Results 5,841-5,860 of 33,883 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Revenue Commissioners (22 Sep 2022)

Paschal Donohoe: I am advised by Revenue that in-person appointment services are being provided at the Revenue offices at Cathedral Street, Dublin 1 and Assumption Road, Cork. Appointments can be booked by calling the Appointment Helpline on 01 738 3660. It is envisaged that similar services will be provided in Limerick and Galway in the near future and consideration will then be given to extending the...

Written Answers — Department of Finance: Tax Reliefs (22 Sep 2022)

Paschal Donohoe: As the Deputy is 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 up to a maximum of €1,250 (€1,500 in the case of e-bikes), for an employee to use, in whole or in part, to travel to work....

Written Answers — Department of Finance: Departmental Data (22 Sep 2022)

Paschal Donohoe: As the Deputy may be aware, estimated costings of any tax policy change or new tax measure announced in the Budget are set out in the Tax Policy Changes document published on Budget Day. The estimated costings are provided on a first year and a full year basis, based on the most up to date information available at the time when the measure is announced. The Budget 2022 tax policy changes can...

Written Answers — Department of Finance: Departmental Data (22 Sep 2022)

Paschal Donohoe: I am advised by Revenue that, based on payroll data submitted to Revenue in 2021, the total number of workers that paid PAYE Income Tax in 2021 is approximately 2.53 million and the total number of workers that paid Universal Social Charge (USC) in 2021 is approximately 2.63 million. It should be noted that these figures represent workers that paid Income Tax or USC through payroll in 2021,...

Written Answers — Department of Finance: Departmental Data (22 Sep 2022)

Paschal Donohoe: I am advised by Revenue that taxpayers can have income from both PAYE and non-PAYE sources of income, which are combined to arrive at their gross income. A breakdown of taxpayer units based on their personal status is available in respect of their gross income, however, such a breakdown is not available solely based on one element of their gross income, such as PAYE income as requested by the...

Written Answers — Department of Finance: Tax Collection (22 Sep 2022)

Paschal Donohoe: I am advised by Revenue that information in respect of Local Property Tax (LPT) payments for the year 2022 is published on the Revenue website with the most recent update having been made on 12 September 2022. Figures for tax collected over the course of a year can differ to tax collected in respect of a particular year, as payments of LPT can occur at different intervals. The recent...

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Tax Reliefs (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, in the Finance Act 2021, I enhanced and formalised the tax arrangements for working from home in line with Government policy to facilitate and support remote working. Accordingly, for the tax year 2022, Remote Working Relief provides an income tax deduction amounting to 30% of the cost of vouched expenses for electricity, heat and broadband in respect of those...

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: There is an energy crisis currently, affecting not only Ireland but also all of Europe. The war in Ukraine has led to volatility in energy markets and exacerbated supply constraints in the electricity market. I am well aware of the difficulties Irish households and businesses are going through arising from substantial increases in energy bills. It is clear the increase in energy prices...

Written Answers — Department of Finance: Tax Credits (22 Sep 2022)

Paschal Donohoe: The Incapacitated Child Tax Credit (ICTC) is provided for in section 465 of the Taxes Consolidation Act 1997 (TCA 1997) and is available to any individual who proves that he or she has living, at any time during a year of assessment, a child who: - if under the age of 18, is permanently incapacitated by reason of mental or physical infirmity to such an extent that there is a reasonable...

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Foreign Direct Investment (22 Sep 2022)

Paschal Donohoe: Ireland has long established itself as a market of choice for foreign direct investment and FDI makes a highly significant contribution to the domestic economy. Ireland’s ability to attract and retain FDI reflects our strong legal and regulatory landscape, our track record as a stable and pro-enterprise jurisdiction, and our talented and flexible workforce. These unique features...

Written Answers — Department of Finance: Mortgage Interest Rates (22 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 218 and 226 together. The price lenders charge for their loans is a commercial matter for individual lenders. As Minister for Finance I cannot determine the lending policies of individual banks including the interest rates they charge for loans including mortgages. I am aware that the general level of new lending interest rates in Ireland are higher...

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: I understand the Deputy is interested in Ireland’s borrowing and the monetary policy of the European Central Bank (ECB). The National Treasury Management Agency (NTMA) borrows to meet the Exchequer’s Borrowing Requirement regardless of whether the ultimate expenditure is capital or non-capital in nature. It should be noted that current and capital expenditure in Ireland is...

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: I would like to clarify that Ireland has no outstanding loans to the IMF. On 20 December 2017, the National Treasury Management Agency (NTMA) completed the early repayment of the full loan under the IMF's Extended Fund Facility (EFF).

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: The EU-IMF financial assistance programme for Ireland, formally agreed in late 2010, was a joint financing package in the amount of €85 billion and was made up of contributions from the International Monetary Fund (IMF), the European Union (EU), bilateral loans from the United Kingdom (UK), Sweden and Denmark, and Ireland own resources. The €85 billion programme was financed as...

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: While public debt increased sharply during the Covid-19 pandemic, the strides that had been made in the years prior to the crisis, alongside the low interest rate environment, meant that the State could borrow sustainably to mitigate the worst economic impacts of the necessary public health restrictions. Similarly, Ireland’s quick rebound in economic growth following the pandemic,...

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: I would like thank the Deputy for raising this important issue. From the outset, I would like to reaffirm that I remain fully committed to OECD Agreement. My long-standing position is that the international tax system needs to keep pace with changes in how business is conducted globally, and the overriding premise of the OECD agreement, signed by over 135 countries, is that a global...

Written Answers — Department of Finance: Interest Rates (22 Sep 2022)

Paschal Donohoe: Through the implementation of the Housing for All strategy, the Government plans to increase the supply of housing to an average of 33,000 per year over the next decade. This is an ambitious plan which will provide increased housing supply and affordability. While the plan is backed by unprecedented State investment, the Government cannot deliver on this programme alone. The only way we...