Results 4,721-4,740 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Real Estate Investment Trusts (14 Sep 2022)

Paschal Donohoe: Section 23 of the Finance Act 2016 introduced the Irish Real Estate Fund (IREF) tax regime to address concerns raised regarding the use of collective investment vehicles by non-residents to invest in Irish property. An IREF is an investment undertaking where 25% or more of the value of that undertaking is made up of Irish real estate assets. IREFs are required to deduct a 20% withholding tax...

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

Paschal Donohoe: I am advised by Revenue that, due to its obligation to protect taxpayer confidentiality, as provided for in section 851A of the Taxes Consolidation Act 1997, it is not possible to provide details of the tax payments requested by the Deputy. I am informed by the Department of the Environment, Climate and Communications, that other monies are collected by the Minister for the Environment,...

Written Answers — Department of Finance: Budget 2023 (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. The correspondence provided by the Deputy will considered as a pre-budget submission.

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

Paschal Donohoe: Section 865 Taxes Consolidation Act 1997 (TCA) provides a general right to repayment of tax where a person has paid tax which is not due. Section 865(4) TCA provides that that right is subject to the making of a claim within a statutory limit of four years after the end of the chargeable period to which the claim relates. That statutory limit is binding on Revenue as well as on taxpayers....

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

Paschal Donohoe: The general rule is that social welfare payments are taxable and exemption from taxation usually occurs only in cases where the payment in question is a mean-tested payment. Maternity benefit is not a means-tested payment.

Written Answers — Department of Finance: Departmental Staff (14 Sep 2022)

Paschal Donohoe: My Department launched it's Blended Working Policy on 1st July 2022. The policy was developed in line with the parameters of the Civil Service Blended Working Policy Framework. The office remains the principle workplace. Blended working arrangements are agreed at a local level in each business unit. A key principle of the policy is that we ensure business needs are met to the...

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

Paschal Donohoe: I am advised by Revenue that the estimated first and full year yields to the Exchequer of the additional Income Tax bands outlined by the Deputy are €2.0bn and €2.6bn, respectively. This costing is indicative and has been prepared on the assumption that the new bands outlined would apply to all taxpayers equally regardless of their married or civil partnership status.

Written Answers — Department of Finance: Revenue Commissioners (14 Sep 2022)

Paschal Donohoe: I am advised by Revenue that it currently operates 26 detector dog teams, including one team working on behalf of the Department of Agriculture, Food and the Marine. The year one cost of each additional detector dog team is approximately €100,000. This includes the cost of a trained detector dog, salary of the handler, training for the handler with the dog, transport, and kennelling...

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

Paschal Donohoe: As the Deputy is aware, there is a Revenue administrative practice in place that allows employers to pay a tax-free amount of €3.20 per day to employees who work remotely and satisfy certain conditions. As this payment is made tax free, details of the number of employees involved is not available. As such, I am advised by Revenue that it is not possible to provide an estimated cost to...

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

Paschal Donohoe: I am advised by Revenue that landlords are generally required to register details of their residential tenancies with the Residential Tenancies Board (RTB) but certain types of dwellings can be excluded from registration. The onus is on a landlord to ascertain whether s/he is excluded from the requirement to register tenancies. The excluded types of dwelling are listed under section 3 of the...

Written Answers — Department of Finance: Departmental Policies (14 Sep 2022)

Paschal Donohoe: The Disabled Drivers and 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. To qualify for a Primary Medical Certificate (PMC) an applicant must be permanently and severely disabled, and satisfy at least one of six specific medical criteria.. The PMC is issued by the relevant Senior Medical...

Written Answers — Department of Finance: Tax Rebates (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: Energy Prices (14 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 171 and 172 together. 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 cause of the higher level of inflation at...

Written Answers — Department of Finance: Cost of Living Issues (14 Sep 2022)

Paschal Donohoe: Consumer inflation (HICP) has risen sharply over the first half of 2022 and remained at exceptionally high levels. In August, annual inflation stood at 8.9 per cent. Rising price pressures are of course not unique to Ireland with most advanced economies experiencing similar price pressures. In the euro area inflation reached a record 9.1 per cent in August. The pandemic initially had a...

Written Answers — Department of Finance: Housing Schemes (14 Sep 2022)

Paschal Donohoe: Supporting people to buy their first home is a key priority for this Government. To support this aim, the Help to Buy (HTB) assists 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 (DIRT) paid in the State over the previous four years, subject to limits. I understand the...

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...