Results 4,781-4,800 of 33,118 for speaker:Paschal Donohoe

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

Paschal Donohoe: I am advised by Revenue that a taxpayer’s Income Tax liability is calculated on their total income from all sources, rather than being separately calculated for each source of income (such as rental income). For this reason, it is not possible to identify tax paid arising from rental income alone. However, the Deputy may be interested to note that information is published on the...

Written Answers — Department of Finance: Departmental Staff (25 Oct 2022)

Paschal Donohoe: The table below sets out the number of persons working in my Department's press office and communications team. - Number of people Press office 3 people Communications 1 person

Written Answers — Department of Finance: Primary Medical Certificates (25 Oct 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: Primary Medical Certificates (25 Oct 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT 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 car must be purchased before applying for VRT and VAT relief, as applicable to the category of adaptations made to the vehicle. The Scheme is open to severely and permanently disabled persons...

Written Answers — Department of Finance: Primary Medical Certificates (25 Oct 2022)

Paschal Donohoe: The Drivers and Passengers with Disabilities Scheme (DPDS), provides for repayment or remission of VAT and Vehicle Registration Tax (VRT), up to a certain limit, on the purchase or adaption of a vehicle for the transport of a person with specific severe and permanent physical disabilities. It also provides for exemption from motor tax in respect of that vehicle, and a fuel grant. The...

Written Answers — Department of Finance: Legal Tender (25 Oct 2022)

Paschal Donohoe: While historically Ireland has been a relatively cash-intensive economy, advances in technology and changing customer demands have prompted a rapid increase in the take-up of electronic payments in recent years. Notwithstanding this, cash remains a vital part of the Irish payment system. Euro notes and coins have the status of legal tender in Ireland. Retail transactions here are...

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

Paschal Donohoe: I propose to take Questions Nos. 251 and 252 together. I am advised by Revenue that the amount of money collected for the years 2016 and beyond is published on the Revenue website at . The information for 2013 to 2015 is shown in the first table below. Regarding the amounts that may have been raised in the absence of application of the Local Adjustment Factor (LAF), this information is not...

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

Paschal Donohoe: I announced the new Defective Concrete Products Levy in my Budget 2023 speech last month. The introduction of this levy arises from a Government decision that a levy be imposed on the construction sector to contribute towards the cost of the Mica Redress Scheme, that was taken in November 2021. Following the announcement of the levy on Budget day, and in light of subsequent feedback from...

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

Paschal Donohoe: As the Deputy may be aware, prior to Finance Act 2017 agricultural land which was leased for solar panels was not classified as qualifying agricultural property for the purposes of Capital Gains Tax retirement relief or agricultural relief from Capital Acquisitions Tax. Following a review announced in Budget 2018, and in recognition of the then Government's commitment to facilitate the...

Written Answers — Department of Finance: Financial Services (25 Oct 2022)

Paschal Donohoe: Decisions in relation to mortgage lending, including the length of time for which a mortgage offer is valid and the conditions that have to be met for the drawdown of a mortgage loan, are commercial matters for the individual lender. These decisions are subject to compliance with the legal and regulatory framework in relation to the provision of mortgages. Provision 4.29 the of the Consumer...

Written Answers — Department of Finance: Official Engagements (25 Oct 2022)

Paschal Donohoe: I was recently in Washington DC from 11 - 14 October for the IMF/World Bank Annual Meetings. While both US Federal Reserve Board Chairperson, Mr Jerome Powell, and I attended three G7 meetings during the Annual Meetings, I did not have a bilateral meeting with him during my visit.

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

Paschal Donohoe: On Budget Day, I announced a €500 Rent Tax Credit which it is proposed 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: Tax Code (25 Oct 2022)

Paschal Donohoe: There have been many increases to the CAT thresholds in recent years. The Group A threshold was raised from €225,000 to €280,000 in Budget 2016, to €310,000 in 2017, to €320,000 in Budget 2019 with a further rise to €335,000 in Budget 2020. The Group B threshold rose from €30,150 to €32,500 in Budget 2017 and the Group C threshold rose from...

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

Paschal Donohoe: The Deputy will be aware that prior to 2015, film relief took the form of an income tax relief which provided an incentive to individual taxpayers to invest in Irish film production. The income tax scheme allowed investors in a qualifying Irish film to claim an income tax relief on their investment, once the film had been certified by Revenue and filming had commenced. In general, this was...

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

Paschal Donohoe: In order to qualify for Section 481 relief, an application for certification must be made in writing to the Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media at least 21 working days prior to the commencement of the Irish production. In considering whether to issue a certificate in relation to a film, the Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media will...

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

Paschal Donohoe: I am advised by Revenue that on average 96% of self-assessed taxpayers complete the Form 11 return online to meet their annual filing and payment obligations each year which is reflective of the continuous efforts undertaken by Revenue to make the process as streamlined and simplified as possible. While a high percentage of Forms 11 are filed annually by tax agents, there is a significant...

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

Paschal Donohoe: I propose to take Questions Nos. 264 and 265 together. Within the tax code there are various generally available tax reliefs that may be claimed by aircraft leasing companies but are not specifically for use by these companies. Statistics in relation to tax costs for various reliefs are available on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Fuel Prices (20 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 204 and 208 together. 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...