Results 4,641-4,660 of 32,547 for speaker:Paschal Donohoe

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

Paschal Donohoe: Ireland has signed 76 comprehensive double taxation agreements (DTAs), 73 of which are in effect. A full list of all of Ireland’s DTAs is at Table 1. The text of each DTA, together with any amending Protocols, can be found on the Revenue website under the relevant country heading. The rates of withholding tax in Ireland’s DTA’s in respect of dividend, interest and...

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 to support the recovery of the wider economy and was time bound in duration. For the years 2011, 2012 and 2013, the rate was 0.60% of the pension scheme assets. For the year 2014, the rate was 0.75% of the assets and for the year 2015, the final year of the levy, the rate was 0.15%. The levy went to fund the tax reductions...

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

Paschal Donohoe: I am advised by Revenue that there are a number of administrative and legislative provisions under which employers can support employees in working from home. Employees may incur certain expenditure in the performance of their duties working from home, such as additional heating, electricity, and broadband costs. Revenue operates a long-standing administrative practice which allows an...

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

Paschal Donohoe: Consumer price (HICP) inflation has picked up sharply over the course of this year and stood at 9 per cent in August. Almost every advanced economy in the world is in the same position, with inflation rates of 8.3 and 9.1 per cent recorded in the US and euro area respectively in August. The key driver of the elevated level of inflation at present is the sharp rise in wholesale energy,...

Written Answers — Department of Finance: Charitable and Voluntary Organisations (20 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 210 and 213 together. 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.

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

Paschal Donohoe: As the Deputy may be aware, for Capital Acquisitions Tax (CAT) purposes, the relationship between the person giving a gift or inheritance (i.e. the disponer) and the person who receives it (i.e. the beneficiary) determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. The Group A threshold (currently €335,000) applies, inter alia,...

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

Paschal Donohoe: I wish to inform the Deputy that my Department does not own any vehicles. Of the bodies under the aegis of my Department, 3 own vehicles. These are the Central Bank, the National Treasury Management Agency (NTMA) and the Office of the Revenue Commissioners, and they have advised as follows: The Central Bank is carrying out a review of its vehicles to identify electric replacements for...

Written Answers — Department of Finance: Banking Sector (20 Sep 2022)

Paschal Donohoe: Firstly, I want to welcome the respective decisions of Ulster Bank and KBC to remove certain maintenance fees. This will reduce the cost that customers may incur by potentially having two current accounts open at once during the mass migration of accounts. While I welcome these actions, as Minister for Finance, I do not have a direct function in the operations of any bank. Although the State...

Written Answers — Department of Finance: Electric Vehicles (20 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 215 to 217, inclusive, together. As the Deputy will be aware, it is a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Electric Vehicles (20 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

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

Paschal Donohoe: 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 category and the statutory requirement for the tax deduction as set out in section 114 of the Taxes Consolidation Act (TCA) 1997 is satisfied, namely, that the expenses are wholly, exclusively and necessarily incurred in the...

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

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

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

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Revenue Commissioners (20 Sep 2022)

Paschal Donohoe: I am advised by Revenue that a monthly breakdown of seizures of nitrous oxide canisters cannot be provided in the timeframe available. Revenue will respond directly to the Deputy with this information. The annual breakdown of seizures of nitrous oxide from 2019 to date in 2022 is provided in the table below: Year Number of Seizures Number of Canisters ...

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...