Results 4,621-4,640 of 32,432 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (14 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 Reliefs (14 Sep 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme (DDDPS) provides relief from VRT and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. Subject to meeting vehicle and adaptation conditions, electric vehicles can avail of DDS provisions. Under DDDPS provisions, the reliefs from VRT and VAT are generous in nature amounting to up to...

Written Answers — Department of Finance: Energy Policy (14 Sep 2022)

Paschal Donohoe: There is an energy crisis currently, affecting not only Ireland but also all of Europe, arising from the war in Ukraine which has led to volatility in energy markets, and supply constraints in the electricity market. I am well aware of the difficulties Irish households and businesses are going through arising from substantial increases in energy bills. Since the beginning of the year,...

Summer Economic Statement: Statements (14 Jul 2022)

Paschal Donohoe: I welcome the opportunity to open the debate on the summer economic statement.

Summer Economic Statement: Statements (14 Jul 2022)

Paschal Donohoe: I am sure my office will furnish one to the Dáil as soon as possible. The summer economic statement establishes the budgetary parameters for the discussions we will have in this House in advance of budget 2023. It also outlines the Government’s medium-term budgetary strategy for ensuring the public finances remain on a sustainable pathway. I will outline the context...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (14 Jul 2022)

Paschal Donohoe: This has been recognised by the Government. We have doubled the size of the tax measures that are afforded for in the summer economic statement. The Government has always recognised the role that taxation can play in helping those on low or middle wages keep the wage increases they get due to their hard work. We will in budget 2023 continue with the progress we have made and put together a...

Written Answers — Department of Finance: Departmental Data (14 Jul 2022)

Paschal Donohoe: As set out in the Summer Economic Statement, the Government will continue to work to cushion the impact of higher inflation, to deliver high-quality public services, and to ensure that the economy and public finances remain on a sustainable pathway. Detailed costings on any proposals in the area of public transport would be a matter for the Department of Transport. The funding of any such...

Written Answers — Department of Finance: Departmental Data (14 Jul 2022)

Paschal Donohoe: Based on Revenue’s latest Ready Reckoner (post-Budget 2022), the estimated yield in 2023 from the introduction of a third rate of income tax of 41%, 42%, 43% ,44% and 45% respectively on incomes above €100,000 are set out in the table below. Measure 2023 Yield *€ million Third rate of Income Tax of 41% on incomes More than...

Written Answers — Department of Finance: Departmental Data (14 Jul 2022)

Paschal Donohoe: I am advised by Revenue that the tables below set out the estimated costs and yields to the Exchequer, as appropriate, on a first and full year basis, of the policy changes outlined by the Deputy. Scenario First Year Cost €m Full Year Cost €m SRCOP* indexed at 4%.  41% rate over €100,000 200 220 ...

Written Answers — Department of Finance: Departmental Data (14 Jul 2022)

Paschal Donohoe: I wish to advise the Deputy that there are currently no staff paid by the Department of Finance who are abated, as set out under the Public Service Pensions (Single Scheme and Other Provisions) Act 2012.

Written Answers — Department of Finance: Banking Sector (14 Jul 2022)

Paschal Donohoe: I wish to highlight, as Minister for Finance, I am precluded from intervening in commercial and operational decisions in any particular bank, even one in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The bank's independence is...

Written Answers — Department of Finance: Housing Schemes (14 Jul 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 on Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act 1997 outlines the definitions and...

Written Answers — Department of Finance: Insurance Industry (14 Jul 2022)

Paschal Donohoe: Insurance reform is a key priority for this Government as evidenced by the fact that implementation of the Action Plan on Insurance Reformis overseen by the Cabinet Sub-Group on insurance reform. The second Implementation Report, which was published on 1 March 2022, shows that 80 per cent of the actions contained in the Action Planare now being delivered. The establishment of the Office to...

Written Answers — Department of Finance: Insurance Industry (14 Jul 2022)

Paschal Donohoe: As the Deputy will be aware, InsuranceLink is a data pooling system administered by Insurance Ireland for the stated purpose of fraud detection. It has been publicly announced that in response to a European Commission investigation, Insurance Ireland has provided a series of commitments to overhaul access to the InsuranceLink database, including the creation of an independent application and...

Written Answers — Department of Finance: Insurance Industry (14 Jul 2022)

Paschal Donohoe: As the Deputy will appreciate, 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). Nevertheless, this Government is continuing to prioritise...

Written Answers — Department of Finance: Insurance Industry (14 Jul 2022)

Paschal Donohoe: I propose to take Questions Nos. 287 and 288 together. 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...

Written Answers — Department of Finance: Insurance Industry (14 Jul 2022)

Paschal Donohoe: Insurance reform is a key priority for this Government as evidenced by the fact that implementation of the Action Plan on Insurance Reform is overseen by the Cabinet Sub-Group on insurance reform. The second Implementation Report, which was published on 1 March 2022, shows that 80 per cent of the actions contained in the Action Plan are now being delivered.  The establishment of the...

Written Answers — Department of Finance: Departmental Meetings (14 Jul 2022)

Paschal Donohoe: I have had the opportunity to engage with my Canadian counterpart, Minister for Finance Chrystia Freeland, on two occasions to-date in 2022. we both participated in the virtual meeting of G7 Finance Ministers and Central Bank Governors on 01 March, and most recently the meeting of G7 Finance Ministers and Central Bank Governors, which was held in Petersberg, Bonn, from 18-20 May. These...

Written Answers — Department of Finance: Tax Code (14 Jul 2022)

Paschal Donohoe: I propose to take Questions Nos. 291 and 292 together. I am advised by Revenue that the latest information on property owners’ self-assessed valuations for Local Property Tax, as at the liability date of 1 November 2021, is published online with the most recent provisional statistics following revaluation published on the 11 May 2022 and is available...

Written Answers — Department of Finance: Tax Code (14 Jul 2022)

Paschal Donohoe: I propose to take Questions Nos. 293 and 294 together. I am advised by Revenue that the information provided by property owners in the LPT return is the LPT band and not the exact valuation of the property; for example, properties valued by their owners at €1.5 million fall into the valuation band €1,487,501 - €1,575,000. Therefore, while it is not possible to provide...