Results 1,161-1,180 of 9,158 for speaker:Jack Chambers

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

Jack Chambers: It is assumed that the Deputy is referring to the exemption from Deposit Interest Retention Tax (DIRT) for taxpayers aged 65 years or over, subject to certain exemption limits. As the Deputy will be aware, where an individual is aged 65 years or over, and their total income does not exceed the annual exemption limit of €18,000, interest may be received without paying DIRT. Where an...

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

Jack Chambers: As the Deputy is aware, 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...

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

Jack Chambers: The Deputy's question refers to a relief commonly known as 'CGT Retirement Relief'. In particular the Deputy refers to the relief available under section 599 of the TCA 1997 which grants relief to individuals who dispose of qualifying assets used in the course of a business or farm trade to a child, as defined in the section. Currently unrestricted relief is granted on the disposal of such...

Written Answers — Department of Finance: Tax Data (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...

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

Jack Chambers: I am advised by Revenue that the latest available full year information available in respect of Local Property Tax (LPT) is for the year 2023. The total number of properties for which returns and/or LPT payments have been made for the year 2023 is 1,981,824 to date. The table below shows a breakdown of these properties by valuation band. These figures include exempt and deferred properties...

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

Jack Chambers: In accordance with section 466A(1) Taxes Consolidation Act 1997 (“TCA 1997”), the home carer tax credit cannot be availed of by a spouse who is the full-time carer for their husband or wife. Section 466A TCA 1997 provides that the credit is available to jointly assessed married couples or civil partners where one spouse or civil partner (the ‘home carer’) stays...

Written Answers — Department of Finance: Tax Data (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...

Written Answers — Department of Finance: Tax Data (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...

Written Answers — Department of Finance: Tax Data (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...

Written Answers — Department of Finance: Tax Data (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...

Written Answers — Department of Finance: Tax Data (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...

Written Answers — Department of Finance: Tax Data (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...

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

Jack Chambers: I am advised by Revenue that the VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States may apply a...

Written Answers — Department of Finance: Banking Sector (9 Jul 2024)

Jack Chambers: The Central Bank of Ireland publishes quarterly statistics on the number and outstanding balance of mortgage accounts in Ireland. They are contained in the publication Residential Mortgage Arrears and Repossessions Statistics. The most recent statistics for the first quarter of 2024 were published on 5 July. At end March 2024, there were a total of 703,308 principal dwelling house (PDH)...

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

Jack Chambers: I wish to advise the Deputy that a deferred reply will be issued to him in respect of this Parliamentary Question, in line with Standing Order 51(1)(b).

Written Answers — Department of Finance: Customs and Excise (9 Jul 2024)

Jack Chambers: Revenue is committed to targeting the illicit tobacco trade and implements a range of measures to identify and target the smuggling, supply or sale of illicit tobacco, including duty free tobacco in excess of duty-free allowances, and where possible, prosecuting those involved. In its efforts to detect the importation of excess duty-free goods, Revenue uses a combination of risk analysis,...

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

Jack Chambers: I am advised by Revenue that the number of residential properties subject to a deferral of Local Property Tax payment for 2023, broken down by county, is set out in the table below. County Number of deferrals Carlow 137 Cavan 188 Clare 291 Cork 1,205 ...

Written Answers — Department of Finance: Housing Schemes (9 Jul 2024)

Jack Chambers: I am advised by Revenue that the table below presents a breakdown of the number of Help to Buy claims in relation to County Cork by month for 2024, based on the date of approval. The table outlines the number of claims as well as the total and average claim amount (payment) per month. Month Number Total Claim Amount (€m) Average Claim Amount...

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

Jack Chambers: I am advised by Revenue that recent issues experienced by taxpayers and agents filing 2023 Income Tax returns arose following a system update on 15 June but that these issues were fully rectified on 26 June. Returns are being filed and processed as normal since then. Revenue engaged with the tax practitioner bodies and some third-party software providers in relation to the issues during...

Written Answers — Department of Finance: Universal Social Charge (9 Jul 2024)

Jack Chambers: The Universal Social Charge (USC) was designed and incorporated into the Irish taxation system in 2011 to replace the Health and Income Levies. Its primary purpose was to widen the tax base and to provide a steady income to the Exchequer to provide funding for public services. It is a more sustainable charge than those it replaced and is applied at a low rate on a wide base, which ensures...