Results 5,941-5,960 of 33,118 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Stability Programme Update 2022: Minister for Finance (4 May 2022)

Paschal Donohoe: If I could just make one final brief point, it was somewhat telling that I did not get any questions on this at all. However, I need to emphasise the concluding point that I made in my opening presentation regarding the fact that the interest rate environment which Ireland will be borrowing on is changing in front of our eyes. I have been saying for some time this was going to happen and it...

Written Answers — Department of Finance: Insurance Industry (4 May 2022)

Paschal Donohoe: As the Deputy is aware, neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive). I note that the details supplied relate to a recent survey by the...

Written Answers — Department of Finance: Departmental Correspondence (4 May 2022)

Paschal Donohoe: The Financial Services and Pensions Ombudsman is independent in the performance of her statutory functions and I have no role in the day to day workings of the office or in the decisions which she takes. The Financial Services and Pensions Ombudsman was established to provide an alternative to the Courts for consumers who have unresolved disputes with a financial or pension service provider...

Written Answers — Department of Finance: Primary Medical Certificates (4 May 2022)

Paschal Donohoe: I am advised by the Department of Health that they have also received this PQ which they referred to the HSE.  They have indicated that the HSE will respond directly  to the Deputy  on this matter. 

Written Answers — Department of Finance: National Asset Management Agency (4 May 2022)

Paschal Donohoe: As Minister for Finance, I have no role in respect of NAMA’s commercial operations. The Deputy will be aware that NAMA does not directly own or sell properties. I am advised that in the case of the property referenced by the Deputy, the appointed receiver was responsible for the management and sale of the property. I am advised that before the receiver placed the apartments on...

Written Answers — Department of Finance: Housing Schemes (4 May 2022)

Paschal Donohoe: Help to Buy (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive offers a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in Section 477C of the Taxes Consolidation Act 1997. For a property to qualify for HTB, it must be...

Written Answers — Department of Finance: Primary Medical Certificates (4 May 2022)

Paschal Donohoe: At the outset the Deputy should note that I gave a commitment that a comprehensive review of the Disabled Drivers and Disabled Passengers Scheme (DDDPS) , to include a broader review of mobility supports for persons with disabilities, would be undertaken. I have agreed with Roderic O’Gorman, Minister for Children, Equality, Disability, Integration and Youth that the DDDPS review...

Written Answers — Department of Finance: Vehicle Registration Tax (4 May 2022)

Paschal Donohoe: I propose to take Questions Nos. 146 and 147 together. All vehicles in the State must be registered, and Vehicle Registration Tax (VRT) generally becomes payable when a vehicle is first registered here.  Typically, this occurs when a new vehicle is sold in the State, or when a vehicle is imported.  I am informed by Revenue that the VRT calculation on passenger vehicles is based on...

Written Answers — Department of Finance: Tax Data (4 May 2022)

Paschal Donohoe: I am advised by Revenue that, for 2019, the most recent year for which complete data are available, the aggregate amount of Income Tax paid by persons aged under 30 and 35 has been estimated to be as shown in the below table.  The equivalent figures in respect of the Universal Social Charge are also included in the table.  For income tax, in the case of jointly assessed taxpayers,...

Written Answers — Department of Finance: Departmental Staff (4 May 2022)

Paschal Donohoe: I wish to inform the Deputy that there have been no secondments from my Department to the university third level sector over the past two years. The Department’s secondments follow the guidelines set out by the Department of Public Expenditure and Reform's Secondment Policy for the Civil Service. This was outlined most recently in Circular 27-2021 which sets out the current...

Written Answers — Department of Finance: Tax Reliefs (4 May 2022)

Paschal Donohoe: The research and development (R&D) tax credit allows a company to claim a 25% tax credit in respect of expenditure incurred on qualifying R&D activities. In making a claim for the R&D tax credit, companies must satisfy two tests: the activity must be a qualifying activity (a science test); and the amount of the claim must be based on R&D expenditure incurred...

Written Answers — Department of Finance: Tax Collection (4 May 2022)

Paschal Donohoe: Solid Fuel Carbon Tax (SFCT) is an excise duty that applies to coal and peat when first supplied in the State for use as a fuel. SFCT rates effective from 1 May 2021 to 30 April 2022 are listed in the table below along with rates effective from 1 May 2022. Solid Fuel Category SFCT rate per tonne from 01/05/2021 to 30/04/2022 SFCT rate per tonne from 01/05/2022 ...

Written Answers — Department of Finance: EU Directives (4 May 2022)

Paschal Donohoe: A search of official records, in response to the Deputy’s question, indicates that there has been no cost to my Department from 2011 to date for fines paid by Ireland for non-transposition of EU directives into Irish law. To go back beyond that period would not be an efficient use of time and resources. For background, the European Commission, in 2017 – “EU law:...

Committee on Budgetary Oversight: Stability Programme Update 2022: Minister for Finance (4 May 2022)

Paschal Donohoe: Okay, I will certainly have a look at the point the Deputy made.

Written Answers — Department of Finance: Tax Code (28 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 6, 26 and 61 together. The Government is very aware of the impact of rising fuel prices on households and businesses. These trends are driven primarily by global factors. The key drivers of this increase are increases in wholesale energy prices as a result of the rapid rebound in global demand, global supply chain disruptions and the imbalance between demand...

Written Answers — Department of Finance: Tax Code (28 Apr 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: Tax Code (28 Apr 2022)

Paschal Donohoe: This Government is providing record levels of State investment for all forms of housing. Housing for All is the Government’s plan to increase availability and affordability of housing, and to create a sustainable housing system into the future. This year, €4 billion of Exchequer funding, supplemented by Land Development Agency funding and Housing Finance Agency lending, will be...

Written Answers — Department of Finance: Tax Data (28 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 10 and 64 together. Tax receipts in the first quarter of the year amounted to €17.2 billion. This was driven by particularly strong growth in income tax, VAT and corporation tax. Total tax revenue was up by over €4 billion, or more than 30 per cent, on the same period last year. Income tax receipts in the quarter were up by €900...

Written Answers — Department of Finance: Insurance Industry (28 Apr 2022)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which expressly prohibits Member States from doing so....

Written Answers — Department of Finance: Insurance Industry (28 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 14, 23 and 52 together. Insurance reform is a key priority for this Government as evidenced by the fact that implementation of theAction Plan on Insurance Reformis overseen by the Cabinet Sub-Group on insurance reform. The second Implementation Report, which was published on 1 March 2022, shows that 80 per cent of the actions contained therein are now been...