Results 701-720 of 9,090 for speaker:Jack Chambers

Financial Resolutions 2024 - Budget Statement 2025 (1 Oct 2024)

Jack Chambers: A Cheann Comhairle, is onóir dom é buiséad 2025 a thíolacadh, buiséad deireanach théarma an Rialtais seo, don Teach seo inniu in éineacht le mo chomhghleacaí, an tAire, an Teachta Donohoe. INTRODUCTION When this Government took office in June 2020, we were still dealing with Brexit and in the midst of a global pandemic that was having an...

Written Answers — Department of Finance: Tax Credits (1 Oct 2024)

Jack Chambers: The Rent Tax Credit (RTC), as provided for in section 473B of the Taxes Consolidation Act 1997 (TCA 1997), was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. I am informed by Revenue that they are unable to prepare estimates of the numbers of taxpayers who are eligible to claim the RTC, as the data available...

Written Answers — Department of Finance: Tax Code (1 Oct 2024)

Jack Chambers: The VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the Directive provides that all goods and services are liable to VAT, and that VAT is paid by the final consumer. EU law allows for certain historic VAT treatments to be maintained by a Member State under certain strict conditions, including that a historic treatment cannot...

Written Answers — Department of Finance: Revenue Commissioners (1 Oct 2024)

Jack Chambers: I am advised by Revenue that its Large Cases – High Wealth Individuals Division (LC-HWID) was expanded under internal realignment earlier this year. The division now includes three Financial Services branches and has been renamed High Wealth and Financial Services Division. The statistics in the table refer to the original LC-HWID. LC-HWID had responsibility for the following...

Written Answers — Department of Finance: Middle East (1 Oct 2024)

Jack Chambers: I have been informed by the Central Bank that they held approximately €17bn of Investment Assets at the end of 2023, mostly invested in government bonds and other high-quality fixed income (bond) instruments issued by multilateral development banks, supranational organisations and government-linked agencies. The Central Bank of Ireland does not directly invest in Israeli...

Written Answers — Department of Finance: Revenue Commissioners (1 Oct 2024)

Jack Chambers: I am advised by Revenue that a multifaceted approach is taken to tackling the misuse of marked fuels. Under Council Directive 95/60/EC of 27 November 1995 on fiscal marking of gas oils and kerosene, all Member States must apply a common fiscal marker, referred to as the Euromarker, to any gas oil and kerosene to which a reduced rate of excise duty applies. Commission Implementing Decision...

Written Answers — Department of Finance: Departmental Policies (1 Oct 2024)

Jack Chambers: There is a strong consumer protection framework in place, which is overseen by the Central Bank of Ireland, that seeks to ensure that all regulated entities are transparent and fair in all their dealings with borrowers and that borrowers are protected from the beginning to the end of the mortgage life cycle. This consumer protection framework applies to entities that provide mortgages to...

Written Answers — Department of Finance: Electric Vehicles (1 Oct 2024)

Jack Chambers: Finance (No.2) Act 2023 extended the benefit-in-kind (BIK) tapered relief available for electric vehicles (EVs) to 2027. This means that for an electric car/van made available for an employee’s private use during the years 2024 to 2027, the cash equivalent will be calculated based on the actual original market value (OMV) of the vehicle, reduced by: • €35,000 in respect...

Written Answers — Department of Finance: Tax Code (1 Oct 2024)

Jack Chambers: I am advised by Revenue that they were in contact with the person concerned on 20 September 2024 regarding the Capital Acquisitions Tax (CAT) liability arising from their purchase of the family home. The person has been advised to submit a Capital Acquisitions Tax (CAT) Form IT38 to establish the exact CAT liability. In addition, the person was made aware of the different payment options...

Written Answers — Department of Finance: Tax Code (1 Oct 2024)

Jack Chambers: I am advised by Revenue that the Value Added Tax (Refund of Tax Order) (No. 15) Order 1981, S.I. 428 of 1981, provides for the refund of VAT incurred on qualifying goods for the use of persons with a disability. The conditions of the Refund Order include providing evidence that the person has a disability, and that the goods are for the purpose of assisting them to overcome their disability...

