Results 1,161-1,180 of 9,537 for speaker:Jack Chambers

Written Answers — Department of Finance: Departmental Data (1 Oct 2024)

Jack Chambers: I am advised by Revenue that the number of Category A vehicles registered for VRT with an open market selling price (OMSP) between €70,000 and €100,000, and above €100,000, to the end of August 2024 is provided in the following table. These figures are provisional. Time period OMSP between €70,000 and €100,000 OMSP >...

Written Answers — Department of Finance: Official Engagements (1 Oct 2024)

Jack Chambers: In the time available, the diaries of the offices of the Minister for Finance and of the Minister of State at the Department of Finance have been examined in line with the Deputy’s question. The records show that the former Minister of State at the Department of Finance, Deputy Jennifer Carroll MacNeill, attended a lunchtime meeting with the former Israeli Ambassador to Ireland,...

Written Answers — Department of Finance: Departmental Consultations (1 Oct 2024)

Jack Chambers: No advice, briefings or consultations with communications consultants, public relations or affairs firms have been sought or paid for by the Department of Finance in 2022, 2023 or to date in 2024.

Finance (Provision of Access to Cash Infrastructure) Bill 2024: Second Stage (26 Sep 2024)

Jack Chambers: I move: "That the Bill be now read a Second Time." The Department of Finance's retail banking review, published in November 2022, concluded that despite a decline in its usage, cash remains an important element of the payments system and the broader economy and that it is essential that cash remains readily available to customers through ATMs and other means across the country. The...

Written Answers — Department of Finance: Revenue Commissioners (26 Sep 2024)

Jack Chambers: I am advised by Revenue that an incorrect code was used during the registration of the vehicle concerned. Revenue was made aware of the issue on 23 September 2024, following which the vehicle’s record was corrected and updated to the system overnight. I can further advise that Revenue has made contact with the person concerned advising that the matter is now resolved, and the vehicle...

Written Answers — Department of Finance: Apple Escrow Account (26 Sep 2024)

Jack Chambers: While Ireland’s demographic profile is relatively favourable at present, it is set to age rapidly over the coming decades bringing us closer to the EU norms. While it is, of course, a very positive development that people in Ireland are living longer, healthier lives, it is important that we understand the significant impact these trends will have for our economy, public finances as...

Written Answers — Department of Finance: Apple Escrow Account (26 Sep 2024)

Jack Chambers: There were important matters of principle that drove the Government's decision to seek an annulment of the European Commission's 2016 State aid Decision. These remain valid, despite the final judgment reconfirming this Commission’s Decision. While Ireland of course accepts and is implementing the Court of Justice of the European Union's judgment, it was important that Ireland defended...

Written Answers — Department of Finance: Charitable and Voluntary Organisations (26 Sep 2024)

Jack Chambers: In advance of the Budget, as Minister for Finance I receive a large number of pre-budget submissions on a wide range of issues. All submissions are acknowledged by my Department on receipt. I can confirm the pre-Budget submission to which the Deputy refers was received and an acknowledgment issued on Monday, 23 September 2024. The contents will be considered in the context of the...

Written Answers — Department of Finance: Insurance Industry (26 Sep 2024)

Jack Chambers: At the outset, I wish to reassure the Deputy that I recognise the concerns felt by many thatched property owners across the country around the cost and availability of insurance cover for their properties. However, it is important to note that neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products. I can assure the Deputy that this...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: The age exemption applies for any year of assessment where an individual is aged 65 years or over and his or her total income does not exceed €18,000 per annum. Where an individual is a married person or civil partner and is jointly assessed to tax, the age exemption will apply where either individual is aged 65 or over and where the couple’s total income does not exceed...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: Overall, the policy objective for tax relief on pension contributions is to encourage individuals to save for retirement; to help meet a targeted level of supplementary pension coverage and income replacement; and to assist in preventing an over-reliance on State support for citizens in later life. Accordingly, pensions already have their own special treatment within the tax system to...

Written Answers — Department of Finance: Departmental Policies (26 Sep 2024)

Jack Chambers: I propose to take Questions Nos. 131, 132 and 136 together. Ireland’s equity markets are diverse encompassing both public and private equity market participants and a wider ecosystem which includes a large number of professional services firms. It is clear that public equity markets in Europe, including Ireland, have been facing significant challenges over the last decade due to a...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: Capital Gains Tax (‘CGT’) Retirement Relief applies to gains arising on the disposal of qualifying business or farming assets which are relieved from CGT where the person disposing of the asset(s) is aged 55 or over and both owned and used the asset(s) for the ten years prior to the disposal. The relief may apply on the transfer of business or farming assets within the family,...

Written Answers — Department of Finance: Budget 2025 (26 Sep 2024)

Jack Chambers: Each year since 2009, Revenue, in conjunction with the ’s National Tobacco Control Office, has commissioned Ipsos MRBI to conduct independent market research among smokers about the source of their cigarettes. The survey is an independent research study into illegal tobacco products behaviour patterns, the purpose of which is to estimate the volume of non-Irish duty paid cigarettes...

Written Answers — Department of Finance: Budget 2025 (26 Sep 2024)

Jack Chambers: In coming to a decision on any policy matter I will of course take all strands of relevant considerations into account including impacts on public health, the environment, social impacts and the exchequer. However, as the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the budget, on any tax matters that might be subject to...

Written Answers — Department of Finance: Economic Policy (26 Sep 2024)

Jack Chambers: The Capital Markets Union (CMU) is a project which aims to deepen and further integrate Europe’s capital markets, support growth and enhance the resilience of the financial system. For Ireland, CMU has the potential to widen the sources of available funding for our companies as well as provide opportunities for our export-oriented financial services sector to contribute to a more...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: I note the Deputy's query regarding the eight-year deemed disposal and it's impact on investors. Finance Act 2006 introduced the eight-year deemed disposal for all investments that benefit from gross roll-up: that is, investments in Irish funds, investments in life policies and investments in offshore funds that were similar to Irish funds. The eight-year deemed disposal was introduced...

Written Answers — Department of Finance: Ministerial Staff (26 Sep 2024)

Jack Chambers: I wish to inform the Deputy that the details of all Special Advisors during my period in office as the Minister for Finance are set out in the Table below: Role Equivalent Grade Point on Scale Duration Special Advisor to the Minister for Finance (Minister Jack Chambers, T.D.) Principal Officer 4 26/06/2024 - present ...

Written Answers — Department of Finance: Housing Schemes (26 Sep 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. HTB, as provided for by section 477C of the Taxes Consolidation Act...

Written Answers — Department of Finance: State Bodies (26 Sep 2024)

Jack Chambers: The Irish Fiscal Advisory Council ("the Council") was first set up on a non-statutory basis as part of the reform of Ireland’s budgetary architecture in 2011. It was established in law the following year, with the enactment of the Fiscal Responsibility Act 2012. The Irish Fiscal Advisory Council ("the Council") is an independent statutory body. The Council makes a valuable...