Results 6,041-6,060 of 32,433 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector (26 Jan 2022)

Paschal Donohoe: In answer to the first part of the Deputy’s question, the accounting rules, including those related to declarations and payments of distributions that banks, in common with all companies, are governed by the Companies Act 2014. It is the responsibility of the Directors of the respective banks to ensure these rules have been properly applied. The International Financial Reporting...

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

Paschal Donohoe: I am advised by Revenue that the rationalisation and integration of General Service and Departmental Taxes grading structures in Revenue followed an extensive industrial relations negotiation and communications process more than 18 years ago, in the lead-up to Integration Day on 1 January 2003. In the period prior to Integration Day, Revenue engaged in very extensive communications with staff...

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

Paschal Donohoe: I am advised by Revenue that taxpayers claiming additional tax credits such as health expenses can upload the relevant receipts in support of the claim when submitting their income tax return in preference to retaining them for inspection for a period of six years. However, it is not mandatory to do so, providing the original receipts are kept for the required six-year period. Revenue has...

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

Paschal Donohoe: I propose to take Questions Nos. 53 to 55, inclusive, together. Section 531AAD of the Taxes Consolidation Act 1997 provides for a charge to be levied on bonus and similar payments over €20,000 paid to employees of financial institutions that received financial support from the State under the Credit Institutions (Financial Support) Act 2008. This charge, known as the “excess...

Written Answers — Department of Finance: Departmental Contracts (26 Jan 2022)

Paschal Donohoe: The following table provides details of contracts in relation to Covid-19 entered into by my Department since the beginning of the pandemic: With regard to the Bodies under the Aegis of my Department that incurred expenditure on COVID-19 related contracts, the information supplied to my Department from those Bodies is in the table below. It should be noted that the National Treasury...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: I thank the committee for the opportunity to appear before it today to discuss the 2022 Revised Estimates. As Minister for Finance, I will be discussing the four Votes within the finance group of Votes. They are Vote 7 - Office of the Minister for Finance; Vote 8 - Office of the Comptroller and Auditor General; Vote 9 - Office of the Revenue Commissioners; and Vote 10 - Tax Appeals...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: All members of that board have resigned.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: I was notified of resignations from that board between October and November. I do not recall the exact date of the intended resignation of members from the board, but all those members have now resigned.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: I am not sure of the sequence or who resigned when, but they have all resigned now.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: That is correct.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: The Estimate for that is €705,000. That compares with the 2021 Estimate of €570,000. The outturn for the last year was €426,000. I should make clear that an Estimate is in place for it because it is the intention of my Department and the Department of Health to appoint a new board. The recruitment process for that is under way. The internal dimension of launching...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: I met members of the board via video conference in March. This video conference took place in the aftermath of the implementation of the Finance Act last year, which had brought into statutory law the criteria for access to that scheme, which were laid out in regulation up until that point. This videoconference took place in the aftermath of the implementation of the Finance Bill of last...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: In the meeting, they indicated their dissatisfaction to me with the way the scheme was operating. This is an important scheme. It is valuable and it is needed by those who receive it, given the level of need that they have. However, it is also a scheme that merits review and consideration. That will be done now by our Department in conjunction with the Department of Health. As I have...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: Of course, I very much regret that the board resigned. This is a policy area that is overseen by my Department. I accept that the implementation of the scheme was a matter of dissatisfaction to the members of the board at that point. I very much regret that they felt that the option that was open to them was to resign. Getting the review up and running has taken some more time to do...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2022
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (26 Jan 2022)

Paschal Donohoe: I will just conclude, and I will of course answer all the questions the Deputy puts to me. Many of the criteria require careful consideration of issues about health, as well as about the health of citizens who have a level of need that the Government and the State needs to support. This is work that the Department of Health and with the Department of Finance aims to do speedily.