Results 5,261-5,280 of 32,547 for speaker:Paschal Donohoe

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

Paschal Donohoe: I am advised by Revenue that while membership of a professional accountancy body is among the eligibility requirements in its recruitment to senior management tax specialist posts, there has been no recruitment of forensic accountants to Revenue from 1 January 2021 to 17 May 2022. Of the c.250 Revenue staff who are qualified accountants, four have undertaken the Diploma in Forensic...

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

Paschal Donohoe: I am informed by Revenue that the amount of betting duty collected between 1stJanuary to the 31stDecember 2021 and to date in 2022 is as set out in the table below.   Year Total Betting Duty €m Betting Intermediary Duty €m 2021 89.1 4.1 2022 (to 30 April) 51.2 2 Please...

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

Paschal Donohoe: I am advised by Revenue that the person concerned is not being taxed on the emergency basis. The person concerned, and their spouse are jointly assessed for tax purposes and the majority of their combined tax credits are allocated to the person concerned. The person’s tax credits have been reduced to take account of the tax due in respect of a DSP payment currently being received...

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

Paschal Donohoe: I am informed by Revenue that the revenue raised through Mineral Oil Tax on Marked Gas Oil (MGO) in each of the years 2003 to 2020 is published on the Revenue web site at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx The revenue raised through Mineral Oil Tax on MGO for 2021 was...

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

Paschal Donohoe: The present position is that agricultural contractors are not entitled to avail of relief from increases in the carbon tax on farm diesel under section 664A of the Taxes Consolidation Act 1997. This is because farming, which is defined in section 654 of the Taxes Consolidation Act, requires the occupation of farmland. Agricultural contracting does not involve the occupation of farmland. The...

Written Answers — Department of Finance: Public Sector Staff (24 May 2022)

Paschal Donohoe: I wish to advise the Deputy that Section 483 of the Taxes Consolidation Act 1997, provides for a gift on an annual basis to be made to the Minister for Finance to be applied for any purpose or towards the cost of which public moneys are provided.  Gifting of salary is a personal matter for individual taxpayers. If an official wishes to gift part of his or her salary, the relevant...

Written Answers — Department of Finance: Insurance Industry (24 May 2022)

Paschal Donohoe: Firstly, it is important to point out that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products. This is a commercial matter for individual companies to assess on a case-by-case basis and in accordance with their own calculation of various factors, including risk. This position is reinforced by the EU Single Market framework for insurance (the...

Written Answers — Department of Finance: Departmental Investigations (24 May 2022)

Paschal Donohoe: My Department has not commissioned any investigations into instances in which Departmental documents or information was leaked to the media during the timeframe specified.

Written Answers — Department of Finance: Job Creation (19 May 2022)

Paschal Donohoe: The COVID-19 pandemic had a severe impact on Ireland’s labour market, with the number of persons in receipt of some form of state income assistance peaking at around 1.2 million in May 2020. More recently, the Government’s labour market policy response, which effectively maintained the employer-employee link to prevent labour market scarring, has paved the way for a rapid...

Written Answers — Department of Finance: Primary Medical Certificates (19 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,...

Written Answers — Department of Finance: Covid-19 Pandemic (19 May 2022)

Paschal Donohoe: As the Deputy will be aware, on 19 January 2022 the Government announced a COVID-19 recognition payment for eligible frontline healthcare workers to recognise their unique role during the pandemic. The resulting “Pandemic Special Recognition Payment” of up to a maximum of €1,000 per individual is to be made to specified categories of frontline healthcare workers. The...

Written Answers — Department of Finance: Tax Code (19 May 2022)

Paschal Donohoe: Section 997A of the Taxes Consolidation Act 1997 (TCA) is a long-standing anti-avoidance measure introduced in 2005. It applies to directors or employees who have a “material interest” in their employer company. This section denies such directors or employees a credit for tax deducted from their remuneration when filing their income tax return, until such time as the tax has...

Written Answers — Department of Finance: Tax Code (19 May 2022)

Paschal Donohoe: Where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax. Each partner is a separate entity for tax purposes, therefore, cohabiting couples cannot file joint assessment tax returns or share their tax credits and tax bands in the same manner as married couples. The basis for the...

Written Answers — Department of Finance: Departmental Properties (19 May 2022)

Paschal Donohoe: I wish to advise the Deputy that my Department has had no annual costs associated with the cleaning or sanitising of roofs of the Department's buildings.

Written Answers — Department of Finance: Tax Collection (19 May 2022)

Paschal Donohoe: I propose to take Questions Nos. 223 and 224 together. For the Local Property Tax (LPT) valuation period 2022-2025, residential property owners were asked to indicate in their LPT returns the occupancy status of their properties on 1 November 2021 and, where vacant, the duration of and reason for the vacancy. It is important to note that LPT applies in respect of any building which is in...

Written Answers — Department of Finance: Housing Schemes (18 May 2022)

Paschal Donohoe: Help to Buy (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive offers a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in Section 477C of the Taxes Consolidation Act 1997. For a property to qualify for HTB, it must be...

Written Answers — Department of Finance: Tax Code (18 May 2022)

Paschal Donohoe: In Finance Act 2019, I legislated for a CO2-based BIK regime for company cars from 1/1/2023. From that date the amount taxable as BIK remains determined by the car’s original market value (OMV) and the annual business kilometres driven, while new CO2emissions-based bands will determine whether a standard, discounted, or surcharged rate is taxable. The number of mileage bands is reduced...

Written Answers — Department of Finance: Revenue Commissioners (18 May 2022)

Paschal Donohoe: I am advised by Revenue that in the period from January 2015 to date, there were 44 Revenue assignments to Assistant Principal posts in County Limerick. This included 15 from Public Appointments Service or Revenue open competitions; 2 from Interdepartmental competition; 16 from Revenue internal promotion competitions; 10 on transfer from other geographic locations; and 1 on resumption...

Seanad: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee and Remaining Stages (17 May 2022)

Paschal Donohoe: The purpose of this amendment is to give effect to the Government's decision on 10 May to extend the 9% VAT rate that currently applies to the tourism and hospitality sectors for a further six months. This rate will, therefore, remain in place for these sectors until 28 February 2023 at an estimated cost up to that point of €250 million. The extension will cover the same goods and...

Seanad: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee and Remaining Stages (17 May 2022)

Paschal Donohoe: It is a significant period as we approach the conclusion of the employment wage subsidy scheme. I remember very clearly the discussions that we had in 2020 with some of the officials from the Department of Finance who are present today. We got into very challenging discussions regarding what would be in and what would be out of the scheme. I remember the discussions we were having...