Results 4,541-4,560 of 32,432 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Credits (20 Sep 2022)

Paschal Donohoe: I am advised by Revenue that a review of the tax record of the person concerned has been undertaken and the correct tax credits, standard rate band and Universal Social Charge (USC) allocations have been applied to the current employment, on a cumulative basis as requested. The person concerned will be able to see the adjustment on the amended Tax Credit Certificate (TCC) which issued...

Written Answers — Department of Finance: Energy Prices (20 Sep 2022)

Paschal Donohoe: I am advised by Revenue that excise duties levied on mineral oils, electricity and natural gas are not an ad-valorem tax. Mineral Oil Tax, Electricity Tax and Natural Gas Carbon Tax are specific taxes determined on the volumes supplied not on sales prices. In this regard, capping energy prices, as described by the Deputy, in respect of petrol, diesel, electricity, natural gas and oil...

Written Answers — Department of Finance: Tax Yield (20 Sep 2022)

Paschal Donohoe: I am informed by Revenue that the estimated yield of increasing the rate of Life Assurance Exit Tax can be found in Revenue’s Ready Reckoner which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis tics/ready-reckoner/index.aspx. While the exact rate change specified by the Deputy is not shown, these can be estimated on a straight-line...

Written Answers — Department of Finance: Departmental Meetings (20 Sep 2022)

Paschal Donohoe: I have had the opportunity to engage with my Canadian counterpart, Minister for Finance Chrystia Freeland, on a number of occasions to date in 2022. These include virtual meetings of G7 Finance Ministers and Central Bank Governors in March and September, as well as the in-person meeting which was held in Petersberg, Bonn, from 18-20 May. While my participation at meetings of G7 Finance...

Written Answers — Department of Finance: Pension Levy (20 Sep 2022)

Paschal Donohoe: As the Deputy is aware the pension fund levy was introduced in 2011 in the wake of the financial crash and at a time when the economy was in serious difficulties. All sectors of the economy had to contribute to the recovery plan and the levy was designed to claw back a small amount of the very generous tax reliefs that those contributing to pension arrangements had benefited from over many...

Written Answers — Department of Finance: Tax Code (20 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 Budget decision.

Written Answers — Department of Finance: Animal Welfare (20 Sep 2022)

Paschal Donohoe: Revenue is the competent authority with responsibility for ensuring that imports and exports of all goods into the State are conducted in line with customs and other sectoral legislation. In this regard they act in an agency capacity to assist other State Agencies in the implementation of numerous pieces of sectoral legislation relating to the movement of live animals. This may include, at...

Written Answers — Department of Finance: Departmental Reports (20 Sep 2022)

Paschal Donohoe: There is continued monitoring of tax related issues by my Department. Over the course of each year, a number of reviews of tax expenditures and other tax related matters are carried out by, or on behalf of, the Department of Finance. These may be used to ascertain whether existing tax measures should be amended, continued, extended or ended, or to otherwise review or assess certain taxes...

Written Answers — Department of Finance: Insurance Industry (20 Sep 2022)

Paschal Donohoe: I note that the question refers to a particularly sensitive issue concerning applications for mortgage protection insurance for those who previously have had certain mental health conditions. It is my understanding that generally insurers use a combination of rating factors in making their individual decisions on whether to offer cover and what terms to apply. These can include: age; health;...

Written Answers — Department of Finance: Tax Code (15 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 Finance Act 2019 Ireland’s vehicle benefit-in-kind regime was unusual in that there was no overall CO2rationale in the regime, despite a CO2based vehicle BIK regime being legislated for as far back as 2008 (but never having...

Written Answers — Department of Finance: Tax Code (15 Sep 2022)

Paschal Donohoe: The Help to Buy 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 on Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in Section 477C Taxes Consolidation Act 1997. An increase in the supply of new housing remains a...

Written Answers — Department of Finance: Primary Medical Certificates (15 Sep 2022)

Paschal Donohoe: Following the resignation of all members of the previous Disabled Drivers Medical Board of Appeal, effective from 30th November 2021, two Expression of Interest campaigns have been held, seeking suitable candidates for the Board. The Department of Health leads on all actions and tasks with respect to the Expression of Interest Campaigns. Department of Finance officials provide support to the...

Written Answers — Department of Finance: Commissions of Investigation (15 Sep 2022)

Paschal Donohoe: I am advised that the Deputy has clarified that the report referred to in this parliamentary question is the Commission of Investigation’s First Interim Reportof November 2015, and not the Final Report of the Commission of Investigation published by An Taoiseach on 7 September 2022. While this matter was raised by the Commission of Investigation in its First Interim report, as set out...

Written Answers — Department of Finance: State Savings Schemes (15 Sep 2022)

Paschal Donohoe: The National Treasury Management Agency (NTMA) who manages State Savings have informed me that, State Savings products are offered by the Minister for Finance acting through the NTMA pursuant to the powers conferred on the NTMA by the National Treasury Management Agency Act 1990 and the National Treasury Management Agency Act 1990 (Delegation of and Declaration as to Functions) Order 1990...

Written Answers — Department of Finance: Budget 2023 (15 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decision.

Written Answers — Department of Finance: Tax Data (15 Sep 2022)

Paschal Donohoe: I am advised by Revenue that the amount of excise tax collected in each quarter of 2020 and 2021 and for the first half of 2022 is shown in the following table. Excise Receipts by Quarter Year Quarter Excise €m 2020 Q1 1,377.5 Q2 1,081.8 Q3 ...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (15 Sep 2022)

Paschal Donohoe: I am advised that the Special Liquidators have commenced a review of the matters outlined in the PQ. However, these issues relate to a period when the Special Liquidators were not involved with IBRC and no corporate knowledge remains available to the Special Liquidators. As this task will require in-depth analysis of historical records, it will be necessary for the SLs to redirect resources...

Written Answers — Department of Finance: Tax Data (15 Sep 2022)

Paschal Donohoe: I am advised by Revenue that it is not possible to separately identify the profits associated with the residential building sector from other construction industry profits and, therefore, it is not possible to provide an accurate estimate of the potential revenues from a levy on these profits. Imposing additional taxes on certain economic sectors would involve increased complexity in...

Written Answers — Department of Finance: Departmental Staff (15 Sep 2022)

Paschal Donohoe: I wish to advise the Deputy of the following details, as requested in respect of employees in my Department in receipt of Special Leave with Pay for Covid-19: - Number of employees in receipt of this payment up to 1st July 2022 was 77. - There were no employees in receipt of this payment for an extended period of 12 weeks or more. - Number of employees in receipt of this payment since 1st...

Written Answers — Department of Finance: Budget 2023 (15 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decision.