Results 8,381-8,400 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Levy (2 Jun 2021)

Paschal Donohoe: At the outset, it is important to note there are various levies and contributions in existence on insurance premiums. These serve different, defined purposes with some having been in place for a number of years. I should also state that there are no plans to discontinue them at this time. These various levies and contributions are briefly detailed below. The 2 per cent Insurance Compensation...

Written Answers — Department of Finance: Housing Policy (2 Jun 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with obtaining the deposit they need to buy or build a new house or apartment. The scheme 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 of the Taxes Consolidation Act (TCA) 1997...

Written Answers — Department of Finance: Tax Code (1 Jun 2021)

Paschal Donohoe: I am advised by Revenue that the person in question recently informed Revenue that the 2013 self-assessed valuation on his property was over-stated and requested that it be reduced from Local Property Tax (LPT) Band 3 to Band 1. The person previously paid LPT liability for 2013 (in 2013) but did not make payments in respect of subsequent years until 2019, following notifications from...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 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: Departmental Schemes (1 Jun 2021)

Paschal Donohoe: The Help to Buy (HTB) scheme is designed to stimulate the supply of new houses in the housing market and to assist first time buyers in accumulating a deposit for a new home. In order to help further meet these goals, I announced an enhancement to the existing scheme with effect from 23 July 2020 for the remainder of that year as part of the July Stimulus Package. The legislation to give...

Written Answers — Department of Finance: Financial Services (1 Jun 2021)

Paschal Donohoe: The Deputy may wish to note that the Central Bank’s website sets out information on the types of entities which require an authorisation to provide credit, including mortgages, such as credit institutions, credit unions and retail credit firms. It also sets out information on entities which require authorisation to advise on and intermediate between mortgage credit providers and...

Written Answers — Department of Finance: Real Estate Investment Trusts (1 Jun 2021)

Paschal Donohoe: I propose to take Questions Nos. 255 and 256 together. The Irish Real Estate Fund (IREF) legislation was introduced by Finance Act 2016 to address concerns raised regarding the use of collective investment vehicles by non-residents to invest in Irish property. An IREF is an investment fund, or a sub-fund, which derives 25% or more of its market value from assets acquiring their value directly...

Written Answers — Department of Finance: Tax Code (1 Jun 2021)

Paschal Donohoe: I am advised by Revenue that it is difficult to comment definitively on the stamp duty liability of individual transactions. The stamp duty liability that might arise in respect of a particular development would have regard to the particular facts and circumstances of each transaction. In addition, any potential stamp duty liability that might arise in the circumstances of the case in...

Written Answers — Department of Finance: Data Protection (1 Jun 2021)

Paschal Donohoe: For operational security reasons, my Department is not in a position to provide any details of its cyber security systems or those of the bodies under its aegis, as it would be inappropriate to disclose information that may in any way assist those with malicious intent.

Written Answers — Department of Finance: Tax Code (1 Jun 2021)

Paschal Donohoe: I propose to take Questions Nos. 259 and 261 together. On May 19th this year, the Dáil approved, by way of a Financial Resolution, a new higher stamp duty rate of 10% that will apply to the multiple purchase of houses. I introduced this measure in response to the multiple purchase of residential units by certain institutional investors in the Irish property market. I share the...

Written Answers — Department of Finance: Departmental Schemes (1 Jun 2021)

Paschal Donohoe: As the Deputy will be aware, section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the Cycle to Work scheme. This scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and associated safety equipment for an employee and was introduced in 2009. The scheme operates on a self-administration basis. Relief is automatically available...

Written Answers — Department of Finance: Insurance Levy (1 Jun 2021)

Paschal Donohoe: The Health Insurance Levy is a stamp duty paid by health insurance companies to support the Risk Equalisation Fund (REF). It is charged as a fixed amount on each health insurance policy, with the amount paid dependent on the nature of the policy. The fixed amount can vary from year to year. The Levy operates in accordance with section 125A of the Stamp Duties Consolidation Act 1999, and has...

Written Answers — Department of Finance: Covid-19 Pandemic (1 Jun 2021)

Paschal Donohoe: The purpose of the Stay and Spend Tax Credit 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 terminated on 30 April. Since 1 October 2020, a total of 65,661 receipts have been uploaded to the Revenue Receipts Tracker, as at 26 May 2021. The...

Written Answers — Department of Finance: Tax Credits (1 Jun 2021)

Paschal Donohoe: The 2009 Commission on Taxation reviewed the One-Parent Family Tax Credit and acknowledged that it played a role in supporting and incentivising the labour market participation of single and widowed parents. However, in its recommendations, the Commission concluded that the credit should be retained but that it should be allocated to the principal carer of the child only. It is essential to...

Written Answers — Department of Finance: Tax Credits (1 Jun 2021)

Paschal Donohoe: I am advised by Revenue that the number of taxpayers who received the One Parent Family Tax Credit in 2013 and the Single Person Child Carer Credit for each of the years 2014 to 2018 (the latest available year) are set out in Revenue’s Cost of Tax Expenditures Publication, which are published on the Revenue website. (Search "Tax Expenditures" and select result "Costs of Tax...

Written Answers — Department of Finance: Tax Data (1 Jun 2021)

Paschal Donohoe: I am advised by Revenue that the latest available information in respect of the cost of tax reliefs and exemptions is published on the Revenue website. (Search "Tax Expenditures" and select result "Costs of Tax expenditures (credits, allowances and reliefs)") In this table, of particular relevance to the Deputy’s question may be the tax costs in respect of CGT Relief on Disposal of...

Written Answers — Department of Finance: Tax Rebates (1 Jun 2021)

Paschal Donohoe: As the Deputy may be aware under Irish legislation, there is no entitlement to a refund of VAT for non-business activities. Therefore, in line with section 59 of the VAT Consolidation Act 2010 mobile home owners would not be entitled to such a refund.

Written Answers — Department of Finance: Tax Code (1 Jun 2021)

Paschal Donohoe: I am advised by the Revenue Commissioners that the Value Added Tax (Refund of Tax) (No 15) Order 1981 provides for the refund of VAT incurred on qualifying goods for the use of persons with a disability. The Order specifies the degree of disability and defines the qualifying goods as goods which are aids or appliances, including parts and accessories, specially constructed or adapted for use...

Written Answers — Department of Finance: Protected Disclosures (1 Jun 2021)

Paschal Donohoe: Deputy, I have been informed by my officials that the response set out below covers the numbers of protected disclosures as required under section 22 of the Protected Disclosures Act 2014. As detailed in the response, it is not possible to release some of the information requested. In broad terms, a ‘Protected Disclosure’ is a disclosure of information which the discloser...

Written Answers — Department of Finance: Financial Services (1 Jun 2021)

Paschal Donohoe: At the outset, I would like to note that the Government recognises the concerns felt by many groups, including in the construction and related professions, around the cost and availability of insurance cover. Addressing this issue is a priority for this Government, as is reflected in the prioritisation of insurance reform. The Government’s Action Plan for Insurance Reform sets out 66...