Results 7,681-7,700 of 33,175 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I am sure they are. Dealing with the rationale for what we are doing, the committee may recall hat last year I brought forward some amendments to transfer pricing and these garnered quite a reaction. It became evident that legitimate business activities that many Irish companies are involved in were going to get caught up in the sweep of changes that we were looking to make and that was not...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Sure. In my own efforts to understand this issue - it does require some effort because this is far from clear - I spent a significant amount of time with my officials seeking to understand it. What we have done for the benefit of the committee is that we have prepared a couple of real life examples so that members can fully understand it. I can circulate these to the committee so that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: If they thought the issue of loyalty between you and your mum was complicated, wait until they consider this. An example is where transactions are structured in such a way that there is a benefit to be gained by mismatching the two different corporate tax rates we have. I am conscious that might not make it an awful lot clearer, but a few moments reading this note - members may do so now or...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: When we are debating the role of REITs and IREFs, it is important to embed the debate within the overall Government policy with regard to housing, which is one of investment and planning for all forms of housing. As for where we are at the moment, we have invested €4 billion in the Housing for All plan for next year. That €4 billion fund and investment will be used to build a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: In advance of this measure coming to an end next year, we would conduct a full review. We are going to do it and we will ensure that any ideas that the Deputy brings forward, which I think he has already done-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: We will not deal with this in three minutes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: No problem. We can circulate them to the committee and maybe find a way of returning to the issue tomorrow. Obviously, we will be able to return to it on Report Stage. To give an example of the kind of things that could be in play here, it could be where a leasing agreement inside a company is structured in such a way that it is allowed to benefit from the mismatch between the 12.5%...

Written Answers — Department of Finance: Insurance Coverage (11 Nov 2021)

Paschal Donohoe: At the outset, it is important to note that neither I nor the Central Bank of Ireland have any influence over the pricing or provision of insurance products, as this is a purely commercial matter. This position is reinforced by the EU legislative framework for insurance (the Solvency IIDirective). Having said that, the Government is acutely aware of the concerns felt by many sectors,...

Written Answers — Department of Finance: Tax Exemptions (11 Nov 2021)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within Annex III of the Directive, in respect of which Member States may apply either one or two reduced rates of VAT. The supply of driving lessons...

Written Answers — Department of Finance: Departmental Expenditure (11 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 240 and 241 together. Action 18.8 of the Housing for All Plan, which was published in September, states that the Department of Finance will lead communication and engagement with institutional investors, including tradeshow events, to communicate policies and encourage sustainable investment in residential accommodation. Before the pandemic, in 2019...

Supplementary Estimates for Public Services 2021: Leave to Introduce (10 Nov 2021)

Paschal Donohoe: I move: That leave be given by the Dáil to introduce the following Supplementary Estimates for the service of the year ending on the 31st day of December, 2021: Vote 12 — Superannuation and Retired Allowances (Supplementary Estimate). Vote 17 — Public Appointments Service (Supplementary Estimate). Vote 32 — Enterprise, Trade and Employment (Supplementary Estimate)."

Estimates for Public Services 2021: Referral to Select Committee (10 Nov 2021)

Paschal Donohoe: I move: That, subject to leave being given to introduce the following Supplementary Estimates for the service of the year ending on 31st December, 2021, the Supplementary Estimates be referred to the following Select Committees, as appropriate, pursuant to Standing Orders 95(3)(b) and 215(3), which shall report back to the Dáil by no later than 16th December, 2021:— Vote 12...

Finance Bill 2021: Financial Resolutions (10 Nov 2021)

Paschal Donohoe: I move the following Resolutions: THAT Chapters 1, 2 and 2A of Part 30 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which relate to occupational pension schemes, retirement annuities and personal retirement savings accounts, be amended in the manner and to the extent specified in the Act giving effect to this Resolution, to provide for the removal of the Approved Minimum Retirement...

Written Answers — Department of Finance: Tax Collection (10 Nov 2021)

Paschal Donohoe: Revenue has already extended the return filing date for self-assessed taxpayers to 17 November (from 31 October) and has extended the Local Property Tax (LPT) filing date to 5pm on 10 November (from 7 November). Revenue has advised me that while no further extensions to the self-assessed deadline are envisaged at this time, the situation is being kept under review. Under the...

Written Answers — Department of Finance: Departmental Advertising (10 Nov 2021)

Paschal Donohoe: The information requested by the Deputy in relation to the amount spent by my Department on advertising from 2011 to date in 2021 is set out in the following table. Year Description Amount 2011 Appointments of Board of Directors of Banks in Irish Times, Independent and Examiner €4,880.38 Notices re:...

Written Answers — Department of Finance: National Treasury Management Agency (10 Nov 2021)

Paschal Donohoe: I am advised by the National Treasury Management Agency (NTMA) that the details of negative interest charges published in their Annual Report 2020 relate to negative interest charges incurred in respect of accounts held at the Central Bank of Ireland for the purpose of the performance by the NTMA of certain of its statutory functions. In respect of the National Debt, details of negative...

Written Answers — Department of Finance: Banking Sector (10 Nov 2021)

Paschal Donohoe: Bank of Ireland has provided officials in my Department with the following update in relation to the Deputy's question: “In the context of recent changes to the branch network, the Bank committed to ensuring that no town would be left without access to an ATM. In early 2021, the Bank identified four locations where it was closing a branch where there was no alternative...

Written Answers — Department of Finance: Primary Medical Certificates (10 Nov 2021)

Paschal Donohoe: 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. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain organisations. In order to qualify for relief the applicant must hold a...

Written Answers — Department of Finance: Tax Yield (10 Nov 2021)

Paschal Donohoe: The additional carbon tax revenue yield estimate of €9.5 billion was based on an increase in the rate of the carbon tax to €100 per tonne by 2030 above the €20 per tonne rate that existed until 2019. The table provided at the following link therefore sets out the projected additional revenue raised in each year through increases in the carbon tax rate from...