Results 7,421-7,440 of 32,527 for speaker:Paschal Donohoe

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

Paschal Donohoe: Revenue has confirmed that the timelines around reopening offices and facilitating public access is kept under continuous review and will be considered further in line with the dates announced by Government for the easing of restrictions. In considering the most appropriate time to reopen offices, Revenue will continue to focus on customer and staff safety as its highest priority and, as was...

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

Paschal Donohoe: The 2012 report of the Interdepartmental Group on the Design of a Property Tax considered the issue of introducing an exemption or waiver for property owners below a certain income threshold. Having considered the possible inequities and administrative challenges of such an exemption or waiver structure the group recommended instead a deferral scheme that would assist property owners in a...

Written Answers — Department of Finance: National Development Plan (12 Oct 2021)

Paschal Donohoe: The Department of Finance (Vote 7) has a capital allocation of €1m per annum under the revised National Development plan 2021-2023. This budget is allocated to fund expenditure on IT hardware, systems development and for maintenance and building works on the Departmental offices. Due to the nature of the expenditure expected no preliminary work has taken place. The Office of the...

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

Paschal Donohoe: As the Deputy is aware, the Financial Institutions ("Bank") Levy was introduced for the three-year period 2014 to 2016 with the purpose of enabling the banking sector to contribute to economic recovery. In the Finance Act 2016 the Levy was extended until 2021. That extension had been subject to a review being undertaken of the methodology used to calculate the levy, which included a public...

Written Answers — Department of Finance: Real Estate Investment Trusts (12 Oct 2021)

Paschal Donohoe: I am advised by Revenue that due to the small number (less than 10) of Real Estate Investment Trusts (REITs) that operate in Ireland and Revenue’s obligation to maintain the confidentiality of taxpayer information, specific quantitative information in relation to these entities cannot be provided. However I would note that REITs are required to be publicly listed companies and...

Written Answers — Department of Finance: Departmental Data (12 Oct 2021)

Paschal Donohoe: I am advised by Revenue that the table below provides the number of property purchases and properties purchased, where greater than ten properties were included in a single transaction in each of the years from 2015 to 2020. The data are based on Stamp Duty returns where multiple purchases were filed on a single instrument. The returns do not indicate whether the intended use of the...

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

Paschal Donohoe: The level of data requested is not available on Automatic Teller Machines (ATMs) operating in Ireland. I am informed by the Central Bank of Ireland that the total number of ATMs in Ireland has remained relatively stable over the past 12 months, however, there has been a shift in ownership with bank ownership falling significantly since 2016. The Banking and Payments Federation of Ireland...

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

Paschal Donohoe: In response to the Deputies’ question I am informed by the Tax Appeals Commission that the estimated full year cost of recruiting four additional Case Managers at Assistant Principal Officer level is €278,808 (excluding Employer’s PRSI) or €309,616 (including Employer’s PRSI). Section 20 of the Finance (Tax Appeals) Act 2015, as amended, provides that...

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

Paschal Donohoe: As the Deputy will 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 defects in housing, to evaluate the scale of housing affected, to propose a...

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

Paschal Donohoe: The Debt Warehousing Scheme remains available to support businesses that are experiencing tax payment difficulties arising from the COVID-19 pandemic. The scheme applies to VAT debts, PAYE (Employer) debts, certain self-assessed income tax amounts and overpayments of both the Temporary Wage Subsidy Scheme (TWSS) and the Employment Wage Subsidy Scheme (EWSS). To qualify for debt warehousing, a...

Written Answers — Department of Finance: Housing Schemes (12 Oct 2021)

Paschal Donohoe: Help-to-Buy (HTB) 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 of Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act 1997 outlines the definitions and conditions...

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

Paschal Donohoe: Mineral Oil Tax (MOT) applies to minerals oils used for motor or heating purposes in the State. The rate of MOT is comprised of a carbon and non-carbon component. I am advised by Revenue that Section 98 of Finance Act 1999 provides for a partial relief for MOT for heavy oil and liquefied petroleum gas (LPG) used in horticultural production and the cultivation of mushrooms. Heavy oil refers...

Written Answers — Department of Finance: Fuel Quality (12 Oct 2021)

Paschal Donohoe: Revenue’s role in relation to the supply of taxable solid fuels in the State lies in the collection of Solid Fuel Carbon Tax (SFCT). SFCT is collected by Revenue on a self-assessment basis and liability to the tax arises on the first supply of solid fuel in the State. The rates of SFCT are set out in Finance Act 2010 and the Deputy will be aware that I brought forward amendments in...

Written Answers — Department of Finance: Departmental Meetings (12 Oct 2021)

Paschal Donohoe: The Immigrant Investor Programme (IIP) is not under the remit of the Minister for Finance and is a matter for the Department of Justice. I am advised that there has not been any direct engagement between the Department of Finance and Revenue on this matter. I am further advised that there is on-going engagement at official level between Revenue and Department of Justice officials in...

Written Answers — Department of Finance: Departmental Data (12 Oct 2021)

Paschal Donohoe: Information on State Board membership, by Department and including gender breakdown, is available on the State Boards website www.StateBoards.ie. The position in relation to the State Boards under the aegis of my Department is in the table below. I would point out that, having concluded its restructuring work in 2017, the Credit Union Restructuring Board (ReBo) was operationally wound down...

Written Answers — Department of Finance: Court Judgments (12 Oct 2021)

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,...

Written Answers — Department of Finance: Departmental Correspondence (12 Oct 2021)

Paschal Donohoe: Budget 2021 saw motor tax reform introduced in the context of the transition to the new vehicle emissions test procedure, the Worldwide Harmonized Light Vehicles Test Procedure (WLTP), and in light of Government commitments to reduce road transport emissions. Cars in the existing CO2fleet continue to be taxed on the same banding structure that has been in effect since 1 January 2013, while...

Written Answers — Department of Finance: Departmental Data (12 Oct 2021)

Paschal Donohoe: I am advised by Revenue that the estimated additional yield arising from a €7.50 increase in the rate of carbon tax will yield an additional €109 million in 2022 and €148 million in a full year. 2022 is not a full year in terms of revenue yield due to the delayed commencement on home heating fuels. With regard to cumulative carbon tax receipts over the period 2024...

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

Paschal Donohoe: Officials in my Department referred the Deputy's question to the banks in which the State has a shareholding and received the following response in this regard: AIB The retail banking environment has dramatically changed in the last number of years with customers favouring online banking and digital payment methods over the use of cash and visits to branches. AIB have seen daily branch visits...

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

Paschal Donohoe: Officials in my Department referred the Deputy's question to the banks in which the State has a shareholding and received the following response in this regard: AIB The retail banking environment has dramatically changed in the last number of years with customers favouring online banking and digital payment methods over the use of cash and visits to branches. AIB have seen daily branch visits...