Results 5,241-5,260 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Budget 2023 (15 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decision.

Written Answers — Department of Finance: Tax Data (15 Sep 2022)

Paschal Donohoe: I am advised by Revenue that the amount of excise tax collected in each quarter of 2020 and 2021 and for the first half of 2022 is shown in the following table. Excise Receipts by Quarter Year Quarter Excise €m 2020 Q1 1,377.5 Q2 1,081.8 Q3 ...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (15 Sep 2022)

Paschal Donohoe: I am advised that the Special Liquidators have commenced a review of the matters outlined in the PQ. However, these issues relate to a period when the Special Liquidators were not involved with IBRC and no corporate knowledge remains available to the Special Liquidators. As this task will require in-depth analysis of historical records, it will be necessary for the SLs to redirect resources...

Written Answers — Department of Finance: Tax Data (15 Sep 2022)

Paschal Donohoe: I am advised by Revenue that it is not possible to separately identify the profits associated with the residential building sector from other construction industry profits and, therefore, it is not possible to provide an accurate estimate of the potential revenues from a levy on these profits. Imposing additional taxes on certain economic sectors would involve increased complexity in...

Written Answers — Department of Finance: Departmental Staff (15 Sep 2022)

Paschal Donohoe: I wish to advise the Deputy of the following details, as requested in respect of employees in my Department in receipt of Special Leave with Pay for Covid-19: - Number of employees in receipt of this payment up to 1st July 2022 was 77. - There were no employees in receipt of this payment for an extended period of 12 weeks or more. - Number of employees in receipt of this payment since 1st...

Written Answers — Department of Finance: Budget 2023 (15 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decision.

Written Answers — Department of Finance: Tax Code (15 Sep 2022)

Paschal Donohoe: I am advised by Revenue that its approach to enforcement of the law relating to Vehicle Registration Tax (VRT) is that in each instance where a failure to comply with the relevant legal requirements is detected, the matter is dealt with in a manner that is fair and proportionate to the circumstances of the particular case. Section 141(1) of the Finance Act 2001, as amended, provides that...

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: I thank the Chair and the members for the invitation to the Minister for Public Expenditure and Reform and myself to attend the committee today to make our presentations on the status of our budgetary work. I will begin by briefly outlining the economic and budgetary context for the budget. This is a challenging and deeply uncertain period for our economy. Over the past several years, we...

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: I will be in a position to publish that next Friday.

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: I will have, at that point, the latest macroeconomic data and the fiscal data. That will be incorporated and made available to the Oireachtas at the earliest possible opportunity. From working with my officials, I am assured that the earliest opportunity I can make that available is next Friday, which I will do.

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: The Government, the Minister, Deputy McGrath, and I are very committed to delivering inside the parameters we have outlined in the summer economic statement. Both of us have said there will be once-off measures happening in 2022 that will be paid for within this year and will be separate to the provisioning that we make for next year.

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: I believe that it is fair to say the Government has not made a decision on that yet. We have been very clear there would be packages and measures within 2022. What would happen then to fit the scenario described by Deputy Doherty if some of those measures were to extend into 2023 is they would then be on top of the summer economic statement parameters. We have not made the decision but-----

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: Just let me finish. We are currently evaluating what would be the right kind of intervention and what would give the most help to households and businesses. The Minister, Deputy McGrath, and I are working on what the duration of that support would be. If it was to go into 2023 then it would be in addition to the summer economic statement parameters.

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: If there was to be something in 2023 that was to extend to deal with one-off measures, given that the parameters we brought forward do not include provision for one-off measures, it would be in addition to it.

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: The work is under way. The meeting of energy ministers at which the broad principles of that approach were agreed concluded on Friday. The President of the European Commission made a statement today in which she committed to it. We do not produce back of a cigarette pack numbers. That is not the way we can do a budget and it is certainly not something I would share with this committee....

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: -----a revenue forecast to this committee that we would feel confident we can use in our budgetary arithmetic.

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: I will give consideration to the point the Deputy raised. I know it is a matter in which he is interested. It is the case that some parts of the economy and some firms are doing well and are in a position to support their employees. We will give consideration to the Deputy's point. There has been a moderation of our worst fears about diesel and petrol prices but even in the €1.80...

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: Indexation of social welfare payments is a decision for the Minister for Public Expenditure and Reform. He will work with the Minister, Deputy Humphreys, on it. We are both aware of the value of indexation, whether for taxation or social welfare payments for those who need and deserve additional help. We are also looking to see how or if we can deliver that inside the constraints of the...