Results 8,141-8,160 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Illicit Trade (5 Oct 2021)

Paschal Donohoe: I am assured by Revenue that combating the threat which illegal cross–border trade and smuggling of all kinds, including that in fuel products, poses to legitimate businesses, consumers and the Exchequer continues to be a priority. Revenue and An Garda Síochána collaborate closely in acting against illegal cross-border trade, and also cooperate with their counterparts in...

Written Answers — Department of Finance: Tax Data (5 Oct 2021)

Paschal Donohoe: I am advised by Revenue that taxpayer units with taxable incomes exceeding €325,000 incurred an average effective income tax rate in the region of 36% in 2018, the latest year for which data are currently available. If this effective rate was 50%, it is estimated very roughly that the additional yield would be approximately €800m in a full year.

Written Answers — Department of Finance: Tax Data (5 Oct 2021)

Paschal Donohoe: I propose to take Questions Nos. 219 and 220 together. The estimated costs of indexation of various rate bands and tax credits are available in Revenue’s Ready Reckoner, available at www.revenue.ie/en/corporate/documents/statistics/ready-recko ner.pdf. For the convenience of the Deputy, the estimated cost of indexation at 1% is outlined in the table below. Cost of...

Written Answers — Department of Finance: Defective Building Materials (5 Oct 2021)

Paschal Donohoe: As the Deputy will be aware, the Minister for Housing, Local Government and Heritage, has established an Independent Working Group to examine the issue of defective housing. 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 housing affected, to propose a...

Written Answers — Department of Employment Affairs and Social Protection: Covid-19 Pandemic Unemployment Payment (5 Oct 2021)

Paschal Donohoe: I propose to take Questions Nos. 426 and 432 together. I am aware of concerns that have been raised regarding the pace of recovery for the arts sector. However, the position is that the Employment Wage Subsidy Scheme (EWSS) is an economy wide support. The objective of EWSS is to support all employment and to maintain the link between the employer and employee insofar as is possible. The...

Written Answers — Department of Finance: Primary Medical Certificates (30 Sep 2021)

Paschal Donohoe: To qualify for a Primary Medical Certificate an applicant must be permanently and severely disabled, and satisfy at least one of the following medical criteria, in order to obtain a Primary Medical Certificate: - be wholly or almost wholly without the use of both legs; - be wholly without the use of one leg and almost wholly without the use of the other leg such that the applicant is...

Written Answers — Department of Finance: Insurance Coverage (30 Sep 2021)

Paschal Donohoe: I understand that the Deputy is referring to life and mortgage protection insurance products in her question. At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products or have the power to direct insurance companies as to what terms and conditions apply in relation to the provision of cover to...

Written Answers — Department of Finance: Tax Reliefs (30 Sep 2021)

Paschal Donohoe: I am advised by Revenue that the person in question is registered as a self-assessed taxpayer and was also in receipt of PAYE income in 2018. Following a review of the person’s overall tax position for that year, Revenue is satisfied that he received Illness Benefit payments from the Department of Social Protection. The benefit payments were correctly liable to tax but not to the...

Written Answers — Department of Finance: Departmental Schemes (30 Sep 2021)

Paschal Donohoe: Help-to-Buy (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment.  The incentive gives a refund of Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act 1997 outlines the definitions...

Written Answers — Department of Finance: Budget 2022 (30 Sep 2021)

Paschal Donohoe: As 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.  However, for clarity, it is important to note that the VAT Consolidation Tax Act 2010 (VATCA) on Schedule 1 Paragraphs (1) (2) and (3), provides for crèche and nursery services...

Written Answers — Department of Finance: Tax Data (30 Sep 2021)

Paschal Donohoe: As the Deputy is aware, loss relief for corporation tax is a long-standing feature of the Irish corporate tax system and a standard feature of corporation tax systems in most OECD countries. It recognises the fact that a business cycle runs over several years and that it would be unfair to tax income earned in one year and not allow relief for losses incurred in another. Loss relief...

Written Answers — Department of Finance: Budget 2022 (30 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 168 and 169 together. In advance of the Budget, as Minister for Finance I receive a large number of pre-budget submissions on a wide range of issues.  These can range from highly detailed and developed proposals for specific changes to existing taxes, reliefs, exemptions and allowances to more straightforward requests, for...

Written Answers — Department of Finance: Tax Data (30 Sep 2021)

Paschal Donohoe: I am advised by Revenue that data in respect of Local Property Tax (LPT) is captured at individual property, and Local Authority levels. Data in relation to strategic housing developments is not required for the efficient administration of the tax and consequently the information requested by the Deputy is not available.

Written Answers — Department of Finance: Tax Data (30 Sep 2021)

Paschal Donohoe: I am advised by Revenue that the table below sets out, in county order, the amount of Local Property Tax (LPT) that was foregone through exemptions for the current ‘valuation period’ (2013- 2021). The figures provided are based on valuations returned by property owners for their exempt properties. It is important to note that properties built since 2013 are outside the scope of...

Written Answers — Department of Finance: Tax Data (30 Sep 2021)

Paschal Donohoe: As legislated for in the Finance Act 2016, the Bank Levy is due to expire at end-2021. The medium-term fiscal forecasts in the Summer Economic Statement contained a reduction in revenue from 2022 to take into account the expiration of the levy. Any decision on whether to extend the Bank Levy will be made in the context of Budget 2022. Should the measure be continued,...

Written Answers — Department of Finance: Customs and Excise (29 Sep 2021)

Paschal Donohoe: I am advised by Revenue that across the European Union electronic customs import declarations are now required for all parcels/packages coming from non-EU countries including those coming through the postal system regardless of the value of the goods being sent. This includes parcels/packages coming from the UK. While goods valued at less than €150 may not be liable to a customs duty...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (29 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 82, 85 and 86 together. Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the operation of the Employment Wage Subsidy Scheme (EWSS), which is an economy-wide enterprise support for eligible businesses in respect of eligible employees. It provides a flat-rate subsidy to qualifying employers based on the numbers...

Written Answers — Department of Finance: Tax Collection (29 Sep 2021)

Paschal Donohoe: Revenue is currently contacting 1.4 million residential property owners to advise them of their statutory requirements in respect of the next Local Property Tax (LPT) ‘valuation period’ (2022 to 2025). This includes determining the value of their properties at 1 November 2021, submitting their LPT Return by 7 November 2021 and confirming a payment option for 2022. This...

Written Answers — Department of Finance: State Claims Agency (29 Sep 2021)

Paschal Donohoe: Prometheus Insurance Company Ltd (‘Prometheus’), formally known as Tradewise Insurance, is domiciled in Gibraltar and regulated by the Financial Services Commission there.  It operated in Ireland under the EU freedom to provide services provisions. On 31 December 2019, Prometheus, ceased writing new business and went into run-off. On 27 January 2021 the Supreme Court...

Written Answers — Department of Finance: Departmental Expenditure (29 Sep 2021)

Paschal Donohoe: I am taking the Deputy's use of the wording 'total spend on external contractors, consultancy services and other outsourcing' to refer to my Department's annual consultancy expenditure which includes payments in respect of consultancy services, professional fees, and legal advice. I can advise the Deputy that the amounts my Department incurred in respect of such...