Results 721-740 of 9,090 for speaker:Jack Chambers

Written Answers — Department of Finance: Charitable and Voluntary Organisations (26 Sep 2024)

Jack Chambers: In advance of the Budget, as Minister for Finance I receive a large number of pre-budget submissions on a wide range of issues. All submissions are acknowledged by my Department on receipt. I can confirm the pre-Budget submission to which the Deputy refers was received and an acknowledgment issued on Monday, 23 September 2024. The contents will be considered in the context of the...

Written Answers — Department of Finance: Insurance Industry (26 Sep 2024)

Jack Chambers: At the outset, I wish to reassure the Deputy that I recognise the concerns felt by many thatched property owners across the country around the cost and availability of insurance cover for their properties. However, it is important to note that neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products. I can assure the Deputy that this...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: The age exemption applies for any year of assessment where an individual is aged 65 years or over and his or her total income does not exceed €18,000 per annum. Where an individual is a married person or civil partner and is jointly assessed to tax, the age exemption will apply where either individual is aged 65 or over and where the couple’s total income does not exceed...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: Overall, the policy objective for tax relief on pension contributions is to encourage individuals to save for retirement; to help meet a targeted level of supplementary pension coverage and income replacement; and to assist in preventing an over-reliance on State support for citizens in later life. Accordingly, pensions already have their own special treatment within the tax system to...

Written Answers — Department of Finance: Departmental Policies (26 Sep 2024)

Jack Chambers: I propose to take Questions Nos. 131, 132 and 136 together. Ireland’s equity markets are diverse encompassing both public and private equity market participants and a wider ecosystem which includes a large number of professional services firms. It is clear that public equity markets in Europe, including Ireland, have been facing significant challenges over the last decade due to a...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: Capital Gains Tax (‘CGT’) Retirement Relief applies to gains arising on the disposal of qualifying business or farming assets which are relieved from CGT where the person disposing of the asset(s) is aged 55 or over and both owned and used the asset(s) for the ten years prior to the disposal. The relief may apply on the transfer of business or farming assets within the family,...

Written Answers — Department of Finance: Budget 2025 (26 Sep 2024)

Jack Chambers: Each year since 2009, Revenue, in conjunction with the ’s National Tobacco Control Office, has commissioned Ipsos MRBI to conduct independent market research among smokers about the source of their cigarettes. The survey is an independent research study into illegal tobacco products behaviour patterns, the purpose of which is to estimate the volume of non-Irish duty paid cigarettes...

Written Answers — Department of Finance: Budget 2025 (26 Sep 2024)

Jack Chambers: In coming to a decision on any policy matter I will of course take all strands of relevant considerations into account including impacts on public health, the environment, social impacts and the exchequer. However, as the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the budget, on any tax matters that might be subject to...

Written Answers — Department of Finance: Economic Policy (26 Sep 2024)

Jack Chambers: The Capital Markets Union (CMU) is a project which aims to deepen and further integrate Europe’s capital markets, support growth and enhance the resilience of the financial system. For Ireland, CMU has the potential to widen the sources of available funding for our companies as well as provide opportunities for our export-oriented financial services sector to contribute to a more...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: I note the Deputy's query regarding the eight-year deemed disposal and it's impact on investors. Finance Act 2006 introduced the eight-year deemed disposal for all investments that benefit from gross roll-up: that is, investments in Irish funds, investments in life policies and investments in offshore funds that were similar to Irish funds. The eight-year deemed disposal was introduced...

Written Answers — Department of Finance: Ministerial Staff (26 Sep 2024)

Jack Chambers: I wish to inform the Deputy that the details of all Special Advisors during my period in office as the Minister for Finance are set out in the Table below: Role Equivalent Grade Point on Scale Duration Special Advisor to the Minister for Finance (Minister Jack Chambers, T.D.) Principal Officer 4 26/06/2024 - present ...

Written Answers — Department of Finance: Housing Schemes (26 Sep 2024)

Jack Chambers: 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 on Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation. HTB, as provided for by section 477C of the Taxes Consolidation Act...

Written Answers — Department of Finance: State Bodies (26 Sep 2024)

Jack Chambers: The Irish Fiscal Advisory Council ("the Council") was first set up on a non-statutory basis as part of the reform of Ireland’s budgetary architecture in 2011. It was established in law the following year, with the enactment of the Fiscal Responsibility Act 2012. The Irish Fiscal Advisory Council ("the Council") is an independent statutory body. The Council makes a valuable...

Written Answers — Department of Finance: Tax Data (26 Sep 2024)

Jack Chambers: I am advised by Revenue that the number of taxpayer units broken down by income range can be found in Revenue’s ‘Income Tax Distributions Interactive tables’ publication, available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis tics/income-distributions/stats/Income-Tax-breakdown-by-Gros s-Income.aspx . The statistics run from 2004...

Written Answers — Department of Finance: Tax Code (25 Sep 2024)

Jack Chambers: The Standard Fund Threshold (SFT) is the maximum allowable pension fund on retirement for tax purposes which was introduced in Budget and Finance Act 2006 to prevent over-funding of pensions through tax-relieved arrangements. I am informed by Revenue that they are unable provide a costing for changes to the SFT. Information on the numbers and values of individual pension funds or on...

Written Answers — Department of Finance: Regeneration Projects (25 Sep 2024)

Jack Chambers: The Living City Initiative (LCI) is a modest, targeted measure which is aimed at very specific areas in urgent need of regeneration, it is provided for under sections 372AAA to 372AAD of the Taxes Consolidation Act 1997. It offers income or corporation tax relief for qualifying expenditure incurred in the refurbishment and conversion of qualifying residential and commercial buildings located...

Written Answers — Department of Finance: Primary Medical Certificates (25 Sep 2024)

Jack Chambers: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as...

Written Answers — Department of Finance: Legislative Measures (25 Sep 2024)

Jack Chambers: The Bill has not yet gone to Government to get agreement for drafting and is still under consideration. it is hoped to progress the Bill during the next Dáil term and to refer it for pre-legislative scrutiny in the coming weeks.

Written Answers — Department of Finance: Tax Reliefs (24 Sep 2024)

Jack Chambers: I propose to take Questions Nos. 113 and 118 together. Council Directive 92/83/EEC (as amended) and Council Directive 92/84/EEC set out the EU rules for the harmonisation of excise duty structures and rates for alcohol and alcoholic beverages. These rules provide uniform definitions for excise product categories, lay down the tax base and structures applicable to the various alcohol...

Written Answers — Department of Finance: Tax Code (24 Sep 2024)

Jack Chambers: The age exemption applies for any year of assessment where an individual is aged 65 years or over and his or her total income does not exceed €18,000 per annum. Where an individual is a married person or civil partner and is jointly assessed to tax, the age exemption will apply where either individual is aged 65 or over and where the couple’s total income does not exceed...