Results 5,501-5,520 of 32,433 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Vacant Properties (5 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 Reliefs (5 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 239 and 248 together. Section 477C of the Taxes Consolidation Act 1997 requires that applicants for the Help to Buy Scheme (HTB) must be first-time buyers. This includes circumstances where there is more than one person involved in the purchase or building of a new home. The definition of first time buyer in Help to Buy is as follows: 'first-time purchaser'...

Written Answers — Department of Finance: Public Sector Staff (5 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that neither my Department, nor any of the bodies under the aegis of my Department, has any staff absent for the reasons outlined.

Written Answers — Department of Finance: Tax Code (5 Apr 2022)

Paschal Donohoe: Over the past few years, my Department has worked closely with the Central Bank of Ireland to limit the impact of key identified risks in the Irish financial system and to ensure that the sector was adequately prepared for Brexit. My Department and the Central Bank continue to monitor developments and activities in the financial sector. However the issue raised by the Deputy is not a...

Written Answers — Department of Finance: State Claims Agency (5 Apr 2022)

Paschal Donohoe: The National Treasury Management Agency (NTMA) which acts as the State Claims Agency in conducting the state's claims management function has informed me that the information contained in the table below was extracted from the National Incident Management System (NIMS). This report shows the number of claims received by the State Claims Agency from 2016 to 2021. This report is correct as of...

Written Answers — Department of Finance: Electric Vehicles (5 Apr 2022)

Paschal Donohoe: As the Deputy will be aware, VRT is paid on a vehicle's first registration in the State. The same tax applies to new vehicles and used imports alike. The Government is committed to incentivising electric vehicles (EVs) as has been reflected in the wide suite of measures which have facilitated an exponential growth in EV registrations over the past number of years. The Programme for...

Written Answers — Department of Finance: Tax Data (5 Apr 2022)

Paschal Donohoe: I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific services on their VAT returns. Therefore, it is not possible to provide an accurate costing for the potential measures outlined. However, a tentative estimate of the likely cost of a change from the present rate of 13.5% on domestic electricity, home heating oil and gas...

Written Answers — Department of Finance: Tax Reliefs (5 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 the energy crisis, particularly in relation to the VAT and Excise Directives. I will continue to work with my European counterparts and the EU Commission to respond to the current energy crisis.

Written Answers — Department of Finance: Tax Code (5 Apr 2022)

Paschal Donohoe: I understand that the proposal for reform of VAT rates is currently being finalised, this process involves, inter alia, ensuring consistent translations of the text in every working language of the European Union. Once finalised, I expect the proposal will be published in the Official Journal of the European Union in the coming weeks. Officials in my Department are currently reviewing the...

Written Answers — Department of Finance: Tax Code (5 Apr 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive 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, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of...

Written Answers — Department of Finance: Flexible Work Practices (5 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that all staff of my Department have been working on a blended working pattern since 28 January 2022. Each Division/Business Unit has an “anchor day” each week when all the team attend the office. Blended working patterns are agreed at a local level to ensure business needs are met. My Department is currently working on a Blended Working Policy in...

Written Answers — Department of Finance: Revenue Commissioners (5 Apr 2022)

Paschal Donohoe: I am advised by Revenue that the Criminal Justice (Surveillance) Act 2009 authorises a small number of public bodies, including Revenue, to undertake surveillance of persons, places or vehicles using surveillance devices. It provides that Revenue’s powers under the Act may be used in respect of a revenue offence, that is an arrestable offence, under section 14 of the Customs Act...

Written Answers — Department of Finance: Banking Sector (5 Apr 2022)

Paschal Donohoe: In the absence of more complete information, and in light of the fact that the annual stamp duty charge for a credit card account is €30, I must assume that the "accounts" referred to in this question are credit card accounts. No stamp duty charge of that amount applies in respect of other types of bank account. I am informed by Revenue that there is no Government charge for...

Written Answers — Department of Finance: Economic Sanctions (5 Apr 2022)

Paschal Donohoe: It is important to note that all natural and legal persons in the State are obliged to comply with EU sanctions measures. Regulations issued at EU level have direct effect across the Union. A breach of such a sanction is a criminal offence. Sanctions have been in place against Russian individuals and entities due to Russia’s actions in relation to Ukraine since 2014. These have...

Written Answers — Department of Finance: Tax Reliefs (5 Apr 2022)

Paschal Donohoe: Section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the Cycle-to-Work scheme. This scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and associated safety equipment for an employee. Under section 118B TCA 1997 an employer and employee may also enter into a salary sacrifice arrangement under which the employee agrees to...

Written Answers — Department of Finance: Credit Unions (5 Apr 2022)

Paschal Donohoe: This Government recognises the importance of credit unions. The Programme for Government contains commitments to: - Review the policy framework within which Credit Unions operate; - Enable and support the Credit Union movement to grow; - Support Credit Unions in the expansion of services, to encourage community development; and - Enable the credit union movement to grow as a key provider of...

Written Answers — Department of Finance: Mortgage Interest Rates (5 Apr 2022)

Paschal Donohoe: The Central Bank has indicated that, in the event of a regulated entity withdrawing from the Irish market, the withdrawal must be undertaken in accordance with the provisions of Irish financial services legislation, including the Central Bank’s codes of conduct and specifically, Provision 3.11 of the Consumer Protection Code 2012. Under Provision 3.11 of the Code, a regulated firm...

Written Answers — Department of Finance: Tax Data (5 Apr 2022)

Paschal Donohoe: The Deputy will be aware that section 604A of the Taxes Consolidation Act, 1997 provides for relief from Capital Gains Tax (CGT) on the disposal of certain investment property purchased between 7 December 2011 and 31 December 2014, where that property is held for 7 years. The gain attributed to that 7-year period will not attract CGT. However, where the property is held for more than 7 years,...

Written Answers — Department of Finance: Tax Data (5 Apr 2022)

Paschal Donohoe: A Real Estate Investment Trust (REIT) is a quoted company used as a collective investment vehicle to hold rental property. The purpose of the REIT regime is to allow for a collective investment vehicle which provides a comparable after-tax return to investors as direct investment in rental property, by eliminating the double layer of taxation at corporate and shareholder level which would...

Written Answers — Department of Finance: Real Estate Investment Trusts (5 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 260 to 262, inclusive, together. The questions all relate to the Irish Real Estate Fund (‘IREF’) regime. An IREF is an investment undertaking which derives 25% or more of its value from IREF assets. An investment undertaking may also be regarded as an IREF where it is reasonable to consider that the main purpose or one of the main purposes of...