Results 8,201-8,220 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Collection (22 Jun 2021)

Paschal Donohoe: I am advised by Revenue that the table below sets out the amounts collected in Professional Services Withholding Tax (PSWT) for the years 2018, 2019 and 2020. The table also sets out the number of persons that paid PSWT during those years and the average amount paid. Year Gross Collection (€m) No. of Customers Average (€m) 2018...

Written Answers — Department of Finance: Departmental Schemes (22 Jun 2021)

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

Written Answers — Department of Finance: Tax Code (22 Jun 2021)

Paschal Donohoe: The 2012 inter-Departmental Group which considered the structures and modalities of a property tax recommended that a universal liability to the Local Property Tax (LPT) should apply to all owners of residential property with a limited number of exemptions. Limiting the exemptions available allows the rate to be kept low for those liable persons who do not qualify for an exemption. While...

Written Answers — Department of Finance: Financial Services (22 Jun 2021)

Paschal Donohoe: I am keenly aware of the issue of equal access to financial services and products for those who previously have had cancer, and note the statistics supplied, which relate to difficulties experienced by some in accessing life insurance. I am also aware of reports of some customers experiencing issues in obtaining mortgage protection cover as a result of having higher risk conditions...

Written Answers — Department of Finance: State Bodies (22 Jun 2021)

Paschal Donohoe: A number of the bodies under the aegis of my Department have incurred negative interest rate charges in Irish banks, details of which are set out below. Home Building Finance Ireland (HBFI) was established in December 2018, at which time there was a requirement to open a number of accounts to allow day to day operations and activities to be undertaken. Since December 2018, HBFI has been...

Written Answers — Department of Finance: Tax Reliefs (22 Jun 2021)

Paschal Donohoe: The latest costs available for the Special Assignee Relief Programme (SARP), can be found in the 'Statistics on Special Assignee Relief Programme 2018' report which is published on the Revenue website. According to that report, in 2018 SARP had an Exchequer cost of €42.4 million. This is the latest data available. I expect the cost for 2019 should be available later in...

Written Answers — Department of Finance: Tax Credits (22 Jun 2021)

Paschal Donohoe: I am advised by Revenue that is not possible to accurately predict the yield from ending the payable element of the Research and Development (R&D) tax credit, as information in respect of the future payments of the credit, which is dependent on both the future profitability of claimant companies as well as their level of qualifying R&D activity, cannot be known in...

Written Answers — Department of Finance: Financial Services (22 Jun 2021)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman (FSPO) is independent in the performance of his statutory functions. I have no role in the day to day workings of the office or in the decisions which he takes. I am advised that where a complaint is made to the FSPO concerning a joint account or a joint policy, the FSPO must recognise that all parties to...

Written Answers — Department of Finance: Tax Code (22 Jun 2021)

Paschal Donohoe: As I stated in my reply to PQ 30710 of 15 June, Revenue uses a European standard classification system, known as ‘NACE’ to categorise the economic activities or sectors of taxpayers. In the NACE system, dog breeding or dog selling are not separately categorised. In addition, these types of operations are often part of wider economic activities undertaken by taxpayers and it is...

Written Answers — Department of Finance: Tax Code (22 Jun 2021)

Paschal Donohoe: I propose to take Questions Nos. 229 and 230 together. It is unclear what the Deputy is referring to and if he has any specific concerns, I will be happy to address those if further details can be provided. However, I can assure him that Ireland has a clear and transparent statutory corporation tax regime that applies to all companies equally and raises billions in revenue each year....

Written Answers — Department of Finance: Departmental Staff (22 Jun 2021)

Paschal Donohoe: The staff of my Department are paid in line with Government pay policy and there are currently 6 civil servants in my Department whose salaries are less than the living wage of €12.30 per hour. It should be noted that, of these, 5 officers will move above the living wage rate of €12.30 per hour when they move to the next increment step of their respective salary scales. The 1...

Written Answers — Department of Finance: Departmental Expenditure (17 Jun 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of spending on social media advertising since the beginning of January 2021 until 12 June 2021. A number of bodies under the aegis of my Department have incurred expenditure on social media advertising since January 2021, the details are as follows: The Central Bank of Ireland has paid €66,405 (VAT excl.) since the...

Written Answers — Department of Finance: Departmental Expenditure (17 Jun 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of spending on social media content production from the beginning of January 2021 to 12 June 2021.

Written Answers — Department of Finance: Departmental Expenditure (17 Jun 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of spending on public relations consultancy since January 2021 to date. A number of bodies under the aegis of my Department have incurred expenditure on public relations consultancy since January 2021, the details are as follows: The National Asset Management Agency (NAMA) has spent €40,000 (VAT excl.) to date since...

Written Answers — Department of Finance: Tax Code (17 Jun 2021)

Paschal Donohoe: In terms of providing a context for the present arrangements, the current structures with regard to tax bands of couples who are married or in civil partnerships has been in place for the last 20 years or so. The previous Commission on Taxation in their 2009 report observed the following: "However, in relation to income tax, a “hybrid” arrangement has been in place since 2000,...

Written Answers — Department of Finance: Departmental Policies (17 Jun 2021)

Paschal Donohoe: Since June 2020, my Department published Budget 2021 in October 2020, the Stability Programme Update forecasts in April 2021 as well as various economic, research and analysis papers to support policy-making, including the launch of the quarterly Economic Insights series. My Department also continues to provide technical input around the economic impact of COVID-19 and the related policy...

Written Answers — Department of Finance: Equality Issues (17 Jun 2021)

Paschal Donohoe: Each year since 2015, my Department has satisfied the target of employing 3% of staff with disabilities and is committed to achieving the revised target of 6% by 2024. The Department’s Disability Liaison Officer works closely with the National Disability Authority to ensure that it is fully compliant with its obligations under the Disability Act 2005. My Department has held awareness...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Jun 2021)

Paschal Donohoe: 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 of paid and eligible employees on the employer’s...

Written Answers — Department of Finance: Tax Code (16 Jun 2021)

Paschal Donohoe: The Financial Resolution passed by the Dáil on 19 May last provides for a new higher stamp duty rate of 10% where at least 10 residential units (excluding apartments) are acquired by an individual or a corporate entity such as a company in any 12-month period. This new measure is ‘triggered’ when a residential unit is acquired on or after 20 May 2021, with the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Jun 2021)

Paschal Donohoe: The Debt Warehousing Scheme remains available to support businesses that are experiencing tax payment difficulties arising from the COVID-19 pandemic. The scheme applies to VAT debts, PAYE (Employer) debts, self-assessed income tax debts (balance of 2019 income tax liability and 2020 preliminary tax) and Temporary Wage Subsidy Scheme (TWSS) overpayments. The Government recently agreed to the...