Results 6,781-6,800 of 32,527 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I dispute that vacant properties are as prevalent as the Deputy believes they are.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I look at the figures we have on the low levels of vacancy from the Geodirectory survey as recently as last summer that indicated that in the north inner city of Dublin, for example, there was a vacancy rate of 0.86% and that the rate in Clontarf, for example, was 0.24%. Those figures would indicate that there is a low level of vacancy but behind every percentage point or fraction thereof is...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: As I look back at all the things that have happened in recent years, I believe that if I had introduced a vacant property tax at that point in time I could have done so with a design that might have been wrong which would have generated issues that I would then have had to deal with. The point at which to introduce this tax is after a local property tax revaluation that will provide...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I have proposed that and I have indicated what all those measures will be. I want to thank Deputies for the time and effort that has been expended over the last three days to scrutinise this Bill. I thank the officials of the committee and my officials for supporting us in our efforts. I want to acknowledge one official in particular, Rory O'Kelly. Rory is the engine of getting the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: There are not many rounds of applause in this committee so Rory should savour that moment. I look forward to working with Deputies on this important Bill on Report Stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I move amendment No. 141: In page 174, line 6, after “in” to insert “subsections (2) and (3) of”

Written Answers — Department of Finance: Financial Instruments (17 Nov 2021)

Paschal Donohoe: As the Deputy may be aware the purpose of this amendment was to make a change to section 40 of the Capital Acquisitions Tax Consolidation Act 2003, which provides for a charge to capital acquisitions tax in relation to the free use of property. The central thrust of the amendment was to change the methodology for valuing the free use of cash in the form of an interest-free or low...

Written Answers — Department of Finance: Housing Schemes (17 Nov 2021)

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: Insurance Industry (17 Nov 2021)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland can intervene in the provision or pricing of insurance products, or have the power to direct insurance companies to provide cover in such circumstances. This position is reinforced by the EU...

Written Answers — Department of Finance: Tax Code (17 Nov 2021)

Paschal Donohoe: The VAT rating of goods and services is subject to the provisions of EU VAT law, with which Irish VAT law must comply. There is no provision in the VAT Directive to exempt the supply of assistive technology and mainstream technology devices. However, there is a VAT refund order in place (Refund Order (No.15) 1981) which provides for the refund of VAT on goods purchased for use by...

Written Answers — Department of Finance: Tax Code (17 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 73, 74 and 75 together. The Deputy has requested the number of rental and residential properties disposed of in each of the years 2016 to 2020 and to date in 2021 in circumstances in which those properties were acquired between 7 December 2011 and 31 December 2014 and as such are not subject to capital gains tax under section 604A of the Taxes...