Results 1,161-1,180 of 34,832 for speaker:Seán Fleming

Ceisteanna Eile - Other Questions: Tax Code (28 Apr 2022)

Seán Fleming: I thank the Deputy for raising this issue. The section 481 tax relief provides a 32% payable credit for eligible expenditure on film production in Ireland. The expenditure has to be incurred in Ireland, meaning the benefit of the jobs and employment is here in Ireland. Historically, there was a situation where some of the expenditure did not have to be incurred in the State so the benefit...

Ceisteanna Eile - Other Questions: Tax Code (28 Apr 2022)

Seán Fleming: With regard to any specific workplace disputes, including the accusation of the abdication of any duty that befalls the company by law, the Workplace Relations Commission and the Labour Court are the organs of the State tasked to deal with the resolution of such matters. It is appropriate that any relevant claims be referred to those bodies for adjudication. There are no immediate plans in...

Ceisteanna Eile - Other Questions: Tax Code (28 Apr 2022)

Seán Fleming: Should a producer company or qualifying company fail to adhere to a condition or obligation specified, the certificate granted by the Department may be rendered invalid and any credit claim may be subject to recoupment by Revenue under section 481. The companies must comply with that.

Ceisteanna Eile - Other Questions: Tax Code (28 Apr 2022)

Seán Fleming: There can be a serious financial penalty. Maybe that has not happened because some of these regulations or new rules only came in last year. Ultimately, Revenue makes the final call on this and it has to be satisfied that all these conditions are met before it, on behalf of the taxpayer, hands out the money. The DAC is required to remain in legal existence for at least 12 months post the...

Ceisteanna Eile - Other Questions: Tax Code (28 Apr 2022)

Seán Fleming: Yes, but-----

Ceisteanna Eile - Other Questions: Tax Code (28 Apr 2022)

Seán Fleming: The company is in existence for 12 months after the completion of the production. That is the period of time in which the case must be taken.

Ceisteanna Eile - Other Questions: Fiscal Policy (28 Apr 2022)

Seán Fleming: I understand this question may have already been taken.

Ceisteanna Eile - Other Questions: Fiscal Policy (28 Apr 2022)

Seán Fleming: This question proposes a tax or other measures to counteract the accelerating cost of living in all areas. This issue has been raised this morning, twice in Private Members' business this week and again in the motion yesterday. It has been the essence of four debates in the Dáil this week alone. I can reiterate everything I have said for the last hour and a half, which dealt...

Ceisteanna Eile - Other Questions: Fiscal Policy (28 Apr 2022)

Seán Fleming: Question No. 22 related to direct and indirect taxes. There were a series of measures in last year's budget, going up to this week, relating to the cost of living and helping people with cost-of-living issues. The Minister has indicated that there are no further measures planned until budget day.

Ceisteanna Eile - Other Questions: Banking Sector (28 Apr 2022)

Seán Fleming: I understand what the Deputies opposite are saying. As I said earlier, there are regular meetings with the Department of Finance about this process. I spoke to Ms Derville Rowland on the matter just a fortnight ago. Everybody in the Department and at the Central Bank, which will be at the forefront of facing these issues in conjunction with the banks, understands the issue. Banking...

Ceisteanna Eile - Other Questions: Inflation Rate (28 Apr 2022)

Seán Fleming: I thank the Deputy for raising the matter. I do not have a prepared response to his question. Most of the issues he has raised have been dealt with by way of motions in this House. There have already been two such motions this week. There were resolutions last night with respect to Revenue issues. The debate we have had this morning has covered a number of issues around the cost of...

Ceisteanna Eile - Other Questions: Inflation Rate (28 Apr 2022)

Seán Fleming: A social welfare Bill is not required to bring a social welfare package through the House. We have seen that with respect to taxation and we saw it on several occasions with respect to Covid-19. I already mentioned the free fuel allowance. The scheme was extended by a number of weeks, which was worth more than €1,000 to the 390,000 people who are in receipt of that payment. That is...

Ceisteanna Eile - Other Questions: Inflation Rate (28 Apr 2022)

Seán Fleming: In case some people did not hear my earlier response, I reiterate that the Government has introduced the energy credit which effects everybody the Deputy has spoken about. The lump sum of €125 for the fuel allowance will be paid to 390,000 people. That scheme has already been extended by a number of weeks. There will be a temporary reduction in public transport fares and many,...

Ceisteanna Eile - Other Questions: Cost of Living Issues (28 Apr 2022)

Seán Fleming: I thank the Deputy for his question. As I have said, there were four measures introduced, starting with the budget. The February and March measures were followed by the most recent set of changes. The Minister for Finance has made it clear that this is the final intervention until the next budget. There are no further interventions planned over the summer months. These measures are...

Ceisteanna Eile - Other Questions: Banking Sector (28 Apr 2022)

Seán Fleming: I thank the Deputy for raising this question. It is a matter that is relevant for many people. While it is regrettable that Ulster Bank and KBC Bank have decided to exit the Irish market, the Deputy will understand that the Minister for Finance does not have a role in relation to the commercial decisions of the banks. The Minister's priority is to ensure each bank withdraws from the market...

Ceisteanna Eile - Other Questions: Banking Sector (28 Apr 2022)

Seán Fleming: The letter issued by the Central Bank to the organisations I mentioned in passing seeks to reinforce and, to any extent necessary, clarify the application of the expectations of the Central Bank's previous letter of June 2021 and to invite the CEOs to a round-table meeting hosted by the director general of financial conduct affairs, Ms Derville Rowland. The following are the key issues and...

Ceisteanna Eile - Other Questions: Credit Unions (28 Apr 2022)

Seán Fleming: Since the Government came to office we have had detailed consultation with all the representative bodies in the credit union, several rounds of consultation culminating in a recent meeting I chaired with all the representative bodies. There is agreement across that entire group on 15 changes that will help the credit unions. We are starting to draft the legislation for those. There is much...

Ceisteanna Eile - Other Questions: Credit Unions (28 Apr 2022)

Seán Fleming: That is an interesting point. Both those organisations deal with the Department of Finance. An Post has a good arrangement with AIB and Bank of Ireland for dealing with its cash business and everything like that. Especially as Ulster Bank is withdrawing from Ireland and the other banks have announced many branch closures, there is a fantastic opportunity for credit unions. In many towns...

Ceisteanna Eile - Other Questions: Research and Development (28 Apr 2022)

Seán Fleming: The Deputy might give me a moment. We have jumped quite a few questions because people are not here this morning and I want to get my folder in order. I thank him for raising the issue. The research and development tax credit allows companies to claim a 25% tax credit in respect of expenditure incurred on qualifying R&D activities. To conclude our conversation of a few moments ago...

Ceisteanna Eile - Other Questions: Research and Development (28 Apr 2022)

Seán Fleming: The Deputy will appreciate I do not have the full schedule of costs. I am making a note to get that information from the Department through contact with the Revenue Commissioners. The latter will have the information on the number of businesses taking up that relief readily to hand. Through my office, I will ask for that information to be obtained and forwarded to the Deputy.