Results 6,681-6,700 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Official Engagements (8 Feb 2022)

Paschal Donohoe: I last spoke with my Australian counterpart, the then Minister for Finance Mathias Cormann, in July 2020. That engagement provided an opportunity to take stock of global developments, including the economic impact of the Covid-19 pandemic. The opportunity to speak formally with his successor, Minister Simon Birmingham, has not yet presented itself, but I look forward to engaging with him...

Written Answers — Department of Finance: Official Travel (8 Feb 2022)

Paschal Donohoe: The government is in the process of finalising the programme to mark St Patrick’s Day around the world. This will include a programme of visits by Ministers that will be approved by the Government early this month, and which will be made public immediately afterwards.

Written Answers — Department of Finance: Departmental Data (8 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 253 and 254 together. I am advised by Revenue that in relation to Vehicle Registration Tax (VRT), the number of vehicles which were the subject of a written warning, detained under section 140 of the Finance Act 2001, seized under section 141 of the Finance Act 2001 and/or where a compromise penalty was paid under S144(2) or S128(5) of the Finance Act 2001 for...

Written Answers — Department of Finance: Banking Sector (8 Feb 2022)

Paschal Donohoe: It should be noted that the approval or refusal of applications made by any firm to the Central Bank of Ireland is not a matter which the Minister or the Department of Finance has any role or involvement in. I am also informed by the Central Bank of Ireland that it does not regulate the firm in question. While the Central Bank cannot comment on individual firms it is the responsibility of...

Written Answers — Department of Finance: Banking Sector (8 Feb 2022)

Paschal Donohoe: The Central Bank has indicated that it expects all regulated firms to take a consumer-focused approach and to act in their customers’ best interests at all times, including during the COVID-19 pandemic. In addition, since the COVID-19 situation first arose, I have maintained contact with the Banking and Payments Federation of Ireland (BPFI) and banks on the measures the sector has...

Written Answers — Department of Finance: Tax Credits (8 Feb 2022)

Paschal Donohoe: As with all tax expenditures, the R&D tax credit is regularly evaluated to assess its continuing relevance and impact. In line with my Department’s Tax Expenditure Guidelines, an evaluation of the R&D tax credit took place over 2019 and 2020. This evaluation, as part of its scope, examined the interaction between SMEs and the credit and looked at elements of the...

Written Answers — Department of Finance: Housing Schemes (8 Feb 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 the State over the previous four years, subject to limits outlined in the legislation. I am advised by Revenue that detailed statistics on the Help to Buy...

Written Answers — Department of Finance: Primary Medical Certificates (8 Feb 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: Tax Code (8 Feb 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 the State 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: Tax Yield (8 Feb 2022)

Paschal Donohoe: The revenue raised from Carbon Tax from 2017 to 2021 is set out in the table below. Please note that figures for 2021 are provisional. Year Carbon Tax Revenue (VAT exclusive) 2017 €419,603,362 2018 €431,131,924 2018 €430,461,735 2020 €493,572,969 ...

Written Answers — Department of Finance: Departmental Schemes (3 Feb 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. Section 477C Taxes Consolidation Act (TCA) 1997 outlines the...

Written Answers — Department of Finance: Mortgage Resolution Processes (3 Feb 2022)

Paschal Donohoe: The Central Bank has advised that, where a mortgage loan is sold or transferred from one regulated entity to another regulated entity, the rights and protections that were available to borrowers prior to the transaction continue to be in place with the new owner. Accordingly, consumers maintain the regulatory protections which are available under the various Central Bank statutory Codes...

Written Answers — Department of Finance: Banking Sector (3 Feb 2022)

Paschal Donohoe: As the Deputy may be aware, as Minister for Finance, I have no role in the commercial decisions made by any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard, including the management of branch premises, are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The...

Written Answers — Department of Finance: Tax Code (3 Feb 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States...

Written Answers — Department of Finance: Tax Code (2 Feb 2022)

Paschal Donohoe: I am advised by Revenue that electronic Customs import declarations are now required for all parcels / packages coming from non-EU countries including those coming through the postal system regardless of the value of the goods being sent. Since 1 July 2021, all goods imported to the Union, regardless of their value, are liable to VAT. In addition, all goods valued at €150 or more may...

Written Answers — Department of Finance: Tax Code (1 Feb 2022)

Paschal Donohoe: Revenue’s role in relation to the supply of taxable solid fuels in the State lies in the collection of Solid Fuel Carbon Tax (SFCT) and VAT. Solid fuel (coal and peat) is liable to excise duty in this jurisdiction in the form of Solid Fuel Carbon Tax (SFCT), which is a national excise that applies at different rates to four categories of solid fuel: coal, peat briquettes, milled...