Results 621-640 of 11,861 for speaker:Brian Hayes

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: The yield from ESM trading is between €4.5 and €5 million.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: It will encourage small and medium businesses to get on the listing as a means of obtaining further capital from the markets at some point. I wish to read a note into the record. The section provides for an exemption from the 1% duty for transfers of shares in companies listed on the ESM of the Irish Stock Exchange. The exemption, which the Minister announced in his budget speech, is one...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: That is not too bad.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: The Deputy can put the same amendment next year.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: I move amendment No. 84: In page 79, between lines 32 and 33, to insert the following: “Notice of requirement to furnish certain information, etc. 63. Part 13 of the Principal Act is amended—(a) in Chapter 1 by inserting the following section after section 108:“Notice of requirement to furnish certain information, etc. 108A. (1) The Revenue Commissioners may, for the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: I move amendment No. 85: In page 80, to delete line 34 and substitute the following:“(2) Subsection (1) comes into operation on such day as the Minister for Finance may appoint by order.”.Section 63 of the Bill, as initiated, amends the Value-Added Tax Consolidation Act 2010 to provide for changes in the VAT rates applying to horses and greyhounds, with effect from 1 May 2014....

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: It takes the Deputy's idea and puts it in a technically correct manner.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: No. I understood the Deputy's amendment better than my own.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: I move amendment No. 87: In page 80, after line 34, to insert the following:“Amendment of Schedule 1 to Principal Act 64. Schedule 1 to the Principal Act is amended in paragraph 14(2) with effect from 1 January 2014 by inserting “and Irish Water” after “local authorities”.”.This is an amendment to Schedule 1 of the Value-Added Tax Consolidation Act...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: This amendment will mean the exemption currently in force will apply in the case of Irish Water as well. We are not imposing any VAT.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: Yes.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: There will be no VAT charge on water.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: I know the Deputy spoke about this earlier.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: I move amendment No. 80: In page 75, line 20, to delete "and".The purpose of amendment No. 81 is to provide that the excise duty payable on licences for remote bookmakers and betting intermediaries may at the option of the applicant be paid either in full at the time of issuing of the licence or in two equal instalments. If the instalment option is selected the first instalment would be...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: I move amendment No. 81: In page 75, line 29, to delete "December."." and substitute the following: "December.", and (c) by inserting the following sections after section 66: “Payment arrangements for excise duty payable under section 65, 66A or 66B 66C. (1) The excise duty payable under section 65, 66A or 66B, as the case may be, shall, at the option of the person by whom it is so...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: Section 61 of the Bill gives effect to the budget announcement to increase the VAT cash receipts accounting threshold from €1,250,000 to €2,000,000. This amendment proposes to increase the threshold further to €2,500,000. Deputy McGrath and others will be aware that as part of the budget announcement last year by way of the ten point action plans for SME business, the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: No, 66%.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: The black economy is a problem within our society. It deprives the Exchequer of much-needed revenues and poses a significant threat to legitimate business. For these reasons, tackling the problem is treated as a priority for this Government and by its agencies, in particular the Revenue Commissioners. With regard to the Deputy's proposal that all invoices issued for farming contracting...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: I thank the Deputy for this amendment. The taxation of remote betting operators is designed to level the playing field with traditional bookmakers and the Betting (Amendment) Bill 2013, published in July, provides the regulatory framework for this. The Bill was subject to a three-month standstill period under the EU technical standards directive. This commenced in July and a number of...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Brian Hayes: I understand the Deputy's remarks about a lack of progress on the Bill thus far, but it is the Minister's firm intention to commence Second Stage during this session. We have some weeks yet and he hopes to make progress, pending a schedule from the Whips. A stand-alone issue arises under the EU technical standards directive, in that at least three months must pass. We could not get around...