Results 7,921-7,940 of 12,646 for speaker:Willie O'Dea

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: It was done as a revenue raising measure. If one examined the cost of decreasing it, even by a half a percent, it would be €140 million in 2010 and €167 million in a full year.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: Although Fine Gael maintain it does not believe in any taxes-----

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: -----and that every tax should be reduced, it promised a budget to find €2,300 million but only came up with €15 million.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: It has only €2,885 million to go.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: I have read it, my God have I read it.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: I refer to the lower rate of VAT. I understood in parliamentary debate-----

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: -----Members spoke uninterrupted from other side and Members were supposed to be able to reply from this side also without interruption.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: He does not have any interest.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: I refer to the proposed reduction from 13.5% to 10%. It would have cost €880 million. That would have been the revenue lost.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: Some €880 million of a temporary nature for how long? For one year.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: That represents €880 million in one year.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: Some €880 million is the official figure. That is what the Fine Gael amendment would have cost the State.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: Admittedly, as Deputy Varadkar and others have stated, there are some labour intensive activities to which the 13.5% rate applies but there are other activities.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: I have a list of the activities here which are covered in the 13.5% rate. They include laundry services. Would people get more laundry done if the rate were reduced? Other services include hairdressing, electrical repairs, driving instructions, travelling shows, chip shops and fast food outlets.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: I do not believe that is the best way in which to spend State money.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: I refer to the amendment in the name of Deputy Ó Snodaigh. The Deputy is entitled to a reply. The cost of Deputy Ó Snodaigh's amendment in a full year would amount to €1,169 million. That would be the result of a reduction to 17.5%.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: I realise that the UK Chancellor, Alastair Darling, was quoted earlier. He reduced VAT in the UK last year from 17.5% to 15% and he increased it again very quickly this year. There must be a logical explanation for that.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Willie O'Dea: Let us consider the measures in the UK budget announced today and this reduction of a half a per cent in VAT. The net result is the differential between Irish and UK rates of VAT has gone from 6.5% to 3.5% in one go, which is not unreasonable.

Financial Resolution No. 4: Value-Added Tax (9 Dec 2009)

Willie O'Dea: I move: (1) THAT the Value-Added Tax Act 1972 (No. 22 of 1972) be amended (a) in section 1 (i) by inserting the following definition after the definition of "assignment": "'auction scheme' has the meaning assigned to it by section 10B", and (ii) in paragraph (b) of the definition of 'taxable dealer', by substituting "including a means of transport and agricultural machinery" for "other than a...

Written Answers — Departmental Boards: Departmental Boards (9 Dec 2009)

Willie O'Dea: The bodies under the aegis of my Department are the Civil Defence Board, the Army Pensions Board and the Board of Coiste an Asgard. The information in respect of 2009 is as follows: Payable To 2009 Estimates Provision Expenditure to end of November 2009 Civil Defence Board â'¬6,148,000 â'¬5,197,000 Army Pensions Board â'¬110,000 â'¬96,000 Coiste an Asgard â'¬830,000...