Results 6,001-6,020 of 33,883 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (15 Sep 2022)

Paschal Donohoe: At the outset, the Deputy should note that recent Government policy has focused on strengthening the environmental rationale behind company car taxation. Until the Finance Act 2019 Ireland’s vehicle benefit-in-kind regime was unusual in that there was no overall CO2rationale in the regime, despite a CO2based vehicle BIK regime being legislated for as far back as 2008 (but never having...

Written Answers — Department of Finance: Tax Code (15 Sep 2022)

Paschal Donohoe: The Help to Buy incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in Section 477C Taxes Consolidation Act 1997. An increase in the supply of new housing remains a...

Written Answers — Department of Finance: Primary Medical Certificates (15 Sep 2022)

Paschal Donohoe: Following the resignation of all members of the previous Disabled Drivers Medical Board of Appeal, effective from 30th November 2021, two Expression of Interest campaigns have been held, seeking suitable candidates for the Board. The Department of Health leads on all actions and tasks with respect to the Expression of Interest Campaigns. Department of Finance officials provide support to the...

Written Answers — Department of Finance: Commissions of Investigation (15 Sep 2022)

Paschal Donohoe: I am advised that the Deputy has clarified that the report referred to in this parliamentary question is the Commission of Investigation’s First Interim Reportof November 2015, and not the Final Report of the Commission of Investigation published by An Taoiseach on 7 September 2022. While this matter was raised by the Commission of Investigation in its First Interim report, as set out...

Written Answers — Department of Finance: State Savings Schemes (15 Sep 2022)

Paschal Donohoe: The National Treasury Management Agency (NTMA) who manages State Savings have informed me that, State Savings products are offered by the Minister for Finance acting through the NTMA pursuant to the powers conferred on the NTMA by the National Treasury Management Agency Act 1990 and the National Treasury Management Agency Act 1990 (Delegation of and Declaration as to Functions) Order 1990...

Written Answers — Department of Finance: Budget 2023 (15 Sep 2022)

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

Written Answers — Department of Finance: Tax Data (15 Sep 2022)

Paschal Donohoe: I am advised by Revenue that the amount of excise tax collected in each quarter of 2020 and 2021 and for the first half of 2022 is shown in the following table. Excise Receipts by Quarter Year Quarter Excise €m 2020 Q1 1,377.5 Q2 1,081.8 Q3 ...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (15 Sep 2022)

Paschal Donohoe: I am advised that the Special Liquidators have commenced a review of the matters outlined in the PQ. However, these issues relate to a period when the Special Liquidators were not involved with IBRC and no corporate knowledge remains available to the Special Liquidators. As this task will require in-depth analysis of historical records, it will be necessary for the SLs to redirect resources...

Written Answers — Department of Finance: Tax Data (15 Sep 2022)

Paschal Donohoe: I am advised by Revenue that it is not possible to separately identify the profits associated with the residential building sector from other construction industry profits and, therefore, it is not possible to provide an accurate estimate of the potential revenues from a levy on these profits. Imposing additional taxes on certain economic sectors would involve increased complexity in...

Written Answers — Department of Finance: Departmental Staff (15 Sep 2022)

Paschal Donohoe: I wish to advise the Deputy of the following details, as requested in respect of employees in my Department in receipt of Special Leave with Pay for Covid-19: - Number of employees in receipt of this payment up to 1st July 2022 was 77. - There were no employees in receipt of this payment for an extended period of 12 weeks or more. - Number of employees in receipt of this payment since 1st...

Written Answers — Department of Finance: Budget 2023 (15 Sep 2022)

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

Written Answers — Department of Finance: Tax Code (15 Sep 2022)

Paschal Donohoe: I am advised by Revenue that its approach to enforcement of the law relating to Vehicle Registration Tax (VRT) is that in each instance where a failure to comply with the relevant legal requirements is detected, the matter is dealt with in a manner that is fair and proportionate to the circumstances of the particular case. Section 141(1) of the Finance Act 2001, as amended, provides that...

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: I thank the Chair and the members for the invitation to the Minister for Public Expenditure and Reform and myself to attend the committee today to make our presentations on the status of our budgetary work. I will begin by briefly outlining the economic and budgetary context for the budget. This is a challenging and deeply uncertain period for our economy. Over the past several years, we...

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: I will be in a position to publish that next Friday.

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: I will have, at that point, the latest macroeconomic data and the fiscal data. That will be incorporated and made available to the Oireachtas at the earliest possible opportunity. From working with my officials, I am assured that the earliest opportunity I can make that available is next Friday, which I will do.

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: The Government, the Minister, Deputy McGrath, and I are very committed to delivering inside the parameters we have outlined in the summer economic statement. Both of us have said there will be once-off measures happening in 2022 that will be paid for within this year and will be separate to the provisioning that we make for next year.

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: I believe that it is fair to say the Government has not made a decision on that yet. We have been very clear there would be packages and measures within 2022. What would happen then to fit the scenario described by Deputy Doherty if some of those measures were to extend into 2023 is they would then be on top of the summer economic statement parameters. We have not made the decision but-----

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Paschal Donohoe: Just let me finish. We are currently evaluating what would be the right kind of intervention and what would give the most help to households and businesses. The Minister, Deputy McGrath, and I are working on what the duration of that support would be. If it was to go into 2023 then it would be in addition to the summer economic statement parameters.