Results 6,021-6,040 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (27 Apr 2022)

Paschal Donohoe: Revenue publishes detailed statistics on the Research & Development (R&D) tax credit on an annual basis. These publications are available at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/r-and-d-tax-credits.aspx. I am advised by Revenue that Corporation Tax returns for the tax year 2020 were due to be filed during 2021. The data from these...

Written Answers — Department of Finance: Tax Reliefs (27 Apr 2022)

Paschal Donohoe: Section 473A of the Taxes Consolidation Act 1997 provides for income tax relief in respect of qualifying tuition fees paid by an individual for a third level education course, including a postgraduate course. The relief is granted at the standard rate of income tax (currently 20%), where an individual pays tuition fees for an approved course, whether on his or her own behalf or on behalf of...

Written Answers — Department of Finance: Tax Code (27 Apr 2022)

Paschal Donohoe: The term “Exchange Traded Fund” or “ETF” is a general investment industry term that refers to a wide range of investments. ETF investments can take many different legal and regulatory forms even where they are established within the same jurisdiction. An ETF is an investment fund that is traded on a regulated stock exchange. A typical ETF can be compared to a...

Written Answers — Department of Finance: Inflation Rate (27 Apr 2022)

Paschal Donohoe: Inflation picked up sharply over the course of the last year and in March stood at 6.9 per cent. Almost every advanced country in the world is in the same position, with inflation rates of 8, 7 and 7.4 per cent recorded in the US, UK and euro area respectively in March. The rise in wholesale energy prices is the key contributor and reflects the rapid rebound in global demand and, more...

Written Answers — Department of Finance: Tax Reliefs (27 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 77 and 78 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...

Written Answers — Department of Finance: Rental Sector (27 Apr 2022)

Paschal Donohoe: As outlined in the 'Housing for All' strategy, the Government’s primary response to mitigating residential price inflation is to increase supply. The strategy outlines the plan to increase affordability and housing supply by committed to, amongst other things, an average of 2,000 new ‘cost rental’ homes every year, with targets of rents being at least 25 per cent...

Written Answers — Department of Finance: Primary Medical Certificates (26 Apr 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from Vehicle Registration Tax 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 as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief, the...

Written Answers — Department of Finance: Revenue Commissioners (26 Apr 2022)

Paschal Donohoe: I am advised by Revenue that the records of the persons concerned have been corrected for 2022 ensuring the appropriate tax credit and rate band allocations are correctly applied to the active PAYE employment on record for this period. Revenue have confirmed to me that any Income Tax previously over-deducted in this active employment has since been refunded in full to the person concerned...

Written Answers — Department of Finance: Tax Credits (26 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 471, 472 and 473 together. The 2009 Commission on Taxation reviewed the One-Parent Family Tax Credit and acknowledged that it played a role in supporting and incentivising the labour market participation of single and widowed parents. However, in its recommendations, the Commission concluded that the credit should be retained but that it should be allocated to...

Written Answers — Department of Finance: Departmental Schemes (26 Apr 2022)

Paschal Donohoe: Help to Buy (HTB) is an incentive 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 (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act (TCA) 1997 outlines the...

Written Answers — Department of Finance: Tax Code (26 Apr 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of...

Written Answers — Department of Finance: Tax Code (26 Apr 2022)

Paschal Donohoe: I am advised by Revenue that the receipts raised from the Sugar Sweetened Drinks Tax (SSDT), since its introduction in 2018 and up to 31March 2022, are broken down by applicable SSDT band in the following table. The Deputy should note that the receipts for 2021 and for 2022 to March are provisional at this time and may be revised. SSDT Band 1 SSDT Band 2 ...

Written Answers — Department of Finance: Tax Data (26 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 477, 503 and 506 together. Carbon Tax receipts by commodity for the years 2010 to 2020 are published on the Revenue website at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx. I am advised by Revenue that the provisional amounts raised through the Carbon...

Written Answers — Department of Finance: Credit Unions (26 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 478, 479 and 480 together. This Government recognises the importance of credit unions. The Programme for Government contains commitments to: - Review the policy framework within which credit unions operate; - Enable and support the credit union movement to grow;  - Support credit unions in the expansion of services, to encourage community...

Written Answers — Department of Finance: Departmental Staff (26 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that there are currently six employees of the Department of Finance seconded to other organisations who continue to be paid by my Department. These employees are seconded as follows: -Department of Foreign Affairs - London Embassy - Assistant Secretary x 1 - Finance Attaché (Assistant Principal - AP) x 1 - Berlin Embassy - Finance Attaché (AP) x 1...

Written Answers — Department of Finance: Apprenticeship Programmes (26 Apr 2022)

Paschal Donohoe: I can confirm that my Department does not currently run apprenticeship programmes and is not engaged in the training of apprentices. The Office of the Comptroller and Auditor General and the Office of the Revenue Commissioners are bodies under the aegis of my Department. The Office of the Comptroller and Auditor General is registered as a national apprenticeship employer. Two apprentices from...

Written Answers — Department of Finance: Departmental Staff (26 Apr 2022)

Paschal Donohoe: There is currently one member of staff within my Department with a rate of pay below €12.30. This staff member holds the role of Service Officer. It should be noted that the staff of my Department are paid in line with Government pay policy, and that this staff member will move above the rate of €12.30 per hour when they move to the next increment step of their respective salary...

Written Answers — Department of Finance: Tax Code (26 Apr 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply.  In accordance with Irish legislation, agricultural equipment is liable to VAT at the standard rate, currently 23%. There is no discretion under the Directive for Ireland to reduce the rate of VAT on these goods. Farmers may elect to register for VAT or be...

Written Answers — Department of Finance: Tax Residency (26 Apr 2022)

Paschal Donohoe: SI. No. 60/1993 does not give any specific weighting to the presence of an individual in the State on any specific days of the month or year. I am informed that while Revenue does not ‘deem’ a presence in the State over a specific period in this context, a person wishing to avail of the exemption under SI. No. 60/1993 has the onus of proof. To fulfil this, the person must...

Written Answers — Department of Finance: Vehicle Registration Tax (26 Apr 2022)

Paschal Donohoe: I am advised by the Revenue Commissioners that the number and value of refunds of compromise penalties is not recorded in the Revenue Commissioners systems as previously outlined in the answer provided to Dáil Questions 225 (Ref No. 17257/22) and 227 (Ref No. 17259/22). Each application for a refund of a compromise penalty is examined on a case by case basis and any refund that...