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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I have a question for the Minister on the section. We are looking at accelerated payment of credits under the section, but has the Minister considered or will he consider changing the three payments within 36 months to one payment within 12 months in the case of small and micro enterprises? I ask given the challenges such enterprises face.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: We have raised this with the Minister in the past and I am glad to see it is progressing. The Minister said there could be difficulties amending the credit in this way so I am glad it is happening. For those where the credit in excess of €25,000 it will still be payable over a period over a period of three years. Has any consideration being given to fast-tracking that further?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I appreciate that because we in Sinn Féin have been putting forward similar proposals for a number of years now. I am glad the officials in the Department and the Minister have found a way to work around some of the challenges.

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Payments (15 Nov 2022)

Pearse Doherty: 379. To ask the Minister for Employment Affairs and Social Protection the average processing times for working family payment applications in 2020, 2021 and to date in 2022, in tabular form; and if she will make a statement on the matter. [56316/22]

Written Answers — Department of Health: Health Services (15 Nov 2022)

Pearse Doherty: 513. To ask the Minister for Health if plans have been put in place to reinstate the HSE counselling services which were withdrawn from the Creeslough community; and if he will make a statement on the matter. [56208/22]

Written Answers — Department of Health: Hospital Appointments Status (15 Nov 2022)

Pearse Doherty: 538. To ask the Minister for Health when a rescheduled date for ENT procedures at Our Lady's Children's Hospital, Crumlin will be given for a child (details supplied) in County Donegal; the reason for the cancellation; and if he will make a statement on the matter. [56337/22]

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I wish to signal my intention to table two amendments on Report Stage. One will relate to the ability for farm contractors to claim a tax deduction in respect of farm diesel. This is something I have raised on numerous occasions with the Minister, as has my colleague, Deputy Carthy. The second amendment will relate to excise applied to agri-diesel for the year 2023. With regard to the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: May I ask two questions about section 25?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: The timeline in respect of the definition of vacant premises is being reduced from 12 to six months, but the specified period in which the works can be carried out remains at 12 months. Will the Minister clarify that? The Minister is nodding his head. I am jumping ahead of myself, but there is an amendment relating to retrofitting of rental properties. Will the Minister clarify that in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: That is after the works have been carried out. This section does not alter the recoupment, but the existing section says that the pre-letting expense is applicable. If the home does not remain within the rental market, it can be recouped within four years. Why are we allowing two years for something that would be far more expensive in respect of expenditure or tax forgone for the State? I...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: A hundred per cent.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: That is fine.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: This is the amendment I was talking about in terms of the two years versus the four years. I would have expected some consistency in recoupment of the pre-letting expenses and the SEAI grant. I have a general question to start. Things a landlord would do to improve the premises would be deductible anyway. What is the difference here? Is it the timeframe that is applicable or what is the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: We can come back to it later on.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I thank the Minister for clarifying that landlords would be entitled to it anyway and it is just a change to the timeframe within which they may draw down the benefit in terms of making the outlay. Do the works need to be completed by the end of 2025?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: Will that not be challenging given the two-year waiting list for these schemes already? The SEAI already says that from application to grant will take two years. As the clock starts to tick, will landlords do this because they cannot benefit if they do not have it drawn down in time and one of the big problems is the delay in getting the grant?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: The problem will not be in the years ahead. Within a number of months, there will nearly be a disincentive for landlords to apply for this. The SEAI has said that from application to grant takes two years. The Minister is right in saying that in certain areas it will be much worse. Two years is the average. If the Minister is creating an incentive, he should create an incentive. This...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I will come back on that issue of the two and four years. It should apply but we will come back on that, maybe on Report Stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I have no problem with this section. It is something I raised on Committee Stage of the Investment Limited Partnerships (Amendment) Bill 2019. I made the point that there was no requirement to make annual returns or financial statements on exempt unit trusts and investment limited partnerships, so I welcome the inclusion of this in the Bill before us and I support this section.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I move amendment No. 48: In page 77, after line 32, to insert the following: “Report on the tax treatment and economic impact of institutional investment in the housing market 31.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the tax treatment and economic impact of institutional investors and corporate...

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