Results 6,081-6,100 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Schemes (26 Apr 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: Tax Collection (7 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 238, 239 and 240 together. The Debt Warehousing Scheme was introduced to provide a vital liquidity support to businesses suffering a downturn due to the Covid-19 pandemic. Under the scheme, businesses can temporarily ‘park’ certain tax debts on an interest free basis until the end of this year (or until 30 April 2023 for businesses most impacted...

Written Answers — Department of Finance: Vacant Properties (7 Apr 2022)

Paschal Donohoe: The Government’s strategy ‘Housing For All’includes an action for my Department to collect data on vacancy with a view to introducing a Vacant Property Tax. The timeframe for delivery on this commitment is the second quarter of 2022. The Finance (Local Property Tax) (Amendment) Act 2021 enabled Revenue to collect certain information in relation to the occupancy status of...

Written Answers — Department of Finance: Tax Code (7 Apr 2022)

Paschal Donohoe: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. The RZLT is designed to prompt residential development by owners of land that is zoned for residential or mixed-use purposes and that is serviced. The RZLT is an annual tax, calculated at a rate of 3% of the market value of the land. It applies to land that is both zoned as...

Written Answers — Department of Finance: Tax Code (7 Apr 2022)

Paschal Donohoe: I am advised by Revenue that it is not possible to identify the volume of Marked Gas Oil (MGO) consumption in specific sectors of the economy. As such, Revenue cannot provide the cost for the proposed measure to reduce the non-carbon component rate on MGO to zero in respect of its use in agricultural, horticultural or piscicultural works and in forestry until the end of August 2022. It is...

Written Answers — Department of Finance: Departmental Staff (7 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that there are currently 6 staff from my Department working with the European Union in Brussels, in addition to 3 Central Bank of Ireland staff who are currently seconded to the Department of Finance working with the European Union. 5 staff are based in the Permanent Representation of Ireland to the European Union (Perm Rep), whose roles and position are as...

Written Answers — Department of Finance: Banking Sector (7 Apr 2022)

Paschal Donohoe: While it is regrettable that Ulster Bank and KBC have decided to exit the Irish market, Government has no role in relation to the commercial decisions of any bank. However, it is my priority to ensure that each bank withdraws from the market in an orderly manner. My officials and I are engaging with the banks that have indicated their intentions to leave the market, to emphasise the...

Written Answers — Department of Finance: Fiscal Data (7 Apr 2022)

Paschal Donohoe: My Department will set out updated scenarios for the trajectory of the general government balance as part of comprehensive macroeconomic and fiscal forecasts in the Stability Programme Update, to be published next week. These projections will have a forecast horizon as far as 2025. My Department has not produced detailed annual deficit projections to 2030 of the nature outlined in the...

Written Answers — Department of Finance: Tax Code (7 Apr 2022)

Paschal Donohoe: I am advised by Revenue that the estimated first and full year costs to the Exchequer of the Deputy's proposals are set out in the table below. The changes in the income tax rate bands are listed for single taxpayers, but the estimates include commensurate adjustments made for all other taxpayer categories. First year cost Full year cost 30% tax...

Written Answers — Department of Finance: Insurance Industry (7 Apr 2022)

Paschal Donohoe: While neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, I can assure the Deputy that this Government is committed to improving the cost and availability of insurance for all consumers, businesses and community groups, including the hospitality sector. The whole-of-Government approach being taken through the Action Plan for Insurance...

Written Answers — Department of Finance: Defibrillators Provision (7 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that my Department offices are not open to the general public, with the exception of approved appointments. However, these offices under my remit are equipped with defibrillator devices which are portable and can be transported in an emergency situation for use if required. The position in relation to the bodies under the aegis of my Department which are...

Written Answers — Department of Finance: Departmental Contracts (7 Apr 2022)

Paschal Donohoe: I can advise the Deputy that neither the Department of Finance nor bodies under the aegis of the Department of Finance have any record of consultancy contracts being awarded to the organisation named in the years 2017 to 2021.

Written Answers — Department of Finance: Departmental Contracts (6 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that I can provide information in respect of my Department only. As to private security, the Department of Finance does not utilise such services. In terms of cleaning services, the Department uses "Allpro Services" for these purposes. This company has been in situ since 2021, and was appointed following a competitive tendering process carried out in...

Written Answers — Department of Finance: Illicit Trade (6 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 30 and 31 together. In relation to Question No. 30 (Ref: 18451/22) the Deputy is aware that Revenue is independent in relation to its operational activities and I have no role in directing Revenue to investigate any specific sector. I am advised by Revenue that it conducts a full range of compliance interventions to combat all types of tax evasion, focusing...

Written Answers — Department of Finance: Tax Reliefs (6 Apr 2022)

Paschal Donohoe: As the Deputy is probably aware capital gains tax (CGT) is, as a general rule, chargeable on a gain arising on the disposal of an asset at the rate of 33%. The first €1,270 of chargeable gains of an individual in any year are exempt from CGT. Section 604 of the Taxes Consolidation Act, 1997 provides relief from CGT on the disposal of an individual’s principal private residence,...

Written Answers — Department of Finance: Oireachtas Committees (6 Apr 2022)

Paschal Donohoe: As the Deputy will be aware material prepared for Central Bank officials in preparation for their appearance at Oireachtas Committees or any other events are an internal matter for the Bank. The Central Bank is independent in the performance of its functions and this independence is enshrined in the Treaties of the European Union and in the Statute of the European System of Central Banks. The...

Written Answers — Department of Finance: Tax Data (6 Apr 2022)

Paschal Donohoe: I am advised that the information collected by Revenue in relation to nationality for the purposes of the Special Assignee Relief Programme (SARP), relates to the nationality of the relevant employee. The number of instances where the employer indicated that the relevant employee was a Russian national, for the years 2017 – 2019 (the latest year for which data are available), cannot...

Written Answers — Department of Finance: Tax Code (6 Apr 2022)

Paschal Donohoe: The Local Property Tax (‘LPT’) legislation provides for the possibility of deferring the charge to LPT in certain circumstances to assist individuals who may have difficulty paying the tax. The property must be the sole or main residence of the liable person and his or her gross income must be below certain thresholds. A qualifying person may opt to defer, or partially defer,...

Written Answers — Department of Finance: Tax Reliefs (6 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 general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within Annex III of the Directive, in respect of which Member States may apply either one or two reduced rates of VAT. Ireland, in line with...

Written Answers — Department of Finance: Credit Unions (6 Apr 2022)

Paschal Donohoe: In response to the Deputy's question, the Central Bank has provided the following information - set out in tabular form below. (1) The amount paid out by the CIRF, by way of resolution actions, to support Credit Unions was provided in the answer to PQ 16583. (2) In addition to the resolution action amounts, legal fees were also incurred, details of which are contained in the CIRF financial...