Results 5,261-5,280 of 32,432 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Primary Medical Certificates (4 May 2022)

Paschal Donohoe: At the outset the Deputy should note that I gave a commitment that a comprehensive review of the Disabled Drivers and Disabled Passengers Scheme (DDDPS) , to include a broader review of mobility supports for persons with disabilities, would be undertaken. I have agreed with Roderic O’Gorman, Minister for Children, Equality, Disability, Integration and Youth that the DDDPS review...

Written Answers — Department of Finance: Vehicle Registration Tax (4 May 2022)

Paschal Donohoe: I propose to take Questions Nos. 146 and 147 together. All vehicles in the State must be registered, and Vehicle Registration Tax (VRT) generally becomes payable when a vehicle is first registered here.  Typically, this occurs when a new vehicle is sold in the State, or when a vehicle is imported.  I am informed by Revenue that the VRT calculation on passenger vehicles is based on...

Written Answers — Department of Finance: Tax Data (4 May 2022)

Paschal Donohoe: I am advised by Revenue that, for 2019, the most recent year for which complete data are available, the aggregate amount of Income Tax paid by persons aged under 30 and 35 has been estimated to be as shown in the below table.  The equivalent figures in respect of the Universal Social Charge are also included in the table.  For income tax, in the case of jointly assessed taxpayers,...

Written Answers — Department of Finance: Departmental Staff (4 May 2022)

Paschal Donohoe: I wish to inform the Deputy that there have been no secondments from my Department to the university third level sector over the past two years. The Department’s secondments follow the guidelines set out by the Department of Public Expenditure and Reform's Secondment Policy for the Civil Service. This was outlined most recently in Circular 27-2021 which sets out the current...

Written Answers — Department of Finance: Tax Reliefs (4 May 2022)

Paschal Donohoe: The research and development (R&D) tax credit allows a company to claim a 25% tax credit in respect of expenditure incurred on qualifying R&D activities. In making a claim for the R&D tax credit, companies must satisfy two tests: the activity must be a qualifying activity (a science test); and the amount of the claim must be based on R&D expenditure incurred...

Written Answers — Department of Finance: Tax Collection (4 May 2022)

Paschal Donohoe: Solid Fuel Carbon Tax (SFCT) is an excise duty that applies to coal and peat when first supplied in the State for use as a fuel. SFCT rates effective from 1 May 2021 to 30 April 2022 are listed in the table below along with rates effective from 1 May 2022. Solid Fuel Category SFCT rate per tonne from 01/05/2021 to 30/04/2022 SFCT rate per tonne from 01/05/2022 ...

Written Answers — Department of Finance: EU Directives (4 May 2022)

Paschal Donohoe: A search of official records, in response to the Deputy’s question, indicates that there has been no cost to my Department from 2011 to date for fines paid by Ireland for non-transposition of EU directives into Irish law. To go back beyond that period would not be an efficient use of time and resources. For background, the European Commission, in 2017 – “EU law:...

Committee on Budgetary Oversight: Stability Programme Update 2022: Minister for Finance (4 May 2022)

Paschal Donohoe: Okay, I will certainly have a look at the point the Deputy made.

Written Answers — Department of Finance: Tax Code (28 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 6, 26 and 61 together. The Government is very aware of the impact of rising fuel prices on households and businesses. These trends are driven primarily by global factors. The key drivers of this increase are increases in wholesale energy prices as a result of the rapid rebound in global demand, global supply chain disruptions and the imbalance between demand...

Written Answers — Department of Finance: Tax Code (28 Apr 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States...

Written Answers — Department of Finance: Tax Code (28 Apr 2022)

Paschal Donohoe: This Government is providing record levels of State investment for all forms of housing. Housing for All is the Government’s plan to increase availability and affordability of housing, and to create a sustainable housing system into the future. This year, €4 billion of Exchequer funding, supplemented by Land Development Agency funding and Housing Finance Agency lending, will be...

Written Answers — Department of Finance: Tax Data (28 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 10 and 64 together. Tax receipts in the first quarter of the year amounted to €17.2 billion. This was driven by particularly strong growth in income tax, VAT and corporation tax. Total tax revenue was up by over €4 billion, or more than 30 per cent, on the same period last year. Income tax receipts in the quarter were up by €900...

Written Answers — Department of Finance: Insurance Industry (28 Apr 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 expressly prohibits Member States from doing so....

Written Answers — Department of Finance: Insurance Industry (28 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 14, 23 and 52 together. Insurance reform is a key priority for this Government as evidenced by the fact that implementation of theAction Plan on Insurance Reformis overseen by the Cabinet Sub-Group on insurance reform. The second Implementation Report, which was published on 1 March 2022, shows that 80 per cent of the actions contained therein are now been...

Written Answers — Department of Finance: Vacant Properties (28 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 17, 19 and 20 together. The Government’s strategy ‘Housing For All’ includes an action for my Department to collect data on vacancy with a view to introducing a Vacant Property Tax. The timeframe for delivery on this commitment is the second quarter of 2022. The Finance (Local Property Tax) (Amendment) Act 2021 enabled Revenue to collect...

Written Answers — Department of Finance: Tax Reliefs (28 Apr 2022)

Paschal Donohoe: I am happy to advise the Deputy that there is already a tax incentive for new start up companies - Section 486C of the Taxes Consolidation Act 1997 provides relief from corporation tax for start-up companies in their first years of trading. I extended this relief in last year's Finance Act for a period of five years, to end-2026. In view of the challenges facing small businesses as a...

Written Answers — Department of Finance: Fiscal Policy (28 Apr 2022)

Paschal Donohoe: The Stability Programme Update (SPU), published by my Department earlier this month, projects an exchequer deficit of almost €1.1 billion for this year. On a general government basis, a deficit of €2.0 billion is in prospect for this year, the equivalent of 0.8 per cent of modified national income. Since Budget 2022was presented in October last year, Government has intervened...

Written Answers — Department of Finance: Tax Code (28 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 25 and 40 together. As part of the Government’s response to Covid-19, Budget 2021 brought the VAT rate for Hospitality and Tourism related services and goods down from 13.5% to 9%. This was initially planned for 14 months, from 1 November 2020 to 31 December 2021. This was then extended to 31 August 2022 in recognition of the difficulties facing...

Written Answers — Department of Finance: Tax Exemptions (28 Apr 2022)

Paschal Donohoe: I am advised by the Minister for Further and Higher Education, Research, Innovation and Science that the position in relation to apprentice 'off-the-job' training payments and allowances is as follows: - Craft apprentices alternate between ‘on-the-job’ training with an employer and ‘off-the-job training’ in an education centre. - For apprentices on...

Written Answers — Department of Finance: Tax Data (28 Apr 2022)

Paschal Donohoe: The Debt Warehousing Scheme was introduced to provide a vital liquidity support to businesses suffering a downturn due to the Covid-19 pandemic. Under the scheme, businesses can temporarily ‘park’ certain tax debts on an interest free basis until the end of this year (or until 30 April 2023 for businesses most impacted by the most recent public health restrictions and who are...