Results 8,741-8,760 of 33,923 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Public Sector Pay (21 Oct 2021)

Paschal Donohoe: I am advised by Revenue that Clerical Officers who were on Career Break on 1 January 2003 are not eligible to receive the Annual Personal to Holder (APTH) payment. This is because they were not serving in Revenue on 1 January 2003 (Integration Day), the designated date by reference to which eligibility for payment of the APTH was determined. The background is that following an extensive...

Written Answers — Department of Finance: Tax Exemptions (21 Oct 2021)

Paschal Donohoe: The 2012 report of the Interdepartmental Group on the Design of a Property Tax considered the issue of introducing an exemption or waiver for property owners below a certain income threshold. Having considered the possible inequities and administrative challenges of such an exemption or waiver structure the group recommended instead a deferral scheme that would assist property owners in a...

Written Answers — Department of Finance: Tax Yield (21 Oct 2021)

Paschal Donohoe: You are aware that, on Friday 8th October, Ireland joined 135 other member jurisdictions of the OECD/G20 Inclusive Framework in reaching a high level agreement on a two-pillar solution to address tax challenges arising from the digitisation of the economy in recent years. There are two pillars to the OECD agreement. Pillar One will see a reallocation of a proportion of profits to the...

Written Answers — Department of Finance: Departmental Consultations (21 Oct 2021)

Paschal Donohoe: I can inform the Deputy that the responses to the Department of Finance's public consultation on the OECD tax reform proposals was published on my Department's website on Thursday 14 October 2021. The submissions are available at the following link: www.gov.ie/en/publication/5e8d3-responses-to-oecd-tax-reform -consultation/.

Written Answers — Department of Finance: Banking Sector (21 Oct 2021)

Paschal Donohoe: Officials from my Department contacted the Central Bank of Ireland regarding the Deputy's question and received the following response: "The Central Bank cannot comment on its engagements with individual regulated entities, due to supervisory confidentiality obligations. The Central Bank expects Banks to take a consumer-focused approach in respect of any decision that affects their...

Written Answers — Department of Finance: Insurance Coverage (21 Oct 2021)

Paschal Donohoe: At the outset it is important to note that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which expressly prohibits Member States from doing so....

Written Answers — Department of Finance: Tax Rebates (21 Oct 2021)

Paschal Donohoe: Following the withdrawal of the UK from the European Union, goods moving into this country from Great Britain are treated as imports from a third country, i.e. from outside the EU. I am advised by Revenue that, where goods are imported into Ireland from a third country like Great Britain, the importer is required to complete a customs declaration and pay customs duty, if applicable, and VAT....

Written Answers — Department of Finance: Banking Sector (21 Oct 2021)

Paschal Donohoe: The Central Bank of Ireland has statutory responsibility for the regulation of mortgage lending by banks and other regulated entities. In line with this mandate, the Central Bank introduced macroprudential measures for residential mortgage lending in February 2015. The objective of these mortgage measures is to increase the resilience of the banking sector and households and to reduce the...

Written Answers — Department of Finance: Illicit Trade (20 Oct 2021)

Paschal Donohoe: I am advised by Revenue that they use a range of measures to tackle the sale of illicit cigarettes on the black market. At the core of these measures is identifying and targeting the smuggling of illicit tobacco products into the State, with a view to disrupting the supply chain, seizing the products and, where possible, prosecuting those involved. Revenue’s strategy involves...

Written Answers — Department of Finance: Departmental Contracts (20 Oct 2021)

Paschal Donohoe: Deputy, in relation to your question concerning Kinzen Limited previously known as Neva Labs, I wish to advise that no meetings have been held and no correspondence has been conducted with this company, either by myself or by any official from my Department. I can also confirm that my Department has not engaged the services of Kinzen Limited previously known as Neva Labs and that no payment...

Written Answers — Department of Finance: Tax Code (20 Oct 2021)

Paschal Donohoe: Council Directive 2011/64/EU sets out EU rules on the structure and rates of excise duty applied to manufactured tobacco. The Directive defines and classifies various manufactured tobacco products according to their characteristics and lays down the relevant minimum rates of excise duty for the different types of products. The purpose of the Directive is to ensure the proper functioning of...

Written Answers — Department of Finance: Customs and Excise (20 Oct 2021)

Paschal Donohoe: Council Directive 92/83/EEC, also known as the “Alcohol Structures Directive”, lays down a harmonised approach for the application of excise duties on alcohol and alcoholic beverages in the EU. It sets out the categories of alcohol and alcoholic beverages that fall within scope of taxation and the basis on which excise duties on such products are to be established. Council...

Written Answers — Department of Finance: Customs and Excise (20 Oct 2021)

Paschal Donohoe: I am informed by Revenue that the necessary data are not provided on tax returns to enable an accurate estimate of the cost of extending the 50% excise relief (available to qualifying microbreweries) to cider brewers and other fermented beverage manufacturers. The following table sets out the value of Alcohol Products Tax (APT) relief for beer produced in qualifying microbreweries for the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 Oct 2021)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS) which is an economy-wide enterprise support for eligible businesses. The Finance (Covid-19 and Miscellaneous Provisions) Act 2021, signed into law on 19 July, provided for the extension of EWSS to 31 December 2021, ensuring that the scheme continues to...

Written Answers — Department of Finance: Tax Code (20 Oct 2021)

Paschal Donohoe: The current stamp duty rate for non-residential property, which includes agricultural land, is 7.5%. Farming is first and foremost a business, and indeed section 655 of the Taxes Consolidation Act 1997 states "For the purposes of the Tax Acts, farming shall be treated as the carrying on of a trade or, as the case may be, of part of a trade, and the profits or gains of farming shall...

Written Answers — Department of Finance: Tax Code (20 Oct 2021)

Paschal Donohoe: The Housing for All Strategy was developed in consultation with all relevant Government Departments, including my own. The measures set out in the strategy, together with the associated timeframes for delivery, represent the current actions for priority attention in order to increase the supply of residential property. Having said this, the Deputy will be aware of the Living City...

Written Answers — Department of Finance: Tax Code (20 Oct 2021)

Paschal Donohoe: I propose to take Questions Nos. 90, 91 and 92 together. Local Property Tax (LPT) is a self-assessed tax.  As such, for the new ‘valuation period’ of 2022 to 2025, it is a matter for residential property owners themselves to determine the market value of their property as at 1 November 2021, calculate the LPT due and submit an LPT Return to Revenue by 7 November...

Written Answers — Department of Finance: Tax Code (20 Oct 2021)

Paschal Donohoe: I propose to take Questions Nos. 93 and 94 together. Background Prior to 2000, income tax allowed for full joint assessment of married couples.  This meant that the earner in a single income couple could use the combined tax credits and standard rate band available to both individuals – i.e. double the personal tax credit and rate band available to a single earner.  As a...

Written Answers — Department of Finance: Banking Sector (20 Oct 2021)

Paschal Donohoe: I am aware that officials in my Department have sought clarification from the Deputy in relation to this parliamentary question. If the nature of the question is clarified, a further reply can be provided directly. The details supplied to this parliamentary question also makes reference to a media article from 2020. Mr David Tynan of PwC was appointed to the role of Assessor pursuant...

Written Answers — Department of Finance: Gambling Sector (19 Oct 2021)

Paschal Donohoe: I propose to take Questions Nos. 351 and 353 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...