Results 7,401-7,420 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Vehicle Registration Tax (13 Oct 2021)

Paschal Donohoe: As noted in my response to the Deputy on 9thSeptember in PQ 42112/21, the Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. Details of these reliefs and the grant in respect of fuel usage are available on the Revenue website. The relief from Value...

Written Answers — Department of Finance: Tax Reliefs (13 Oct 2021)

Paschal Donohoe: The research and development (R&D) tax credit allows a company to claim a 25% tax credit in respect of expenditure incurred on qualifying R&D activities. In making a claim for the R&D tax credit, companies must satisfy two tests: the activity must be a qualifying activity (a science test) and the amount of the claim must be based on R&D expenditure incurred (an...

Written Answers — Department of Finance: Departmental Data (13 Oct 2021)

Paschal Donohoe: The Deputy will be aware that I have consistently indicated that there would likely be a significant cost to the Exchequer arising from an agreement reached at the G20/OECD Inclusive Framework on BEPS. Firstly, it should be stressed that there are two pillars to this agreement. Pillar One will see a reallocation of a proportion of profits to the jurisdiction of the consumer. This means...

Written Answers — Department of Finance: Illicit Trade (13 Oct 2021)

Paschal Donohoe: I propose to take Questions Nos. 113 and 114 together. I am aware that Revenue uses a range of measures to identify and target the smuggling, supply or sale of illicit tobacco products, with a view to disrupting the supply chain, seizing the products and where possible, prosecuting those involved. Revenue’s strategy involves developing and sharing intelligence on a national, EU and...

Written Answers — Department of Finance: Tax Collection (13 Oct 2021)

Paschal Donohoe: Revenue has issued over 1.4 million notices to property owners in recent weeks, setting out what is required to meet Local Property Tax (LPT) obligations for the new ‘valuation period’ (2022 to 2025). This includes approximately 200,000 hard-copy LPT returns to property owners who have not previously availed of the online options. Revenue is also operating an LPT Helpline...

Financial Resolutions 2021 - Budget Statement 2022 (12 Oct 2021)

Paschal Donohoe: For those worried about whether they can own a home or afford their rent, this budget will support you.

Financial Resolutions 2021 - Budget Statement 2022 (12 Oct 2021)

Paschal Donohoe: For businesses looking to the future, this budget will back you. That future, for individuals, for families and for businesses, is based on secure public finances. We make further progress to that goal in this budget. Over the past year and a half we made the right choices at the right times. Let us now do that again. I am an optimist by nature. I believe that as we move out from under the...

Financial Resolutions 2021 - Budget Statement 2022 (12 Oct 2021)

Paschal Donohoe: -----although it is not the only one and will not deliver the required emissions reductions on its own.

Financial Resolutions 2021 - Budget Statement 2022 (12 Oct 2021)

Paschal Donohoe: We have seen challenges around energy supply and prices. The Government is conscious of how this will impact on our most vulnerable. That is why new moneys raised in this change will be invested in targeted social welfare initiatives to prevent fuel poverty and ensure a just transition.

Financial Resolutions 2021 - Budget Statement 2022 (12 Oct 2021)

Paschal Donohoe: It is why the additional revenue from carbon tax will be used to invest in a socially progressive national retrofitting programme. The 2019 climate action plan recommended the development of "an enabling framework for micro-generation which tackles existing barriers and establishes suitable supports within relevant market segments". To that end, I am proposing a modest tax disregard in...

Financial Resolutions 2021 - Budget Statement 2022 (12 Oct 2021)

Paschal Donohoe: INTRODUCTION A Cheann Comhairle, the last time I announced a budget in this Chamber, two years ago, none of us could have foreseen that the worst global pandemic in a century awaited. We knew well about the risks associated with Brexit and had prepared for it; we could not have predicted the devastation Covid-19 would leave in its wake. Both events have demonstrated the need for us to...

Written Answers — Department of Finance: Sports Funding (12 Oct 2021)

Paschal Donohoe: The purpose of the Stay and Spend tax credit was to provide targeted support to businesses within the hospitality sector whose operations were likely to be most affected by restrictions. It provided relief direct to the consumer rather than the business. The Stay and Spend tax credit was a demand led tax measure rather than a voted direct expenditure instrument. As the Deputy will...

Written Answers — Department of Finance: Regulatory Bodies (12 Oct 2021)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. Under our legislation professional medical care services recognised as such by the Department of Health and Children are exempt from VAT. Professional medical care services recognised by the Department of Health and Children are generally those...

Written Answers — Department of Finance: Regulatory Bodies (12 Oct 2021)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. Under our legislation professional medical care services recognised as such by the Department of Health and Children are exempt from VAT. Professional medical care services recognised by the Department of Health and Children are generally those...

Written Answers — Department of Finance: Tax Reliefs (12 Oct 2021)

Paschal Donohoe: The position remains as outlined on 20 September 2021 to Deputy Cormac Devlin. Section 469 of the Taxes Consolidation Act 1997 provides for tax relief in respect of qualifying health expenses. Section 469 defines "health expenses" as "expenses in respect of the provision of health care including the services of a practitioner". A practitioner is defined in the section as "any person who is:...

Written Answers — Department of Finance: Revenue Commissioners (12 Oct 2021)

Paschal Donohoe: I can confirm that I have received from the Revenue Commissioners a copy of their Annual Report on the Special Assignee Relief Programme (SARP) for 2019. The document will be published today, Budget Day, within the Tax Expenditures Report which forms part of the Budget documentation. I can also confirm that I did not request any delay in relation to publication of the SARP Annual Report.

Written Answers — Department of Finance: Banking Sector (12 Oct 2021)

Paschal Donohoe: I propose to take Questions Nos. 105, 106 and 108 together. Statements made by the Bank of Ireland CEO, or any other official of the bank, in relation to challenges facing the banking sector is a matter entirely for those individuals. This includes remuneration restrictions. The same applies to statements made by officials of other banks and of the banking sector representative body, the...

Written Answers — Department of Finance: Banking Sector (12 Oct 2021)

Paschal Donohoe: On the 23rdJune, I announced my intention to sell part of the State’s 13.9% shareholding in Bank of Ireland by way of a trading plan. At the same time, I confirmed that I was limited in the amount of detail I could disclose in relation to the plan as it would be detrimental to maximising value for the taxpayer. This position has not changed in the meantime and, accordingly, details...

Written Answers — Department of Finance: Insurance Industry (12 Oct 2021)

Paschal Donohoe: I am aware that the affordability and availability of public liability insurance are issues of concern for many businesses, particularly those involved in tourism, such as the company referred to. As the Deputy will be aware, neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, nor do we have the power to direct insurance companies to...

Written Answers — Department of Finance: Tax Collection (12 Oct 2021)

Paschal Donohoe: I am advised by Revenue that over 1.4 million notices have issued to property owners in recent weeks, setting out what is required to meet Local Property Tax (LPT) obligations for the new ‘valuation period’ (2022 to 2025). This includes approximately 200,000 paper LPT Returns to property owners who have not previously availed of the online options. Property owners who have...