Results 5,381-5,400 of 32,433 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Revenue Commissioners (26 Apr 2022)

Paschal Donohoe: I am advised that Revenue are not currently experiencing any delays in the processing of Capital Acquisitions Tax (CAT) certificates where all relevant information is received at the time of application. In some instances, Revenue may request additional information in support of the application and any delay in responding to those requests may lead to a delay in the processing of the...

Written Answers — Department of Finance: Primary Medical Certificates (26 Apr 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, the...

Written Answers — Department of Finance: Tax Code (26 Apr 2022)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. The VAT Directive obliges each Member State to have a standard rate of VAT and also allows that a Member State may choose to have no more than two reduced rates of VAT, which may be no less than 5%, and which may be applied to certain goods and services:  any of those...

Written Answers — Department of Finance: Departmental Staff (26 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that all secondments of staff out from the Department of Finance since January 2019 were agreed by the Department on a temporary basis where the staff would return to this Department upon the end of the stated duration of the secondment. The Department’s secondments follow the guidelines set out by the Department of Public Expenditure and Reform's...

Written Answers — Department of Finance: Tax Code (26 Apr 2022)

Paschal Donohoe: As I previously stated, 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. This was in addition, to the ongoing and frequent contact between officials in my Department and their colleagues in Brussels and the European...

Written Answers — Department of Finance: Tax Yield (26 Apr 2022)

Paschal Donohoe: As the Deputy is aware, the most recent projection of additional carbon tax revenues provided by my Department for the period 2021 to 2030 amounted to €9.2 billion, based on the Government’s commitment to increasing the amount that is charged per tonne of CO2 emissions from fuels to €100 by 2030. This is a key pillar underpinning the Government’s Climate Action...

Written Answers — Department of Finance: Tax Code (26 Apr 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...

Written Answers — Department of Finance: Compulsory Purchase Orders (26 Apr 2022)

Paschal Donohoe: The acquisition of a property by way of compulsory purchase order (CPO) is the disposal of an asset for the purposes of Capital Gains Tax (CGT).  Any chargeable gain arising on such a disposal is subject to CGT at a rate of 33%. The first €1,270 of total chargeable gains in respect of an individual in any year of assessment is exempt from CGT. It is the amount of the...

Written Answers — Department of Finance: Defective Building Materials (26 Apr 2022)

Paschal Donohoe: As the Deputy will be aware, the Programme for Government contains several commitments to support the ordinary home-owners who have been affected by these issues and it is the Government’s firm intention to find appropriate solutions for those who are affected.  My colleague, the Minister for Housing, Local Government and Heritage, has established an Independent...

Written Answers — Department of Finance: Apprenticeship Programmes (26 Apr 2022)

Paschal Donohoe: Off-the-job training payments made to craft apprentices by the Education Training Boards (ETBs) are chargeable to tax under Schedule E (taxed through the PAYE system) by virtue of Section 19 of the Taxes Consolidation Act (TCA) 1997, on the basis that the ETBs are paying a stipend to the apprentices out of public revenues of the State.  I am advised by Revenue that in 2021 payroll...

Written Answers — Department of Finance: Primary Medical Certificates (26 Apr 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. I gave a commitment that a comprehensive review of the scheme, to include a broader review of mobility supports for persons with disabilities, would be undertaken.  ...

Written Answers — Department of Finance: Research and Development (26 Apr 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 (an accounting...

Written Answers — Department of Finance: Departmental Data (26 Apr 2022)

Paschal Donohoe: My Department published updated macroeconomic projections as part of the draft Stability Programme Update (SPU) in mid-April. Against the backdrop of the war in Ukraine and the associated economic and geopolitical instability, energy and other commodity prices have soared. This in turn, has fed through to rising inflationary pressure which has dampened domestic economic activity.  ...

Written Answers — Department of Finance: Tax Code (26 Apr 2022)

Paschal Donohoe: Ireland’s taxation of fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). ETD provisions on mineral oils are transposed into national law in Finance Act 1999 which provides for the application of excise duty, in the form of Mineral Oil Tax (MOT), to specified mineral oils, such as petrol and diesel, that are used...

Written Answers — Department of Finance: Data Protection (26 Apr 2022)

Paschal Donohoe: I can confirm that CCTV used by my Department is not Hikvision or Dahua, and that facial recognition is not used in any of the buildings in which my Department is housed. The Central Bank of Ireland is a body under the aegis of my Department. It has advised that it has implemented appropriate and relevant physical security measures to ensure the ongoing protection of the organisation....

Written Answers — Department of Finance: Departmental Schemes (26 Apr 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 Collection (7 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 238, 239 and 240 together. 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...

Written Answers — Department of Finance: Vacant Properties (7 Apr 2022)

Paschal Donohoe: 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 certain information in relation to the occupancy status of...

Written Answers — Department of Finance: Tax Code (7 Apr 2022)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. The RZLT is designed to prompt residential development by owners of land that is zoned for residential or mixed-use purposes and that is serviced. The RZLT is an annual tax, calculated at a rate of 3% of the market value of the land. It applies to land that is both zoned as...

Written Answers — Department of Finance: Tax Code (7 Apr 2022)

Paschal Donohoe: I am advised by Revenue that it is not possible to identify the volume of Marked Gas Oil (MGO) consumption in specific sectors of the economy. As such, Revenue cannot provide the cost for the proposed measure to reduce the non-carbon component rate on MGO to zero in respect of its use in agricultural, horticultural or piscicultural works and in forestry until the end of August 2022. It is...