Results 8,121-8,140 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: I will give the exact figures so that I am not inconsistent with the Deputy's information. The figures in the table of information we supplied on where increases will happen indicate that approximately 11% of homeowners will see a decrease, approximately 53% will see no change, approximately 33% will see an increase of one band, and approximately 3% will see an increase of two bands or more....

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 am sure that the Acting Chairperson will give the Deputy a little latitude on this. Will the Deputy explain that second question to me again? I know she has raised the issue of orphan structures with me before but she is now raising it in the context of charities. I do not fully understand the question. If she puts it to me again, I will see if I can answer it.

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 am not aware of this being an issue. Certainly, the Revenue Commissioners have not raised this with me as a matter that needs to be investigated or as a cause for changing LPT policy. I have not been informed by the Revenue Commissioners that it is an issue. Properties owned by investment funds are liable for local property tax.

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: Again, that has not been raised with me as an issue that is a cause of concern to the Revenue Commissioners. I am certainly happy to ask them the question and come back to the Deputy on it.

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 Chairman. I would never want to suggest or imply that the staff of the committee have not shared or passed on the information. We will investigate what has happened here. However, I know that if the information had been received by the staff of the committee, that it would of course have been shared with the committee members.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (6 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: Tax Forms (6 Jul 2021)

Paschal Donohoe: Since 2012 all Relevant Contracts Tax (RCT) compliance, filings and payments, is conducted online using the Revenue Online Service (ROS). An important feature of the online RCT system is the submission of contract notifications to Revenue. These contract notifications provide Revenue with information regarding the contract between the principal and the subcontractor. Prior to the...

Written Answers — Department of Finance: Insurance Coverage (6 Jul 2021)

Paschal Donohoe: At the outset it is important to note that neither I, nor the Minister for Finance or the Central Bank, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which expressly prohibits Member...

Written Answers — Department of Finance: Departmental Schemes (6 Jul 2021)

Paschal Donohoe: I understand that the question relates to the Stay and Spend tax credit scheme. The purpose of the scheme was to provide targeted support to businesses within the hospitality sector whose operations are likely to be most affected by continued restrictions on public health grounds. The scheme ended on 30 April. Since 1 October 2020, a total of 66,725 receipts have been uploaded to...

Written Answers — Department of Finance: Tax Code (6 Jul 2021)

Paschal Donohoe: In Budget 2021, I introduced a temporary reduced rate of VAT, 9%, to apply to tourism and hospitality related services from 1 November 2020 to 31 December 2021, and the Finance (Covid 19 and Miscellaneous Provisions) Bill currently before the House proposes that this temporary rate continue until 31 August 2022. The Deputy is asking that this arrangement be applied to the music and...

Written Answers — Department of Finance: Tax Code (6 Jul 2021)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. Under the EU VAT Directive it is not permissible to differentiate between the supply of different types of residential property, such as apartments and housing, for the purpose of applying VAT rates. Nor is it possible to change the VAT rate for first-time buyers. While most Member states...

Written Answers — Department of Finance: National Asset Management Agency (6 Jul 2021)

Paschal Donohoe: All NAMA staff are employees of the NTMA as Section 42 of the National Asset Management Agency Act, 2009 provides that the NTMA shall assign staff to NAMA. Other than a small number of staff re-assigned from other functions within the NTMA, NAMA staff are employed on the basis of specified purpose contracts i.e. their employment lasts for as long as NAMA requires their particular function. ...

Written Answers — Department of Finance: Tax Code (6 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 165 to 167, inclusive, together. In July 2020, the European Council adopted a €750 billion recovery package for Europe. This package, NextGenerationEU, is Europe’s shared response to the severe health and economic crisis caused by COVID-19. It is an ambitious and common recovery package that will complement and support each country’s...

Written Answers — Department of Finance: Departmental Data (6 Jul 2021)

Paschal Donohoe: I can inform the Deputy that the amount of interest the Department of Finance has been charged for savings or other funds on deposit in Irish banks since negative interest rates were introduced is outlined below in tabular form. Year PMG Supply Account Surplus Public Expenditure Monies Account European Commission Account Total 2014...

Written Answers — Department of Finance: Tax Forms (6 Jul 2021)

Paschal Donohoe: While Revenue encourages taxpayers to avail of its easy to use on-line channels to file tax returns and make associated payments, it continues to facilitate any persons who may have difficulty in using these options, for example due to disability or to limited broadband access, by making hard-copy returns available to them. It is not clear from the Deputy’s question which tax...

Written Answers — Department of Finance: Tax Rebates (6 Jul 2021)

Paschal Donohoe: I am advised by Revenue that it has reviewed the tax position of the person in question and is satisfied that he is not entitled to any additional tax credits in respect for 2014 and 2015 and therefore no additional tax refunds are due in respect of those years. Revenue has also advised me that it previously informed the person in December 2018 that he was not entitled to additional tax...

Written Answers — Department of Finance: Tax Code (6 Jul 2021)

Paschal Donohoe: The Pandemic Unemployment Payment (PUP) is a social welfare payment for workers (employees and self-employed) who are out of work due to the COVID-19 pandemic. The taxation arrangements for the PUP, which were legislated for in Finance Act 2020, reflect the standard approach to taxing social welfare type payments, which means they are liable to income tax but exempt from the Universal Social...

Written Answers — Department of Finance: Universal Social Charge (6 Jul 2021)

Paschal Donohoe: I am advised by Revenue that the estimated cost of exempting the first €19,500 of income from the Universal Social Charge (USC) is €390m and €451m on a first and full year basis. These estimated figures are based on projected 2021 incomes, calculated from actual data for the year 2018, the latest year for which data are currently available. I might take this...

Written Answers — Department of Finance: Credit Unions (6 Jul 2021)

Paschal Donohoe: As the Deputy will appreciate, while I have taken note of the situation as set out in the details supplied by the Deputy, it is not appropriate for me to comment on specific cases. However, I have set out the legislative and regulatory provisions which may be relevant to the issue raised. Board of directors Section 53(10) of the Credit Union Act, 1997 (the 1997 Act) sets out a list of...

Written Answers — Department of Finance: Freedom of Information (6 Jul 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department publishes a list of Non-Personal Freedom of Information requests on its website. This is known as the Freedom of Information Disclosure Log and it is updated on a quarterly basis. I can confirm it is up to date, with Q2 2021 available as the most recent publication. The FOI Disclosure Logs can be accessed from the following link:...