Results 7,101-7,120 of 33,883 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (10 Mar 2022)

Paschal Donohoe: I am advised by Revenue that where an amateur drama group is in receipt of income, for example, from the sale of tickets to public performances, this could be treated as income from a trade.  In general, taxpayers who carry on a trade are “chargeable persons” under the self-assessment system and are required to submit a tax return to Revenue by 31 October of the year...

Written Answers — Department of Finance: Tax Data (10 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 188 and 189 together. I am advised by Revenue that the receipts from Mineral Oil Tax (MOT) and Carbon Tax for petrol, diesel and kerosene for the years 2018, 2019 and 2020 are published on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/excise/net- receipts-by-commodity.pdf. The estimated full year cost of reducing the rate of MOT on...

Written Answers — Department of Finance: Banking Sector (10 Mar 2022)

Paschal Donohoe: As Minister for Finance, I have no role in the operational matters of any bank in the State which includes banks in which the State has a shareholding. The commercial decisions and information in this regard are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis.  However, my officials and I are engaging...

Written Answers — Department of Finance: Tax Code (10 Mar 2022)

Paschal Donohoe: Yesterday I announced a temporary reduction in the excise rates for auto fuels. The Government recognises the impacts of the current fuel price increases. While these trends are driven primarily by global factors, I have taken the decision to alleviate some of these impacts through the domestic taxation of fuel. Effective from today, there is a 20 cent reduction in the excise...

Written Answers — Department of Finance: Ukrainian War (10 Mar 2022)

Paschal Donohoe: The Government's response to the Russian invasion of Ukraine is being crafted within the wider European Union response.  The sanctions imposed by the European Union, and by many other jurisdictions, are unprecedented, and the Government's view is that these should be as onerous as possible. The EU autonomous measures place obligations on all Member States and every natural and legal...

Financial Resolution: Excise (9 Mar 2022)

Paschal Donohoe: I move: (1) THAT for the purposes of the tax charged by virtue of section 95 of the Finance Act 1999 (No. 2 of 1999), that Act be amended, with effect as on and from 10 March 2022, by substituting the following for Schedule 2 to that Act (as amended by section 42 of the Finance Act 2021 (No. 45 of 2021)): Light Oil: Rates per 1,000 litres ...

Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Second Stage (9 Mar 2022)

Paschal Donohoe: I will comment on some of the issues raised by Deputies relating to the employment wage subsidy scheme, the pandemic special recognition payment and the emergency support schemes we had in place. I welcome the recognition by many Deputies that the support schemes played an invaluable role in protecting our economy as we grappled with the darkest moments of the pandemic. The employment wage...

Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Second Stage (9 Mar 2022)

Paschal Donohoe: I move: "That the Bill be now read a Second Time". The Bill provides a legislative basis for a number of changes to the main Covid supports that have been announced by the Government and are being implemented by the Revenue Commissioners at the moment on an administrative basis. I am using the opportunity of the Bill to include a number of other financial items that require legislative...

Written Answers — Department of Finance: Tax Reliefs (9 Mar 2022)

Paschal Donohoe: Section 664A Taxes Consolidation Act 1997 provides additional relief for farmers in respect of an increase in the carbon tax on farm diesel.  In addition to being able to claim a tax deduction for expenditure incurred on farm diesel (including any carbon tax charged in respect of the diesel), in computing their taxable farming profits, farmers may claim a further deduction for farm...

Written Answers — Department of Finance: Fuel Prices (9 Mar 2022)

Paschal Donohoe: The Diesel Rebate Scheme (DRS) was introduced in 2013 with the aim of providing support to road haulage and bus transport operators when the retail price of auto diesel is relatively high. The DRS is provided for in section 99A of Finance Act 1999 and operates on a sliding scale basis, whereby a partial rebate of Mineral Oil Tax (MOT) is available when the retail price of a litre of diesel...

Written Answers — Department of Finance: Departmental Funding (9 Mar 2022)

Paschal Donohoe: I wish to advise the Deputy that my Department did not make any payments to independent non-governmental organisations, including organisations with charitable status, non-profit organisations, religious bodies including churches, social enterprises, clubs or societies from 1 January 2020 to date.

Written Answers — Department of Finance: Cycling Policy (9 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 66 and 67 together. Section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the Cycle to Work scheme. This scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and associated safety equipment for an employee. Under section 118B TCA 1997 an employer and employee may also enter into a salary sacrifice...

Written Answers — Department of Finance: Ukrainian War (9 Mar 2022)

Paschal Donohoe: Ireland is robust in meeting its obligations, as an EU member, that arise for all EU members from these autonomous restrictive measures. Adopting strong sanctions packages which should have a strong deterrent effect and long lasting impact on the Russian economy. EU sanctions announced to date in response to the situation are already the most extensive ever, including in relation to...

Written Answers — Department of Finance: Ukrainian War (9 Mar 2022)

Paschal Donohoe: The Register of Beneficial Ownership was established by the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019, Statutory Instrument 110 of 2019. Regulation 20 of this Statutory Instrument requires relevant entities to file information on their beneficial ownership to the Register of Beneficial Ownership. Regulation 23 requires that information...

Written Answers — Department of Finance: Tax Data (8 Mar 2022)

Paschal Donohoe: I am advised by Revenue that the cost of relief from income tax in respect of health expenses, for years up to 2018, the most recent tax year for which data are currently available, can be found in Revenue’s Costs of Tax Expenditures report, which is published at . The information for 2019 will be available at the same link in the coming weeks. The information for years 2020 and 2021...

Written Answers — Department of Finance: Tax Code (8 Mar 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: Banking Sector (8 Mar 2022)

Paschal Donohoe: As Minister for Finance, I have no role in the operational matters of any bank in the State. Decisions in this regard are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. As the deputy knows that the Central Bank of Ireland is the independent financial services regulator and is responsible for monitoring and...

Written Answers — Department of Finance: Departmental Staff (8 Mar 2022)

Paschal Donohoe: Number of staff (paid) 7 March 2022 - 339 Highest annual salary €215,998 Second highest annual salary €187,578 Pay Scales: Minister €115,913 Minister of State €40,464 Revised payscales with effect from 1 February 2022 for established employees appointed on or after 6 April 1995 paying the Class A rate of PRSI contribution and making an employee contribution in...

Written Answers — Department of Finance: Primary Medical Certificates (8 Mar 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, the...