Results 7,061-7,080 of 33,883 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (23 Mar 2022)

Paschal Donohoe: I am advised by Revenue that, where an employer provides an employee or director with a small benefit, that is, a voucher or a benefit (a tangible asset other than cash) with a value not exceeding €500, that benefit will be exempt from Income Tax, PRSI and USC, provided all of the conditions, contained within section 112B of the Taxes Consolidation Act 1997 are satisfied. The...

Written Answers — Department of Finance: Tax Rebates (23 Mar 2022)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of which Member States may apply a...

Written Answers — Department of Finance: Departmental Contracts (23 Mar 2022)

Paschal Donohoe: I wish to advise the Deputy that my Department has no contracts with the company in question.

Rising Energy Costs: Motion [Private Members] (22 Mar 2022)

Paschal Donohoe: I want to open by acknowledging the great challenges many are facing at present due to the rising cost of energy and to the change in the price of gas, oil, coal and diesel, primarily due to the impact of the war taking place in Ukraine. After the terrible difficulties of the past number of years due to Covid and with all of the challenges imposed on so many, and hoping that was beyond us, I...

Written Answers — Department of Finance: Fuel Prices (22 Mar 2022)

Paschal Donohoe: The Government recognises the impacts of the current fuel price increases. These trends are driven primarily by global factors and it is not possible for the Government to fully insulate consumers against these price impacts. However, I took the decision to alleviate some of these impacts through the domestic taxation of fuel with a temporary reduction in the excise rate...

Written Answers — Department of Finance: Covid-19 Pandemic (22 Mar 2022)

Paschal Donohoe: I wish to advise the Deputy that I am answering this PQ on behalf of my Department and the Department of Public Expenditure and Reform.  This is due to the sharing of facilities management between both Departments. The cost incurred by both Departments for the supply of Covid-19 related face masks and face coverings since March 2019 to date are tabulated below:  Year...

Written Answers — Department of Finance: Covid-19 Pandemic (22 Mar 2022)

Paschal Donohoe: I wish to advise the Deputy that I am answering this PQ on behalf of my Department and the Department of Public Expenditure and Reform.  This is due to the sharing of facilities management between both Departments. The shared costs incurred by both Departments for the supply of Covid-19 related hand sanitiser since March 2019 to date are tabulated below:  Year ...

Written Answers — Department of Finance: Tax Code (22 Mar 2022)

Paschal Donohoe: The EU VAT Directive provides that auto fuels must be charged at the standard rate and there is no provision to apply a reduced rate for such fuels. Accordingly, VAT on auto fuels (petrol and diesel) is standard rated at 23%.

Written Answers — Department of Finance: Fuel Prices (22 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 228 and 242 together. On 11 March Minister Eamon Ryan and Minister of State Hildegarde Naughton announced the implementation of an emergency support measure for licensed hauliers to address cost pressures arising from current high fuel prices.  A targeted and temporary grant scheme will provide a payment of €100 per week for every...

Written Answers — Department of Finance: Fuel Prices (22 Mar 2022)

Paschal Donohoe: Ireland applies excise duty, in the form of Mineral Oil Tax (MOT) to specified mineral oils, such as petrol, diesel, and kerosene. MOT is comprised of a carbon component and a non-carbon component. The carbon component is commonly referred to as carbon tax. The non-carbon component is often referred to as “excise” or “fuel duty” but it is important to note that...

Written Answers — Department of Finance: Banking Sector (22 Mar 2022)

Paschal Donohoe: As Minister for Finance, I do not have a direct function in the operations of any bank. Although the State is a shareholder in some of the banks operating in the State, they must be run on a commercial and independent basis. Actions taken by the banks, including the services they choose to provide, are matters for the board and management of each institution. While decisions...

Written Answers — Department of Finance: Fuel Prices (22 Mar 2022)

Paschal Donohoe: Ireland’s taxation of fuel is based on European Union law as set out in the Energy Tax Directive which sets the legal framework for taxation of fuels and electricity in the EU.  Ireland applies Mineral Oil Tax (MOT) to fuels used for motor or heating purposes.  MOT is comprised of a non-carbon and a carbon component; the carbon component is also referred to as carbon tax. The...

Written Answers — Department of Finance: Traveller Community (22 Mar 2022)

Paschal Donohoe: I wish to inform the Deputy that the issues included in the recommendations in the report of the Joint Committee on Key Issues Affecting the Traveller Community are not directly relevant to my Department.  My Department does not have policy responsibility for health, education, employment and accommodation, and accordingly it is not involved in the implementation of these recommendations.

Written Answers — Department of Finance: Tax Data (22 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 233, 234 and 266 together. Ireland's taxation of fuel is subject to European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. ETD provisions on mineral oils are transposed into national law in Finance Act 1999 (as amended)....

Written Answers — Department of Finance: Tax Credits (22 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 235 and 239 together. 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...

Written Answers — Department of Finance: Banking Sector (22 Mar 2022)

Paschal Donohoe: Ireland transposed the fifth Anti-Money Laundering Directive into Irish law by way of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 and the provisions of the 2021 Act, that relate to Virtual Asset Service Providers, commenced on 23 April 2021. In order to provide a comprehensive response to the Deputy’s question, my officials consulted with...

Written Answers — Department of Finance: Ukraine War (22 Mar 2022)

Paschal Donohoe: I would first note that there is nothing specific in the Section 110 securitisation regime that is of particular relevance to Russian investors or originators, and such vehicles are fully in scope of the sanctions regime.  Furthermore, Central Bank data shows that the direct exposures of the Irish Financial System as a whole to Russia are very small. A statistical release on...

Written Answers — Department of Finance: Tax Code (22 Mar 2022)

Paschal Donohoe: As the Deputy is aware, the VAT Compensation Scheme for Charities was introduced in Budget 2018 to reduce the tax burden on Charities and partially compensate them for the VAT incurred in delivering on their charitable purpose.  A total annual capped fund of €5m is available for payment under the Scheme and where the total amount of eligible claims from all Charities in a year...

Written Answers — Department of Finance: Covid-19 Pandemic (22 Mar 2022)

Paschal Donohoe: As the Deputy will be aware, the Government agreed to give a recognition payment of €1,000, for eligible frontline health and ambulance workers. An equivalent payment will be provided for relevant staff in private sector nursing homes and hospices that were affected by Covid-19. Policy in relation to the payment is, in the first instance, a matter for the Minister for Health. However,...

Written Answers — Department of Finance: World Economic Forum (22 Mar 2022)

Paschal Donohoe: The Annual Meetings of the World Economic Forum (WEF) normally take place in Davos, Switzerland in January of each year. An invitation to the Minister for Finance is usually received annually and officials in my Department liaise with the organisers regarding ministerial attendance and participation in panel discussions. I last attended the Annual Meeting of the World Economic Forum in...