Results 801-820 of 9,090 for speaker:Jack Chambers

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I am happy to come back into my old brief. I know the wider ambition and focus within different regions on transport infrastructure and through the capital plans, which the Minister, Deputy Donohoe, has already agreed. Obviously, we are keen to advance some of them. We know there is further ambition to do more. The Minister, Deputy Ryan, published the all-island rail review, which is...

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I will have to set that out in the White Paper. I am not going to give the Deputy a false figure.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: Yes.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I was asked if I would, and I said I would not.

Written Answers — Department of Finance: Business Supports (18 Sep 2024)

Jack Chambers: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. In terms of the challenges associated with obtaining flood cover, please be aware that the provision of such cover is a commercial matter for insurance companies, based on an actuarial assessment of the risks they are...

Written Answers — Department of Finance: Primary Medical Certificates (18 Sep 2024)

Jack Chambers: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as...

Written Answers — Department of Finance: Tax Reliefs (18 Sep 2024)

Jack Chambers: Mortgage Interest Tax Relief is a one-year temporary relief, which is available to taxpayers in respect of their principal private residence in the State, where the outstanding mortgage balance was between €80,000 and €500,000 as of 31 December 2022. The relief also extends to a qualifying property located in the State, which is the sole or main residence of the...

Written Answers — Department of Finance: Departmental Policies (18 Sep 2024)

Jack Chambers: I note the issues raised by the Irish Hairdressing Council. The only issue which I have any direct input into in this correspondence is the VAT rate. However, 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.

Written Answers — Department of Finance: Tax Reliefs (18 Sep 2024)

Jack Chambers: I am advised by Revenue that information in respect of project-level eligible expenditure in relation to a single year is not available. Revenue tracks the cost for section 481 projects based on when claims are made, and in any single year, claims may be made, and payments made, in respect of projects certified across multiple years. As such, there is no basis upon which to prepare an...

Written Answers — Department of Finance: Artificial Intelligence (18 Sep 2024)

Jack Chambers: I propose to take Questions Nos. 171 and 172 together. I can confirm to the Deputy that the Government approved Interim Guidelines for the Use of Artificial Intelligence (AI) in the Public Service earlier this year. I can confirm that this was circulated to all staff within my department in January 2024. These guidelines established that AI tools used in the civil and public service must...

Written Answers — Department of Finance: Office of the Ombudsman (18 Sep 2024)

Jack Chambers: The Financial Services and Pensions Ombudsman (FSPO) is an independent, impartial, fair and free service that helps resolve complaints against financial service and pension providers from consumers and small businesses. It plays an important role in the robust financial consumer protection framework that supports consumers of financial services in Ireland. During 2023, the FSPO received...

Written Answers — Department of Finance: Tax Reliefs (18 Sep 2024)

Jack Chambers: I propose to take Questions Nos. 174 and 198 together. Finance Act 2018 introduced a short-term, tapered regional uplift under section 481 for productions being made in areas designated under the State aid regional guidelines (among other criteria). The purpose of the regional uplift was to support the development of new, local pools of talent in areas outside the current main production...

Written Answers — Department of Finance: Tax Reliefs (18 Sep 2024)

Jack Chambers: Section 118(5G) of the Taxes Consolidation Act 1997 (TCA) provides for the Cycle to Work Scheme. This scheme offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. Associated safety equipment may include items such as helmets, lights,...

Written Answers — Department of Finance: Insurance Coverage (18 Sep 2024)

Jack Chambers: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. In terms of the challenges associated with obtaining flood cover, please be aware that the provision of such cover is a commercial matter for insurance companies, based on an actuarial assessment of the risks they are...

Written Answers — Department of Finance: Consumer Rights (18 Sep 2024)

Jack Chambers: Responsibility for policy and operational matters on bankruptcy and personal insolvency is a matter for my colleague the Minister for Justice but I can indicate that, generally speaking, a cooperating debtor will normally be automatically discharged from bankruptcy after a period of one year. The Credit Reporting Act 2013 provided for the establishment and operation of the Central...

Written Answers — Department of Finance: Tax Code (18 Sep 2024)

Jack Chambers: The age exemption limits were lasted increased in Budget 2008, however, as part of a suite of structural measures to deliver fiscal consolidation in Budget 2011, the age exemption limits were reduced from €20,000 to €18,000 per annum for single persons and from €40,000 to €36,000 per annum for married couples or civil partnerships, and they have remained at these...

Written Answers — Department of Finance: Business Regulation (18 Sep 2024)

Jack Chambers: Section 731 of the Companies Act, 2014 provides for the application by a director for Voluntary Strike Off of a company (i.e. one way to wind up a company) from the Register of Companies held by the Companies Registration Office (CRO). It also sets out the requirements to be met by the company, for an application to be considered. One of the CRO requirements is for the applicant company...

Written Answers — Department of Finance: Tax Code (18 Sep 2024)

Jack Chambers: The VAT rating of goods and services is subject to the requirements of EU VAT law, 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, 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 lower rate of...

Written Answers — Department of Finance: Banking Sector (18 Sep 2024)

Jack Chambers: The total recapitalisation of the domestic banks amounted to €64.1bn, of which €34.7bn was invested in Anglo Irish Bank and INBS which became Irish Bank Resolution Corporation (IBRC) and €29.4bn in AIB, Bank of Ireland and PTSB. To date, €26.1bn of the investment in the three remaining banks has been recovered in cash by way of disposals, investment income and...

Written Answers — Department of Finance: National Asset Management Agency (18 Sep 2024)

Jack Chambers: In March 2010, the National Asset Management Agency (NAMA) borrowed €49 million from the then Minister for Finance to inject ordinary equity into the special purpose vehicle, National Asset Management Agency Investment Limited. This sum plus accrued interest was repaid by NAMA to the Minister for Finance in February 2011. In addition, in May 2010, NAMA borrowed €250m from the...