Results 6,601-6,620 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Exemptions (17 Feb 2022)

Paschal Donohoe: The general position is that all tax expenditures and reliefs fall to be considered as part of the annual Budget and Finance Bill process.     In relation to the annual age exemption limits, section 188 of the Taxes Consolidation Act 1997 (TCA 1997) provides for these exemptions and associated marginal relief. Where the age exemption applies the claimant’s income...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Feb 2022)

Paschal Donohoe: On 24 March 2020, the Government announced measures to provide financial support to workers affected by the COVID-19 crisis. As part of these measures, Revenue operated a COVID-19 Temporary Wage Subsidy Scheme. The Temporary Wage Subsidy Scheme (TWSS) provided the payment of income supports to employers in respect of eligible employees, where the employer’s business activities...

Written Answers — Department of Finance: Tax Credits (17 Feb 2022)

Paschal Donohoe: As the Deputy may be aware, the Minister for Housing, Local Government and Heritage, has established an Independent Working Group to examine the issue of defective housing. Officials from my Department participate in this Working Group. The objectives of the group are to identify the scope of relevant significant defects in housing, to evaluate the scale of housing...

Written Answers — Department of Finance: Departmental Reports (17 Feb 2022)

Paschal Donohoe: Details of studies, research and reviews undertaken or commissioned by my Department in 2021 are set out in the table below. It should be noted that a number of these are ongoing and are not expected to be completed until 2022, in which case the expected completion date is listed. Studies, Reviews, and Research undertaken or commissioned in 2021 Completion Date...

Written Answers — Department of Finance: Housing Schemes (17 Feb 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 gives a refund of Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act 1997 outlines the definitions...

Written Answers — Department of Finance: Tax Exemptions (16 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 78 to 80, inclusive, 86, 88 and 89 together. As the deputies will be aware the EU Commission published a proposal on the reform of VAT rates in January 2018 which would allow Member States more flexibility in how they apply VAT rates. The compromise text agreed at ECOFIN in December has been amended significantly in comparison to the original proposal so...

Written Answers — Department of Finance: Departmental Data (16 Feb 2022)

Paschal Donohoe: I wish to advise the Deputy of the schedule of foreign travel episodes arranged by my Department for elected representatives, Ministers and their staff and or special advisors since 1 January 2018 to date in 2022.  The schedule provides the relevant information relating to dates of travel, final destination and the attending costs for each.  ">Foreign Travel Eqisodes

Written Answers — Department of Finance: Economic Data (16 Feb 2022)

Paschal Donohoe: Exchequer debt servicing costs for 2022 were projected at just below €3.9bn at the time of Budget 2022last October. This is a slight increase on 2021. The provisional debt service outturn for 2021 was just below €3.75bn. I am informed by the National Treasury Management Agency (NTMA) that the maturity profile of the Exchequer’s medium/long-term (MLT) debt portfolio is...

Written Answers — Department of Finance: Economic Data (16 Feb 2022)

Paschal Donohoe: I have been informed by the Central Bank that it compiles information on the assets and liabilities of institutional sectors as part of the Quarterly Financial Accounts (QFA). The latest QFA statistics show that Irish private sector debt stood at €808bn in Q3 2021. As a proportion of GDP, private sector debt continues to decline and stood at 197 per cent in Q3 2021. Private sector...

Written Answers — Department of Finance: Tax Data (16 Feb 2022)

Paschal Donohoe: I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific services on their VAT returns. However, a tentative estimate for the VAT collected on the supplies listed is provided in the table below for 2010 – 2021, based on tax returns and other third-party sources available to Revenue. Information for 2021 should be considered...

Written Answers — Department of Finance: Energy Policy (16 Feb 2022)

Paschal Donohoe: Ireland is a strong supporter of the EU Taxonomy for sustainable activities’ development as a science-based tool to classify, to guide and to help mobilise investments in activities that will help us achieve carbon neutrality. It is a voluntary tool aimed primarily for use by financial services firms and large companies. The European Commission adopted a Delegated Act on 2 February...

Written Answers — Department of Finance: Credit Unions (16 Feb 2022)

Paschal Donohoe: The Programme for Government includes a number of commitments in relation to the credit union sector.  Work on the Review of the Policy Framework is well advanced and we intend to issue proposals emanating from the Review for consultation shortly. As part of the Review of the Policy Framework, Minister of State Fleming has conducted extensive...

Written Answers — Department of Finance: Tax Code (16 Feb 2022)

Paschal Donohoe: VAT is governed by the EU VAT Directive, with which Irish VAT law must comply.  Article 78 of the VAT Directive provides that the taxable amount shall include “taxes, duties, levies and charges, excluding the VAT itself”. The amount on which VAT is chargeable, in accordance with section 37(1) of the Value-Added Tax Consolidation Act 2010, is the total consideration...

Written Answers — Department of Finance: Tax Data (16 Feb 2022)

Paschal Donohoe: I am advised by Revenue that information on gender is not captured on Revenue systems in respect of the Vehicle Registration Tax (VRT) activity previously referenced in my reply to Parliamentary Question 253. For this reason it is not possible to provide the Deputy with the information requested.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Feb 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 (10th February)...

Tackling the Cost of Living - Institutional Investors in the Residential Property Market: Motion (15 Feb 2022)

Paschal Donohoe: I move amendment No. 2: To delete all words after "Dáil Éireann" and substitute the following: "notes that: — a substantial increase in the supply of new homes is the only route to solving Ireland's housing crisis; — delivering the target of an average of 33,000 homes per annum will require significant private investment alongside our unprecedented levels of...

Written Answers — Department of Finance: Primary Medical Certificates (15 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 267 and 272 together. 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...

Written Answers — Department of Finance: Departmental Schemes (15 Feb 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 Rebates (15 Feb 2022)

Paschal Donohoe: One of the actions set out in the recently published Climate Action Plan is that the potential for new tax measures to support retrofit will be explored. In the normal course of events, the introduction of any new tax expenditure measure generally takes place in the context of the annual Budget and Finance Bill process. In relation to the specific question posed by the Deputy, it would...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Feb 2022)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide support to assist eligible employers meet employee wages where trade is negatively impacted by Covid-19. The EWSS is operated on a self-assessment basis with the onus on applicants to satisfy themselves that they fully meet the eligibility criteria for the scheme as set down in the legislation and to self-declare to Revenue that...