Results 4,741-4,760 of 32,432 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (13 Jul 2022)

Paschal Donohoe: As indicated in the Budget speech of 12 October 2021, it is planned to bring forward legislative provisions in Finance Bill 2022 to introduce a 50% excise relief to micro producers of cider. However, as Article 13a of the relevant EU legislation (2020/1151) is structured differently to what is already permitted for small beer producers (under Article 4), the existing relief in Irish...

Confidence in Government: Motion (12 Jul 2022)

Paschal Donohoe: What are the Deputy's plans?

Confidence in Government: Motion (12 Jul 2022)

Paschal Donohoe: I missed that.

Confidence in Government: Motion (12 Jul 2022)

Paschal Donohoe: As a Government, we acknowledge there is much to do. We acknowledge there is much progress that we need to make in the rest of our mandate. However, in putting forward the motion, we also make the case for what we have achieved and delivered during two years of unprecedented challenge. Our country faced record levels of unemployment at a time when the world was grappling with a...

Confidence in Government: Motion (12 Jul 2022)

Paschal Donohoe: I listened carefully to what Deputy McDonald had to say. She talked about the need to change. In the 15 minutes afforded to her, she proposed one solution. What was that solution?

Confidence in Government: Motion (12 Jul 2022)

Paschal Donohoe: It was tax credit. Anyone in this country looking for change and radical reform will not find it in the speech delivered by Deputy McDonald. What was also conspicuously lacking in that speech was what was not mentioned. There was no mention of Covid, the war in Ukraine, the economy and the value of jobs, and, shamefully, Brexit. That kind of approach might work when leading an...

Written Answers — Department of Finance: Insurance Coverage (12 Jul 2022)

Paschal Donohoe: I wish to advise the Deputy that NAMA does not own properties, rather NAMA owns loans for which the properties act as security. The properties are owned and controlled by their registered owners, or appointed receivers in the event of enforcement. The Receiver is an agent of the debtor, not NAMA. The referenced property is a private residential development consisting of a number of...

Written Answers — Department of Finance: Tax Yield (12 Jul 2022)

Paschal Donohoe: I am advised by Revenue that Carbon Tax receipts by commodity for the years 2010 to 2020 are published on the Revenue website at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx. I am further advised that the amounts raised through the Carbon Tax in 2021 and provisionally to the end of June...

Written Answers — Department of Finance: Primary Medical Certificates (12 Jul 2022)

Paschal Donohoe: I propose to take Questions Nos. 306, 309 and 319 together. The Disabled Drivers & Disabled Passengers Scheme 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 severely and permanently disabled persons as a driver or as a passenger and also to certain...

Written Answers — Department of Finance: Tax Reliefs (12 Jul 2022)

Paschal Donohoe: Section 481 provides relief in the form of a corporation tax credit related to the cost of production of certain films. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of the Irish culture. Finance Act 2018 introduced a short-term, tapered regional uplift for...

Written Answers — Department of Finance: Tax Code (12 Jul 2022)

Paschal Donohoe: Addressing vacancy and dereliction, and maximising the use of the existing housing stock, is a priority objective of the Government. Housing for All includes a specific action for the Department of Finance to collect data on vacancy with a view to introducing a vacant property tax. Provisions included in the Finance (Local Property Tax) (Amendment) Act 2021 enabled Revenue to collect certain...

Written Answers — Department of Finance: Tax Credits (12 Jul 2022)

Paschal Donohoe: I am informed by Revenue that the home carer tax credit can be claimed by couples who are married or in a civil partnership and have elected to be jointly assessed to tax, where either spouse or civil partner, the ‘home carer’, cares for one or more dependent persons. A dependent person includes an individual who, at any time in the year of assessment, is: - a child in...

Written Answers — Department of Finance: Departmental Schemes (12 Jul 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: Tax Code (12 Jul 2022)

Paschal Donohoe: I propose to take Questions Nos. 312 and 313 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. However, the Deputy should note that section 7 of Annex III of the VAT Directive provides that the reduced rate of VAT may be applied by...

Written Answers — Department of Finance: Tax Yield (12 Jul 2022)

Paschal Donohoe: I am advised by Revenue that Carbon Tax receipts arising from the increases on 12 October 2022, 1 May 2023 and 12 October 2023 in 2022 and 2023 are estimated at €17.6m and €135.7m respectively. In addition some €1.7m and €14.5m in VAT is estimated for 2022 and 2023 respectively, arising from the carbon tax increases. Revenue from legislated increases to the...

Written Answers — Department of Finance: Budget 2023 (12 Jul 2022)

Paschal Donohoe: I understand that an extensive list of tax expenditure measures with end-2022 sunset clauses in legislation was made available to the Committee on Budgetary Oversight in recent weeks. I am advised that the majority are costed at less than €15 million. Of the larger tax expenditures, measures such as the Help To Buy scheme and the reduced rate of USC for medical card holders are set to...

Written Answers — Department of Finance: Tax Data (12 Jul 2022)

Paschal Donohoe: I am informed by Revenue that traders are not required to identify the VAT yield generated from the supply of specific services on their VAT returns. Therefore, it is not possible to provide an accurate costing for the potential measures outlined. However, a tentative estimate using the most currently available third-party data would be in the region of €88m. In-year policy measures do...

Written Answers — Department of Finance: Summer Economic Statement (12 Jul 2022)

Paschal Donohoe: I propose to take Questions Nos. 317 and 318 together. My Department produces two sets of macroeconomic and fiscal projections each year, both aligned with the European budgetary cycle. Forecasts have not been updated since the spring forecasts, as set out in the Stability Programme Update (SPU). That said, the Summer Economic Statement (SES) indicated that momentum in the domestic economy is...

Written Answers — Department of Finance: Departmental Contracts (12 Jul 2022)

Paschal Donohoe: I wish to advise the Deputy that my Department and bodies under the aegis of my Department have incurred the following costs with the companies mentioned since January 2020 to date. Carr Communications (ex VAT) Kinzen.com Department of Finance €3,087 €0 Central Bank of Ireland €23,950...

Written Answers — Department of Finance: Financial Services (12 Jul 2022)

Paschal Donohoe: The Central Bank of Ireland is the independent regulator of credit institutions and other regulated financial service providers. However, it is not possible for the Minister for Finance, nor the Central Bank in carrying out its regulatory functions to advise or comment on the management of loans (and/or the treatment of any security which may be associated with a loan) by regulated entities...