Results 1,061-1,080 of 9,090 for speaker:Jack Chambers

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: As the Minister, Deputy Donohoe, has said we have a major demographic challenge in our country. Our population pyramid over previous years was defined as being very much a young and wide base, but this is now ageing quickly and we are seeing our population ageing comparatively in a very accelerated way compared with European countries that have a higher age demographic. This is why the...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: I thank Deputy Healy-Rae for his kind words at the start. I appreciate it. Turning to address the points made by the Deputy, significant work is ongoing across government on the Housing for All plan. The Minister, Deputy O'Brien, is working on it. Action has been taken specifically concerning landlords. The Deputy will be aware that in the Finance Act 2023 a measure was introduced...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: What are the policy measures to deliver that? The Deputy is saying that a tax credit would be one.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: I have given the Deputy the information of when it will be provided.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: We have a package of €1.4 billion and we still have to decide how that will be-----

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: On corporation tax, that demonstrates the volatility of the ten companies and why we are putting the money aside in the context of the future Ireland fund and the infrastructure, climate and nature fund. Depending on their profitability in a particular year, that will have an impact on the concentration. What we do know is that that concentration risk is continuing or becoming even greater...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: A full list of all tax expenditure will be provided on budget day.

Written Answers — Department of Finance: Departmental Strategies (10 Jul 2024)

Jack Chambers: The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme (DDS) is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. However, this is very much a matter for Government as...

Written Answers — Department of Finance: Universal Social Charge (10 Jul 2024)

Jack Chambers: I am advised by Revenue that they do not have information specifying the number of craft apprentices or their income levels. As such, I am advised that it is not possible for Revenue to calculate the revenue effects sought by the Deputy.

Written Answers — Department of Finance: Housing Schemes (10 Jul 2024)

Jack Chambers: Section 477C of the Taxes Consolidation Act 1997 (TCA) requires that applicants for the Help to Buy (HTB) scheme must be first-time purchasers, which is defined as: " 'first-time purchaser' means an individual who, at the time of a claim under subsection (3) has not, either individually or jointly with any other person, previously purchased or previously built, directly or indirectly, on...

Written Answers — Department of Finance: Housing Policy (10 Jul 2024)

Jack Chambers: Officials in my Department are in constant communication with officials in the Department of Housing, Local Government and Heritage. This engagement happens formally, through various groups such as the Housing for All Secretary General Delivery Group and the Housing for All Investment Group, as well as regular communication on an informal basis. The Report of the Housing Commission is...

Written Answers — Department of Finance: Covid-19 Pandemic (10 Jul 2024)

Jack Chambers: Following a loan request by the then Minister for Finance on behalf of the Government, Ireland received a total of €2.492 billion on 30 March 2021 under the SURE EU programme. SURE, which stands for Support to mitigate Unemployment Risks in an Emergency, was a specific financial instrument created by the European Union to protect jobs and workers’ incomes in the context of the...

Written Answers — Department of Finance: Tax Rebates (10 Jul 2024)

Jack Chambers: From my predecessor’s reply of 11 June 2024 to the Deputy’s previous question (25508/24) about the rules governing the reclaim by a farmer of VAT incurred on plastic water troughs, the Deputy will understand that the VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law must comply. The Value-Added Tax (Refund of Tax)(Flat-rate Farmers) Order...

Written Answers — Department of Finance: Tax Data (10 Jul 2024)

Jack Chambers: Ireland’s taxation of fuel and electricity is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). Four separate legislative frameworks provide for the application of excises to fuel and electricity. Liquid fuels and gas used as propellants are chargeable to Mineral Oil Tax (MOT). Natural gas used for all non-propellant...

Written Answers — Department of Finance: Tax Reliefs (10 Jul 2024)

Jack Chambers: Section 118(5G) of the Taxes Consolidation Act 1997 (TCA) provides for the Cycle to Work scheme. This scheme was introduced in 2009 and offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. Associated safety equipment may include items...

Written Answers — Department of Finance: Equal Opportunities Employment (10 Jul 2024)

Jack Chambers: I wish to advise the Deputy that the number and percentage of staff in my Department who have declared a disability is set out in the table below. My Department satisfied the 3% target of employing staff with disabilities and is aware of the increase in the targets to 6% to be achieved by 2025. My Department is committed to achieving this revised target. The Disability Census Form provided...

Written Answers — Department of Finance: Legislative Measures (9 Jul 2024)

Jack Chambers: The activities of non-bank entities are already regulated by the Central Bank in Ireland under the provisions of the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 as amended. The legislation ensures that relevant borrowers whose loans are sold to non-bank entities maintain the regulatory protections they had prior to the sale, including the protections provided by the...

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

Jack Chambers: The Department of Finance has opened its pre-budget costings service. This is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in...

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

Jack Chambers: I propose to take Questions Nos. 179, 186, 198 and 199 together. When forecasting tax revenues, measures introduced as part of prior budgets are considered to be part of the tax base. When a tax expenditure with a sunset clause in legislation expires, there is a corresponding increase in the tax revenue forecasts in a given year to reflect this. In the same manner, the expiration of a...

Written Answers — Department of Finance: Financial Instruments (9 Jul 2024)

Jack Chambers: All funds in the Social Insurance Fund investment account are currently invested in Irish sovereign debt in the form of exchequer notes. Consequently, the Social Insurance Fund investment account has no impact on the general government balance when held in Irish sovereign debt.