Results 7,881-7,900 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (27 Jul 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. Details of these reliefs and the grant in respect of fuel usage are available on the Revenue website. The relief from Value Added Tax and Vehicle Registration Tax are generous in nature...

Written Answers — Department of Finance: Departmental Bodies (27 Jul 2021)

Paschal Donohoe: The Code of Practice for the Governance of State Bodies 2016applies directly to a number of bodies under the aegis of my Department. These are the Credit Union Restructuring Board, the Financial Services and Pensions Ombudsman, Home Building Finance Ireland, the Irish Fiscal Advisory Council, the National Asset Management Agency, the National Treasury Management Agency and the Strategic...

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

Paschal Donohoe: 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: Fuel Inspections (27 Jul 2021)

Paschal Donohoe: I am advised by Revenue that a multifaceted approach is taken to tackling the misuse of fuel. Revenue’s compliance activities in this area include roadside sampling of private and commercial vehicles at checkpoints combined with a risk-based, targeted sampling programme based on supply chain reporting obligations for suppliers and retailers. These activities leverage the benefits of...

Written Answers — Department of Finance: Credit Unions (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 382 to 384, inclusive, together. There are a number of commitments set out in the Programme for Government in relation to the credit union sector that the Government is progressing. The Review of the Policy Framework is now at an advanced stage. Since September 2020, the Department has held extensive engagement with credit union representative bodies to seek...

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

Paschal Donohoe: I propose to take Questions Nos. 385, 393 and 407 together. The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with obtaining the deposit they need to buy or build a new house or apartment. The scheme gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation....

Written Answers — Department of Finance: Revenue Commissioners (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 386 to 389, inclusive, together. Subject to certain conditions, limitations and restrictions, a vehicle which is validly registered abroad may be granted temporary exemption from the requirement to be registered in the State. Details of the conditions, limitations and restrictions can be found in Section 2 of the Vehicle Registration Tax Manual. I understand...

Written Answers — Department of Finance: Revenue Commissioners (27 Jul 2021)

Paschal Donohoe: I am advised by Revenue that the initial cost of each additional detection dog team is approximately €100,000 (€500,000 for 5 teams). This includes the cost of a trained detection dog, salary of the handler, 8 weeks training for the handler with the dog, a fully fitted out dog transport van, a kennel and associated security at the handler’s home. The ongoing annual cost...

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

Paschal Donohoe: Consanguinity relief is the relief that applies in relation to transfers of farmland between certain blood relatives whereby the applicable rate of stamp duty is reduced from 7.5% to1%. The details and conditions of the relief are set out in Schedule 1(5) of the Stamp Duties Consolidation Act 1999. The relief was extended in Budget 2021 until the end of 2023 . The relevant relationships for...

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

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the introduction of the Employment Wage Subsidy Scheme (EWSS) from September 2020. The EWSS is an economy-wide enterprise support for eligible businesses in respect of eligible employees. The Finance (Covid-19 and Miscellaneous Provisions) Act 2021, which was signed into law on 19 July 2021,...

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

Paschal Donohoe: Budget 2021 provided for a reduction in the rate of VAT from 13.5% to 9% for Hospitality and Tourism related services and goods. This was a temporary measure to provide support for 14 months from 1 November 2020 to the end 2021. The measure is being extended to 31 August 2022 in recognition of the continuing challenges facing the Hospitality and Tourism sector. While temporary, this...

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

Paschal Donohoe: As previously indicated to the Deputy, there are a number of existing reliefs that are available to property owners selling their home, and to first-time buyers such as the Help to Buy scheme and certain reliefs under the Capital Tax area which I outlined in my previous response. I am very conscious of the need to bring more properties onto the market and to give first time buyers a more...

Written Answers — Department of Finance: International Agreements (27 Jul 2021)

Paschal Donohoe: The Competent Authority Agreement (CAA) under the Ireland-Malta Double Taxation Convention 2008 records that the Irish and Maltese competent authorities for the purpose of that Convention have agreed that, in relation to the tax avoidance structure outlined in the CAA, the Double Taxation Convention’s deeming of a company – incorporated in Ireland but managed in Malta –...

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

Paschal Donohoe: The Covid Restrictions Support Scheme (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. The support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from which are chargeable...

Written Answers — Department of Finance: Departmental Funding (27 Jul 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of any funding being allocated to projects or initiatives in County Tipperary in the past 12 months. 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: Illicit Trade (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 399 and 400 together. I am advised 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...

Written Answers — Department of Finance: Departmental Funding (27 Jul 2021)

Paschal Donohoe: I can inform the Deputy that the Annual Estimate for the Supply Services for each Department sets out the cost of each Departmental function – for which the Dáil is asked to appropriate money by way of a separate Vote – and outlines the set of outputs to be delivered within those functions. The Budget Estimate Volume (October) sets out a formal description of the services...

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

Paschal Donohoe: You may be aware that on 1 July 2021, the OECD Inclusive Framework reached agreement, but not consensus,on key aspects of the two-pillar solution to address tax challenges arising from digitalisation and globalisation. Pillar One proposes a re-allocation of a proportion of tax to the market jurisdiction, while Pillar Two seeks to apply a global minimum effective tax rate. Ireland is...

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

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT legislation with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States may apply a...

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

Paschal Donohoe: The standard international measure of economic activity is Gross Domestic Product (hereafter ‘GDP’), which measures the total value of goods and services produced in an economy during a particular period. When the European Council reached agreement on the Multi-annual Financial Framework 2021-2027 and Next Generation EU Recovery Instrument, last July, the Government...