Results 5,661-5,680 of 32,433 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Fuel Prices (9 Mar 2022)

Paschal Donohoe: The Diesel Rebate Scheme (DRS) was introduced in 2013 with the aim of providing support to road haulage and bus transport operators when the retail price of auto diesel is relatively high. The DRS is provided for in section 99A of Finance Act 1999 and operates on a sliding scale basis, whereby a partial rebate of Mineral Oil Tax (MOT) is available when the retail price of a litre of diesel...

Written Answers — Department of Finance: Departmental Funding (9 Mar 2022)

Paschal Donohoe: I wish to advise the Deputy that my Department did not make any payments to independent non-governmental organisations, including organisations with charitable status, non-profit organisations, religious bodies including churches, social enterprises, clubs or societies from 1 January 2020 to date.

Written Answers — Department of Finance: Cycling Policy (9 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 66 and 67 together. 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...

Written Answers — Department of Finance: Ukrainian War (9 Mar 2022)

Paschal Donohoe: Ireland is robust in meeting its obligations, as an EU member, that arise for all EU members from these autonomous restrictive measures. Adopting strong sanctions packages which should have a strong deterrent effect and long lasting impact on the Russian economy. EU sanctions announced to date in response to the situation are already the most extensive ever, including in relation to...

Written Answers — Department of Finance: Ukrainian War (9 Mar 2022)

Paschal Donohoe: The Register of Beneficial Ownership was established by the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019, Statutory Instrument 110 of 2019. Regulation 20 of this Statutory Instrument requires relevant entities to file information on their beneficial ownership to the Register of Beneficial Ownership. Regulation 23 requires that information...

Written Answers — Department of Finance: Tax Data (8 Mar 2022)

Paschal Donohoe: I am advised by Revenue that the cost of relief from income tax in respect of health expenses, for years up to 2018, the most recent tax year for which data are currently available, can be found in Revenue’s Costs of Tax Expenditures report, which is published at . The information for 2019 will be available at the same link in the coming weeks. The information for years 2020 and 2021...

Written Answers — Department of Finance: Tax Code (8 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...

Written Answers — Department of Finance: Banking Sector (8 Mar 2022)

Paschal Donohoe: As Minister for Finance, I have no role in the operational matters of any bank in the State. Decisions in this regard are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. As the deputy knows that the Central Bank of Ireland is the independent financial services regulator and is responsible for monitoring and...

Written Answers — Department of Finance: Departmental Staff (8 Mar 2022)

Paschal Donohoe: Number of staff (paid) 7 March 2022 - 339 Highest annual salary €215,998 Second highest annual salary €187,578 Pay Scales: Minister €115,913 Minister of State €40,464 Revised payscales with effect from 1 February 2022 for established employees appointed on or after 6 April 1995 paying the Class A rate of PRSI contribution and making an employee contribution in...

Written Answers — Department of Finance: Primary Medical Certificates (8 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, the...

Written Answers — Department of Finance: Economic Sanctions (8 Mar 2022)

Paschal Donohoe: The Deputy will be aware that the European Bank of Reconstruction and Development (or the EBRD) was established in 1991 to provide finance to help build market economies in former Warsaw Pact and Soviet Union countries in Central and Eastern Europe.  Since then, the Bank has progressively and significantly extended its geographical scope of operations and is currently active in nearly 40...

Written Answers — Department of Finance: Economic Sanctions (8 Mar 2022)

Paschal Donohoe: Ireland is at the forefront of EU efforts to adopt strong sanctions packages which will have an impact on the Russian economy. EU sanctions announced to date in response to the situation are already the most extensive ever.   European countries are aiming to stop Russian companies from tapping their markets for financing by barring access to market infrastructure.  Clearing is...

Written Answers — Department of Finance: Primary Medical Certificates (8 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, the...

Written Answers — Department of Finance: Economic Sanctions (8 Mar 2022)

Paschal Donohoe: It is important to note that sanctions enacted in the form of Regulations issued at EU level have direct effect across the Union. All natural and legal persons in the State are obliged to comply with such regulations. A breach of such a sanction is a criminal offence.  Targeted sanctions have been in place against specified Russian individuals and entities due to Russia’s...

Written Answers — Department of Finance: Fuel Prices (8 Mar 2022)

Paschal Donohoe: The current inflationary trend in fuels is driven by international market factors, primarily by rising demand due to the economic recovery, uncertainty in fuel markets due to the conflict situation in Ukraine, with secondary factors of rising EU ETS allowance prices, weather patterns and gas supply levels in Europe also contributing to rising costs. Of course, the Government is acutely aware...

Written Answers — Department of Finance: Tax Data (8 Mar 2022)

Paschal Donohoe: All propellant fuels, including petrol and diesel, are subject to an excise duty known as Mineral Oil Tax (MOT), which comprises a non-carbon component and a carbon component, the latter commonly referred to as carbon tax. A levy is also charged on petrol and diesel to cover the costs related to maintaining security of oil supplies.  This levy is administered by, and paid directly to,...

Written Answers — Department of Finance: Tax Data (8 Mar 2022)

Paschal Donohoe: I am advised by Revenue that the number of individuals and organisations claiming a repayment of Value Added Tax (VAT) and/or Vehicle Registration Tax (VRT) under the Drivers and Passengers with Disabilities (DPD) scheme is provided in the table below. The figures for 2021 are provisional at this point. Year Number of Claimants VRT & VAT €m ...

Written Answers — Department of Finance: Protected Disclosures (8 Mar 2022)

Paschal Donohoe: Section 22 of the Protected Disclosures Act requires the publication of a report in respect of protected disclosures received in the preceding year setting out certain information in respect of protected disclosures received. For the purposes of complying with section 22, my Department publishes information regarding protected disclosures formally identified as such, without identifying the...

Written Answers — Department of Finance: Tax Code (8 Mar 2022)

Paschal Donohoe: I should clarify that, prior to its expiry, the Home Renovation Incentive (HRI) operated as a relief from Income Tax (albeit at a rate of 13.5%) rather than VAT. The HRI provided tax relief by way of an income tax credit on repair, renovation or improvement works on principal private residences or rental properties carried out by tax compliant contractors. It was introduced in 2014 at a...

Written Answers — Department of Finance: Credit Unions (8 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 213 and 214 together. The Central Bank informs me that the total number of individual, actively trading credit unions has decreased from 415 as at 1st January 2010 to 210 as at 4th March 2022, a reduction of 205. This decrease has been driven in the significant majority of cases by the completion of voluntary transfers of engagements (TOEs). ...