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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: It is important to note, however, that these estimates are based on the current local property tax register of properties and, therefore, much of the underlying data relate back to 2013. That means it is likely the position will change once the 2022 returns are filed because revaluation updates and extensions to the register will all provide new valuations data. It must be noted that a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: We would end up in a situation where fewer properties would pay more tax, which is the very kind of concentration risk we get warned about all the time. We are continually advised that it is better to have more taxpayers and tax units all making a contribution. Yet again, what Deputies Boyd Barrett and Mairéad Farrell are proposing is a narrowing of our tax base. In the circumstances...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Far be it from me to try to undertake the role of Chairman, but I think Deputy Mairéad Farrell wants to come in at this point. I have direct line of sight from where I am seated, which is not always helpful, but from the point of view of inclusivity within the committee, it is.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: While I appreciate the importance of the issue which the Deputies raise, I am not in a position to accept the amendment. The question of employment for self-employment status arises in three different areas, that is, tax where it is determined by Revenue, social welfare where it is determined by the Department of Social Protection and employment rights where the Workplace Relations...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I appreciate the Deputies' concerns. First, the document and code of practice agreed by the three different Government bodies does provide a comprehensive response to the issue that has been raised. Second, I note in the letter that was shared with me as part of the correspondence in anticipation of this debate that the Revenue Commissioners have referred to the Revenue compliance...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: In situations where a couple is cohabiting, rather than married or in a civil partnership, each individual is treated for the purposes of income tax as a separate and unconnected individual. Since they are treated separately for tax purposes, credits, tax bands and reliefs cannot be transferred from one partner to another. As part of the tax strategy group, TSG, process last year, the tax...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: As a procedural matter, is the Chairman is planning to take a break later on?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: That is all good. What time will we run until after that?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Perfect.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I will deal with the questions the Deputy has put to me about remote working, which is the subject of this section. Overall, employers should bear the cost of providing the equipment that their employees need to work from home. The employer would have to provide that equipment and those facilities anyway were the work to be taking place in a work environment, inside an office or a formal...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I was not suggesting that the Deputy was saying that the taxpayer should take on more of the costs that the employer would normally have. I was responding back to the question the Deputy put to me about the balance that we need to think about between the taxpayer and the employer. In the measure that we have here, we are trying to get that balance right. The Deputy also put a question to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I have not considered that, mainly because it is not my area of policy responsibility. That matter would sit with the Department of Enterprise, Trade and Employment. I would be reluctant to see this matter dealt with through legislation. It is better off that this is dealt with on an employer-by-employer basis with those who work with them. We have gone through many months of mass-scale...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I will deal with the issues relating to SARP put by Deputy Boyd Barrett. I will begin by describing the schemes in place in other countries. France has an inpatriate allowance which offers a reduction of between 30% and 50% of the remuneration of individuals on the scheme. Malta has a highly qualified persons scheme that offers a 15% flat rate of tax on all employment income. The...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Amendments Nos. 12 and 165 have been grouped. Addressing amendment No. 12 first, the Deputy’s amendment proposes the introduction of a new tax credit for those who have paid construction defect levies to their owners’ management company up to 15 years ago. The remediation of defects in housing is a complex problem which has caused great anxiety for ordinary homeowners across...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I thank the Deputies for their contributions. It is possible to be on the side of the citizens of our country and not support this amendment. The reason I do not support it is that the work the two Deputies are calling for is already under way. That work is in respect of the awful issue that so many are confronting in Donegal and beyond with mica, where they have seen what they hoped to be...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: At this point I want to indicate that it is my expectation that I will bring forward an amendment to section 4 on Report Stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: The reason the help-to-buy scheme has a role to play in our tax code is I believe it is appropriate that our tax policy gives help to somebody who is buying his or her first home, particularly when that first home is a new build, thereby leading to additional supply. There is a difference in philosophy between Sinn Féin and me on this. Sinn Féin believes that people are looking...