Results 8,721-8,740 of 33,175 for speaker:Paschal Donohoe

Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Committee and Remaining Stages (7 Jul 2021)

Paschal Donohoe: I move amendment No. 5: In page 31, between lines 2 and 3, to insert the following: “Repayment of stamp duty where certain residential units leased 15. (1) The Act of 1999 is amended by the insertion of the following section after section 83D: “83E.(1) In this section— ‘Act of 1992’ means the Housing (Miscellaneous Provisions) Act 1992;...

Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Committee and Remaining Stages (7 Jul 2021)

Paschal Donohoe: I move amendment No. 1: In page 6, to delete lines 12 to 23 and substitute the following: "(i) in paragraph (a)(i)(I), by the insertion of "or, where the claim relates to a period specified in subsection (8)(b)(ii)(I) or (II) or to any full week falling within the period beginning on 5 July 2021 and ending on 18 July 2021, 20 per cent," after "10 per cent", (ii) in paragraph (a)(i)(II),...

Written Answers — Department of Finance: Banking Sector (7 Jul 2021)

Paschal Donohoe: Neither I nor the Central Bank of Ireland, have a role in prescribing or setting interest rates offered by banks. These are commercial matters and are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. It is not entirely clear what the Deputy means when he refers to interest on ‘debt related repayment...

Written Answers — Department of Finance: Gambling Sector (7 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 51 and 52 together. The regulation of gambling in Ireland is primarily the responsibility of my colleague, the Minister for Justice and is provided for under the Betting Act 1931. Under that Act, any business which involves entering into bets with persons in Ireland by remote means must hold a Remote Bookmaker’s Licence. Revenue issues Remote...

Written Answers — Department of Finance: Tax Code (7 Jul 2021)

Paschal Donohoe: It is understood that the Deputy is referring to an e-bike conversion kit, which enables a push bike to be converted into an e-bike. I am advised by Revenue that section 118 of the Taxes Consolidation Act 1997 provides that a charge to tax will generally arise where an employer provides a benefit to a director or employee. The Cycle to Work scheme provides for an exemption from this charge...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I thank the committee for the invitation to engage about the general scheme of the finance (local property tax) (amendment) Bill 2021, which I published at the beginning of June. I published the general scheme with a view to having the Bill enacted before the summer recess. This is necessary to enable the Revenue Commissioners to make the essential technical and administrative preparations...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I understood my statement was shared with the committee yesterday. I am not quite sure what has happened. I agreed sharing of the opening statement yesterday.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I will get it shared now if it has not already been.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: Respectfully, what the Deputy is saying on this is incorrect. The commitment I am giving to retention in some local authority areas, and dealing with the consequences of this to ensure other local authorities are not disadvantaged because of this, is not in this Bill. The issue of retention is not a legislative matter for the Bill. The Bill simply deals with the issues I have touched on,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: That process is being led by the Minister, Deputy O'Brien, not me. I deal with the raising of revenue. I worked closely with the Minister on this but he deals with how the revenue is allocated. He has that review under way as we speak. I expect that within the year in which, I hope, we implement this revaluation successfully, the review will conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I thank Deputy Doherty and again I apologise if the statement has not been made available to the Deputy or the committee. The equalisation fund is not contained in the original local property tax legislation or this Bill. It is a separate matter for the Department and Minister with responsibility for housing regarding how the equalisation fund is structured and how it operates. It is not...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I understand the Deputy's point about the issue of funding pressures local authorities face. It is why what we seek to do is equitable in that it brings into the local property tax perimeter properties that have been built since 2013, for which local authorities are responsible for supporting and providing services but from which they do not receive revenue to help contribute to the cost of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: The Deputy is wrong in the first part of what he said. The LPT legislation and structure is silent on how revenue is allocated. I reiterate that what I deal with, what the LPT deals with and what its predecessor dealt with, is how revenue is collected. It does not deal with the issue of how revenue is distributed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: In the context of publishing a significant change, it was important to deal with some of the associated policy issues. To deal with the Deputy's second question on whether there will be an additional charge to the Exchequer, the answer is there will be. That charge will need to be met by the Exchequer. What that will be will become apparent when we have a year of revenue collection under...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: First, the record will prove that my recollection of the questions the Deputy just put to me is that he either asked or suggested that the issue of the future of retention was included in this legislation. That is what I believed the his questions put-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: -----and I have spent the past number of replies saying to him that he is incorrect. On the issue he raised regarding the future of the baseline, that is a matter for the Minister for Housing, Local Government and Heritage, not me. I reiterate the commitment I gave that if there is a funding shortfall to local authorities due to changes that are being made, they will not be worse off and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I thank the Deputy for his questions. I will deal with the ones on mica in a moment. I will get a note on how the exemption for properties with mica is accessed. To go back to his earlier question, it is worth emphasising that because of the changes we made in the reduction of rates and widening of bands, most homes will not face an increase. The majority of those that do will face an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: I have the information on the Deputy's pyrite question and the qualification criteria. A property that is eligible for the redress scheme is one that will be, or is currently being, remediated. That is the answer to the question the Deputy put to me on that point. On Bank of Ireland, the plan I have is to sell the Bank of Ireland a share of the shares that we have in the bank over a period....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: We have increased the deferral thresholds so it is now €18,000 for a single owner and €30,000 for a couple. In addition to that, if a homeowner is looking to defer 50% of his or her liability, the thresholds will be increased to €30,000 for a single owner and €42,000 for a couple. The answer to the Deputy's question depends on what the homeowners' total income...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion (7 Jul 2021)

Paschal Donohoe: To go back to the division of labour in relation to this charge and to this tax, it is really a decision that sits with the Minister for Housing, Local Government and Heritage and his Department. However, it is something I would like to see happen. I hope we can secure the future of this tax through a revaluation that is well executed in November, to build up the link between the taxes...