Results 861-880 of 9,090 for speaker:Jack Chambers

Written Answers — Department of Finance: Tax Reliefs (9 Sep 2024)

Jack Chambers: As the Deputy will appreciate, proposals for the amendment of tax reliefs must be assessed in accordance with my Department's Tax Expenditure Guidelines. These make clear the importance that any policy proposal which involves tax expenditures should only occur in limited circumstances. In particular, they provide that a tax-based incentive should only be considered where it would be more...

Written Answers — Department of Finance: Tax Code (9 Sep 2024)

Jack Chambers: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Official Travel (9 Sep 2024)

Jack Chambers: I wish to advise the Deputy that I have taken no flights to or from Shannon, Cork or Knock Airports since assuming office.

Written Answers — Department of Finance: Tax Code (9 Sep 2024)

Jack Chambers: I note the Deputy's query in relation to the taxation of investment funds and ETFs and whether any changes are being considered in this regard, in particular for younger investors. I also appreciate the Deputy submitting the correspondence associated with his question and this will be reviewed by my officials. Last year, on 6 April 2023, my Department published the Terms of Reference for a...

Written Answers — Department of Finance: Departmental Reviews (9 Sep 2024)

Jack Chambers: A draft report was submitted to me for consideration during the summer, in line with the Review’s Terms of the Reference. The exact timing of the publication of the Funds Review report is yet to be determined.

Written Answers — Department of Finance: Departmental Staff (9 Sep 2024)

Jack Chambers: I wish to inform the Deputy that Parliamentary Assistants and Secretarial Assistants are employed by the Oireachtas rather than by my Department, and as such records below only pertain to positions on the Department of Finance payroll. The Salaries for these positions may be subject to incremental progression, and pay agreement changes over the course of a calendar year. In 2020, my...

Written Answers — Department of Finance: Ministerial Staff (9 Sep 2024)

Jack Chambers: I wish to inform the Deputy that there are currently three Special Advisers employed in my Department. Two of these advisers report to me and one Special Adviser reports to Minister of State Neale Richmond, T.D. The names, salaries and areas of expertise of all Special Advisers from 2020 to date are set out in tabular form, below. The salaries for these positions may be subject to incremental...

Written Answers — Department of Finance: Ministerial Staff (9 Sep 2024)

Jack Chambers: The information requested by the Deputy in relation to the amount paid to Ministerial advisers by my Department in respect of expenses for each year from 2020 to 2024 is set out in tabular for below. - 2020 Name Role Amount Ed Brophy Adviser to Minister 857.65 Aidan O'Connor Adviser to Minister of State 0.00 Caroline Hoffman Adviser to Minister of State ...

Written Answers — Department of Finance: Tax Reliefs (9 Sep 2024)

Jack Chambers: Under section 825C to the Taxes Consolidation Act 1997, the Special Assignee Relief Programme (SARP) provides Income Tax relief for certain individuals assigned to work in the State during any of the tax years 2012 to 2025. The aim of the relief is to reduce the cost to employers of assigning skilled individuals from foreign-based operations to take up positions in the Irish-based operations...

Written Answers — Department of Finance: Tax Reliefs (9 Sep 2024)

Jack Chambers: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Tax Code (9 Sep 2024)

Jack Chambers: I am advised by Revenue that they have been in correspondence with the solicitor acting for the individual, as far back as 2009. The individual was aware then that there was an Inheritance Tax liability to be paid to Revenue for this inheritance. The individual in question has been advised to submit a Capital Acquisitions Tax (“CAT”) Form IT38, in order to quantify the amount of...

Written Answers — Department of Finance: Gambling Sector (9 Sep 2024)

Jack Chambers: I propose to take Questions Nos. 355 to 357, inclusive, together. I am advised by Revenue that gaming machine licences may be applied for to cover a full year period, or a three month period. The number of gaming machine annual licences and three month licences issued to date in 2024, for each county, are set out in table 1. Table 1 County Gaming Machine Annual Licence Gaming Machine...

Written Answers — Department of Finance: Tax Yield (9 Sep 2024)

Jack Chambers: I am advised by Revenue that the receipts collected in respect of Fuel Taxes in each of the past ten years up to 2023 are published on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx The provisional receipts for the year to August 2024 are shown in the following table: January –...

Written Answers — Department of Finance: Tax Reliefs (9 Sep 2024)

Jack Chambers: Section 114 of the Taxes Consolidation Act (“TCA”) 1997 provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. The flat rate expense (“FRE”) regime is operated by Revenue on an administrative basis, where both a specific commonality of expenditure...

Written Answers — Department of Finance: Departmental Reviews (9 Sep 2024)

Jack Chambers: I note the Deputy's query in relation to the introduction of an individuals savings account scheme whether any changes are being considered in this regard. Last year, on 6 April 2023, my Department published the Terms of Reference for a review of Ireland’s funds sector - ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’. The review is wide...

Written Answers — Department of Finance: Tax Code (9 Sep 2024)

Jack Chambers: Capital Acquisitions Tax (CAT) is a tax which applies to both gifts and inheritances. For CAT purposes, the relationship between the person giving a gift or inheritance (i.e. the disponer) and the person who receives it (i.e. the beneficiary) determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. The Group A threshold is currently set at...

Written Answers — Department of Finance: Customs and Excise (9 Sep 2024)

Jack Chambers: Revenue, as Ireland’s Tax and Customs administration, is responsible for managing the importation and exportation of goods in accordance with European Union (EU) Customs legislation. I am advised by Revenue that the valuation of goods for Customs purposes i.e. the Customs Value, is set out in EU legislation and is the value of the goods plus the cost of transport and insurance. This...

Written Answers — Department of Finance: Tax Code (9 Sep 2024)

Jack Chambers: I note the Deputy's query in relation to the taxation of exchange traded funds (ETFs) and whether any changes are being considered in this regard. Last year, on 6 April 2023, my Department published the Terms of Reference for a review of Ireland’s funds sector - ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’. The review is wide ranging...

Written Answers — Department of Finance: Departmental Reviews (9 Sep 2024)

Jack Chambers: I note the Deputy's query in relation to the taxation of individuals savings and investments and whether any changes are being considered in this regard. Last year, on 6 April 2023, my Department published the Terms of Reference for a review of Ireland’s funds sector - ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’. The review is wide...

Written Answers — Department of Finance: Tax Code (9 Sep 2024)

Jack Chambers: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they are exempt from VAT or fall within Annex III of the Directive, in which case lower VAT rates may apply subject to certain rules. Currently Ireland...