Results 4,921-4,940 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs (11 Oct 2022)

Paschal Donohoe: The Programme for Government includes a commitment to facilitate and support remote working. As part of the national remote working strategy: Making Remote Work, in 2021 the Tax Strategy Group (TSG) reviewed the tax arrangements for remote working in respect of both employees and employers. The paper is published on my Department’s website. The TSG paper noted that changes to the...

Written Answers — Department of Finance: Tax Credits (11 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 estimated cost of this measure in respect of each relevant year of assessment is €200 million. 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...

Written Answers — Department of Finance: Departmental Policies (11 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 259 and 261 together. 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...

Written Answers — Department of Finance: Cycling Policy (11 Oct 2022)

Paschal Donohoe: Section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the Cycle to Work scheme. This scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and associated safety equipment up to a maximum of €1,250 (€1,500 in the case of e-bikes), for an employee to use, in whole or in part, to travel to work. Safety equipment includes...

Written Answers — Department of Finance: Insurance Industry (11 Oct 2022)

Paschal Donohoe: At the outset it is important to note that neither I, nor the Central Bank of Ireland can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which prevents Member States from doing so. Minister...

Written Answers — Department of Finance: Fuel Sales (11 Oct 2022)

Paschal Donohoe: Revenue has responsibility for administering and enforcing Solid Fuel Carbon Tax (SFCT) which applies to coal, peat, and peat products when they are first supplied in the State. There is no differentiation between different types of coal with regard to the rate of SFCT that applies. This means that smokeless, low smoke, and smoky coal all attract the same SFCT rate, currently €107.98...

Written Answers — Department of Finance: Tax Code (11 Oct 2022)

Paschal Donohoe: I propose to take Questions Nos. 264, 277 and 280 together. At the outset, the Deputy should note that 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...

Written Answers — Department of Finance: Budget 2023 (11 Oct 2022)

Paschal Donohoe: Budget 2023 included a significant personal tax package with an estimated cost next year of over €1.13 billion. The Standard Rate Cut-Off Point, which is the entry point for the higher rate of income tax, is being increased by €3,200 from €36,800 to €40,000 for a single individual (8.7% increase), with commensurate increases in the bands applying to married persons...

Written Answers — Department of Finance: Budget 2023 (11 Oct 2022)

Paschal Donohoe: As was announced in my Budget 2023 speech I propose to introduce a levy on pouring concrete, concrete blocks and certain other concrete products, which are used in the construction of buildings. The full range of in scope products was detailed in Annex C the Budget Day publication “Budget 2023: Tax Policy Changes” which is available at...

Written Answers — Department of Finance: Budget 2023 (11 Oct 2022)

Paschal Donohoe: As was announced in my Budget 2023 speech I propose to introduce a levy on pouring concrete, concrete blocks and certain other concrete products, which are used in the construction of buildings. The full range of in scope products was detailed in Annex C the Budget Day publication “Budget 2023: Tax Policy Changes” which is available at...

Written Answers — Department of Finance: State Properties (11 Oct 2022)

Paschal Donohoe: I wish to highlight that, as Minister for Finance, I have no role in respect of NAMA’s commercial operations. The Deputy will be aware that NAMA does not directly own or sell properties, accordingly NAMA does not and did not own apartments at the referenced property. The apartments in which NAMA had an interest were owned by a private entity, held as security by NAMA, and controlled...

Written Answers — Department of Finance: Tax Collection (11 Oct 2022)

Paschal Donohoe: The Debt Warehousing Scheme has offered valuable and practical liquidity support to individuals and businesses, assisting them with their cash-flow during the difficult trading periods associated with the COVID-19 pandemic. The objective of the scheme is to support the long-term economic viability and survival of the participants/businesses concerned. The Deputy will be aware that, under...

Written Answers — Department of Finance: Tax Code (11 Oct 2022)

Paschal Donohoe: The Interdepartmental Pensions Reform and Taxations Group (IDPRTG) was established to carry out a number of tasks set out in the Roadmap for Pensions Reform 2018 -2023. The Roadmap set out the need to promote long-term pension saving to address income adequacy in retirement, in particular for low income earners. The IDPRTG is chaired by the Department of Finance, and includes representatives...

Written Answers — Department of Finance: Budget 2023 (11 Oct 2022)

Paschal Donohoe: As the Deputy will be aware, Budget 2023 included a significant personal tax package with an estimated cost next year of over €1.13 billion. The Standard Rate Cut-Off Point, which is the entry point for the higher rate of income tax, is being increased by €3,200 from €36,800 to €40,000 for a single individual (8.7% increase), with commensurate increases in the...

Written Answers — Department of Finance: Legislative Measures (11 Oct 2022)

Paschal Donohoe: I note that the Deputy’s question refers to the “Right to be Forgotten” in the context of individuals who have recovered from cancer seeking to access certain financial services. I am aware of this issue, which is a sensitive one for many in our community. As the Deputy is aware, this important policy matter is being considered at EU level. The European...

Written Answers — Department of Finance: Revenue Commissioners (11 Oct 2022)

Paschal Donohoe: I am advised by the Revenue Commissioners that Table 1 below sets out the information requested by the Deputy in respect of the number of vehicles seized by Revenue under Section 141 of the Finance Act, 2001. Table 1 Year Total Vehicles 2020 498 2021 599 *2022 847 * to 30 September 2022...

Written Answers — Department of Finance: Customs and Excise (11 Oct 2022)

Paschal Donohoe: Revenue has informed me that the tendering process for the procurement of a replacement customs cutter vessel is well underway. The updated position is that the tender document is in the final stages of drafting, and Revenue expects to issue the tender to the market before the end of October 2022.

Written Answers — Department of Finance: Tax Code (11 Oct 2022)

Paschal Donohoe: The VAT rates applying in Ireland are subject to the requirements of EU VAT law with which Irish VAT law must comply. The services consisting of the care of the human body, including beauticians, are subject to the 13.5% rate. This arises from the fact that many of goods and services to which Ireland applies a reduced rate of VAT, including services related to care of the human body,...

Written Answers — Department of Finance: Vehicle Registration Tax (11 Oct 2022)

Paschal Donohoe: Under the Finance Act 1992, Vehicle Registration Tax (VRT) is assessed on a vehicle at the time of its registration and the way the tax is computed depends on the category of vehicle involved. VRT on Category A vehicles (generally passenger cars and certain Special Utility Vehicles) is assessed based on the value of the vehicle and its emissions levels for carbon dioxide (CO2) and nitrogen...

Written Answers — Department of Finance: Tax Code (11 Oct 2022)

Paschal Donohoe: The Deputy should note that Ireland is one of the few countries in the EU which applies a zero rate of VAT to most period products. This was the rate that applied in 1991 and we have been able to maintain that rate under the provisions of the EU VAT Directive that allow for a zero rate to be maintained if it applied on and from 1stJanuary 1991. A very small number of products have a 13.5%...