Results 5,641-5,660 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Household Debt (31 Mar 2022)

Paschal Donohoe: The table to which the Deputy refers, which was contained within the Distributional Analysis of Budget 2022 published by the Departments of Finance and Public Expenditure and Reform, shows the changes in weekly equivalised household disposable income as a result of the Budget’s tax and welfare measures. The analysis is conducted using SWITCH, the ESRI’s tax-benefit...

Written Answers — Department of Finance: Tax Reliefs (31 Mar 2022)

Paschal Donohoe: As the Deputy will be aware, 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 and was introduced in 2009. The cycle to work scheme operates on a self-administration basis. Relief is...

Written Answers — Department of Finance: Financial Services (31 Mar 2022)

Paschal Donohoe: For convenience I set out below the response I provided to the Deputy on this question on 19 January 2022. The Central Bank of Ireland is designated as the supervisory authority with respect to the Investment Intermediaries Act 1995 ('the IIA'). Section 39(1) of the IIA sets out that any person proposing to make an "acquiring transaction" (as defined in section 38(2) of the IIA) of...

Written Answers — Department of Finance: Vehicle Registration Tax (31 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 225 and 227 together. I am advised by Revenue that the number of vehicles seized for Vehicle Registration Tax (VRT) related offences and the number of cases where a compromise penalty was paid for each of the years 2015 to 2021 is set out in Table 1 below. A breakdown of compromise penalties refunded by number and by value is not available as information is...

Written Answers — Department of Finance: Tax Residency (31 Mar 2022)

Paschal Donohoe: The query relates to the criteria for eligibility for exemption from the requirement to be registered with the Revenue Commissioners for Vehicle Registration Tax (VRT) purposes where a vehicle is temporarily brought into the State. I am informed by Revenue that it may grant a vehicle temporary exemption from the requirement to register a vehicle in the State for VRT if it is owned or...

Written Answers — Department of Finance: Banking Sector (31 Mar 2022)

Paschal Donohoe: My Department is in regular contact with both KBC and Ulster Bank. In all engagements it is emphasise the need for an orderly withdrawal. Both Ulster Bank and KBC will be providing me with regular updates, in the months ahead, regarding account numbers and any issues consumers are encountering with moving their account. My Department is also in regular contact with key stakeholders,...

Written Answers — Department of Finance: Gender Equality (31 Mar 2022)

Paschal Donohoe: The Gender Pay Gap Information Act 2021, once regulations are made, will require certain employers to publish information relating to the remuneration of their employees by reference to the gender of such employees for the purpose of showing whether there are differences in such remuneration referable to gender. My Department continually seeks to grow its people and enhance its culture to...

Written Answers — Department of Finance: Transport Policy (31 Mar 2022)

Paschal Donohoe: The Cycle-to-Work scheme is an action of my Department and Revenue that encourages people to cycle to and from work. Section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for this scheme. This scheme provides an exemption from benefit-in-kind where an employer purchases a bicycle and associated safety equipment for an employee. Under section 118B TCA 1997, an employer and...

Written Answers — Department of Finance: Tax Code (30 Mar 2022)

Paschal Donohoe: VAT is governed by the EU VAT Directive, with which Irish VAT law must comply. Article 78 of the VAT Directive provides that the taxable amount shall include “taxes, duties, levies and charges, excluding the VAT itself”. The amount on which VAT is chargeable, in accordance with section 37(1) of the Value-Added Tax Consolidation Act 2010, is the total consideration receivable by...

Written Answers — Department of Finance: Tax Code (30 Mar 2022)

Paschal Donohoe: I am advised by Revenue that rent payments for standalone accommodation on an individual’s property are subject to taxation in the same manner as any residential property that is let by its owner. Section 97(1) Taxes Consolidation Act (TCA) 1997 sets out the rules for computing rental profits or gains in such circumstances. Landlords are entitled to deduct certain expenses from...

Written Answers — Department of Finance: Insurance Industry (30 Mar 2022)

Paschal Donohoe: Government fully recognises the concerns felt by many consumers and businesses regarding the cost and availability of insurance. However, it should be noted that according to the CSO that in February 2022, the price of motor and home insurance decreased by 11 and 1 per cent respectively year-on-year, despite a 5.6 per cent rise in the general price level over the corresponding period....

Written Answers — Department of Finance: Primary Medical Certificates (30 Mar 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,...

Written Answers — Department of Finance: Tax Data (30 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 31 and 32 together. I am advised by Revenue that approximately 2,700 apprentices started off-the-job training in January 2022, the returning of these apprentices takes place at different stages, but the majority should have returned to their primary employer in March. Tax returns data available to Revenue do not distinguish in what phase an apprentice is in....

Written Answers — Department of Finance: Tax Reliefs (29 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 257 and 259 together. I propose to take these questions together as they are related. Section 469 of the Taxes Consolidation Act 1997 (TCA 1997) provides for tax relief where an individual proves that he or she has incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health...

Written Answers — Department of Finance: Housing Schemes (29 Mar 2022)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives 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 the legislation. Section 477C Taxes Consolidation Act (TCA) 1997 outlines the...

Written Answers — Department of Finance: Tax Data (29 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 260 and 261 together. 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). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. ETD provisions on mineral oils are transposed into national law in Finance Act 1999 (as amended)....

Written Answers — Department of Finance: Tax Code (29 Mar 2022)

Paschal Donohoe: As the Deputy will be aware officials in my Department and their colleagues in Brussels are in frequent contact with the European Commission across a wide range of issues. Discussions may include direct bilateral contact as well as engagement at Working Parties, High Level Working Parties and at Coreper. In addition, as Minister for Finance and President of the Eurogroup I engage directly...

Written Answers — Department of Finance: Revenue Commissioners (29 Mar 2022)

Paschal Donohoe: I am advised that the Deputy’s question relates to PAYE taxpayers. Revenue has advised me that most PAYE income tax returns are submitted online and any refunds due are generally paid to the taxpayer’s bank account within three to five working days. Exceptions may occur where an income tax return is selected for further checking or where Revenue needs to contact the taxpayer to...

Written Answers — Department of Finance: Tax Rebates (29 Mar 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, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of which Member States may apply a...

Written Answers — Department of Finance: Office of the Comptroller and Auditor General (29 Mar 2022)

Paschal Donohoe: The Office of the Comptroller and Auditor General is a body under the aegis of my Department and is an equal opportunities employer. Its recruitment and promotion activity is undertaken in accordance with the Public Service Management (Recruitment and Appointments) Act 2004 and the code of practice issued by the Commission on Public Service Appointments. I am informed by the Office of the...