Results 4,381-4,400 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Vehicle Registration Tax (29 Sep 2022)

Paschal Donohoe: Under the Finance Act 1992, Vehicle Registration Tax (VRT) is assessed on a vehicle at the time of its registration and the way the tax is computed depends on the category of vehicle involved. VRT on Category A vehicles (generally passenger cars and certain Special Utility Vehicles) is assessed based on the value of the vehicle and its emissions levels for carbon dioxide (CO2) and nitrogen...

Written Answers — Department of Finance: Tax Yield (29 Sep 2022)

Paschal Donohoe: I am advised by Revenue that data in relation to the amount of net PAYE and net PAYE USC receipts collected in the years 2020 and 2021 can be found on the Revenue website at www.revenue.ie/en/corporate/documents/statistics/receipts/ne t-receipts.pdf. For the convenience of the Deputy this information is set out in the table below, together with provisional figures for net PAYE and net PAYE...

Written Answers — Department of Finance: Tax Yield (29 Sep 2022)

Paschal Donohoe: I am advised by Revenue that traders are not required to separately identify the VAT yield across each of the different rates or their economic activity in their periodic VAT returns.  Consequently, it is not possible to determine the amount of VAT paid by businesses under the different rate categories to the Exchequer from information contained in tax returns. However, using...

Written Answers — Department of Finance: Vehicle Registration Tax (29 Sep 2022)

Paschal Donohoe: All vehicles in the State must be registered here, and Vehicle Registration Tax (VRT) is generally payable when a vehicle is being registered.  For passenger cars, the amount of VRT is based on the vehicle’s value and its CO2and NOxemissions.  The VRT calculation is not affected by whether the vehicle has been imported, or by the place of origin of the vehicle. Since the...

Written Answers — Department of Finance: Tax Reliefs (29 Sep 2022)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 (TCA 1997) provides for tax relief where an individual proves that he or she has incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which has been carried out or advised by a “practitioner”, will qualify for tax relief. Health...

Written Answers — Department of Finance: Customs and Excise (29 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 111 to 115, inclusive, together. Revenue, as Ireland’s Tax and Customs administration, is responsible for managing the importation and exportation of goods in accordance with the Union Customs Code and relevant national legislation and this includes goods being imported through the postal system. I am advised by Revenue that across the EU,...

Written Answers — Department of Finance: Insurance Industry (29 Sep 2022)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive). The Government is keenly aware of the impact that...

Written Answers — Department of Finance: Tax Code (29 Sep 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States...

Written Answers — Department of Finance: Vehicle Registration Tax (29 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 118 to 123, inclusive, together. I am assured by Revenue that it serves the community by fairly and efficiently collecting taxes and duties and implementing Customs controls and that it fosters a positive culture of ethical behaviour and effective governance to deliver this mission. I am advised that governance in Revenueis underpinned by Revenue’s...

Written Answers — Department of Finance: Departmental Consultations (28 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 121 and 122 together. Ireland signed up to the two Pillar solution to address the tax challenges brought about by the digitalisation of the economy, agreed by the OECD/G20 Inclusive Framework on BEPS, in October 2021 (the ‘OECD agreement’). The decision to join the global agreement was not taken lightly, and I firmly believe this agreement...

Written Answers — Department of Finance: Defective Building Materials (28 Sep 2022)

Paschal Donohoe: The Government decision taken on 30 November 2021 regarding the Defective Concrete Block Grant Scheme, agreed a number of actions to help address the defective blocks issue. One of those proposed actions was that a levy was to be put in place to raise in the region of €80m a year, and it is that levy to which this question refers. As I outlined in my...

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (27 Sep 2022)

Paschal Donohoe: It is an omen.

Financial Resolutions 2022 - Budget Statement 2023 (27 Sep 2022)

Paschal Donohoe: The scheme will be open to businesses that carry on a case 1 trade, are tax compliant and have experienced a significant increase in their natural gas and electricity costs. The scheme will be administered by the Revenue Commissioners and will operate on a self-assessment basis. Businesses will be required to register for the scheme and to make claims within the required time limits. It is...

Financial Resolutions 2022 - Budget Statement 2023 (27 Sep 2022)

Paschal Donohoe: -----as per the trajectory set out in the Finance Act 2020. This will mean that there will be an increase of just over 2 cent, VAT inclusive, per litre of petrol and diesel. However, I also recognise the sharp cost-of-living challenges currently faced by society. The Government is therefore proposing to help offset this carbon tax increase with a reduction to zero of the National Oil...

Financial Resolutions 2022 - Budget Statement 2023 (27 Sep 2022)

Paschal Donohoe: -----farming communities face as they deal with rising input costs while moving towards a sustainable future. A number of other important agricultural reliefs are due to expire at the end of 2022. These reliefs provide important supports to our young farmers and the farming sector generally. I will extend five agricultural tax reliefs expiring this year: the young trained farmer and farm...

Financial Resolutions 2022 - Budget Statement 2023 (27 Sep 2022)

Paschal Donohoe: I welcome the opportunity to present budget 2023 to this House. INTRODUCTION When we gathered in this Chamber for budget 2022, we were emerging from the very worst of the Covid-19 pandemic. We now face a further economic challenge. If you are an older person, you are having to spend more of your pension on heating your home. If you are looking after your family, you are now facing...

Written Answers — Department of Finance: Tax Reliefs (27 Sep 2022)

Paschal Donohoe: Section 114 of the Taxes Consolidation Act 1997 (TCA) provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. I am advised by Revenue that professional membership fees are only deductible under section 114 TCA where they are incurred wholly, exclusively and necessarily by...

Written Answers — Department of Finance: Banking Sector (27 Sep 2022)

Paschal Donohoe: Credit and Financial Institutions are obliged to identify and verify their customer’s identity on the basis of documents or information which they have reasonable grounds to believe can be relied upon to confirm the identify of the customer. This may include documents from a Government source, such as a passport or driving licence and institutions often use such documents to verify a...