Written Answers — Department of Finance: Housing Schemes (1 Oct 2024)

Jack Chambers: The rent-a-room relief (contained in section 216A Taxes Consolidation Act 1997 (TCA)) provides that, where an individual rents a room or rooms in their home as residential accommodation, the individual is treated, for income tax purposes, as not having any income from the letting where the gross rent received (including sums for food, laundry or similar goods and services), does not exceed...

Written Answers — Department of Finance: Tax Code (1 Oct 2024)

Jack Chambers: The VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with the EU VAT Directive, farmers can elect whether or not to register for VAT in respect of their farming business, and this affects how VAT incurred on their inputs (such as the purchase of farm equipment) is treated. Farmers who elect to register for VAT are obliged to...

Written Answers — Department of Finance: Financial Services (1 Oct 2024)

Jack Chambers: Ireland has a robust consumer protection framework in place to support consumers of financial services. Ireland is a signatory to the G20/OECD High-Level Principles of Financial Consumer Protection and in September 2023, my Department published a Roadmap on Financial Consumer Protection. The Central Bank's Consumer Protection Code is a cornerstone of Ireland's consumer protection...

Written Answers — Department of Finance: Departmental Data (1 Oct 2024)

Jack Chambers: I am advised by Revenue that the number of Category A vehicles registered for VRT with an open market selling price (OMSP) between €70,000 and €100,000, and above €100,000, to the end of August 2024 is provided in the following table. These figures are provisional. Time period OMSP between €70,000 and €100,000 OMSP >...

Written Answers — Department of Finance: Official Engagements (1 Oct 2024)

Jack Chambers: In the time available, the diaries of the offices of the Minister for Finance and of the Minister of State at the Department of Finance have been examined in line with the Deputy’s question. The records show that the former Minister of State at the Department of Finance, Deputy Jennifer Carroll MacNeill, attended a lunchtime meeting with the former Israeli Ambassador to Ireland,...

Written Answers — Department of Finance: Departmental Consultations (1 Oct 2024)

Jack Chambers: No advice, briefings or consultations with communications consultants, public relations or affairs firms have been sought or paid for by the Department of Finance in 2022, 2023 or to date in 2024.

Finance (Provision of Access to Cash Infrastructure) Bill 2024: Second Stage (26 Sep 2024)

Jack Chambers: I move: "That the Bill be now read a Second Time." The Department of Finance's retail banking review, published in November 2022, concluded that despite a decline in its usage, cash remains an important element of the payments system and the broader economy and that it is essential that cash remains readily available to customers through ATMs and other means across the country. The...

Written Answers — Department of Finance: Revenue Commissioners (26 Sep 2024)

Jack Chambers: I am advised by Revenue that an incorrect code was used during the registration of the vehicle concerned. Revenue was made aware of the issue on 23 September 2024, following which the vehicle’s record was corrected and updated to the system overnight. I can further advise that Revenue has made contact with the person concerned advising that the matter is now resolved, and the vehicle...

Written Answers — Department of Finance: Apple Escrow Account (26 Sep 2024)

Jack Chambers: While Ireland’s demographic profile is relatively favourable at present, it is set to age rapidly over the coming decades bringing us closer to the EU norms. While it is, of course, a very positive development that people in Ireland are living longer, healthier lives, it is important that we understand the significant impact these trends will have for our economy, public finances as...

Written Answers — Department of Finance: Apple Escrow Account (26 Sep 2024)

Jack Chambers: There were important matters of principle that drove the Government's decision to seek an annulment of the European Commission's 2016 State aid Decision. These remain valid, despite the final judgment reconfirming this Commission’s Decision. While Ireland of course accepts and is implementing the Court of Justice of the European Union's judgment, it was important that Ireland defended...