Results 541-560 of 9,090 for speaker:Jack Chambers

Written Answers — Department of Finance: Official Travel (16 Oct 2024)

Jack Chambers: It was not possible for my Department to provide the information sought in the time available. I will, however, make arrangements to provide the information to the Deputy as soon as possible.

Written Answers — Department of Finance: Departmental Expenditure (16 Oct 2024)

Jack Chambers: I wish to inform the Deputy that in the 10 years to date my Department has had only one public relations contract, with Daniel J. Edelman Ireland Limited. The duration of the contract was from August 2019 to January 2020. This contract was for the provision of specialist advice on using social media in overseas markets to promote Ireland for Finance. The value of this contract was...

Written Answers — Department of Finance: Departmental Consultations (16 Oct 2024)

Jack Chambers: The information requested by the Deputy in relation to the amount spent by my Department on advertising from 2014 to date in 2024 is set out in tabular form below. This information with a further break down is available at www.gov.ie/en/collection/ae6733-consultancy/. Year Total Cost Inc. VAT 2014 €1,757,595.00 2015 ...

Written Answers — Department of Finance: Departmental Advertising (16 Oct 2024)

Jack Chambers: The information requested by the Deputy in relation to the amount spent by my Department on advertising from 2014 to date in 2024 is set out in tabular form below which includes both traditional and online advertising. The Department is not in a position to demarcate online spend from other forms of expenditure, as some advertising will inevitably involve both. Year ...

Written Answers — Department of Finance: Tax Yield (16 Oct 2024)

Jack Chambers: I am informed by Revenue that traders are not required to separately identify the VAT from specific goods and services on their periodic VAT returns. Therefore, it is not possible to provide the VAT yield on all energy related products and services using taxpayer information alone. However, using Revenue data and third party sources, a tentative estimate of VAT received on energy bills is as...

Written Answers — Department of Finance: Tax Yield (16 Oct 2024)

Jack Chambers: I am advised by Revenue that the receipts collected in respect of Fuel Taxes in each of the past ten years up to 2023 are published on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx. The provisional receipts for the year to September 2024 are shown in the following table: January...

Written Answers — Department of Finance: Tax Code (16 Oct 2024)

Jack Chambers: The VAT treatment 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, currently 23% in Ireland, unless they fall within categories of goods and services specified in Annex III of the Directive, in respect of which a Member State may decide apply a lower...

Written Answers — Department of Finance: Tax Code (16 Oct 2024)

Jack Chambers: I note the issues raised in the correspondence shared by the Deputy, relating to tax treatment of Exchange Traded Funds, or ETFs, and individual savings accounts. Regarding both the tax treatment of ETFs and individual savings accounts, it will be of interest to the Deputy that my Department published the Terms of Reference for a review of Ireland’s funds sector - ‘Funds...

Written Answers — Department of Finance: Charitable and Voluntary Organisations (16 Oct 2024)

Jack Chambers: The general regulation of charities, including monitoring the activities of individual charities, is a matter for the Charities Regulator, an independent body set up under the Charities Act 2009, which was introduced to make provisions for the registration, regulation and protection of charitable organisations and trusts. All applications to register as a charity must be submitted to the...

Written Answers — Department of Finance: Tax Data (16 Oct 2024)

Jack Chambers: I propose to take Questions Nos. 88 and 89 together. The Standard Fund Threshold (SFT) is the maximum allowable pension fund on retirement for tax purposes which was introduced in Budget and Finance Act 2006 to prevent over-funding of pensions through tax-relieved arrangements. I am informed by Revenue that they are unable provide a costing for changes to the SFT. Information on the...

Written Answers — Department of Finance: Pension Provisions (16 Oct 2024)

Jack Chambers: I am advised by Revenue that the earliest at which an individual can take retirement benefits is usually age 60 years. However, the terms of a retirement benefit scheme or pension product may provide that an individual can retire and take benefits from age 50 years. This is provided for in section 772(3)(a) and (4)(b)(ii) Taxes Consolidation Act 1997 (TCA) for occupational pension schemes,...

Written Answers — Department of Finance: Tax Code (16 Oct 2024)

Jack Chambers: There is no tax credit available for costs incurred on the disposal of incontinence pads. I am informed by the Department of Environment, Climate and Communications (DECC), that they have, for some time, been examining the issue of a support for persons with long-term incontinence with respect to the disposal of medical incontinence wear. To this end, they have engaged with a number of...

Written Answers — Department of Finance: Legislative Measures (16 Oct 2024)

Jack Chambers: I assume the Deputy is referring to section 7(a)(ii) of the Finance Bill 2024 (as initiated) which, once enacted, will amend the definition of “qualifying residence” in section 477C(1) of the Taxes Consolidation Act 1997. Section 477C provides for the Help to Buy (“HTB”) scheme. One of the policy aims of the HTB scheme is to incentivise the construction of...

Written Answers — Department of Finance: Tax Exemptions (16 Oct 2024)

Jack Chambers: Under the “Small Benefit Exemption”, an employer may provide, to each of their employees, up to two small relevant incentives (that is, a voucher or benefit) per year of assessment which will be exempt from Income Tax, PRSI and USC, provided all of the conditions contained within section 112B of the Taxes Consolidation Act 1997 (TCA) are satisfied. The main conditions for the...

Written Answers — Department of Finance: Legislative Measures (16 Oct 2024)

Jack Chambers: I am advised by Revenue that, prior to 1 January 2023, where the combined contributions by an employer and an employee to the employee’s Personal Retirement Savings Account (PRSA) did not exceed the employee’s annual percentage limit (between 15% and 40% of “net relevant earnings”, varying depending on age, up to a maximum relieved salary of €115,000) the...

Written Answers — Department of Finance: Legislative Measures (16 Oct 2024)

Jack Chambers: Section 90 of Finance Bill 2024, as published, amends Schedule 1 to the Stamp Duties Consolidation Act 1999. It gives effect to a Financial Resolution passed by the Dáil on Budget night to increase the standard rates of Stamp Duty payable on transfers of residential property and the higher rate of Stamp Duty payable on bulk acquisitions of houses. In respect of the first of those, prior...

Written Answers — Department of Finance: Departmental Schemes (16 Oct 2024)

Jack Chambers: The Deputy should note that all five members of the new Disabled Drivers Medical Board of Appeal (DDMBA) were formally appointed in September 2023. Following preparatory work which included developing working methods, determining clinical criteria for prioritising the waiting list and scheduling appeal hearings, appeal hearings recommenced in the first half of December 2023. It took...

Written Answers — Department of Finance: Commissions of Investigation (16 Oct 2024)

Jack Chambers: I can advise the Deputy that there has been one Commission of Investigation for which my Department has been responsible. The Commission of Investigation into the Banking Sector was established on 21 September 2010 by the Commission of Investigation (Banking Sector) Order 2010 (S.I. 454 of 2010) pursuant to s. 3(1) of the Commissions of Investigation Act 2004. Mr Peter Nyberg was...

Written Answers — Department of Finance: Tax Code (15 Oct 2024)

Jack Chambers: I propose to take Questions Nos. 188 and 203 together. 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 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 EU VAT...

Written Answers — Department of Finance: Departmental Records (15 Oct 2024)

Jack Chambers: I propose to take Questions Nos. 189, 196, 226, 227, 228, 229 and 230 together. Department of Finance records, including those relating to NAMA and IBRC in Special Liquidation, are subject to the Department of Finance Records Management Policy and Procedures. These procedures support the Department’s business needs and also ensure compliance with the relevant legislation, the National...