Results 5,401-5,420 of 32,433 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Staff (7 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that there are currently 6 staff from my Department working with the European Union in Brussels, in addition to 3 Central Bank of Ireland staff who are currently seconded to the Department of Finance working with the European Union. 5 staff are based in the Permanent Representation of Ireland to the European Union (Perm Rep), whose roles and position are as...

Written Answers — Department of Finance: Banking Sector (7 Apr 2022)

Paschal Donohoe: While it is regrettable that Ulster Bank and KBC have decided to exit the Irish market, Government has no role in relation to the commercial decisions of any bank. However, it is my priority to ensure that each bank withdraws from the market in an orderly manner. My officials and I are engaging with the banks that have indicated their intentions to leave the market, to emphasise the...

Written Answers — Department of Finance: Fiscal Data (7 Apr 2022)

Paschal Donohoe: My Department will set out updated scenarios for the trajectory of the general government balance as part of comprehensive macroeconomic and fiscal forecasts in the Stability Programme Update, to be published next week. These projections will have a forecast horizon as far as 2025. My Department has not produced detailed annual deficit projections to 2030 of the nature outlined in the...

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

Paschal Donohoe: I am advised by Revenue that the estimated first and full year costs to the Exchequer of the Deputy's proposals are set out in the table below. The changes in the income tax rate bands are listed for single taxpayers, but the estimates include commensurate adjustments made for all other taxpayer categories. First year cost Full year cost 30% tax...

Written Answers — Department of Finance: Insurance Industry (7 Apr 2022)

Paschal Donohoe: While neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, I can assure the Deputy that this Government is committed to improving the cost and availability of insurance for all consumers, businesses and community groups, including the hospitality sector. The whole-of-Government approach being taken through the Action Plan for Insurance...

Written Answers — Department of Finance: Defibrillators Provision (7 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that my Department offices are not open to the general public, with the exception of approved appointments. However, these offices under my remit are equipped with defibrillator devices which are portable and can be transported in an emergency situation for use if required. The position in relation to the bodies under the aegis of my Department which are...

Written Answers — Department of Finance: Departmental Contracts (7 Apr 2022)

Paschal Donohoe: I can advise the Deputy that neither the Department of Finance nor bodies under the aegis of the Department of Finance have any record of consultancy contracts being awarded to the organisation named in the years 2017 to 2021.

Written Answers — Department of Finance: Departmental Contracts (6 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that I can provide information in respect of my Department only. As to private security, the Department of Finance does not utilise such services. In terms of cleaning services, the Department uses "Allpro Services" for these purposes. This company has been in situ since 2021, and was appointed following a competitive tendering process carried out in...

Written Answers — Department of Finance: Illicit Trade (6 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 30 and 31 together. In relation to Question No. 30 (Ref: 18451/22) the Deputy is aware that Revenue is independent in relation to its operational activities and I have no role in directing Revenue to investigate any specific sector. I am advised by Revenue that it conducts a full range of compliance interventions to combat all types of tax evasion, focusing...

Written Answers — Department of Finance: Tax Reliefs (6 Apr 2022)

Paschal Donohoe: As the Deputy is probably aware capital gains tax (CGT) is, as a general rule, chargeable on a gain arising on the disposal of an asset at the rate of 33%. The first €1,270 of chargeable gains of an individual in any year are exempt from CGT. Section 604 of the Taxes Consolidation Act, 1997 provides relief from CGT on the disposal of an individual’s principal private residence,...

Written Answers — Department of Finance: Oireachtas Committees (6 Apr 2022)

Paschal Donohoe: As the Deputy will be aware material prepared for Central Bank officials in preparation for their appearance at Oireachtas Committees or any other events are an internal matter for the Bank. The Central Bank is independent in the performance of its functions and this independence is enshrined in the Treaties of the European Union and in the Statute of the European System of Central Banks. The...

Written Answers — Department of Finance: Tax Data (6 Apr 2022)

Paschal Donohoe: I am advised that the information collected by Revenue in relation to nationality for the purposes of the Special Assignee Relief Programme (SARP), relates to the nationality of the relevant employee. The number of instances where the employer indicated that the relevant employee was a Russian national, for the years 2017 – 2019 (the latest year for which data are available), cannot...

Written Answers — Department of Finance: Tax Code (6 Apr 2022)

Paschal Donohoe: The Local Property Tax (‘LPT’) legislation provides for the possibility of deferring the charge to LPT in certain circumstances to assist individuals who may have difficulty paying the tax. The property must be the sole or main residence of the liable person and his or her gross income must be below certain thresholds. A qualifying person may opt to defer, or partially defer,...

Written Answers — Department of Finance: Tax Reliefs (6 Apr 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within Annex III of the Directive, in respect of which Member States may apply either one or two reduced rates of VAT. Ireland, in line with...

Written Answers — Department of Finance: Credit Unions (6 Apr 2022)

Paschal Donohoe: In response to the Deputy's question, the Central Bank has provided the following information - set out in tabular form below. (1) The amount paid out by the CIRF, by way of resolution actions, to support Credit Unions was provided in the answer to PQ 16583. (2) In addition to the resolution action amounts, legal fees were also incurred, details of which are contained in the CIRF financial...

Written Answers — Department of Finance: Tax Code (6 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 38 and 39 together. 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 when setting VAT rates as well as the new limitations introduced on how reduced rates may be applied. Decisions about tax changes are generally taken in...

Written Answers — Department of Finance: Tax Rebates (6 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 40, 41 and 42 together. I am advised by Revenue that the Value Added Tax (Refund of Tax) (No 15) Order 1981 provides for the refund of VAT incurred on qualifying goods for the use of persons with a disability. The Order specifies the degree of disability and defines the qualifying goods as goods which are aids or appliances, including parts and accessories,...

Written Answers — Department of Finance: Tax Reliefs (6 Apr 2022)

Paschal Donohoe: The Minister for Social Protection has announced the details of the Final Design principles for the Automatic Enrolment Retirement Savings System for Ireland. As set out in the Design Principles for Ireland’s Automatic Enrolment Retirement Savings System available at www.gov.ie/en/publication/27bab-launch-of-the-final-design-o...

Written Answers — Department of Finance: Tax Data (6 Apr 2022)

Paschal Donohoe: I am informed by Revenue that based on vehicle sales in 2021, adding a charge of €10 per additional kilogram over 1,800 kg to VRT category “A” type motor vehicles, excluding electric, hybrids and plug-in hybrids vehicles which are heavier than 1,800 kg, could raise an estimated €11.5m in additional taxes. This assumes no behavioural changes in vehicle acquisitions...

Written Answers — Department of Finance: Tax Data (6 Apr 2022)

Paschal Donohoe: I am aware that the European Commission has confirmed that EU member states can consider imposing temporary tax measures on windfall profits of energy providers and use the revenue generated to provide consumers with relief from high prices. Officials in my Department and the Department of the Environment, Climate and Communications are evaluating the potential for such a proposal. With...