Results 4,761-4,780 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Budget 2023 (27 Oct 2022)

Paschal Donohoe: 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 despite a CO2 based vehicle BIK regime being legislated for as far back as 2008 (but never...

Written Answers — Department of Finance: Energy Prices (27 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 173, 175 and 176 together. Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Bill 2022. The scheme will provide support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 31 December 2022 or, where it is possible to grant State aid beyond that date under the European...

Written Answers — Department of Finance: Departmental Bodies (27 Oct 2022)

Paschal Donohoe: Following the resignation of all members of the previous Disabled Drivers Medical Board of Appeal, effective from 30th November 2021, two Expression of Interest campaigns have been held, seeking suitable candidates for the Board. The Department of Health leads on all actions and tasks with respect to the Expression of Interest Campaigns. Department of Finance officials provide support to the...

Written Answers — Department of Finance: Tax Credits (27 Oct 2022)

Paschal Donohoe: The Incapacitated Child Tax Credit is available to the parent or guardian of a child who is permanently incapacitated, either physically or mentally. The qualifying criteria includes the requirement that medical evidence is provided setting out the extent of the incapacity and whether it is expected to permanently prevent the child from being able to maintain themselves independently when...

Written Answers — Department of Finance: Tax Exemptions (27 Oct 2022)

Paschal Donohoe: On the introduction of the Local Property Tax (LPT), the Government decided that a liability to the tax should apply to all owners of residential properties with a limited number of exemptions. Limiting the exemptions available allows the rate to be kept low for those liable persons who do not qualify for an exemption. The proceeds of the LPT are largely used in the general provision and...

Written Answers — Department of Finance: Primary Medical Certificates (27 Oct 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT 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 Primary Medical...

Finance Bill 2022: Referral to Select Committee (26 Oct 2022)

Paschal Donohoe: I move: That the Bill be referred to the Select Committee on Finance, Public Expenditure and Reform, and Taoiseach pursuant to Standing Orders 95 and 181.

Written Answers — Department of Finance: Tax Reliefs (26 Oct 2022)

Paschal Donohoe: On Budget Day, I announced a €500 Rent Tax Credit with the intention that it will be claimable in respect of rent paid in 2022 and subsequent years to end-2025. The intention is that, in order for a person to be in a position to claim the credit in a year: - the rent paid must be in respect of the person’s principal private residence; - the person living in the rented property...

Written Answers — Department of Finance: Fuel Prices (26 Oct 2022)

Paschal Donohoe: The price of fuel is determined by a number of factors such as global market dynamics, costs of labour, exchange rates, taxation as well as wholesale and retail pricing policy practices which may include additional pricing to cover transport and distribution costs. The Government has acted to limit the impact of increased prices on households and businesses via reductions in VAT, excise and...

Written Answers — Department of Finance: Tax Reliefs (26 Oct 2022)

Paschal Donohoe: I am advised by Revenue that the number of taxpayer units availing of the Rent a Room relief scheme, together with the cost of the relief, since 2004, the earliest year available, is published in Revenue's ‘Costs of Tax Expenditures Publication’ which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis...

Finance Bill 2022: Second Stage (Resumed) (25 Oct 2022)

Paschal Donohoe: That is a trend that could very well develop across 2023. This is a budget that is fair and that, in the context-----

Finance Bill 2022: Second Stage (Resumed) (25 Oct 2022)

Paschal Donohoe: -----of all our country has gone through, with Covid and changing economic circumstances, can and will make a difference and shows the value in the decisions the Government has made in recent years.

Finance Bill 2022: Second Stage (Resumed) (25 Oct 2022)

Paschal Donohoe: I thank all Deputies who participated in what has been a very lengthy and substantial debate reflecting the importance of the Finance Bill, which is central to the management of our economy and which responds to the many pressing needs in our society of which I and the Government are so well aware. In the time available to me I will respond to the five key themes that have been raised...

Finance Bill 2022: Second Stage (Resumed) (25 Oct 2022)

Paschal Donohoe: That is not what they said.

Finance Bill 2022: Second Stage (Resumed) (25 Oct 2022)

Paschal Donohoe: Every potential borrower is still subject to the affordability test.

Finance Bill 2022: Second Stage (25 Oct 2022)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." We are here today to begin our consideration of the Finance Bill 2022, which will give the necessary legal basis to the decisions announced in the budget and make a number of other necessary changes to tax legislation. This year's Bill sets out the legislative provisions to bring effect to the tax measures announced in budget 2023, which...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 237, 247 and 248 together. Section 664 of the Taxes Consolidation Act 1997 provides for the exemption from income tax of certain income in connection with the leasing of farm land, where the land is let under a qualifying lease. The lessee must carry on a trade of farming on the leased land either solely or in partnership with a person or persons who is also a...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: Under the Government's Housing for All plan, the Department of Finance committed to review, by Q3 2022, the recommendations from the 2017 Report of the Working Group on the Tax and Fiscal Treatment of Rental Accommodation Providers. This review was undertaken as part of the Tax Strategy Group (TSG) process. The report of the review was published on 10 August 2022 as part of the TSG paper on...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 239 and 240 together. As the Deputy is aware, all vehicles in the State must be registered and the appropriate Vehicle Registration Tax (VRT) paid when first registered here. Typically, registration occurs when a new vehicle is sold in the State or in the case of an imported vehicle, (new/second-hand), at the point of importation into the State. For imported...

Written Answers — Department of Finance: Tax Code (25 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 241 and 255 together. Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Bill 2022. The scheme will provide support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 31 December 2022 or, where it is possible to grant State aid beyond that date under the European...