Results 5,241-5,260 of 32,547 for speaker:Paschal Donohoe

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...

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

Paschal Donohoe: Mortgage lenders are required to comply with the relevant legal and regulatory requirements governing the provision and operation of mortgage credit agreements entered into by consumers. This includes the relevant provisions of the Consumer Credit Act 1995, the European Union (Consumer Mortgage Credit Agreements) Regulations 2016, the Central Bank of Ireland Consumer Protection Code 2012 and...

Written Answers — Department of Finance: Tax Exemptions (24 May 2022)

Paschal Donohoe: Officials in my Department are currently reviewing the options now available to Ireland in setting VAT rates. This will include consideration of the new options available to Member States  as a result of the recently updated EU VAT rules when setting VAT rates as well as the new limitations introduced on how reduced rates may be applied. Decisions about tax changes are generally taken in...

Written Answers — Department of Finance: Revenue Commissioners (24 May 2022)

Paschal Donohoe: I am advised by Revenue that all Revenue public offices, excluding ports, airports and trade facilitations stations remain closed to the public until further notice. Revenue continues to provide a full range of online services for taxpayers to manage their tax affairs, which for the most part removes any requirement to access public offices. These services, which include an online...

Written Answers — Department of Finance: Tax Yield (24 May 2022)

Paschal Donohoe: I am informed by Revenue that traders are not required to separately identify the VAT generated from the sale or supply of specific products or services in their VAT returns. Therefore, the information requested by the Deputy is not available from Revenue records.

Written Answers — Department of Finance: Government Communications (24 May 2022)

Paschal Donohoe: My Ministerial email address is minister@finance.gov.ie Minister of State Fleming’s Ministerial email address is mos@finance.gov.ie The following is the postal address for both myself and the Minister of State: Department of Finance Government Buildings Upper Merrion Street Dublin 2 D02 R583