Results 5,741-5,760 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Legislative Programme (14 Jun 2022)

Paschal Donohoe: The Central Bank (Individual Accountability Framework) Bill will drive positive changes in terms of culture, greater delegation of responsibilities, and enhanced accountability while simplifying the taking of sanctions against individuals who fail in their financial sector roles. The General Scheme of the Central Bank (Individual Accountability Framework) Bill was approved by Government and...

Written Answers — Department of Finance: Tax Reliefs (14 Jun 2022)

Paschal Donohoe: Tax relief for Trade Union subscriptions was previously provided for under section 472C of the Taxes Consolidation Act 1997 (TCA). The relief was introduced in 2001 and abolished from 2011 onwards. Professional membership fees are deductible under section 114 TCA where those fees are incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her...

Written Answers — Department of Finance: Tax Code (14 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 366 to 369, inclusive, 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 the Finance Act 1999...

Written Answers — Department of Finance: Tax Reliefs (14 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 370 and 371 together. Rental income from the leasing of agricultural land is exempt from income tax under Section 664 of the Taxes Consolidation Act (1997). I am advised by Revenue that the total tax relief, the average tax relief, and the average overall tax liability of taxpayer units claiming this relief in the years 2017 to 2019 (the latest year for which...

Written Answers — Department of Finance: Primary Medical Certificates (14 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 372 and 415 together. The Disabled Drivers and 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...

Written Answers — Department of Finance: Tax Credits (14 Jun 2022)

Paschal Donohoe: The allocation of Personal Public Service Numbers (PPSN) is a matter for the Department of Social Protection. Obtaining a PPSN using false documentation is an offence under social welfare legislation. I am advised by the Department of Social Protection that where a person is allocated a PPSN incorrectly, the Department of Social Protection takes all necessary steps to ensure that the...

Written Answers — Department of Finance: Interest Rates (14 Jun 2022)

Paschal Donohoe: The Department of Finance manages all the transactions on the Central Fund, which is the ‘Government’s bank account’, ensuring the smooth operation of Government business. In 2021, the value of transactions processed by the Department was in excess of €100 billion. Negative interest charges, when applicable, are therefore paid by the Department despite these being...

Written Answers — Department of Finance: Interest Rates (14 Jun 2022)

Paschal Donohoe: I am advised by a number of bodies under the aegis of my Department that they have been charged negative interest by financial institutions. Details provided by those bodies can be found below: Body under the Aegis of the Department of Finance Year Negative Interest Charges incurred Central Bank of Ireland 2021 €759,910 ...

Written Answers — Department of Finance: Departmental Staff (14 Jun 2022)

Paschal Donohoe: I wish to inform the Deputy that there are currently no former Secretary Generals seconded from the Department of Finance.

Written Answers — Department of Finance: Tax Code (14 Jun 2022)

Paschal Donohoe: I am informed by Revenue that Vehicle Registration Tax (VRT) does not depend on the type of fuel that a vehicle uses, but rather on the category into which the vehicle falls under the VRT legislation. Thus, there is no specific VRT treatment for vehicles that run on hydrotreated vegetable oil. The VRT on a Category A vehicle (e.g. passenger car) is generally based on the vehicle’s...

Written Answers — Department of Finance: Tax Reliefs (14 Jun 2022)

Paschal Donohoe: As I indicated in March last in my response to a similar question from Deputy Holly Cairns (No. 192 of 24 March), I acknowledge the cost pressures on parents with young children. In recognition of these pressures, a number of support measures are already in place to ease the burden on working parents. These include various tax-exemptedfinancial supports provided by the Minister for Children,...

Written Answers — Department of Finance: Tax Reliefs (14 Jun 2022)

Paschal Donohoe: As outlined in the 'Housing for All' strategy, the Government’s primary response to mitigating residential price inflation is to increase supply. The strategy outlines the plan to increase affordability and housing supply by committed to, amongst other things, an average of 2,000 new ‘cost rental’ homes every year, with targets of rents being at least 25 per cent below...

Written Answers — Department of Finance: Tax Exemptions (14 Jun 2022)

Paschal Donohoe: Where an employer provides an employee or director with a small benefit, that is, a voucher or a benefit (a tangible asset other than cash) with a value not exceeding €500, that benefit will be exempt from Income Tax, PRSI and USC, provided all of the conditions, contained within section 112B of the Taxes Consolidation Act 1997 are satisfied. The conditions are as follows - - the...

Written Answers — Department of Finance: National Asset Management Agency (14 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 381 to 383, inclusive, together. As the Deputy will be aware, NAMA does not own properties, it owns loans. The properties securing NAMA’s loans are owned by debtors. These debtors, or receivers in the case of enforcement, manage and control the properties. If a State body expresses interest in a property secured to NAMA, NAMA will facilitate...

Written Answers — Department of Finance: National Asset Management Agency (14 Jun 2022)

Paschal Donohoe: I refer the Deputy to section 172 of the NAMA Act 2009, which is a legal provision designed to prevent defaulting debtors from buying back their secured assets from NAMA. NAMA has enhanced this legislation with Asset Disposal and Loan Sale policies that are more wide-reaching than section 172. They encompass disposals of secured assets by debtors or receivers as well as loan assets being sold...

Written Answers — Department of Finance: Tax Code (14 Jun 2022)

Paschal Donohoe: As the Deputy may be aware, agricultural relief allows the value of agricultural assets gifted or inherited (including farmland, buildings, stock) to be reduced by 90% of its value for the calculation of a Capital Acquisition Tax (CAT) liability. This is a valuable relief from CAT and a fundamental objective of this relief is that it is availed of by genuine, and active farmers, and that it...

Written Answers — Department of Finance: Tax Code (14 Jun 2022)

Paschal Donohoe: As the Deputy is aware, Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. The RZLT is designed to prompt residential development by owners of land that is zoned for residential or mixed-use purposes and that is serviced. The RZLT is an annual tax, calculated at a rate of 3% of the market value of the land. Each local authority...

Written Answers — Department of Finance: Financial Services (14 Jun 2022)

Paschal Donohoe: ATM refers to Automated Teller Machines which allow the withdrawal of bank notes form customer accounts. It should be noted that the Minister for Finance has no direct function in the operations of banks operating in the State. This includes banks that the State is a shareholder, the Minister must ensure that these banks are run on a commercial, cost effective and independent basis. Actions...

Written Answers — Department of Finance: Housing Schemes (14 Jun 2022)

Paschal Donohoe: Help to Buy (HTB) has a two main stages: the application stage and the claim stage. Compliant taxpayers who complete a HTB application are provided with an application number and a summary of the maximum relief available to them under the incentive. A mortgage provider, broker, qualifying contractor or solicitor can use this summary to verify the relief available to the applicant, for the...

Written Answers — Department of Finance: Ukraine War (14 Jun 2022)

Paschal Donohoe: I wish to advise the Deputy that my Department does not recruit directly, recruitment into my Department is conducted through the Public Appointments Service (PAS). PAS is the central body with responsibility for recruitment into the Civil Service and wider Public Service, and as part of the recruitment process undertakes the responsibility to ensure qualifications meet the education...