Results 6,121-6,140 of 32,433 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (25 Jan 2022)

Paschal Donohoe: The VAT rates applying in Ireland are subject to the requirements of EU VAT law with which Irish VAT law must comply. While hairdressing services apply the 9% rate from 1 November 2020, services consisting of the care of the human body, including beauticians, are subject to the 13.5% rate. This arises from the fact that many of goods and services to which Ireland applies a reduced rate of...

Written Answers — Department of Finance: Tax Code (25 Jan 2022)

Paschal Donohoe: I understand the Deputy is referring to the payment of Local Property Tax (LPT). LPT is a self-assessed tax, administered in accordance with the provisions set out in Finance (Local Property Tax) Act 2012 (as amended). I am advised by Revenue that it wrote to approximately 1.4 million property owners in September and October 2021 advising them of their statutory obligations for the new...

Written Answers — Department of Finance: Tax Code (25 Jan 2022)

Paschal Donohoe: The tax treatment of commercial activities, including the rental of property, typically differs from that which applies to private individuals. For the business owner, the costs associated with running the business may be deductible for tax purposes. As the Deputy may be aware, the Minister for Housing, Local Government and Heritage, has established an Independent Working Group to...

Written Answers — Department of Finance: Domestic, Sexual and Gender-based Violence (25 Jan 2022)

Paschal Donohoe: There is a current budget allocation in 2022 for a training intervention that spans these areas. This is subject to final costs after a procurement exercise in Quarter 2, but costs are not expected to exceed €10,000. There was nothing allocated for these areas in 2021. 2021 2022 Nil €10,000

Written Answers — Department of Finance: Employment Schemes (25 Jan 2022)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020, provides for the Employment Wage Subsidy Scheme (EWSS), which is an economy-wide enterprise support for eligible businesses in respect of eligible employees. The Finance (Covid-19 and Miscellaneous Provisions) Act 2021 was published on 23 June and enacted on 19 July 2021 and extended EWSS to 31 December 2021. ...

Written Answers — Department of Finance: Dental Services (25 Jan 2022)

Paschal Donohoe: The VAT treatment of the supply of goods and services is subject to the requirements of the EU VAT Directive, with which Irish VAT law must comply. Exemptions from VAT for certain activities in the public interest are set out in Chapter 2 of Title IX of the Directive. These provisions are transposed into Irish legislation in Part 1, Schedule 1, VAT Consolidation Act 2010. Paragraph 2(5) of...

Written Answers — Department of Finance: National Asset Management Agency (20 Jan 2022)

Paschal Donohoe: I propose to take Questions Nos. 170 and 171 together. As the Deputy will be aware, NAMA does not typically own or sell properties, rather NAMA owns loans for which properties act as security. Secured properties remain in the ownership and control of their registered owners, or appointed receivers where applicable. These parties are responsible for all matters relating to the management of...

Written Answers — Department of Finance: Departmental Data (20 Jan 2022)

Paschal Donohoe: 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 or as a passenger and also to certain organisations. In order...

Written Answers — Department of Finance: Financial Services (20 Jan 2022)

Paschal Donohoe: In the operation of debt recovery creditors are obliged to operate and enforce agreements within the law and the terms of the relevant agreement. Where a creditor is a regulated financial services provider, such as an investment fund, they must in addition operate within the framework of relevant Central Bank regulatory and consumer protection requirements.   ...

Written Answers — Department of Finance: Primary Medical Certificates (20 Jan 2022)

Paschal Donohoe: 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 or as a passenger and also to certain organisations. In...

Written Answers — Department of Finance: Tax Exemptions (19 Jan 2022)

Paschal Donohoe: On the introduction of  the Local Property Tax (LPT), the Government decided that a liability to the tax should apply to all owners of residential properties with a limited number of exemptions. Limiting the exemptions available allows the rate to be kept low for those liable persons who do not qualify for an exemption. The proceeds of the LPT are largely used in the general...

Written Answers — Department of Finance: Insurance Industry (19 Jan 2022)

Paschal Donohoe: At the outset, it is important to point out that neither I, nor the Central Bank, can intervene in the provision or pricing of insurance products, which is ultimately a commercial matter for each provider. However, this point notwithstanding, the Government is committed to reforming the Irish insurance environment through delivery of the Action Plan for Insurance Reform. One of the...

Written Answers — Department of Finance: Tax Reliefs (19 Jan 2022)

Paschal Donohoe: Section 284 Taxes Consolidation Act (TCA) 1997 makes provision for a person carrying on a trade, who incurs capital expenditure on the provision of machinery or plant for the purposes of the trade, to claim capital allowances in respect of that expenditure.  Capital allowances allow the wear and tear of plant and machinery be taken into account as a deduction for tax purposes. In...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (19 Jan 2022)

Paschal Donohoe: The objective of the Employment Wage Subsidy Scheme (EWSS) is to support employment and maintain the link between the employer and employee insofar as is possible. The EWSS has been a key component of the Government’s response to the Covid-19 crisis. It is an economy-wide scheme that operates across all sectors. In money terms, the overall support provided to-date (13th January) by...

Written Answers — Department of Finance: Housing Provision (19 Jan 2022)

Paschal Donohoe: Through working with debtors and receivers, NAMA’s residential delivery programme facilitated the completion of 10,052 units in the years 2018 to 2020. This total includes: 5,283 units directly funded by NAMA; and 4,769 new residential units completed on sites for which NAMA had funded planning permission, enabling works, legal costs or holding costs prior to disposal or refinance....

Written Answers — Department of Finance: Housing Schemes (19 Jan 2022)

Paschal Donohoe: The Help to Buy (HTB) 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 of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. The legislation governing the HTB scheme is set out in section...

Written Answers — Department of Finance: Departmental Reports (19 Jan 2022)

Paschal Donohoe: I welcome the findings of this important report and note that it has been referred to the National Disability Inclusion Strategy Steering Group chaired by Minister of State Anne Rabbitte T.D. to consider what actions should follow.   I look forward to engaging with my Government colleagues and in particular with Minister of State Rabbitte in the matter.

Written Answers — Department of Finance: Tax Reliefs (19 Jan 2022)

Paschal Donohoe: I am advised by Revenue that the tax agent representing the couple in question filed a tax return (Form 11) for the 2020 tax year on their behalf on 9June 2021. The return included a claim for relief amounting to €10,900 in respect of pension contributions paid by the couple. Revenue subsequently acknowledged to both the couple and the tax agent that the full amount of the relief...

Written Answers — Department of Finance: Legislative Measures (19 Jan 2022)

Paschal Donohoe: I am assuming the Deputy is referring to Parliamentary Question No. 201 (proof No. 203) of 7 December last as it refers to the time limits for investigating a complaint by the Financial Services and Pensions Ombudsman (FSPO) and not Parliamentary Question No. 203. In July 2017, legislative changes were made to the time limits for making complaints to the FSPO’s...

Written Answers — Department of Finance: Tax Code (19 Jan 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.  Under the EU VAT Directive and Irish VAT legislation the supply of building materials is liable to VAT at the standard rate, which in Ireland is currently 23%.  In general, Member states are not permitted to apply a VAT rate...