Results 5,381-5,400 of 32,547 for speaker:Paschal Donohoe

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...

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

Paschal Donohoe: The total of the VAT Receipts for January, February and March 2022 is €5,851 million. Tax Trend by Month €000 - Monthly Actual Out turn 2022 - January February March Total Valued Added Tax 3,107,722 260,849 2,482,287 5,850,858

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

Paschal Donohoe: At the outset, it is important to recognise that uninsured driving is a criminal offence and a road safety issue, and as such certain efforts to tackle this issue are relevant for my colleagues the Ministers for Justice and Equality, and Transport, respectively. I am cognisant of the fact that the cost of uninsured drivers is ultimately borne by innocent policyholders. The Motor Insurance...

Written Answers — Department of Finance: Cost of Living Issues (28 Apr 2022)

Paschal Donohoe: The Government has intervened on four occasions to address increases in the cost of living, at a combined cost of approximately €2.1 billion. Firstly, Budget 2022contained an income tax package amounting to €520 million. On the expenditure side, a social welfare package worth €558 million was introduced, including, among other measures, a general €5 rate increase...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Apr 2022)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide support with the objective of supporting employment and maintaining the link between the employer and the employee. The EWSS is operated on a self-assessment basis with the onus on applicants to satisfy themselves that they fully meet the eligibility criteria for the scheme as set down in the legislation and to self-declare to...

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

Paschal Donohoe: I propose to take Questions Nos. 36 and 42 together. At the outset, the Deputy should note that I wrote to Commissioner Gentiloni in early March regarding the need for Member States to have greater flexibility when responding to the energy crisis, particularly in relation to the VAT and Excise Directives. In addition, officials in my Department and their colleagues in Brussels are in...