Results 5,841-5,860 of 35,563 for speaker:Pearse Doherty
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: Therefore, €6 million would be the additional cost for news periodicals. Is that correct?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: Fine. In terms of their online editions, the Bill proposes to provide for zero-rate VAT for newspapers, including digital editions. How will Sunday newspapers work in this regard? What is the difference between a weekly published newspaper and a weekly news periodical? Is it the paper it is printed on? What is the definition in VAT law? Let us consider, for example, Phoenixmagazine and...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: I support the measure but I am trying to understand it. I am using brand names and it is no reflection on any of the brand names I am using, including the Phoenixand the Sunday Independent, which I have already mentioned. Let us consider just e-publications. The Currencyis just an online publication. Will that now fall within the zero-rate VAT directive?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: I appreciate that. It might have been unfair for me to ask a question about a specific company. I am not trying to talk about the actual online publication, but rather about the types thereof. A weekly Sunday newspaper - I do not want to give a brand name - which has a digital edition only will qualify for zero rate VAT in future.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: If a weekly current affairs magazine like Phoenixwas only in digital form, would it qualify for zero-rate VAT?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: That is okay.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: I go back to the original intention the Minister announced on budget day, which was that news periodicals would qualify for zero-rate VAT. A 9% rate of VAT will apply to those news periodicals. What is the distinction between a weekly online newspaper - because it must be deemed to be a newspaper - and a news periodical? How can I tell the difference between them? What are the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: That is fine, but the problem is we are now dealing with a section that costs €33 million and the Minister is saying we do not know who is in and who is out at this time. It is crucial for us, as members of the committee who will be voting on this issue, to get clarity, even if that requires us going into private session. It is important for us to know what is in and what is out. I...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: Can we go into private session for a few minutes?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: Can we dispose of this issue now?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: I move amendment No. 61: In page 97, between lines 23 and 24, to insert the following: “Report on applying on the application of a zero rate of VAT on children’s car safety seats 56.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the application of a zero rate of VAT on children’s car safety...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: Yes, that would be helpful. As I mentioned in my opening remarks, the issue of school uniforms will be challenging given the directive. A note in terms of the safety of car seats would be beneficial between now and Report Stage. On that basis, I withdraw both of my amendments.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: I move amendment No. 62: In page 97, between lines 23 and 24, to insert the following: “Report on applying on the application of a zero rate of VAT on school uniforms 56.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on options for the application of a zero or reduced rate of VAT on school uniforms.”.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: On section 57, will the Minister clarify an issue? In a case of a parent of a group of companies where two of its subsidiaries bought partial interest of say 50% each in 18 residential homes, they would be caught under this measure because it would apply to the parent, would it not? You cannot define, okay.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: In regard to the issue of home reversions, has there been evidence of this taking place on a larger scale? Were the Revenue Commissioners applying the 10% rate up until this proposed change to the Finance Bill to home reversion?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: Section 59 concerns the repayment of stamp duty. I have a specific question in this regard. Yesterday we spoke of institutional investors and their practice of forward-purchasing apartment blocks in particular. We know the 10% stamp duty does not apply to apartment blocks. However it is our understanding that a number of institutional investors have now started forward-funding the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: Just to clarify this, in a forward-funding arrangement by an institutional investor with a developer who is going to build say, 40 houses and an institutional investor goes into a forward-funding arrangement with him - as opposed to a forward-purchase arrangement as under forward-purchasing they would have to pay the stamp duty - but under a forward-funding arrangement, would the stamp duty apply?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Pearse Doherty: Is it because there would still be a transfer? Is that what is suggested? Did they ask for it to be transferred?