Results 6,221-6,240 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (30 Mar 2022)

Paschal Donohoe: I am advised by Revenue that rent payments for standalone accommodation on an individual’s property are subject to taxation in the same manner as any residential property that is let by its owner. Section 97(1) Taxes Consolidation Act (TCA) 1997 sets out the rules for computing rental profits or gains in such circumstances. Landlords are entitled to deduct certain expenses from...

Written Answers — Department of Finance: Insurance Industry (30 Mar 2022)

Paschal Donohoe: Government fully recognises the concerns felt by many consumers and businesses regarding the cost and availability of insurance. However, it should be noted that according to the CSO that in February 2022, the price of motor and home insurance decreased by 11 and 1 per cent respectively year-on-year, despite a 5.6 per cent rise in the general price level over the corresponding period....

Written Answers — Department of Finance: Primary Medical Certificates (30 Mar 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,...

Written Answers — Department of Finance: Tax Data (30 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 31 and 32 together. I am advised by Revenue that approximately 2,700 apprentices started off-the-job training in January 2022, the returning of these apprentices takes place at different stages, but the majority should have returned to their primary employer in March. Tax returns data available to Revenue do not distinguish in what phase an apprentice is in....

Written Answers — Department of Finance: Tax Reliefs (29 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 257 and 259 together. I propose to take these questions together as they are related. Section 469 of the Taxes Consolidation Act 1997 (TCA 1997) provides for tax relief where an individual proves that he or she has incurred costs in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health...

Written Answers — Department of Finance: Housing Schemes (29 Mar 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 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 Data (29 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 260 and 261 together. Ireland’s taxation of fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. ETD provisions on mineral oils are transposed into national law in Finance Act 1999 (as amended)....

Written Answers — Department of Finance: Tax Code (29 Mar 2022)

Paschal Donohoe: As the Deputy will be aware officials in my Department and their colleagues in Brussels are in frequent contact with the European Commission across a wide range of issues. Discussions may include direct bilateral contact as well as engagement at Working Parties, High Level Working Parties and at Coreper. In addition, as Minister for Finance and President of the Eurogroup I engage directly...

Written Answers — Department of Finance: Revenue Commissioners (29 Mar 2022)

Paschal Donohoe: I am advised that the Deputy’s question relates to PAYE taxpayers. Revenue has advised me that most PAYE income tax returns are submitted online and any refunds due are generally paid to the taxpayer’s bank account within three to five working days. Exceptions may occur where an income tax return is selected for further checking or where Revenue needs to contact the taxpayer to...

Written Answers — Department of Finance: Tax Rebates (29 Mar 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, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of which Member States may apply a...

Written Answers — Department of Finance: Office of the Comptroller and Auditor General (29 Mar 2022)

Paschal Donohoe: The Office of the Comptroller and Auditor General is a body under the aegis of my Department and is an equal opportunities employer. Its recruitment and promotion activity is undertaken in accordance with the Public Service Management (Recruitment and Appointments) Act 2004 and the code of practice issued by the Commission on Public Service Appointments. I am informed by the Office of the...

Written Answers — Department of Finance: Departmental Data (29 Mar 2022)

Paschal Donohoe: I can advise the Deputy that my Department does not have retainers with any outside organisations.

Written Answers — Department of Finance: Tax Reliefs (29 Mar 2022)

Paschal Donohoe: I am informed by Revenue that Tax and Duty Manuals are regularly reviewed, and updated examples included where necessary to provide clarity to taxpayers. Tax and Duty manual 23-01-36 provides an overview of how relief for the increase in the carbon tax on farm diesel operates, as is provided for by section 664A Taxes Consolidation Act 1997. The relief operates by allowing farmers, in...

Written Answers — Department of Finance: Tax Yield (29 Mar 2022)

Paschal Donohoe: Carbon Tax receipts are published on the Revenue website at link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx This includes a breakdown of receipts by commodity, from the introduction of Carbon Tax in 2010 up to 2020. I am advised by Revenue that the provisional amounts raised through the Carbon Tax in...

Written Answers — Department of Finance: Departmental Consultations (29 Mar 2022)

Paschal Donohoe: I wish to inform the Deputy that the below table sets out the providers of diversity and inclusion training in the Department for years 2018 to 2021 and to date in 2022 and the costs associated with same. Year Provider Cost No. of Participants 2018 CMC Business Psychology €5,610.26 53 2021 ...

Written Answers — Department of Finance: Banking Sector (29 Mar 2022)

Paschal Donohoe: The Senior Executive Accountability Regime (SEAR) is a key element of the Central Bank (Individual Accountability Framework) Bill which will drive positive changes in terms of culture, greater delegation of responsibilities, and enhanced accountability while simplifying the taking of sanctions against individuals who fail in their financial sector roles. The General Scheme of the Central Bank...

Written Answers — Department of Finance: Housing Schemes (29 Mar 2022)

Paschal Donohoe: The Help-to-Buy (HTB) is an incentive for first-time property purchasers to help with the deposit needed to buy or self-build a new house or apartment as a home. The qualifying criteria for the HTB includes that first-time purchasers must take out a mortgage with a qualifying lender that is at least 70% of the value of the property or approved valuation in the case of a self-build. The...

Written Answers — Department of Finance: Tax Exemptions (29 Mar 2022)

Paschal Donohoe: I am advised by Revenue as follows: Section 664 of the Taxes Consolidation Act 1997 sets out the criteria which must be met for relief for certain income from the leasing of farmland to be allowed. Farmland must be let by a qualifying lessor under a qualifying lease to a qualifying lessee. The amount of the relief is subject to certain limitations. A qualifying lessee may be an...

Written Answers — Department of Finance: Tax Rebates (29 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 273 to 277, inclusive, together. Ireland’s taxation of fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. ETD provisions on mineral oils are transposed into national law in Finance Act 1999 (as...

Written Answers — Department of Finance: Public Sector Staff (29 Mar 2022)

Paschal Donohoe: I am informed by the Central Bank that at the end of February 2022, the Active Full-Time-Equivalent (“FTE”) was 1,982.6 staff working in the Bank. This figure includes 42.8 Active FTE working within the Registry of Credit Unions Division.