Results 5,861-5,880 of 32,433 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Industry (22 Feb 2022)

Paschal Donohoe: I note that the question refers to the impact of the Personal Injuries Guidelines on insurance premiums. At the outset, I would like to point out that there is no single solution to reducing insurance costs. This is why the Government is pursuing insurance reform on a whole-of-Government basis, through 66 cross-departmental actions in the Insurance Reform Action Plan, including, but not...

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

Paschal Donohoe: I propose to take Questions Nos. 224 and 225 together. I am advised by Revenue that the available information in relation to the cost of tax relief on pension contributions is available on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/costs-tax-expenditures.pdf. The information includes the number of taxpayers availing of the relief as well...

Written Answers — Department of Finance: Tax Rebates (22 Feb 2022)

Paschal Donohoe: I can confirm that this fuel grant claim was processed and paid as part of second claim file for January and should be with the claimant now.

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

Paschal Donohoe: The Single Person Child Carer Credit (SPCCC) is a tax credit that is available to a single person who has a qualifying child resident with him or her for the whole or greater part of the tax year and who satisfies the other conditions of the relief. To qualify as a single person for the purposes of the SPCCC, the claimant must not be jointly assessed for income tax as a married person or...

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

Paschal Donohoe: As the Deputy is aware, for Capital Acquisitions Tax (CAT) purposes, the relationship between the person giving a gift or inheritance (i.e. the disponer) and the person who receives it (i.e. the beneficiary) determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. The Group A threshold (currently €335,000) applies, inter alia,...

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

Paschal Donohoe: The Finance Act 2012 introduced section 825C to the Taxes Consolidation Act, 1997. This section, as amended, provides Income Tax relief for certain individuals assigned during any of the tax years 2012 to 2022 to work in the State. The relief is commonly known as SARP (Special Assignee Relief Programme). The aim of the relief is to reduce the cost to employers of assigning skilled individuals...

Written Answers — Department of Finance: Tax Exemptions (22 Feb 2022)

Paschal Donohoe: My Department carried out a review of the age limits applicable to four agri-tax reliefs last year. The findings of this review are set out as part of the Report on Tax Expenditures 2021 which was published on 12th October on the Gov.ie website as part of the package of papers associated with Budget 2022. The four agri-tax reliefs/tax credits covered, where...

Written Answers — Department of Finance: Customs and Excise (22 Feb 2022)

Paschal Donohoe: I am advised by Revenue that the provisions for the relief of Customs Duty and VAT for gifts sent from one private individual in a non-EU country to another private individual in Ireland are set out in European legislation and it is not a matter on which Ireland can determine or apply separate provisions. The relief for gifts is agreed and harmonised at EU level and the provisions are common...

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

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States...

Written Answers — Department of Finance: Pension Provisions (22 Feb 2022)

Paschal Donohoe: The objective of the Pan-European Personal Pension Product Regulation is to lay the foundations for a safer, more cost-efficient and transparent market in affordable and voluntary personal pension savings that can be managed on a pan-European scale. It is envisaged that the PEPP framework will constitute a complementary voluntary scheme alongside national regimes. The European Commission...

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

Paschal Donohoe: I propose to take Questions Nos. 238 and 239 together. The Disabled Drivers & Disabled Passengers Scheme (DDS) 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 Scheme is open to severely and permanently disabled persons who also meet one of six specified medical criteria, as a driver or as...

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

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme (DDS) 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 Scheme is open to severely and permanently disabled persons who also meet one of six specified medical criteria, as a driver or as a passenger and also to certain organisations. In order...

Written Answers — Department of Finance: Departmental Advertising (22 Feb 2022)

Paschal Donohoe: I can advise the Deputy that the Department of Finance has no record of any payments for advertisements or content in the publication mentioned.

Written Answers — Department of Finance: Tax Exemptions (22 Feb 2022)

Paschal Donohoe: It is my understanding that the Deputy is referring to section 192A of the Tax Consolidation Act 1997, which deals with exemptions in respect of certain payments made by employers to employees arising from claims under employment law.  Section 192A provides that compensation payments made to an employee will be exempt from income tax, universal social charge and PRSI in instances...

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

Paschal Donohoe: I propose to take Questions Nos. 244 and 250 together. As the Deputies will be aware, the EU Commission published a proposal on the reform of VAT rates in January 2018 which would allow Member States more flexibility in how they apply VAT rates. The compromise text agreed at ECOFIN in December has been amended significantly in comparison to the original proposal so the EU...

Written Answers — Department of Finance: Universal Social Charge (22 Feb 2022)

Paschal Donohoe: The USC was designed and incorporated into the Irish taxation system in 2011 to replace two other charges, namely the Health and Income Levies. Its primary purpose was to widen the tax base and to provide a steady income to the Exchequer to provide funding for public services. The USC is an individualised tax, meaning that a person’s liability to the tax is determined on the basis...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Feb 2022)

Paschal Donohoe: In relation to Covid-19 support schemes under the aegis of my Department, I am advised by Revenue that  the total cost of the Covid Restrictions Support Scheme (CRSS) as of 17 February is €727m which has been paid in  respect of 25,600 premises. In terms of the Employment Wage Subsidy Scheme (EWSS), currently 24,900 employers are registered with Revenue...

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

Paschal Donohoe: As stated in my reply to the Deputy on 16 December last, as the Special Assignee Relief Programme (SARP) sunsets this year, there will be an opportunity for review. Any decisions on the future of SARP arising from this review will be taken in the context of the Budget 2023 and Finance Bill 2022 processes. With regard to the total cost to the Exchequer of...

Written Answers — Department of Finance: Credit Unions (22 Feb 2022)

Paschal Donohoe: The Programme for Government includes a number of commitments in relation to the credit union sector.  Work on the Review of the Policy Framework is well advanced. We intend to discuss proposals emanating from the Review with representative bodies in the next few weeks. As part of the Review of the Policy Framework, Minister of State Fleming has...

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

Paschal Donohoe: In accordance with the Irish Collective Asset-management Vehicle ('ICAV') Act 2015, the Central Bank of Ireland is the registration body for ICAVs.  The Central Bank  of Ireland is also the authorisation body for Alternative Investment Funds (AIFs) and Undertakings for Collective Investment in Transferable Securities (UCITS). ICAVs must be registered as ICAVs and authorised as AIFs...