Results 1,281-1,300 of 9,563 for speaker:Jack Chambers

Written Answers — Department of Finance: Departmental Policies (18 Sep 2024)

Jack Chambers: I note the issues raised by the Irish Hairdressing Council. The only issue which I have any direct input into in this correspondence is the VAT rate. 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 the subject of Budget decisions.

Written Answers — Department of Finance: Tax Reliefs (18 Sep 2024)

Jack Chambers: I am advised by Revenue that information in respect of project-level eligible expenditure in relation to a single year is not available. Revenue tracks the cost for section 481 projects based on when claims are made, and in any single year, claims may be made, and payments made, in respect of projects certified across multiple years. As such, there is no basis upon which to prepare an...

Written Answers — Department of Finance: Artificial Intelligence (18 Sep 2024)

Jack Chambers: I propose to take Questions Nos. 171 and 172 together. I can confirm to the Deputy that the Government approved Interim Guidelines for the Use of Artificial Intelligence (AI) in the Public Service earlier this year. I can confirm that this was circulated to all staff within my department in January 2024. These guidelines established that AI tools used in the civil and public service must...

Written Answers — Department of Finance: Office of the Ombudsman (18 Sep 2024)

Jack Chambers: The Financial Services and Pensions Ombudsman (FSPO) is an independent, impartial, fair and free service that helps resolve complaints against financial service and pension providers from consumers and small businesses. It plays an important role in the robust financial consumer protection framework that supports consumers of financial services in Ireland. During 2023, the FSPO received...

Written Answers — Department of Finance: Tax Reliefs (18 Sep 2024)

Jack Chambers: I propose to take Questions Nos. 174 and 198 together. Finance Act 2018 introduced a short-term, tapered regional uplift under section 481 for productions being made in areas designated under the State aid regional guidelines (among other criteria). The purpose of the regional uplift was to support the development of new, local pools of talent in areas outside the current main production...

Written Answers — Department of Finance: Tax Reliefs (18 Sep 2024)

Jack Chambers: Section 118(5G) of the Taxes Consolidation Act 1997 (TCA) provides for the Cycle to Work Scheme. This scheme offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. Associated safety equipment may include items such as helmets, lights,...

Written Answers — Department of Finance: Insurance Coverage (18 Sep 2024)

Jack Chambers: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. In terms of the challenges associated with obtaining flood cover, please be aware that the provision of such cover is a commercial matter for insurance companies, based on an actuarial assessment of the risks they are...

Written Answers — Department of Finance: Consumer Rights (18 Sep 2024)

Jack Chambers: Responsibility for policy and operational matters on bankruptcy and personal insolvency is a matter for my colleague the Minister for Justice but I can indicate that, generally speaking, a cooperating debtor will normally be automatically discharged from bankruptcy after a period of one year. The Credit Reporting Act 2013 provided for the establishment and operation of the Central...

Written Answers — Department of Finance: Tax Code (18 Sep 2024)

Jack Chambers: The age exemption limits were lasted increased in Budget 2008, however, as part of a suite of structural measures to deliver fiscal consolidation in Budget 2011, the age exemption limits were reduced from €20,000 to €18,000 per annum for single persons and from €40,000 to €36,000 per annum for married couples or civil partnerships, and they have remained at these...

Written Answers — Department of Finance: Business Regulation (18 Sep 2024)

Jack Chambers: Section 731 of the Companies Act, 2014 provides for the application by a director for Voluntary Strike Off of a company (i.e. one way to wind up a company) from the Register of Companies held by the Companies Registration Office (CRO). It also sets out the requirements to be met by the company, for an application to be considered. One of the CRO requirements is for the applicant company...

Written Answers — Department of Finance: Tax Code (18 Sep 2024)

Jack Chambers: The VAT rating of goods and services is subject to the requirements of 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 lower rate of...

Written Answers — Department of Finance: Banking Sector (18 Sep 2024)

Jack Chambers: The total recapitalisation of the domestic banks amounted to €64.1bn, of which €34.7bn was invested in Anglo Irish Bank and INBS which became Irish Bank Resolution Corporation (IBRC) and €29.4bn in AIB, Bank of Ireland and PTSB. To date, €26.1bn of the investment in the three remaining banks has been recovered in cash by way of disposals, investment income and...

Written Answers — Department of Finance: National Asset Management Agency (18 Sep 2024)

Jack Chambers: In March 2010, the National Asset Management Agency (NAMA) borrowed €49 million from the then Minister for Finance to inject ordinary equity into the special purpose vehicle, National Asset Management Agency Investment Limited. This sum plus accrued interest was repaid by NAMA to the Minister for Finance in February 2011. In addition, in May 2010, NAMA borrowed €250m from the...

Written Answers — Department of Finance: Tax Yield (18 Sep 2024)

Jack Chambers: I am advised by Revenue that the receipts collected in respect of Fuel Taxes, including those used as propellant, in each of the past three years up to 2023 are published on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx. Table 1 below details the provisional yield to date for...

Written Answers — Department of Finance: Tax Yield (18 Sep 2024)

Jack Chambers: I am advised by Revenue that the amounts collected in Carbon Tax in each month since its establishment are shown in the following tables. Month 2024 €m* 2023 €m 2022 €m 2021 €m 2020 €m Jan 85.6 78.2 64.5 56.1 46.6 Feb 100.8...

Written Answers — Department of Finance: Apple Escrow Account (18 Sep 2024)

Jack Chambers: The costs to the State for the Apple case to summer 2024 are approximately €10.3 million of which approximately €4.2 million relates to the recovery process. These fees have been paid by various State entities over the course of the case. It is not possible to estimate the final costs of the case at this time. I would also note that fees paid to investment management and...

Written Answers — Department of Finance: Apple Escrow Account (18 Sep 2024)

Jack Chambers: I assume the Deputy is referring to payments arsing from the recent Court of Justice of the European Union (CJEU) judgment which confirmed the application of the 2016 European Commission's State aid Decision. As the Deputy will be aware, following the Commission's decision Ireland was required to recover the alleged State aid from Apple. The total amount to be recovered was calculated by...

Written Answers — Department of Finance: Tax Collection (18 Sep 2024)

Jack Chambers: I am informed by Revenue that section 851A of the Taxes Consolidation Act 1997 prohibits it from disclosing any information relating to the tax affairs of individual taxpayers. However, as a general statement it is important to realise that tax rulings (or as they are generally referred to in Ireland “opinions/confirmations”) are provided to (i) give certainty to taxpayers as...

Written Answers — Department of Finance: Apple Escrow Account (18 Sep 2024)

Jack Chambers: Information in relation to the Ireland’s legal arguments was published on the Department of Finance website in 2016 and 2020 and remains available at www.gov.ie/en/news/23687a-overview-of-irelands-position-at-t he-oral-hearing-at-the-general-cou/ and www.gov.ie/en/press-release/1ea8e2-ireland-publishes-legal-a rguments-in-apple-state-aid-case/. There is no current intention to...

Written Answers — Department of Finance: Tax Collection (18 Sep 2024)

Jack Chambers: I propose to take Questions Nos. 189 and 190 together. Section 291A of the Taxes Consolidation Act 1997 (TCA) provides relief in the form of capital allowances against trading income on the capital expenditure incurred by companies on the provision of intangible assets for the purposes of a trade. The scheme applies to a broad range of intangible assets (e.g. patents, copyright,...