Results 5,861-5,880 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (17 May 2022)

Paschal Donohoe: The most recent projection of additional carbon tax revenues provided by my Department for the period 2021 to 2030 amounted to €9.2 billion, based on the Government’s commitment to increasing the amount that is charged per tonne of CO2 emissions from fuels to €100 by 2030. This is a key pillar underpinning the Government’s Climate Action Plan ambitions to halve...

Written Answers — Department of Finance: Equal Opportunities Employment (17 May 2022)

Paschal Donohoe: I wish to inform the Deputy that my Department adheres fully to its requirements as set out by the Disability Act of 2005. The Department has an appointed Disability Liaison Officer (DLO) who works closely with the National Disability Authority to ensure that the Department is fully compliant with its obligations under the Act. All reasonable accommodation requests by staff with disabilities...

Written Answers — Department of Finance: Departmental Data (17 May 2022)

Paschal Donohoe: I propose to take Questions Nos. 255 to 257, inclusive, together. I am advised by Revenue that the table below provides the number of category A vehicles that were charged the nitrogen dioxide emissions levy in 2021 and to the end of April in 2022, as well as the revenue raised in each of these years. The charge is currently applicable to all Category A vehicles excluding electrics but...

Written Answers — Department of Finance: Tax Exemptions (17 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 (17 May 2022)

Paschal Donohoe: I am advised by Revenue that it has two cutters (patrol vessels) in service, at the moment. One of those vessels is approaching the end of its service life and I am informed by Revenue that it intends to purchase a replacement vessel. It is anticipated that the relevant procurement competition will include an option for a second vessel which could be a future replacement for the second vessel...

Written Answers — Department of Finance: Tax Reliefs (17 May 2022)

Paschal Donohoe: As indicated in the Budget speech of 12 October, it is planned to bring forward legislative provisions in Finance Bill 2022 to introduce a 50% excise relief to microproducers of cider. However, as the new legislation, Article 13a, is structured differently to what is already permitted for small beer producers (under Article 4), the existing relief in Irish legislation for beer cannot be...

Written Answers — Department of Finance: Housing Schemes (17 May 2022)

Paschal Donohoe: In my Budget 2022 address, I announced that a formal review of the Help-to-Buy (HTB) scheme would take place this year. The terms of reference for the review are as follows: "To examine all aspects of the Help-to-Buy scheme (s.477C of the Taxes Consolidation Act 1997) including its design, its operation, the extent to which it has met its key policy aims of assisting first-time buyers of new...

Written Answers — Department of Finance: Financial Sanctions (17 May 2022)

Paschal Donohoe: I would like to thank Deputy O’Dowd for raising this question. My officials have consulted with the Central Bank of Ireland on the particulars of this matter. Financial sanctions are restrictive measures imposed on persons, entities and bodies in an effort to curtail their activities and to exert pressure and influence on them. Restrictive measures include, but are not limited to,...

Written Answers — Department of Finance: Tax Exemptions (17 May 2022)

Paschal Donohoe: I am advised by Revenue that the application of VAT to the supply of goods and services is subject to EU VAT law, with which Irish VAT law must comply. An entity is required to register for VAT where they make taxable supplies which exceed certain thresholds. Once VAT-registered, it is generally entitled to claim a refund of the VAT it has incurred on its various inputs and business cost. In...

Written Answers — Department of Finance: Tax Collection (17 May 2022)

Paschal Donohoe: In the absence of specific details, Revenue cannot advise me on the circumstances of the individual case referenced. If the Deputy provides specific details in relation to the property Revenue will examine what happened in the case. Revenue administers Local Property Tax (LPT) in accordance with the provisions set out in the Finance (Local Property Tax) Act 2012 (as amended). Section 11...

Written Answers — Department of Finance: Banking Sector (17 May 2022)

Paschal Donohoe: I wish to highlight, as Minister for Finance, I am precluded from intervening in commercial and operational decisions in any particular bank, even one in which the State has a shareholding. Decisions in this regard, including this potential transaction, are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The bank's...

Written Answers — Department of Finance: Banking Sector (17 May 2022)

Paschal Donohoe: As the Deputy is aware, AIB recently announced that it has entered into exclusive discussions with NatWest Group for the acquisition of circa €6 billion Ulster Bank performing tracker (and linked) mortgages. I welcomed that announcement as, if it leads to a successful outcome, it would provide a significant number of Ulster Bank customers with certainty on the destination of their...

Written Answers — Department of Finance: Departmental Schemes (12 May 2022)

Paschal Donohoe: I am advised by Revenue that the cost of the Fuel Grant for Members of the Drivers and Passengers with Disabilities Scheme from 2018 to 2021 is provided in the table below. Year Cost €m 2021 8.1 2020 9.9 2019 10.4 2018 10.1 The Fuel Grant is currently paid at a set...

Written Answers — Department of Finance: Pension Provisions (12 May 2022)

Paschal Donohoe: Where a person is in receipt of payments from the Department of Social Protection (DSP), and has an additional source of income such as an occupational pension, the mechanism used to tax payments from the DSP, is by reducing the person’s annual tax credits and rate band to take account of the amount of their taxable DSP payments. This ensures that their weekly payment from the DSP is...

Written Answers — Department of Finance: Departmental Schemes (12 May 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT 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 car must be purchased before applying for VRT and VAT relief, as applicable to the category of adaptations made to the vehicle. The Scheme is open to severely and permanently disabled...

Written Answers — Department of Finance: Tax Exemptions (11 May 2022)

Paschal Donohoe: The rent-a-room scheme was introduced in Finance Act 2001 as an incentive to encourage individuals to let rooms in their principal private residence as residential accommodation in order to bring about an increase in the availability of rental accommodation. In accordance with section 216A of the Taxes Consolidation Act 1997, an individual who lets a room or rooms in her or his sole or...

Written Answers — Department of Finance: Insurance Coverage (11 May 2022)

Paschal Donohoe: Firstly, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products, which is a commercial matter for insurance providers. This is expressly prohibited by the EU’s Solvency II framework. However, I can assure the Deputy that Government is committed to improving the cost and availability of insurance for all...

Written Answers — Department of Finance: EU Directives (11 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: Tax Exemptions (11 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: Financial Services (11 May 2022)

Paschal Donohoe: I propose to take Questions Nos. 85 to 91, inclusive, together. The Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 will bring all the direct and indirect providers of credit (including credit which is termed ‘buy now pay later’), as well as the providers of hire purchase and consumer hire agreements, to consumers within the regulatory...