Results 7,821-7,840 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Industry (27 Jul 2021)

Paschal Donohoe: I am very conscious of the difficulties facing some sectors, including those such as the forestry sector, with regard to the affordability and availability of insurance cover. It should be noted at the outset that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a...

Written Answers — Department of Finance: Tax Yield (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 305 and 306 together. Revenue publishes detailed statistics on Local Property Tax (LPT), through quarterly and end of year updates on its website at: Among other information, these statistics include the amount of LPT collected by each Local Authority in each year since 2013 and for the first two quarters of 2021.

Written Answers — Department of Finance: Tax Code (27 Jul 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 cost of the scheme in 2020, excluding motor tax, was €67m. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to...

Written Answers — Department of Finance: Summer Economic Statement (27 Jul 2021)

Paschal Donohoe: Budget 2021 introduced a reduction in the rate of VAT for the hospitality and tourism sector from 13.5 per cent to 9 per cent. This measure was, initially, to provide support from November 2020 to end-2021. In recognition of the continuing challenges facing the sector as a result of the pandemic and the necessary public health restrictions, the Government announced in theEconomic Recovery...

Written Answers — Department of Finance: Summer Economic Statement (27 Jul 2021)

Paschal Donohoe: I refer the Deputy to table 4 of the Summer Economic Statement 2021 (SES) which provides a breakdown of temporary versus permanent voted expenditure. The expenditure rule outlined in the SES – which fixes the growth rate of expenditure at trend growth until the mid-part of the decade – refers only to permanent voted expenditure. The Covid-related measures as outlined in table 2...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (27 Jul 2021)

Paschal Donohoe: The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. Details of CRSS are set out in Finance Act 2020 and detailed operational guidelines, which are based on the terms and conditions of the scheme as set out in the legislation, have been published on the...

Written Answers — Department of Finance: Insurance Industry (27 Jul 2021)

Paschal Donohoe: At the outset, it is important to note that neither the Minister for Finance, nor the Central Bank of Ireland, has any influence over the pricing or provision of insurance products, as this is a commercial matter assessed on a case-by-case basis. This position is reinforced by the EU legislative framework for insurance (the Solvency IIDirective). Furthermore, I cannot comment on individual...

Written Answers — Department of Finance: Tax Reliefs (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 312, 454, 611 and 643 together. An Independent Working Group to examine the issue of defective housing has been established and will publish a report on their findings. 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...

Written Answers — Department of Finance: Primary Medical Certificates (27 Jul 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 cost of the scheme in 2020, excluding motor tax, was €67m. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also...

Written Answers — Department of Finance: Tax Appeals Commission (27 Jul 2021)

Paschal Donohoe: It is assumed that the Deputy is referring to the proposal by the Chairperson of the Tax Appeals Commission (TAC) for a new tiered structure of Appeal Commissioners. It has become clear since the establishment of the TAC that there is a significant range in both the value and complexity of the appeals received by the TAC and, in March of this year, the TAC Chairperson submitted a...

Written Answers — Department of Finance: Tax Code (27 Jul 2021)

Paschal Donohoe: I am advised by Revenue that, for the purposes of Capital Acquisitions Tax (“CAT”), the relationship between the person who provides a gift or inheritance (the disponer) and the person who receives it (the beneficiary) determines the lifetime tax-free threshold (“Group Threshold”) below which CAT does not arise. There are three separate Group thresholds based on...

Written Answers — Department of Finance: Insurance Industry (27 Jul 2021)

Paschal Donohoe: As the Deputy will be aware, neither I, nor the Central Bank, have any influence over the pricing of insurance products, nor can we compel any insurer operating in the Irish market to provide refunds to their customers, as this is a commercial matter. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which expressly prohibits Member States...

Written Answers — Department of Finance: Tax Code (27 Jul 2021)

Paschal Donohoe: I am advised by Revenue that, for the purposes of Capital Acquisitions Tax (“CAT”), the relationship between the person who provides a gift or inheritance (“the disponer”) and the person who receives the gift or inheritance determines the lifetime tax-free threshold (“Group Threshold”) below which CAT does not arise. Any prior gift or inheritance...

Written Answers — Department of Finance: Tax Reliefs (27 Jul 2021)

Paschal Donohoe: I am advised by Revenue that the cost of relief of pension contributions for the years 2014-2018 (the latest year available) can be found in the ‘Cost of Tax Expenditures’publication, which is available on the Revenue website at link: www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/costs-tax-expenditures.pdf. For the convenience of the Deputy, the following...

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 319, 362 and 363 together. Regarding Question No. 319 the yield from Stamp Duty on credit cards is published on the Revenue website at link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/receipts/receipts-stamp-duty.aspx. The cost of the abolition can be assumed to be in the region of the yield for the latest year. Regarding Questions...

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 320, 321 and 445 together. I am advised by Revenue that the estimated costs of the Rent a Room relief, the Employment and Investment Incentive (EII), the Special Assignee Relief Programme (SARP) and the Foreign Earnings Deduction (FED) in relation to 2018 (the latest year for which data are available) can be found in the ‘Cost of Tax Expenditures...

Written Answers — Department of Finance: Tax Reliefs (27 Jul 2021)

Paschal Donohoe: I am advised by Revenue that information regarding the purchase and or leasing of electric vehicles by employers, which are subsequently made available to their employees for private usage, along with the mileage used for both business and private usage is not provided on a tax return. In addition, employers are not required to provide a detailed breakdown of each of their employees’...

Written Answers — Department of Finance: Tax Reliefs (27 Jul 2021)

Paschal Donohoe: I can confirm to the Deputy that the Vehicle Registration Tax (VRT) relief provided to conventional hybrids (hybrid and plug-in hybrid vehicles) ended on 31December 2020.

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: I can confirm to the Deputy that the number of Vehicle Registration Tax (VRT) bands that are applied to Category A vehicles was already increased from 11 to 20 in 2021. The original table is presented below. VRT Bands CO2 g/km VRT Rate (Petrol) VRT Rate (Diesel) [Effective 2019] A1 0-80 14% 15% ...

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: The Domicile Levy was introduced in the 2010 Finance Act and is payable on a self-assessment basis on or before 31 October in the year following the valuation date. For example, the due date in respect of 2019 was 31 October 2020. The valuation date is 31 December each year. The table below sets out the number of persons who have filed Domicile Levy returns and the amounts collected for the...