Results 5,281-5,300 of 33,883 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I have already informed the committee that both reliefs constitute EU state aid. This aid is granted under the ABER regulation, to which I referred in my initial answer. Provision is made in the ABER regulation for any exempted scheme to remain exempt for an adjustment period of six months from that date. The current ABER comes to an end on 31 December but allows schemes that are currently...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 46: In page 73, between lines 27 and 28, to insert the following: “Farming: accelerated allowances for capital expenditure on slurry storage 25. (1) The Principal Act is amended— (a) in Chapter 1 of Part 23, by the insertion of the following section after section 658: “Farming: accelerated allowances for capital expenditure on slurry storage 658A....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I am getting an answer to the question about two years and four years. I just want to understand it more fully myself and put it in the best language possible. Would the Deputy mind if I answered that question more fully when we get to the section on retrofitting?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I will come back to that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I understand the question the Deputy is putting to me, which is to deal with the two other matters he has put to me. He is correct that the expenditure has to be incurred in the 12 months immediately prior to letting. I have already answered the Deputy's second question. It is two years for retrofitting, but by the time we get to that section I will have a better answer for the Deputy on...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I move amendment No. 47: In page 73, after line 36, to insert the following: “Deduction for retrofitting expenditure 26.The Principal Act is amended by the insertion of the following section after section 97A: “97B.(1)In this section— ‘Act of 2004’ means the Residential Tenancies Act 2004; ‘approved retrofitting grant’ means any of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: The Deputy is right in saying that the key feature of it is that capital allowances may be drawn down over a shorter period of two years. So, he is correct in his question to me. He also asked about the relevant period, which is the period under which retrofitting expenditure may be claimed against this relief. That is from 2023 to 2025. That is the first question the Deputy put to me...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: -----and come back to it later on.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I am aware of the criticism of how difficult it can be in some parts of the country to get the retrofitting work done. We have tried to recognise that in having a relevant period from 2023 to 2025. I accept there is a risk there and there may not be enough operators available to do the work. The Department will need to review that in due course and decide whether the scheme needs to be...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I will certainly consider the point to the Deputy has made. However, we consulted the SEAI and the Department of Environment, Climate and Communications on this measure. They were involved in the decision that we made on the timeframe for how long the scheme would be available and on the definition of "relevant". I am eager to move ahead with this because even within my own constituency I...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: We need to build more homes and have the different investments and policies in place to allow more homes to be built in our country. The Deputy asked about my track record on this. My track record also means that for 2023, €4 billion of Exchequer funding has been made available to lead to the building of more homes. Even though we need to build even more homes in the time ahead,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I am not living in any bubble. I represent a constituency that is directly affected by the pressures Deputy Doherty is referring to. I have never suggested that our housing difficulties are caused by the war or the pandemic. I have made the case that fixing them over the last numbers of years has been affected by those developments. It has been affected by the fact that the construction...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: Housing was affected.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I am going to go on about this to the Deputy.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: The Deputy may think I am provoking him now but he should listen to what I am going to say. The policies he is making the case for will let down the people he referred to who have gone to live in Sydney. When he looks at nurses and tells me that his party's policies are going to make a difference-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I am only getting going about what I am going to say to the Deputy.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I am only getting going.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I am only getting going with what I am going to say to Deputy Doherty. I meet the people who are affected by the housing difficulties, which I know are there. I meet the people who are worried about their rents, what they can afford in the future and their future in our country. I can see the anger and worry as clearly as the Deputy can. What I am trying to do is bring forward policies...