Results 1,181-1,200 of 9,090 for speaker:Jack Chambers

Written Answers — Department of Finance: Fiscal Policy (4 Jul 2024)

Jack Chambers: I am pleased to report that Irish households are, on aggregate, in a strong financial position. Irish household deposits increased substantially during the Covid-19 pandemic, as public health restrictions limited expenditure whilst government supports helped maintain the link between employers and employees and protected household incomes. At the height of pandemic, the saving rate, the share...

Written Answers — Department of Finance: Fiscal Policy (4 Jul 2024)

Jack Chambers: This Government has balanced careful management of the public finances with addressing the important issues facing our country. We will continue to take this prudent but supportive approach in the forthcoming budget. As the deputy notes, inflation has been a particularly significant challenge for families in recent years. Inflation reached multi-decade highs in 2022, peaking at 9.6 per...

Written Answers — Department of Finance: Tax Code (4 Jul 2024)

Jack Chambers: SMEs are the foundation of the Irish economy, accounting for the majority of employment in the State. Their vital importance to our economy is reflected in our Programme for Government commitments. The tax system contains a number of incentives and reliefs designed to support SMEs. My predecessor, Minister McGrath, was proactive in both reviewing these measures and introducing targeted new...

Written Answers — Department of Finance: Departmental Data (4 Jul 2024)

Jack Chambers: The NTMA has informed me that the Greystones Media Campus is a privately funded project in which the Ireland Strategic Investment Fund (ISIF) is involved as a commercial investor. On foot of information provided to me by the NTMA, I can now provide you with some background and an update on developments related to the project. ISIF carefully evaluated for a number of years’ ways...

Written Answers — Department of Finance: Tax Collection (4 Jul 2024)

Jack Chambers: Firstly, it is important to clarify the position, which is that section 470 of the Taxes Consolidation Act 1997 (“TCA 1997”) provides for income tax relief in respect of payments made to authorised insurers under relevant contracts in respect of medical insurance and dental insurance. Qualifying medical insurance policies can be for health insurance, dental insurance or...

Written Answers — Department of Finance: Tax Collection (4 Jul 2024)

Jack Chambers: I understand that this Parliamentary Question relates to a situation where an individual is unable to avail of the Taxsaver scheme as their employer does not participate in the scheme and that the Deputy wishes to know whether the individual can avail of the scheme by another method. Section 118(5A) of the Taxes Consolidation Act 1997 (TCA) provides an exemption from benefit-in-kind (BIK)...

Written Answers — Department of Finance: Insurance Coverage (4 Jul 2024)

Jack Chambers: This Government remains strongly committed to achieving a competitive and sustainable insurance market. The Action Plan for Insurance Reform, a critical government initiative, is progressing well. Overseen by a Cabinet Committee Sub-Group on Insurance Reform, chaired by the Tánaiste, the plan has seen significant progress, with most actions either delivered or initiated. This coordinated...

Written Answers — Department of Finance: Tax Yield (4 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: Financial Instruments (4 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 203, 204 and 205 together. I assume the Deputy is referring to net Exchequer expenditure. Transfers to the SIF do not come out of the Central Fund and net Exchequer expenditure does not include transfers to the SIF. Transfers to the SIF come from PRSI receipts. As set out in the Ministers and Secretaries Act 2011, expenditure from the NTF forms part of...

Written Answers — Department of Finance: Departmental Data (4 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 206 and 207 together. The general government comprises the sub-sectors of central government, local government, and social security funds. Non-commercial semi-state bodies (NCSSBs) are classified within the central government subsector (S1311). The Central Statistics Office (CSO) is responsible for the compilation of the general government deficit and...

Written Answers — Department of Finance: Fiscal Policy (4 Jul 2024)

Jack Chambers: The Future Ireland Fund and Infrastructure Climate and Nature Fund Act 2024 was enacted on 18 June 2024. My officials are working with the Office of the Attorney General on the necessary commencement statutory instrument, which provide for the establishment of the two new funds. By the end of this year, on the basis of the transactions outlined below, over €10 billion will be...

Written Answers — Department of Finance: Tax Code (4 Jul 2024)

Jack Chambers: The Help to Buy (HTB) Scheme was introduced in 2017 with the purpose of assisting first-time buyers with the deposit required to purchase or self-build a new house or apartment to live in as their home. The relief is only available in respect of new builds, with a view to increasing the supply of new housing and stimulating demand. The incentive gives a refund of Income Tax and Deposit...

Written Answers — Department of Finance: Tax Data (4 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 210, 211, 212, 213, 221 and 230 together. 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...

Written Answers — Department of Finance: Tax Data (4 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 Data (4 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 (4 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 216 and 227 together. The Department of Finance has opened its pre-budget costings service 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...

Written Answers — Department of Finance: Tax Data (4 Jul 2024)

Jack Chambers: I am advised by Revenue that the distribution of liable residential property owners, as indicated in respect of Local Property Tax records for the valuation period 2022-2025, is set out in the table below. This breakdown of property owners reflects those with an LPT liability and excludes Local Authority, Approved Housing Bodies and exempt properties. These figures are provisional and subject...

Written Answers — Department of Finance: Tax Data (4 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 Data (4 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 219, 220 and 233 together. 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...

Written Answers — Department of Finance: Tax Data (4 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...