Results 8,481-8,500 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Farm Safety (18 May 2021)

Paschal Donohoe: At Report stage of the 2020 Finance Bill I introduced a new section to make provision for a Farm Safety and Disabilities Adaptation Equipment Accelerated Capital Allowances (ACA) scheme. Currently, capital allowances are available at 12.5% p.a. over eight years for agricultural equipment generally.  The scheme will provide for ACAs at 50% p.a. over two years for eligible specified farm...

Written Answers — Department of Finance: Tax Code (18 May 2021)

Paschal Donohoe: As the Deputy will be aware, in Budget 2021 I announced that the 9% rate of value-added tax would apply from 1 November 2020 to 31 December 2021 to the supply of restaurant and catering services, guest and holiday accommodation and entertainment services such as admissions to cinemas, theatres, museums, fairgrounds, and amusement parks.  Future tax changes are generally taken in the...

Written Answers — Department of Finance: Tax Code (18 May 2021)

Paschal Donohoe: It is presumed that the Deputy is referring to Real Estate Investment Trust regime. Finance Act 2013 introduced the regime for the operation of Real Estate Investment Trusts (REITs) in Ireland, based on an established international standard. The purpose of the REIT regime is to allow for a collective investment vehicle which provides a comparable after-tax return to investors to direct...

Written Answers — Department of Finance: Tax Code (18 May 2021)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. Under domestic legislation, professional medical care services recognised as such by the Department of Health and Children are exempt from VAT. Professional medical care services recognised by the Department of Health and Children are generally those medical care services...

Written Answers — Department of Finance: Tax Code (18 May 2021)

Paschal Donohoe: I wish to advise the Deputy that the position remains as set out in my reply to his question of 10 February last.  No further engagement in relation to the issue has arisen.

Written Answers — Department of Finance: Legislative Process (18 May 2021)

Paschal Donohoe: The Department of Finance has not contracted the services of accountancy firms or accountancy consultants with respect to the legislative reform of the way investment funds operate within the State with respect to the purchase of housing or residential dwellings, as described by the Deputy. Institutional investment in the residential property market is critically important to ensure the...

Written Answers — Department of Finance: EU Funding (18 May 2021)

Paschal Donohoe: Ireland's contribution to the EU Budget is an obligation of EU membership and is a charge on the Central Fund under national legislation. The contribution formula for the EU Budget is comprised of Traditional Own Resources (customs duties), a VAT-based payment and a residual balancing component paid in accordance with each Member State's share of EU Gross National Income (GNI). These...

Written Answers — Department of Finance: EU Funding (18 May 2021)

Paschal Donohoe: The Department of Finance is responsible for making Ireland’s contributions to the EU Budget, as part of the Multiannual Financial Framework (MFF). The MFF is a seven year framework regulating the EU's annual budget. It consists of approximately 45 individual programmes, not including administrative expenditure for the European Parliament, Commission, Council and...

Written Answers — Department of Finance: EU Funding (18 May 2021)

Paschal Donohoe: The Department of Finance is responsible for making Ireland’s contributions to the EU Budget, as part of the Multiannual Financial Framework (MFF). The European Defence Fund (EDF) supports competitive collaborative defence projects through research and development. The overall value of the EDF under the MFF for 2021-2027 is €7bn.  Contributions to the EU budget are...

Written Answers — Department of Finance: Sustainable Development Goals (18 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 297 and 298 together. As the Deputy will be aware, in September 2015, 193 UN Member Countries including Ireland adopted the Sustainable Development Goals (SDGs) which consist of 169 targets around 17 high level goals. The SDGs are a global blueprint for collective progress to a more prosperous and sustainable world by 2030. The SDGs are applicable to all...

Written Answers — Department of Finance: Social Media (18 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 299, 300 and 317 together. My Department has a contract with Ruepoint Media Ltd. to supply daily media monitoring services covering print, broadcast and online media but not social media. Monitoring of social media is covered by staff in my Department’s Press Office as part of their regular duties. The Press Office is currently staffed by 1...

Written Answers — Department of Finance: Departmental Investigations (18 May 2021)

Paschal Donohoe: Mazars are party to a framework agreement to investigate protected disclosures for all Government Departments which was established by the Office of Government Procurement. Since 21 May 2020, my Department has engaged Mazars to investigate a protected disclosure received by the Minister for Finance from a person external to the Department. The cost of this investigation to date is...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (18 May 2021)

Paschal Donohoe: The Covid Restrictions Support Scheme (CRSS) is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. The support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from which are chargeable...

Written Answers — Department of Finance: Tax Code (18 May 2021)

Paschal Donohoe: I am advised by Revenue that the estimated revenue generated from a rate of 40% on capital gains made on disposals by individuals with income over €250,000 would be in the region of €70m per year. This estimate is based on income and Capital Gains Tax (CGT) returns for the tax year 2018, the latest year for which full income information is available. The estimates assume no...

Written Answers — Department of Finance: Covid-19 Pandemic (18 May 2021)

Paschal Donohoe: As the Deputy may be aware, the IMF recently concluded Ireland’s biennial Article IV consultation. A requirement for all members of the Fund. This process assesses a country’s economic and financial developments, including discussions with the Country's economic and financial policies with Government and Central Bank officials.  This follows the unfortunate, but...

Written Answers — Department of Finance: Data Protection (18 May 2021)

Paschal Donohoe: There were 21 data protection breaches in total identified in the Department of Finance from 2016 to 2021 (to date). See below a table containing the number of data breaches that occurred in each year: Year: Number of Data Breaches: 2016 Nil 2017 Nil 2018 1 2019 8 ...

Written Answers — Department of Finance: Tax Reliefs (18 May 2021)

Paschal Donohoe: I am advised by Revenue that the following information is available in respect of claims under s604A up to the tax year 2018: Number of claimants  Amount Claimed € Exchequer Cost € 632 342  113  It should be noted that the cost shown is only in respect of claims on tax returns filed and does not...

Written Answers — Department of Finance: Departmental Records (18 May 2021)

Paschal Donohoe: The Deputy's request to be provided with the briefing note has been passed to the relevant section within the Department to be processed. The relevant officials are currently making arrangements to provide the note to the Deputy's office.

Written Answers — Department of Finance: Revenue Commissioners (18 May 2021)

Paschal Donohoe: I am advised by Revenue that, in compliance with section 851A of the Taxes Consolidation Act (TCA) 1997, it is not permitted to disclose details relating to the tax affairs of any individual taxpayer or taxable entity, except in certain limited circumstances provided for in law, for example in the case of tax settlements meeting the criteria for publication under section 1086 of the TCA. ...

Written Answers — Department of Finance: Revenue Commissioners (18 May 2021)

Paschal Donohoe: Revenue is not permitted to disclose details relating to the tax affairs of any individual taxpayer or taxable entity in accordance with section 851A of the Taxes Consolidation Act (TCA) 1997, except in certain limited circumstances provided for in law, for example in the case of tax settlements meeting the criteria for publication under section 1086 of the TCA. Revenue is, therefore,...