Results 11,541-11,560 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Exchequer Returns (22 Sep 2020)

Paschal Donohoe: As the Deputy will be aware, my Department publishes a full set of economic and fiscal forecasts twice a year, in the Stability Programme Update in the spring and in the Budget in October. My officials are currently producing an updated set of economic and fiscal forecasts as part of preparation for Budget 2021. These forecasts will be published in the Budget documentation and will...

Written Answers — Department of Finance: Tax Yield (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the Vehicle Registration Tax (VRT) receipts collected in 2019 and earlier years are published on the Revenue website at link: .

Written Answers — Department of Finance: Tax Collection (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the most recent data on the annual cost and the number of claimants of the Knowledge Development Box (KDB) for the years 2016, 2017 and 2018 are published on page 16 of Revenue’s paper on 2019 Corporation Tax payments and 2018 Corporation Tax returns at link: . A claimant company has a period of up to 24 months to make a claim for KDB relief. Therefore,...

Written Answers — Department of Finance: Tax Yield (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the available information is the yield from Stamp Duty on transactions in shares, stocks and marketable securities and is published at the following link: . This information is not separately available in relation to Irish incorporated companies only. For ease of reference, the 2019 figure shown is €383.62 million.

Written Answers — Department of Finance: Household Debt (22 Sep 2020)

Paschal Donohoe: According to the latest figures from the Central Bank’s Quarterly Financial Accounts, the net worth, or wealth, of households in Ireland stood at €791bn at the end of the first quarter of 2020, the latest available figures. This includes financial and housing assets, net of all liabilities. The value of total household assets excluding liabilities is €936bn. The table...

Written Answers — Department of Finance: Motor Insurance Data (22 Sep 2020)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. As such, my Department does not collect the type of information being sought by the Deputy. However, in order to address the Deputy's question, my officials contacted the Central Bank of Ireland (CBI) to request the most recent information from the National Claims Information...

Written Answers — Department of Finance: Tax Data (22 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 260 to 262, inclusive, together. Information relating to the various reliefs and exemptions are set out in the links below. The Deputy should be aware that some of the measures contained in the links are not exclusive to property owners, landowners and developers. It should also be noted that some are no longer available to new claimants. The figures set out...

Written Answers — Department of Finance: Tax Yield (22 Sep 2020)

Paschal Donohoe: The trading profits of companies in Ireland are generally taxed at the standard Corporation Tax rate of 12.5 %. Some of the main features of the current Corporation Tax regime are its simplicity and that it applies to a broad base. Changing this rate (or imposing additional levies on corporate profits) would involve increased complexity and could change the attractiveness of Ireland's...

Written Answers — Department of Finance: Property Tax (22 Sep 2020)

Paschal Donohoe: I am informed by Revenue that assuming the current system continues to operate as in 2020, Local Property Tax (LPT) would be expected to yield €485 million in 2021. These receipts would be lost if LPT was abolished.

Written Answers — Department of Finance: Irish Stock Exchange (22 Sep 2020)

Paschal Donohoe: Euronext Dublin, formerly the Irish Stock Exchange, publishes statistics and data related to trading activity on the Dublin based exchange on its website - . For 2019, the Euronext Dublin data available indicates there were approximately 8.8 million share trades with an estimated turnover of approximately €91.9 billion with both numbers based on double counting of trades.

Written Answers — Department of Finance: Irish Stock Exchange (22 Sep 2020)

Paschal Donohoe: The 12th Triennial Central Bank Survey of Foreign Exchange and Over-The-Counter Derivatives Markets was issued by the Bank of International Settlements in December of last year. This survey, conducted every three years since 1986, is the most comprehensive source of information on the size and structure of global foreign exchange and OTC derivatives markets. The survey is available on the...

Written Answers — Department of Finance: Universal Social Charge (22 Sep 2020)

Paschal Donohoe: My Department is currently undertaking work on a full set of economic and fiscal forecasts as part of the preparation for Budget 2021. In this process, my officials will make a projection of the 2020 outturn for Income Tax, including the component accounted for by the Universal Social Charge (USC) and will be able to provide the Deputy with the requested estimate at that stage. The...

Written Answers — Department of Finance: Universal Social Charge (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that an estimated €1.74bn is projected to be raised by the Universal Social Charge (USC) from taxpayer units earning more than €90,000 per annum. This is a pre-Budget 2021 estimate and is subject to revision.

Written Answers — Department of Finance: Tax Code (22 Sep 2020)

Paschal Donohoe: I am informed by Revenue that the available information in respect of second or multiple properties is included in the Ready Reckoner, published at .

Written Answers — Department of Finance: Tax Code (22 Sep 2020)

Paschal Donohoe: Companies in Ireland are mainly taxed at the standard corporation tax rate of 12.5 per cent. The higher corporation tax rate of 25 per cent applies to certain income of companies, mainly non-trading income. Additionally, a rate of 33 per cent applies to capital gains. There are different figures and methodologies used to calculate effective tax rates paid by companies in Ireland. While...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Sep 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which was provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, expired on 31 August 2020. The TWSS has now been replaced by the Employment Wage Subsidy Scheme (EWSS), which was legislated for under the recently enacted Financial Provisions (Covid-19) (No. 2) Act 2020. Notwithstanding any obligations imposed...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 78 and 82 together. I am aware of the concerns that have been raised regarding the pace of recovery for some sectors of the economy and that it has been suggested that the application of some of the new State supports should be delineated on the basis of explicit sectoral qualification criteria. However, I would note that the reality of COVID-19 is...

Written Answers — Department of Finance: Help-To-Buy Scheme (17 Sep 2020)

Paschal Donohoe: The Help to Buy incentive (HTB) is a scheme to assist first-time purchasers with a 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 (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. The enhanced level of support under the scheme,...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (17 Sep 2020)

Paschal Donohoe: I have been advised that a Supreme Court decision of 18thJune found in favour of two appellants against the Disabled Drivers Medical Board of Appeal’s refusal to grant the individuals Primary Medical Certificates (PMC). My officials are currently examining the judgement, in conjunction with the Attorney General’s Office, and will bring forward any policy and/or...

Written Answers — Department of Finance: Tax Data (17 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the amount received in respect of Sugar Sweetened Drinks Tax from 1 January 2019 to 31 December 2019 is €33 million. This information is published on the Revenue website at the following link: .