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Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Collection (24 Jan 2023)

Pearse Doherty: 64. To ask the Minister for Finance his views on extending the reduced 9% rate of VAT for the hospitality and tourism sector; its estimated cost, including and excluding hotel accommodation; and if he will make a statement on the matter. [3329/23]

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Collection (24 Jan 2023)

Pearse Doherty: The reduced VAT rate for the hospitality and tourism sectors is due to end at the end of February. As we know, these sectors face a number of headwinds this year, including the economic downturn, reduced disposable income and higher travel costs; together with a number of tailwinds, including pent-up demand to travel as a result of the Covid restrictions being eased, risk subsiding and the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Collection (24 Jan 2023)

Pearse Doherty: Although it is noted on the Register of Members' Interests, I wish to declare that I am a director of a music festival that benefited from the 9% VAT rate. It is a not-for-profit organisation. The reduced rate of VAT was introduced in November 2020 during the pandemic more to support the cash margins of struggling businesses than to incentivise a reduction in prices. The total cost of the...

Forestry Sector: Motion [Private Members] (24 Jan 2023)

Pearse Doherty: Hear, hear.

Forestry Sector: Motion [Private Members] (24 Jan 2023)

Pearse Doherty: We are waiting for the Government to announce its position.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: 62. To ask the Minister for Finance if he will consider the introduction of timely, targeted and temporary mortgage interest relief in the context of rising interest costs for mortgage borrowers; and if he will make a statement on the matter. [3328/23]

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: I welcome the Minister for Finance and the Minister of State to their first oral questions and wish them good luck in their new roles. This question is about the reaction required to the European Central Bank, ECB's interest rate hikes. Interest rates have increased by 2.5%, with a further increase of approximately 1% unfortunately expected by the end of the year. These increases are...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: It is disappointing that the Minister is ruling it out at this point because the full impact of interest rate hikes is yet to be felt, with retail banks still to pass them on fully through fixed and variable rates. Bank of Ireland has made announcements about its fixed rates. It is widely expected that this position will change in the coming months. The picture is mixed. Nearly 250,000...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: I will finish on this point. There is a tailored-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: I was just finishing my sentence.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: It was just one sentence.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: Jesus Christ. It was just one more sentence.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: It was-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: It is fine.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: I was in the middle of a sentence.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (24 Jan 2023)

Pearse Doherty: I was just waiting for the Minister to finish, a Cheann Comhairle. The Minister needs to acknowledge something about that last point. People on tracker mortgages were on a low rate for quite a sustained period, but they are now seeing their interest repayments increasing by thousands of euro. In some cases, they are increasing by €3,000 per annum. It is a significant increase....

Forestry Sector: Motion [Private Members] (24 Jan 2023)

Pearse Doherty: I thank my colleague, Deputy Carthy, for introducing this motion on behalf of Sinn Féin. One of the greatest areas of potential for tackling climate change and biodiversity loss is through protecting and restoring our forests. A good forestry strategy can deliver for the environment, local communities and even for our economy. Part of this could and should be encouraging farmers...

Statement by the Minister for Public Expenditure and Reform (24 Jan 2023)

Pearse Doherty: Did the Minister not sell them?

Statement by the Minister for Public Expenditure and Reform (24 Jan 2023)

Pearse Doherty: The Minister sold them.

Statement by the Minister for Public Expenditure and Reform (24 Jan 2023)

Pearse Doherty: How can the Minister say it was a small number? He could not tell us how many posters earlier on, now it is a small number.

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