Results 5,821-5,840 of 33,118 for speaker:Paschal Donohoe

Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: From the Seanad (25 May 2022)

Paschal Donohoe: The amendments refer to the Government decision with regard to the 9% VAT rate. The House will be well aware of the challenge that sector has faced during a prolonged period of the implementation of public health measures, due to which restaurants and hotels had to be closed for so long. I am also conscious that we are now in a position where, at the end of this month, the employment wage...

Written Answers — Department of Finance: Departmental Schemes (25 May 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 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 diesel exceeds...

Written Answers — Department of Finance: Tax Code (25 May 2022)

Paschal Donohoe: Stamp duty on the sale of residential properties such as apartments and houses is chargeable at the rate of 1% where the consideration does not exceed €1 million. Where the consideration exceeds €1 million, stamp duty is chargeable at 1% on the first €1 million and 2% on the balance. Stamp duty is payable by the purchaser. However, a higher stamp duty rate of 7.5%...

Written Answers — Department of Finance: Tax Data (25 May 2022)

Paschal Donohoe: I am informed by Revenue that the revenue generated from stamp duty in each of the years from 2018 to 2021 is published on the Revenue web site at the following link: www.revenue.ie/en/corporate/documents/statistics/receipts/ne t-receipts.pdf. Stamp duty receipts for the period from 1 January 2022 to 30 April 2022 were €537 million. This figure is provisional and may be subject to...

Written Answers — Department of Finance: Tax Data (25 May 2022)

Paschal Donohoe: I am advised by Revenue that the data for national totals in excise duty, VAT and corporation tax for the years 2004 to 2021 are available on the Revenue website under the Receipts heading on the Statistics on income, tax and duties page. Due to the manner in which tax and duty liabilities are returned to Revenue, it does not have statistical data for these taxes on the basis of electoral...

Written Answers — Department of Finance: Tax Credits (25 May 2022)

Paschal Donohoe: I am informed by Revenue that, on the basis of R&D relief claimed in respect of the year 2020, the most recent year for which tax returns data are available, the cost of increasing the rate of R&D credit from 25% to 35%, up to a threshold of the first €500,000 of allowable expenditure, would be in the region of €40 million. This estimate does not include the impact of...

Written Answers — Department of Finance: Financial Services (25 May 2022)

Paschal Donohoe: Mortgage lenders are required to comply with the relevant legal and regulatory requirements governing the provision and operation of mortgage credit agreements entered into by consumers. This includes the relevant provisions of the Consumer Credit Act 1995, the European Union (Consumer Mortgage Credit Agreements) Regulations 2016, the Central Bank of Ireland Consumer Protection Code 2012 and...

Written Answers — Department of Finance: Tax Exemptions (24 May 2022)

Paschal Donohoe: Officials in my Department are currently reviewing the options now available to Ireland in setting VAT rates. This will include consideration of the new options available to Member States  as a result of the recently updated EU VAT rules when setting VAT rates as well as the new limitations introduced on how reduced rates may be applied. Decisions about tax changes are generally taken in...

Written Answers — Department of Finance: Revenue Commissioners (24 May 2022)

Paschal Donohoe: I am advised by Revenue that all Revenue public offices, excluding ports, airports and trade facilitations stations remain closed to the public until further notice. Revenue continues to provide a full range of online services for taxpayers to manage their tax affairs, which for the most part removes any requirement to access public offices. These services, which include an online...

Written Answers — Department of Finance: Tax Yield (24 May 2022)

Paschal Donohoe: I am informed by Revenue that traders are not required to separately identify the VAT generated from the sale or supply of specific products or services in their VAT returns. Therefore, the information requested by the Deputy is not available from Revenue records.

Written Answers — Department of Finance: Government Communications (24 May 2022)

Paschal Donohoe: My Ministerial email address is minister@finance.gov.ie Minister of State Fleming’s Ministerial email address is mos@finance.gov.ie The following is the postal address for both myself and the Minister of State: Department of Finance Government Buildings Upper Merrion Street Dublin 2 D02 R583

Written Answers — Department of Finance: Revenue Commissioners (24 May 2022)

Paschal Donohoe: I am advised by Revenue that while membership of a professional accountancy body is among the eligibility requirements in its recruitment to senior management tax specialist posts, there has been no recruitment of forensic accountants to Revenue from 1 January 2021 to 17 May 2022. Of the c.250 Revenue staff who are qualified accountants, four have undertaken the Diploma in Forensic...

Written Answers — Department of Finance: Tax Yield (24 May 2022)

Paschal Donohoe: I am informed by Revenue that the amount of betting duty collected between 1stJanuary to the 31stDecember 2021 and to date in 2022 is as set out in the table below.   Year Total Betting Duty €m Betting Intermediary Duty €m 2021 89.1 4.1 2022 (to 30 April) 51.2 2 Please...

Written Answers — Department of Finance: Tax Clearance Certificates (24 May 2022)

Paschal Donohoe: I am advised by Revenue that the person concerned is not being taxed on the emergency basis. The person concerned, and their spouse are jointly assessed for tax purposes and the majority of their combined tax credits are allocated to the person concerned. The person’s tax credits have been reduced to take account of the tax due in respect of a DSP payment currently being received...

Written Answers — Department of Finance: Tax Yield (24 May 2022)

Paschal Donohoe: I am informed by Revenue that the revenue raised through Mineral Oil Tax on Marked Gas Oil (MGO) in each of the years 2003 to 2020 is published on the Revenue web site at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx The revenue raised through Mineral Oil Tax on MGO for 2021 was...

Written Answers — Department of Finance: Tax Reliefs (24 May 2022)

Paschal Donohoe: The present position is that agricultural contractors are not entitled to avail of relief from increases in the carbon tax on farm diesel under section 664A of the Taxes Consolidation Act 1997. This is because farming, which is defined in section 654 of the Taxes Consolidation Act, requires the occupation of farmland. Agricultural contracting does not involve the occupation of farmland. The...

Written Answers — Department of Finance: Public Sector Staff (24 May 2022)

Paschal Donohoe: I wish to advise the Deputy that Section 483 of the Taxes Consolidation Act 1997, provides for a gift on an annual basis to be made to the Minister for Finance to be applied for any purpose or towards the cost of which public moneys are provided.  Gifting of salary is a personal matter for individual taxpayers. If an official wishes to gift part of his or her salary, the relevant...

Written Answers — Department of Finance: Insurance Industry (24 May 2022)

Paschal Donohoe: Firstly, it is important to point out that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products. This is a commercial matter for individual companies to assess on a case-by-case basis and in accordance with their own calculation of various factors, including risk. This position is reinforced by the EU Single Market framework for insurance (the...

Written Answers — Department of Finance: Departmental Investigations (24 May 2022)

Paschal Donohoe: My Department has not commissioned any investigations into instances in which Departmental documents or information was leaked to the media during the timeframe specified.

Written Answers — Department of Finance: Job Creation (19 May 2022)

Paschal Donohoe: The COVID-19 pandemic had a severe impact on Ireland’s labour market, with the number of persons in receipt of some form of state income assistance peaking at around 1.2 million in May 2020. More recently, the Government’s labour market policy response, which effectively maintained the employer-employee link to prevent labour market scarring, has paved the way for a rapid...