Results 961-980 of 9,537 for speaker:Jack Chambers

Written Answers — Department of Finance: Tax Reliefs (22 Oct 2024)

Jack Chambers: Section 469 of the Taxes Consolidation Act 1997 provides for tax relief where an individual proves that they incurred costs in respect of qualifying health expenses. Since 1 January 2009, income tax relief in respect of qualifying health expenses, with the exception of relief in relation to nursing home expenditure, has been granted at the standard rate of tax. Prior to that date, tax relief...

Written Answers — Department of Finance: Tax Code (22 Oct 2024)

Jack Chambers: I confirm that the National Car Testing (NCT) service and retesting service are liable to VAT at the standard rate, currently 23%. 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...

Written Answers — Department of Finance: Tax Code (22 Oct 2024)

Jack Chambers: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation. The HTB is a tax relief and not a grant, as such it is not taxable.

Written Answers — Department of Finance: Credit Unions (22 Oct 2024)

Jack Chambers: I thank the Deputy for his question. Government policy is to support and enable credit unions provide a full suite of financial services to all members of society. The core ethos of credit unions is to serve all its members and its community. As you are aware, credit unions in Ireland are authorised and governed under the Credit Union Act, 1997 (as amended by the 2023 Credit Union...

Written Answers — Department of Finance: Universal Social Charge (22 Oct 2024)

Jack Chambers: The Universal Social Charge (USC) was designed and incorporated into the Irish taxation system in 2011 to replace two other charges, namely the Health and Income Levies. Its primary purpose was to widen the tax base and to provide a steady income to the Exchequer to provide funding for public services. The USC is an individualised tax, meaning that a person’s liability to the tax...

Written Answers — Department of Finance: Tax Exemptions (22 Oct 2024)

Jack Chambers: I am advised by Revenue that, as payments to craft apprentices are not reported to Revenue on any tax returns, it does not have data from which to provide definitive estimates of the cost of the potential changes outlined by the Deputy. However, based on payroll data for 2023, Revenue tentatively estimates that the value of payments to craft apprentices while ‘off-the-job...

Written Answers — Department of Finance: Departmental Projects (22 Oct 2024)

Jack Chambers: I wish to inform the Deputy that as a relatively small policy-focussed department the Department of Finance did not request any additional funding under the National Development Plan review. Accordingly, no projects or related costs were submitted to the Department of Public Expenditure, NDP Delivery and Reform.

Written Answers — Department of Finance: Budget 2025 (22 Oct 2024)

Jack Chambers: I assume the Deputy is referring to pre-budget submissions received by my Department. The Taxation Divisions of my Department received almost 700 pre-budget submissions in relation to Budget 2025 and the Finance Bill. Some of these are duplicates sent in by different public representatives on behalf of the same organisation. The Department maintains a list of submissions received and all...

Written Answers — Department of Finance: Regional Development (22 Oct 2024)

Jack Chambers: I propose to take Questions Nos. 242 and 243 together. The National Treasury Management Agency (NTMA have informed me that In June 2022, the revised ISIF Impact Strategy was launched, with a focus on four key investment themes: climate, housing and enabling investments, scaling indigenous businesses, and food and agriculture. A particular focus includes initiatives with an ambition to...

Written Answers — Department of Finance: Departmental Bodies (22 Oct 2024)

Jack Chambers: I wish to advise the Deputy that there are two social enterprise representatives as members of the Credit Union Advisory Committee.

Written Answers — Department of Finance: Tax Rebates (22 Oct 2024)

Jack Chambers: The Deputy should note that the scheme referred to in his question is the Disabled Drivers & Disabled Passengers Scheme (DDS), for which my Department has oversight. The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and...

Written Answers — Department of Finance: Financial Services (22 Oct 2024)

Jack Chambers: The Central Bank regulates firms within its regulatory perimeter, and this has evolved over recent years as the financial services landscape evolves. Regulated firms may at times undertake both regulated and unregulated activities. The provision of unregulated products and services by regulated firms can result in customers not being aware of the nature of the product and service they...

Written Answers — Department of Finance: Public Sector Staff (22 Oct 2024)

Jack Chambers: I am advised by Revenue that there were 579 officers employed at the grade of Higher Executive Officer (HEO) in tax specialist roles in 2023. As of 18 October 2024, the number of HEOs employed in tax specialist roles was 551. This is set out in tabular form below: Grade 2023 2024 HEO (Tax Specialists*) 579 551 * ...

Written Answers — Department of Finance: Departmental Properties (22 Oct 2024)

Jack Chambers: I wish to advise the Deputy that my Department is provided with accommodation by the OPW and does not own any properties.

Written Answers — Department of Finance: Tax Yield (22 Oct 2024)

Jack Chambers: I propose to take Questions Nos. 250 to 252, inclusive, and 255 together. I am advised by Revenue that the Excise Duty receipts collected in respect of Fuel Taxes in each of the past five years up to 2023 are published on the Revenue website at: . The provisional receipts for the year to September 2024 are shown in Table 1: Table 1 : Excise Duty Receipts: January – September...

Written Answers — Department of Finance: Official Engagements (22 Oct 2024)

Jack Chambers: No meeting has taken place with Fuels for Ireland since my appointment as Minister for Finance.

Written Answers — Department of Finance: Financial Services (22 Oct 2024)

Jack Chambers: The Financial Services and Pensions Ombudsman (FSPO) is an important part of the robust consumer protection framework in place in Ireland to support consumers of financial products and services. It is an independent and impartial statutory body that helps to resolve complaints from consumers, including small businesses and other organisations, about the conduct of regulated financial...

Written Answers — Department of Finance: Revenue Commissioners (22 Oct 2024)

Jack Chambers: I am advised by Revenue that the Criminal Justice (Surveillance) Act 2009 authorises a small number of public bodies, including Revenue, to undertake surveillance of persons, places or vehicles using surveillance devices. It provides that Revenue’s powers under the Act may be used in respect of a Revenue offence, that is an arrestable offence, under section 14 of the Customs Act...

Written Answers — Department of Finance: Tax and Social Welfare Codes (17 Oct 2024)

Jack Chambers: Carer's Allowance is a means-tested payment for carers who look after individuals in need of care and attention on a full-time basis. The Carer's Allowance, in common with many other social welfare payments, is regarded as a taxable source of income. The level of tax payable, if any, on such income is then determined by the personal circumstances of the recipient, taking into account...

Written Answers — Department of Finance: Tax Code (17 Oct 2024)

Jack Chambers: In general, plant-based drinks are subject to VAT at the standard rate, which is currently 23%. Finance Bill 2024 proposes an amendment to the legislation in this area in order to bring some additional clarity but, importantly, the amendment will not make any change to current taxation of any products. The Deputy is asking about the VAT rate for milk alternatives. Under VAT...