Results 8,081-8,100 of 32,527 for speaker:Paschal Donohoe

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: Respectfully, what the Deputy is saying on this is incorrect. The commitment I am giving to retention in some local authority areas, and dealing with the consequences of this to ensure other local authorities are not disadvantaged because of this, is not in this Bill. The issue of retention is not a legislative matter for the Bill. The Bill simply deals with the issues I have touched on,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: That process is being led by the Minister, Deputy O'Brien, not me. I deal with the raising of revenue. I worked closely with the Minister on this but he deals with how the revenue is allocated. He has that review under way as we speak. I expect that within the year in which, I hope, we implement this revaluation successfully, the review will conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I thank Deputy Doherty and again I apologise if the statement has not been made available to the Deputy or the committee. The equalisation fund is not contained in the original local property tax legislation or this Bill. It is a separate matter for the Department and Minister with responsibility for housing regarding how the equalisation fund is structured and how it operates. It is not...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I understand the Deputy's point about the issue of funding pressures local authorities face. It is why what we seek to do is equitable in that it brings into the local property tax perimeter properties that have been built since 2013, for which local authorities are responsible for supporting and providing services but from which they do not receive revenue to help contribute to the cost of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: The Deputy is wrong in the first part of what he said. The LPT legislation and structure is silent on how revenue is allocated. I reiterate that what I deal with, what the LPT deals with and what its predecessor dealt with, is how revenue is collected. It does not deal with the issue of how revenue is distributed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: In the context of publishing a significant change, it was important to deal with some of the associated policy issues. To deal with the Deputy's second question on whether there will be an additional charge to the Exchequer, the answer is there will be. That charge will need to be met by the Exchequer. What that will be will become apparent when we have a year of revenue collection under...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: First, the record will prove that my recollection of the questions the Deputy just put to me is that he either asked or suggested that the issue of the future of retention was included in this legislation. That is what I believed the his questions put-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: -----and I have spent the past number of replies saying to him that he is incorrect. On the issue he raised regarding the future of the baseline, that is a matter for the Minister for Housing, Local Government and Heritage, not me. I reiterate the commitment I gave that if there is a funding shortfall to local authorities due to changes that are being made, they will not be worse off and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I thank the Deputy for his questions. I will deal with the ones on mica in a moment. I will get a note on how the exemption for properties with mica is accessed. To go back to his earlier question, it is worth emphasising that because of the changes we made in the reduction of rates and widening of bands, most homes will not face an increase. The majority of those that do will face an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I have the information on the Deputy's pyrite question and the qualification criteria. A property that is eligible for the redress scheme is one that will be, or is currently being, remediated. That is the answer to the question the Deputy put to me on that point. On Bank of Ireland, the plan I have is to sell the Bank of Ireland a share of the shares that we have in the bank over a period....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: We have increased the deferral thresholds so it is now €18,000 for a single owner and €30,000 for a couple. In addition to that, if a homeowner is looking to defer 50% of his or her liability, the thresholds will be increased to €30,000 for a single owner and €42,000 for a couple. The answer to the Deputy's question depends on what the homeowners' total income...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: To go back to the division of labour in relation to this charge and to this tax, it is really a decision that sits with the Minister for Housing, Local Government and Heritage and his Department. However, it is something I would like to see happen. I hope we can secure the future of this tax through a revaluation that is well executed in November, to build up the link between the taxes...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I thank the Senator for the range of questions. I will deal with the first question, which was on the issue of vacant properties. What the revaluation will lead to is that for the first time homeowners will be asked to declare if a property is vacant and will be asked on the IT portal to register for the tax to declare if a property is vacant and indicate a reason the vacancy is occurring....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: The Commission and many of my colleagues in ECOFIN are very much aware of the need to take care in the application of fiscal rules in the future because of the investment and demand stimulation needed now and for the foreseeable future. While it is fair to say we probably approach the debate from different starting points, which is fine and the way politics should operate, a common ground at...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: As I stated in reply to Deputy Doherty on a number of occasions, that is correct.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I would be very happy to speak to the Deputy about that. As he said, the allocation of the funding is a matter for the Minister, Deputy Darragh O'Brien. The Deputy raised an important point in his contribution, which is that if councillors make a decision to leave LPT unchanged and not make use of the LAF to reduce it, and if some even apply the LAF in an upwards direction, we should give...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: Could you give me literally a 30-second-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I just have to resolve something in the location in which I am sitting and then I will be right back to you.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: Yes. I am sorry. To avoid any mystery, the window behind me was open-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I just wanted it shut. I could have left the session in worse condition physically than I did when I entered it, which I know none of you would want. Back to you, and thank you for the 30 seconds, Chair.