Results 5,121-5,140 of 32,432 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (31 May 2022)

Paschal Donohoe: I am advised by Revenue that Table 1 below sets out the information requested by the Deputy in respect of VRT related compliance activity in March and April 2022. Table 1 2022 Warnings Detentions  (s.140 FA 2001) Seizures  (s.141 FA 2001) Compromise Penalties Value of Compromise Penalties March 18 ...

Written Answers — Department of Finance: Tax Credits (31 May 2022)

Paschal Donohoe: The position is that the “Home Carer” tax credit is only available to married couples or civil partners where one spouse/civil partner (the “home carer”) cares for one or more dependent persons. The married couple/civil partners must be jointly assessed for tax purposes and no credit is available where the married couple/civil partners are taxed under separate...

Written Answers — Department of Finance: Departmental Staff (31 May 2022)

Paschal Donohoe: I wish to inform the Deputy that there are 321 staff employed in my Department, broken down by gender and grade as follows: Grade Female Male Secretary General 0 1 Assistant Secretary 1 6 Director 0 1 Principal Officer 11 20 ...

Written Answers — Department of Finance: Primary Medical Certificates (31 May 2022)

Paschal Donohoe: 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 charitable organisations. In order to qualify for relief, the...

Written Answers — Department of Finance: State Claims Agency (31 May 2022)

Paschal Donohoe: I understand from the National Treasury Management Agency (NTMA) that the competitive procedure for the establishment of the State Claims Agency (SCA) panels of junior counsel is still in the process of completion and has not been fully concluded.

Written Answers — Department of Finance: Illicit Trade (31 May 2022)

Paschal Donohoe: I am advised by Revenue that it had 75 seizures of nitrous oxide in 2021, consisting of 385,891 canisters. To date in 2022, Revenue has had 106 product seizures, consisting of 2,350 canisters. Nitrous oxide is not prohibited and has a number of legitimate uses, for example in the food industry. However, where Revenue has reasonable grounds for believing that importations of nitrous oxide...

Written Answers — Department of Finance: Illicit Trade (31 May 2022)

Paschal Donohoe: I am advised by Revenue that the number of persons successfully prosecuted for cigarette or tobacco smuggling in 2021 and to date in 2022 is set out in the table below. The number of persons successfully prosecuted for other cigarette or tobacco-related offences, including the sale and supply of illicit tobacco products is also shown. ...

Written Answers — Department of Finance: Tax Data (31 May 2022)

Paschal Donohoe: I am advised by Revenue that traders are not obliged to separately identify VAT on specific goods or services on their periodic VAT returns and, as such, an exact amount of the VAT yield for fuel is not available. However, using Revenue’s Excise clearances and third-party data, a tentative estimate of VAT liability arising in respect of fuel products, in each of the six months from...

Written Answers — Department of Finance: Banking Sector (31 May 2022)

Paschal Donohoe: I propose to take Questions Nos. 180, 181 and 182 together. As the Deputy is aware, Government policy is not to hold the State's investments in AIB, Bank of Ireland and Permanent TSB long term. This country has learned at great cost that banking is a risky activity requiring significant amounts of capital support in times of stress. Therefore successive Governments have held the view that it...

Written Answers — Department of Finance: Tax Credits (31 May 2022)

Paschal Donohoe: The Incapacitated Child Tax Credit (ICTC) is available to any individual who proves that he or she has, at any time during a year of assessment, a child who is permanently incapacitated by reason of mental or physical infirmity to such an extent that he or she is, or is reasonably expected to be once aged 18, unable to maintain themselves. As previously advised in response to...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (26 May 2022)

Paschal Donohoe: I thank the Deputy for raising this issue. For some time, he has been raising issues in relation to the withdrawal of Ulster Bank from the Irish banking sector. There is already a huge amount of engagement under way with regard to the important issue the Deputy has raised. In recent days, the Central Bank has met with the banks that are involved in exiting our market, as well as the banks...

Written Answers — Department of Finance: Housing Schemes (26 May 2022)

Paschal Donohoe: I am advised by Revenue that they have examined the tax records of the persons concerned and the parties’ application for the Help-To-Buy (HTB) has now been approved, having been originally submitted on 27 April 2022. For clarity, the HTB scheme has two stages – the ‘application stage’ where the eligibility of the applicant(s) is determined, together with the...

Written Answers — Department of Finance: Financial Services (26 May 2022)

Paschal Donohoe: As the Deputy is aware, there is a broad legal and regulatory framework in place which governs the provision of mortgages to consumers.  Specifically in relation to mortgage protection insurance, section 126 of the Consumer Credit Act 1995 provides that mortgage lenders shall ensure that a mortgage applicant has a life assurance policy in place before granting a mortgage...

Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: From the Seanad (25 May 2022)

Paschal Donohoe: I thank the Deputy for the points raised. I differ with him about the description he used for the support for the hospitality sector. He described it as a form of corporate welfare. Nobody is no more aware than I am of how much support went to that sector, though I know the Deputy is aware of it too. He is right that it is the largest beneficiary of the employment wage subsidy scheme. It...

Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: From the Seanad (25 May 2022)

Paschal Donohoe: The amendments refer to the Government decision with regard to the 9% VAT rate. The House will be well aware of the challenge that sector has faced during a prolonged period of the implementation of public health measures, due to which restaurants and hotels had to be closed for so long. I am also conscious that we are now in a position where, at the end of this month, the employment wage...

Written Answers — Department of Finance: Departmental Schemes (25 May 2022)

Paschal Donohoe: The Diesel Rebate Scheme (DRS) was introduced in 2013 with the aim of providing support to road haulage and bus transport operators when the retail price of diesel is relatively high. The DRS is provided for in section 99A of Finance Act 1999 and operates on a sliding scale basis, whereby a partial rebate of Mineral Oil Tax (MOT) is available when the retail price of diesel exceeds...

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

Paschal Donohoe: Stamp duty on the sale of residential properties such as apartments and houses is chargeable at the rate of 1% where the consideration does not exceed €1 million. Where the consideration exceeds €1 million, stamp duty is chargeable at 1% on the first €1 million and 2% on the balance. Stamp duty is payable by the purchaser. However, a higher stamp duty rate of 7.5%...

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

Paschal Donohoe: I am informed by Revenue that the revenue generated from stamp duty in each of the years from 2018 to 2021 is published on the Revenue web site at the following link: www.revenue.ie/en/corporate/documents/statistics/receipts/ne t-receipts.pdf. Stamp duty receipts for the period from 1 January 2022 to 30 April 2022 were €537 million. This figure is provisional and may be subject to...

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

Paschal Donohoe: I am advised by Revenue that the data for national totals in excise duty, VAT and corporation tax for the years 2004 to 2021 are available on the Revenue website under the Receipts heading on the Statistics on income, tax and duties page. Due to the manner in which tax and duty liabilities are returned to Revenue, it does not have statistical data for these taxes on the basis of electoral...

Written Answers — Department of Finance: Tax Credits (25 May 2022)

Paschal Donohoe: I am informed by Revenue that, on the basis of R&D relief claimed in respect of the year 2020, the most recent year for which tax returns data are available, the cost of increasing the rate of R&D credit from 25% to 35%, up to a threshold of the first €500,000 of allowable expenditure, would be in the region of €40 million. This estimate does not include the impact of...