Results 4,401-4,420 of 32,547 for speaker:Paschal Donohoe

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

Paschal Donohoe: I am advised by Revenue that Carbon Tax receipts for each of the years since its introduction in 2010 up to 2021 are published on the Revenue website at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx. I am further advised that receipts raised from Carbon Tax specific to glasshouse...

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

Paschal Donohoe: I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods or services in their periodic VAT returns. Therefore, it is not possible to provide an estimate of the amount of VAT raised from non-oral animal medicines and vaccines.

Written Answers — Department of Finance: Tax Code (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. The flat rate expense (FRE) regime is operated by Revenue on an administrative basis where both a specific commonality of expenditure exists across an employment...

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

Paschal Donohoe: I propose to take Questions Nos. 114, 119 and 124 together. At the outset, the Deputy should note that 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...

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

Paschal Donohoe: Finance Act 2012 introduced section 664A of the Taxes Consolidation Act 1997 which provides that a farmer may take an income tax or corporation tax deduction for farm diesel (including any carbon tax charged in respect of diesel) and then a further deduction for farm diesel which is equal to the difference between the carbon tax charged and the carbon tax that would have been charged had it...

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

Paschal Donohoe: In line with the Programme for Government commitment on carbon tax policy, Finance Act 2020 legislates for annual increases in the rate of carbon tax out to 2030.Finance Act 2020 sets out the specific rate impacts and date of impact for each affected fuel and is available online : Finance Act 2020 , Section 27 (irishstatutebook.ie). As the Deputy will be aware, it is a long-standing practice...

Written Answers — Department of Finance: Budget 2023 (27 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision. The correspondence submitted by the Deputy has been reviewed as part of the pre-budget process.

Written Answers — Department of Finance: Pension Levy (27 Sep 2022)

Paschal Donohoe: Currently, private pension holders are not required to pay a pension levy. An annual levy 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...

Written Answers — Department of Finance: Enterprise Support Services (27 Sep 2022)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) was a key component of the Government’s response to the Covid-19 pandemic. It was an emergency measure to support employment and maintain the link between employers and employees. Notwithstanding the current challenges facing some businesses associated with high energy costs, the present circumstances are different to those in place when the...

Written Answers — Department of Finance: Energy Conservation (27 Sep 2022)

Paschal Donohoe: The Deputy may be aware that the tax code already provides an incentive to encourage businesses to invest in energy efficient equipment. The Accelerated Capital Allowance (ACA) scheme for Energy Efficient Equipment (EEE) is provided for in Section 285A of the Taxes Consolidation Act 1997. The ACA scheme for EEE allows taxpayers to deduct the full cost of expenditure on eligible equipment from...

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

Paschal Donohoe: I propose to take Questions Nos. 122 and 126 together. The query is referring to the implementation of the new rules applying to the calculation of benefit-in-kind in respect of employer provided vehicles to employees, for the tax year 2023 and subsequent years. Broadly, new rates of benefit-in-kind will apply to the provision of a company car, from 1 January 2023, which among...

Written Answers — Department of Finance: Legislative Measures (27 Sep 2022)

Paschal Donohoe: The National Treasury Management Agency (NTMA) who manages State Savings have informed me that, under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended, designated bodies, such as An Post and the Prize Bond Company, are required by law to comply with anti-money laundering requirements and verify all customers’ identities. State Savings products are...

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

Paschal Donohoe: The Office of the Financial Services and Pensions Ombudsman (FSPO) has advised me that as of 19 September 2022, the FSPO has an approved staff complement of 90.2, with 2.6 vacancies. This number of vacancies takes account of contracts due to commence, including that of the Financial Services and Pensions Ombudsman, commencing on 1 December 2022. The current vacancies are at Higher Executive...

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

Paschal Donohoe: At the outset, the Deputy should note that 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 despite a CO2 based vehicle BIK regime being...

Written Answers — Department of Finance: Housing Schemes (27 Sep 2022)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. I am advised by Revenue that annual statistics on the Help to Buy...

Written Answers — Department of Finance: Departmental Reviews (27 Sep 2022)

Paschal Donohoe: I can advise the Deputy of the costs, including estimates where relevant, and the bodies conducting the live studies, reviews and research projects in my Department as follows: Live studies, reviews and research projects Cost (Ex-VAT) Conducted by External review of Help to Buy Scheme €64,300 Mazars -Working...

Written Answers — Department of Finance: Revenue Commissioners (27 Sep 2022)

Paschal Donohoe: Employment classification is a complex area and there is no single clear definition of the terms ‘employed’ or ‘self-employed’ in Irish or EU law. As a matter of clarification, questions of employment versus self-employment status impact the work of three different Government bodies. The Department of Social Protection (DSP) has responsibility for the PRSI system...

Written Answers — Department of Finance: Departmental Data (27 Sep 2022)

Paschal Donohoe: I am advised by Revenue that the available information in relation to section 604A Capital Gains Tax relief is published at: www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/relief-on-disposal-of-certain-land-or-buildings.pdf. The latest available year is 2020. Tax returns do not detail the individual properties disposed of, or the gains on these disposals. However, the...

Written Answers — Department of Finance: Flexible Work Practices (27 Sep 2022)

Paschal Donohoe: The Government recognises the impact rising prices have had on households and businesses across the country and has taken significant action. Some €2.4 billion in cost of living measures has been announced since last October. Looking ahead, the Government will continue to address these challenges head on. Budget 2023 will be a ‘Cost of Living Budget’ and will build on the...

Written Answers — Department of Finance: State Bodies (27 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 133 and 134 together. 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...