Results 4,741-4,760 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Schemes (8 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 272 and 273 together. I am aware of the Ombudsman report and its findings, particularly in relation to the Disabled Drivers & Disabled Passengers Scheme, which provides relief from Vehicle Registration Tax and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to...

Written Answers — Department of Finance: Interest Rates (8 Nov 2022)

Paschal Donohoe: The European Central Bank is independent in the formulation and implementation of monetary policy and, as the Deputy is aware, in its efforts to combat inflation it has increased official interest rates in recent months.  These recent monetary policy decisions will influence the level of interest rates in the economy more generally, including the interest rate charged by lenders for...

Written Answers — Department of Finance: Tax Code (8 Nov 2022)

Paschal Donohoe: For the purposes of capital acquisitions tax (CAT), the relationship between the person who provides a gift or inheritance (the disponer) and the person who receives it (the beneficiary) determines the tax-free threshold (Group Threshold) below which CAT does not arise. Any prior gift or inheritance received by a person since 5 December 1991 from within the same Group Threshold is aggregated...

Written Answers — Department of Finance: Pension Levy (8 Nov 2022)

Paschal Donohoe: I assume the pensions levy the Deputy is referring to is the levy which was charged on pension schemes from 2011 to 2015 in accordance with section 125B of the Stamp Duties Consolidation Act 1999.  The levy was introduced in the wake of the financial crash, at a time when the economy was in very serious difficulties.  It was charged on the market value of assets in pension...

Written Answers — Department of Finance: Departmental Reports (8 Nov 2022)

Paschal Donohoe: I acknowledge the request for a specific TSG report from 1998, made by the Deputy in the referenced Parliamentary Question.  This report has now been retrieved by my officials from file storage and has been forwarded directly to the Deputy.

Written Answers — Department of Finance: Banking Sector (8 Nov 2022)

Paschal Donohoe: The Government is acutely aware of the cost pressures facing households and firms. That is why Budget 2023 is a ‘Cost of Living’ Budget, built around interventions aimed at reducing the impact of inflation. In relation to bank charges specifically, I want to welcome the respective decisions of Ulster Bank and KBC to remove certain maintenance fees as they move to exit...

Written Answers — Department of Finance: Tax Code (8 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 281, 282, 286 and 293 to 295, inclusive, together. Recent Government policy has focused on strengthening the environmental rationale behind company car taxation. Until the changes I brought in as part of the Finance Act 2019, Ireland’s vehicle benefit-in-kind regime was unusual in that there was no overall CO2 rationale in the regime. This is...

Written Answers — Department of Finance: Financial Services (8 Nov 2022)

Paschal Donohoe: There are a number of legal and regulatory requirements governing the provision of mortgage credit to a consumer. The primary aim of the Central Bank macro prudential mortgage lending measures is to prevent the emergence of an unsustainable relationship between credit and house prices, and also to support the resilience of lenders, borrowers and the broader economy. These measures,...

Written Answers — Department of Finance: Departmental Bodies (8 Nov 2022)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides relief from Vehicle Registration Tax and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief, the applicant must hold a...

Written Answers — Department of Finance: Tax Code (8 Nov 2022)

Paschal Donohoe: As I outlined in a recent response to the Deputy, the Government decided upon the introduction of the Local Property Tax (LPT), that a liability to the tax should apply to all owners of residential properties with a limited number of exemptions and no deductions. Limiting the exemptions available allows the rate to be kept low for those liable persons who do not qualify for an exemption. ...

Written Answers — Department of Finance: Budget 2023 (8 Nov 2022)

Paschal Donohoe: As the Deputy is aware, my Department’s analysis of the distributional impact of Budget 2023 is calculated on a nominal basis. It compares a baseline scenario of no-policy change against a reform scenario solely incorporating the budgetary policy changes. As such, it examines the discrete impact of the tax and welfare measures announced in the Budget. On this basis, lone parents...

Written Answers — Department of Finance: Primary Medical Certificates (8 Nov 2022)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides relief from Vehicle Registration Tax and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The cost to the Exchequer of the scheme, (excluding Motor Tax) was €62 million in 2021 and is currently at €59m Y.T.D., reflecting reductions in fuel grant claims arising from COVID-19 travel...

Written Answers — Department of Finance: Fuel Prices (8 Nov 2022)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) set against the purchase and use of an adapted car, and for transport of a person with specific severe and permanent physical disabilities. The Scheme also provides payment of a Fuel Grant, and an exemption from Motor Tax. Certain other qualifying criteria apply in...

Written Answers — Department of Finance: Revenue Commissioners (8 Nov 2022)

Paschal Donohoe: I am advised by Revenue that the number serving in Large Cases – High Wealth Individuals Division on 1 November 2022 is as follows: Division MAC PO AP HEO FTE FTE FTE FTE Serving 1.0 7.8 37.0 23.8 Vacancies 0 ...

Written Answers — Department of Finance: Housing Schemes (8 Nov 2022)

Paschal Donohoe: Section 10 of the Affordable Housing Act 2021 sets out the Government's "fresh start" principle, which provides for certain exceptions to the eligibility criteria for affordable dwelling purchase arrangements. These are, where the person applying: - had previously purchased/built a dwelling as part of a marriage/civil partnership/intimate and committed relationship that has now ended,...

Written Answers — Department of Finance: Banking Sector (8 Nov 2022)

Paschal Donohoe: As the Deputy may be aware, my Department published a paper in December 2019 by Indecon Consulting on an Evaluation of the Concept of Community Banking in Ireland. This was a follow on to a previous paper on Local Public Banking published by my Department in 2018. The Indecon report concluded that there is no business case for the State to establish a community banking system in Ireland,...

Written Answers — Department of Finance: Post Office Network (8 Nov 2022)

Paschal Donohoe: The role of the Department of Finance in relation to the provision of financial services by the post office network relates primarily to payment services. As Minister for Finance, I have authorised An Post to provide these services under the Postal and Telecommunications Services Act 1983 (Section 67) Order 2016. An Post is a body under the aegis of the Department of the Environment, Climate...

Written Answers — Department of Finance: Departmental Staff (8 Nov 2022)

Paschal Donohoe: I wish to advise the Deputy that one staff member from my Department has attended this Programme in 2021. This staff member is on secondment from another organisation. As a result my Department paid only one third of the cost with the parent organisation paying the balance. Details are set out in the table below: No. of Officials Grade Cost 1 ...

Written Answers — Department of Finance: Vehicle Registration Tax (8 Nov 2022)

Paschal Donohoe: In the absence of the details of the person/vehicle concerned Revenue cannot give a definitive answer. However, Revenue has advised that since the withdrawal of the United Kingdom (UK) from the European Union (EU) on 31 December 2020, the importation of a motor vehicle from the UK (excluding Northern Ireland (NI)) is treated as an import from a third country, i.e., a non - EU Member State....

Written Answers — Department of Finance: Student Accommodation (8 Nov 2022)

Paschal Donohoe: As announced in Budget 2023 and provided for in Finance Bill 2022, an income tax credit of €500 per year will be available to each tenant in an RTB registered private tenancy agreement, rent-a-room/"digs" arrangements, student accommodations and licence arrangements where the renter pays sufficient rent. Rent paid of €2,500 in a tax year will be sufficient to avail of the...