Results 4,401-4,420 of 33,118 for speaker:Paschal Donohoe
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: But for the period it was in-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: I stand by the point I have made. I know that this is subject to a ruling by the German Supreme Court. I stand by the point that I have made, which is that for the period in which a rent freeze was in operation in Berlin, the number of new rental properties that were available to rent fell. I stand by that point. Independent studies of what has happened in Berlin have shown that. That is...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: The CSO data show that 75% of tenants have either employee, self-employed or director income. This gave an indication regarding the number who would be liable to receive the tax credit.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: I am informed that we have figures in relation to how many children could be in that rented accommodation. My officials tell me, however, that this information is approximately three years old. We are happy to share the information with the committee, although it will take a couple of hours for us to get it for the committee.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Yes. The CSO acknowledges that not all tenants will be captured in this analysis.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: I accept that there is extrapolation. I have explained to the Deputy the line of logic that has been used to get to the figure. However, I would not describe it as a guesstimate or guessing because this is the best source of information open to me. In any event, if we underestimated the number of tenancies that will be liable to receive the tax credit and it turns out that more than...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Tenants, yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: We have rounded the figure up to 400,000 tenants, so there is some flexibility in our costing. We acknowledge in the calculation that there are some limitations in the data available to us.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: It was 382,000.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: We just rounded up the figure to 400,000.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: I cannot second-guess the CSO. It does not have information available to indicate by what quantum that figure could be underestimated. That means I have to accept its figure and add in some rounding at the end in case there is a deficiency in our calculation.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Yes, it is the case that the advice I have received from my officials over the last number of years has pointed to the risks that are there. However, just because I reached a different view in relation to bringing in this rent credit does not mean I ignored the advice of my officials. I considered what my officials advised me in relation to this. I believed that while there is a risk of...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: The advice I have received is that this rules them out, in their official capacity as Ministers, from being able to claim the rent credit. That is our understanding.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Given the understanding of that legislation and the understanding in that phraseology as used in the past, it refers to the Minister as a holder of the official role of a Minister. This is the same language that was used in the Affordable Housing Act 2021. The language used here is consistent with previous legislation. In previous legislation at other points, in the event that a tenant was...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: I will come back to the Deputy as to whether we got the advice From the Office of the Attorney General. I will supply that information to the Deputy. In any event, because we are using the same drafting as used in the past when referring to a Minister, we are confident that no tenant would be discommoded by the current drafting.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Revenue informs me that a person will be in a position as a tenant to be able to claim the credit for 2022 by the end of January 2023.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: It is through filing their income tax return.