Results 7,521-7,540 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Sep 2021)

Paschal Donohoe: As the Deputy will be aware, I have previously responded to a question from him in relation to this matter on 9 September. A detailed reply was issued in that instance (Dail Question No. 217 - Reference 42979/21) and there have been no substantive developments or adjustments to the previous answer in the interim period. The Covid Restrictions Support Scheme (CRSS), which is provided by...

Written Answers — Department of Finance: Primary Medical Certificates (28 Sep 2021)

Paschal Donohoe: To qualify for a Primary Medical Certificate an applicant must be permanently and severely disabled, and satisfy at least one of the following medical criteria, in order to obtain a Primary Medical Certificate: - be wholly or almost wholly without the use of both legs; - be wholly without the use of one leg and almost wholly without the use of the other leg such that the applicant is...

Written Answers — Department of Finance: Tax Clearance Certificates (28 Sep 2021)

Paschal Donohoe: Department of Social Protection (DSP) payments are generally classified as income and as such are liable to income tax but not Universal Social Charge (USC) and PRSI. This includes Jobseekers Benefit and any weekly payments for adult dependants. The way in which tax is collected from DSP payments is dependent on whether a person is taxed through the PAYE system or through...

Written Answers — Department of Finance: Tax Code (28 Sep 2021)

Paschal Donohoe: I would like to thank the Deputy for raising this important issue. On 1 July 2021, the OECD Inclusive Framework reached agreement but not unanimous consensus on key aspects of the two-pillar solution to address tax challenges arising from digitalisation and globalisation. I have been clear in expressing my broad support for the agreement but have expressed reservation, in particular,...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Sep 2021)

Paschal Donohoe: I am aware of concerns that have been raised regarding the pace of recovery for the hospitality and tourism sector. As an economy wide support, the Employment Wage Subsidy Scheme has the objective of supporting all employment and maintaining the link between the employer and employee insofar as is possible. The EWSS is open to all businesses, provided the business meets the requisite...

Written Answers — Department of Finance: Tax Code (28 Sep 2021)

Paschal Donohoe: 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 the subject of Budget decisions.

Written Answers — Department of Finance: Tax Yield (28 Sep 2021)

Paschal Donohoe: Discretionary Trust Tax (DTT) is payable by trustees or by an agent acting for trustees. An initial once-off 6% charge applies to the value of all the assets in a trust. An annual 1% charge applies on 31 December each year to the value of all the assets in the trust on that date. The yield from DTT (in €m) for the years 2016 to 2020 is provided in the table below. 2016 ...

Written Answers — Department of Finance: Customs and Excise (28 Sep 2021)

Paschal Donohoe: My colleagues in Revenue inform me that while the rates of Customs Duty are standard and are set at EU level, the administration fees charged by carrier / delivery companies are a matter for the individual companies and for the consumers who use these companies. The fees vary but so does the service offered by the various companies. Queries about these charges should be directed to the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Sep 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020. The scheme operated from 26 March 2020 to 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. The TWSS was introduced as an emergency measure, providing vital financial support to employers and employees...

Written Answers — Department of Finance: Departmental Expenditure (28 Sep 2021)

Paschal Donohoe: I refer to information previously supplied in relation to attendance at courses provided by a specific training provider. Attendance at these training courses by four staff in my Department over the period 2015-2017 was funded as "ad hoc" training, whereby individuals discussed an interest completing the training course with their managers and the Human Resources Unit. As it was a specific...

Written Answers — Department of Finance: Tax Data (28 Sep 2021)

Paschal Donohoe: I am advised by Revenue that the cost of tax relief on pension contributions for the years 2004 to 2018 (the latest year currently available) are available on the Revenue website at www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/costs-tax-expenditures.pdf For 2018, the published items in relation to pension contribution relief are: - ‘Employees’...

Written Answers — Department of Finance: Tax Yield (28 Sep 2021)

Paschal Donohoe: As the Deputy is aware, loss relief for corporation tax is a long-standing feature of the Irish corporate tax system and a standard feature of corporation tax systems in most OECD countries. It recognises the fact that a business cycle runs over several years and that it would be unfair to tax income earned in one year and not allow relief for losses incurred in another. Loss relief works by...

Written Answers — Department of Finance: Banking Sector (28 Sep 2021)

Paschal Donohoe: Under EU law, credit institutions in EEA Member States only need to seek authorisation to provide services in one member state which is referred to as the Home Country Supervisor (in Ireland, the Central Bank). Authorisations are then valid for the entire EU, under the principle of single authorisation. Passporting of services and activities is made possible as the standard of regulation and...

Written Answers — Department of Finance: Tax Rebates (28 Sep 2021)

Paschal Donohoe: I am advised by Revenue that the Drivers and Passengers with Disabilities (DPD) scheme provides for the repayment or remission of VAT and Vehicle Registration Tax (VRT) on the purchase of an adapted vehicle for the transport of a person with specific severe and permanent physical disabilities. Qualification for the scheme also provides access to the Fuel Grant scheme and for a waiver of motor...

Written Answers — Department of Finance: Departmental Funding (28 Sep 2021)

Paschal Donohoe: I can advise the Deputy that the Department of Finance has no record of any funding being provided for the event in question. I wish to note that my response refers only to Department of Finance records and I cannot comment on behalf of other Government Departments.

Written Answers — Department of Finance: Tax Reliefs (28 Sep 2021)

Paschal Donohoe: Finance Act 2012 introduced section 825C to the Taxes Consolidation Act, 1997. This section, as amended, provides Income Tax relief for certain individuals assigned during any of the tax years 2012 to 2022 to work in the State. The relief is commonly known as SARP (Special Assignee Relief Programme). The aim of the relief is to reduce the cost to employers of assigning skilled individuals...

Written Answers — Department of Finance: Tax Code (28 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 295 and 296 together. Section 97 Taxes Consolidation Act 1997 (TCA) sets out the deductions allowable in computing rental income chargeable to income tax or corporation tax under Case V of Schedule D. Income chargeable under Case V is computed on the gross amount of rent receivable less allowable expenses incurred in earning that rent, as specified in...

Written Answers — Department of Finance: Tax Data (28 Sep 2021)

Paschal Donohoe: I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods or services on their VAT returns. However, a tentative estimate (using a combination of data sources) of the cost of a 4.5% reduction on the VAT collected on domestic energy supplies is as follows. Fuel Type Cost (€m) Solid...

Written Answers — Department of Finance: Tax Code (28 Sep 2021)

Paschal Donohoe: I have stated on a number of occasions that the primary objective of any vacant residential property tax would be to increase the supply of homes for rent or purchase to meet demand rather than increasing tax revenues. However, before introducing such a tax it is of course vital to have a sound understanding of the quantity, locations and characteristics of long term vacant properties, and...

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: I thank the committee for the opportunity to participate in the meeting this afternoon. I will make a short opening statement and I look forward to the questions from members of the committee. Looking at where we are now, this week marked a critical moment in our public and economic health, with many people returning to their workplaces for the first time in a year and a half. In about a...