Results 10,281-10,300 of 32,593 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I will deal with the second question first. There is no change in the appeals process. If a case was successful in the appeals process a year ago, one should have every reason to think the same case would be successful in the appeals process again. There is no change in the appeals process as a result of the communication I have had with the HSE. As to whether this now means that the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I do not propose to agree to the proposed amendments. Notwithstanding that the help-to-buy scheme is scheduled to sunset at the end of next year, further support is needed in the delivery of new homes, as the situation remains as acute now as it was before and during the summer. Section 7 provides for the additional support to continue for 2021. As discussed, it is my proposal that the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: In response to the questions Deputy Pearse Doherty put to me, the definition of an affordable home depends on what part of the country one is in, what part of a city one is in and the level of income of a person who is looking to buy a home. That is the key factor in defining whether a home is affordable, and what the price of the affordable home is. The price will vary around the country.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: In response to the issue regarding 40% of people already having saved their mortgage deposit or a contribution to their mortgage, in any policy measure that one puts in place there are always going to be some who would benefit from the scheme, even if they did not need the benefit. That is the case in every policy that we evaluate. There are always going to be a percentage of people in any...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I will deal with Deputy Naughten's point first. He said that he wanted this incentive to be made available for vacant second-hand homes. If there is an issue with local authorities being unable or unwilling to purchase derelict properties and to then sell them on, the inclusion of such properties in the help to buy scheme will not have a big impact. The Minister for Rural and Community...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I thank the Deputy. If there is sharing information between this and related to those overseeing the trusts and the registration of trusts in our country, it will only be on an anonymised and overall basis. In keeping with the requirements of taxpayer confidentiality, the Revenue Commissioners will be using the granular information available to them to make sure that shares and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: The Revenue Commissioners publish top-line information in their annual report on the implementation of tax policy in particular areas and in features about taxpayers. I would anticipate that it could be possible to do that for this change as well. That is a matter for the Revenue Commissioners. Revenue will not be sharing sensitive taxpayer information beyond the organisation. They do not...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I think Deputy Canney signalled.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: The 2020 programme for Government contains several commitments related to working from home, including an examination of the feasibility and merit of changing tax arrangements to encourage more people to work remotely. The responsibility for this falls with my Department. There is also a commitment to the development of a national remote working strategy. To that end, an interdepartmental...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I will deal with each of the questions in turn. Deputy Mairéad Farrell asked about the original section 10 and the change being made in the seagoing naval tax credit. I am not suggesting for a moment that this is the Government's entire response to issues relating to the retention of naval personnel, particularly naval personnel who are at sea regularly. The Minister for Defence,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: Deputy Naughten understood the thrust of my response. I am sure there will be an opportunity to discuss all of this again on Report Stage. On Deputy Doherty's point about accelerated capital allowances, we are examining that. In the way he put his question, he recognised that it varies from company to company. There are companies which might move to a hybrid model in which their staff...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: The Deputy's amendments refer to reports on the tapering out of income tax credits at certain incomes and on the introduction of a high-income levy. The income tax reform plan published by my Department in July 2016 examined this issue due to the fact that A Programme for a Partnership Government contained a commitment to consider the removal of the PAYE credit for high earners as part of a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: Agreed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: Yes, that is correct. Section 11 refers to the CRSS.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I move amendment No. 9: In page 13, line 13, to delete "(18)" and substitute "(20)". I suggest that I speak about the group of amendments and then I can deal with questions from the committee on individual amendments that have been tabled in my name. With the permission of the committee I will speak on the group overall and after I have made my opening contribution on the group we can...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I thank all the Deputies. I will deal with the different points that have been put to me. As regards the first question put to me by Deputy Doherty, this is an advance trading credit. In that sense, it is not a grant. It is administered by the Revenue Commissioners. It is worth noting two things. First, there are other grant schemes that continue to run and I anticipate that they will...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: In response to Deputy Doherty and so that I am clear, this payment is going to these companies, many of which will receive it this week. It is similar to a grant. Grants are taxable as income. It is the case that one cannot claim against a loss twice. One cannot reduce a loss by use of this payment and then claim the same loss against one's tax liability for the year. This is a payment...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: Deputy Doherty made a point about the expansion of the scheme to parts of our economy that are significantly but indirectly affected by closed businesses. If he looks at the level of economic support we have provided in the round, he will see that, in terms of the scale of support and the number of policy measures, it is an overall package that compares strongly with what is available in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I believe the answer to the Deputy's question is "No". I propose to share with the committee, on Committee Stage, an example of how CRS would work in the circumstances the Deputy outlined in order that we will be better able to demonstrate the operation of the scheme in the circumstances to which he referred .

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I am going to try to get it done now. The fact that the Deputy asked whether I meant Report Stage makes me think I should have offered it then. It could be just a difference in understanding between the two of us in respect of the operation of the scheme. A worked-out example, which I will try to get done before Wednesday, could be of help. Because this is a new policy, it is leading to a...