the region...

Written Answers — Department of Finance: Recycling Policy (5 Oct 2022)

Paschal Donohoe: I can confirm to the Deputy that all buildings occupied by my Department and the Department of Public Expenditure and Reform have recycling arrangements in place. This arrangement has been in place for many years now. Each office within the occupied buildings are supplied with at least one recycling bin, which are collected regularly and emptied into larger commercial ‘green’...

Defective Concrete Products Levy: Motion [Private Members] (4 Oct 2022)

Paschal Donohoe: There will be ample opportunity on the part of Sinn Féin to clarify as the evening goes on. The party wants a bigger levy on the one hand but it is against this levy, which is smaller than some of the figures I heard the Opposition party members mention. I acknowledge it has a risk and that there are consequences here which will need teasing out and debate. How can Sinn Féin,...

Defective Concrete Products Levy: Motion [Private Members] (4 Oct 2022)

Paschal Donohoe: How can this party want a broader levy, which I will come to, and not also indicate that there are risks? Sinn Féin has said that it wants a bigger levy. If it does not the party will clarify that point as the evening was on. If there is a risk, however, with a levy of €80 million, how is there a smaller risk with a bigger levy? The next charge Sinn Féin makes is that...

Defective Concrete Products Levy: Motion [Private Members] (4 Oct 2022)

Paschal Donohoe: We have had two banks leave our State. In every debate on the banking sector here, I am always asked what more we can do more banks in to the country. While I can understand the attraction of levying, does the party not think there is a risk that could also be passed on? Does it not think that our ability to get more banks and more investment into our country to build more homes is not...

Defective Concrete Products Levy: Motion [Private Members] (4 Oct 2022)

Paschal Donohoe: I move amendment No. 2: To delete all words after "Dáil Éireann" and substitute the following: "notes that: — the Government continues to place the highest priority on improving Ireland's housing system and delivering more homes for all types of people with different housing needs through the Housing for All: Our Shared Future plan; — the households affected by...

Written Answers — Department of Finance: Tax Credits (4 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 213, 233, 237 and 243 together. As the Deputies are aware, on Budget Day, I announced a €500 Rent Tax Credit which it is proposed will be claimable in respect of rent paid in 2022 and subsequent years to end-2025. The intention is that, in order for a person to be in a position to claim the credit in a year : - the rent paid must be in respect of the...

Written Answers — Department of Finance: Tax Credits (4 Oct 2022)

Paschal Donohoe: As I indicated in my Budget 2023 address, approximately 400,000 persons are expected to be eligible to claim the proposed rent tax credit in 2023. As a precise figure for the number of eligible tenants for the rent credit is currently unavailable from the Residential Tenancies Board (RTB), an estimate was arrived at using the best available data, which is published by the CSO and relates...

Written Answers — Department of Finance: Tax Yield (4 Oct 2022)

Paschal Donohoe: I am advised by Revenue that a breakdown of Local Property Tax (LPT) collected for the year 2021 is available in the LPT annual report available at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/local-property-tax/lpt-stats/end-of-year-reports/local- property-tax-2021.aspx. Information in respect of the yield for 2022 is updated regularly at...

Written Answers — Department of Finance: Departmental Transport (4 Oct 2022)

Paschal Donohoe: I can confirm to the Deputy that I have not taken any domestic flights for work purposes. The figures provided in tabular form below include the number of domestic flights taken during my appointment as Minister for Finance and Minister for Public Expenditure and Reform for 2019 up to June 2020. The details of any such travel by my successor as Minister for Public Expenditure and Reform...