Results 13,061-13,080 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Costs (15 Oct 2019)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation and my Department does not collect or publish the type of information being sought by the Deputy. However, the Central Statistics Office, does track the cost of insurance to consumers as part of the Consumer Price Index (CPI). My...

Written Answers — Department of Finance: Carbon Tax Implementation (15 Oct 2019)

Paschal Donohoe: As part of a joint research programme between the Department of Finance, the Revenue Commissioners and the Economic and Social Research Institute (ESRI), the ESRI published research on the impacts of increases in the carbon tax, including distributional impacts. This research paper can be accessed at: . I recognise that the research points to carbon tax increases disproportionately...

Written Answers — Department of Finance: Carbon Tax Implementation (15 Oct 2019)

Paschal Donohoe: In Budget 2020 I announced that the revenues from the increase in the carbon tax from €20 to €26 per tonne CO2 would be ring fenced and the funds used to: - Protect the most vulnerable in society; - Just Transition; and - Investing in low carbon transition On 9 October 2019, the Department of Public Expenditure and Reform published "The carbon tax increase - what it will be...

Written Answers — Department of Finance: Corporation Tax Regime (15 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 132, 156 and 157 together. The OECD is currently undertaking a significant project to address the tax challenges of the digital economy. The work is being divided across two Pillars – Pillar One and Pillar Two. I understand that the deputy is referring to the public consultation document published on 9 October in respect of the ‘Pillar...

Written Answers — Department of Finance: Tax Exemptions (15 Oct 2019)

Paschal Donohoe: I am advised by Revenue that two specific reliefs are provided for in section 134(1), Finance Act 1992 in respect of persons transferring their residence to the State and transferring a business into the State. Qualifying conditions are set out in Statutory Instrument No. 59 of 1993 Vehicle Registration Tax (Permanent Reliefs) Regulations, 1993 in respect of transfer of residence (regulation...

Written Answers — Department of Finance: Tax Data (15 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 134 to 136, inclusive, together. Regarding the Deputy's question on the amount of revenue raised from taxation on rental income in each of the years 2011 to 2018 and to date in 2019, I am informed by Revenue that income tax is calculated on the total income of a taxpayer; total income can arise from multiple income sources that are not separately identified on...

Written Answers — Department of Finance: Insurance Coverage (15 Oct 2019)

Paschal Donohoe: The Deputy will be aware that the provision of insurance is a commercial matter for insurance companies, which is based on a proper assessment of the risks they are willing to accept. This assessment will in many cases include insurers own presumptions based on their private modelling and research. Consequently, neither I, as Minister for Finance, nor the Central Bank can interfere in the...

Written Answers — Department of Finance: Insurance Costs (15 Oct 2019)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation and my Department does not collect the type of information being sought by the Deputy. I understand that the Central Bank does not collect such information either. Therefore, I am unable to provide the Deputy with information on the...

Written Answers — Department of Finance: Civil Service Staff Data (15 Oct 2019)

Paschal Donohoe: I wish to inform the Deputy that the number of full-time and part-time civil servants the Department of Finance has recruited by grade in each of the years 2014 to 2018 and to date in 2019; the number of full-time and part-time civil servants the Department of Finance has lost due to retirement by grade in the same period is outlined in the attached document. ">Recruitment

Written Answers — Department of Finance: Tax Data (15 Oct 2019)

Paschal Donohoe: I am advised by Revenue that the Stamp Duty charge on cheque payments in 2018 amounted to almost €13 million. Revenue has also confirmed that the annual cost to the Exchequer would be broadly similar if the charge was abolished.

Written Answers — Department of Finance: Universal Social Charge Application (15 Oct 2019)

Paschal Donohoe: Section 531AN of the Taxes Consolidation Act (TCA) 1997 provides for a reduced Universal Social Charge (USC) rate of 2% on all income above €12,012, where a person’s total income in a year does not exceed €60,000 and where the person is aged 70 or over or holds a full medical card. A rate of 0.5% on the first €12,012 of income applies to all taxpayers. Revenue...

Written Answers — Department of Finance: Budget 2020 (15 Oct 2019)

Paschal Donohoe: In Budget 2020 I announced policy changes to a number of taxation measures, to include Income Tax; Corporation Tax; Capital Gains Tax; and Excise Duties, with the objective of supporting Enterprise, SMEs and the Agri-sector. The combined cost (€30 million in 2020) of the policy changes was provided in the Budget 2020 Summary of Taxation Measures document, which was published on Budget...

Written Answers — Department of Finance: Fuel Rebate Scheme (15 Oct 2019)

Paschal Donohoe: The Diesel Rebate Scheme (DRS) was introduced in 2013 and offers a partial refund to qualifying road operators on the excise paid on diesel when the retail price is €1.00 (Vat exclusive) or above. The maximum rebate is 7.5 cents per litre when the retail price is €1.25 (Vat exclusive) or above. Certain qualifying criteria apply, for example, auto diesel must be purchased...

Written Answers — Department of Finance: Fiscal Compact Treaty (15 Oct 2019)

Paschal Donohoe: The article to which the Deputy refers concerns the EU fiscal rules, which are a key component of the architecture of European Monetary Union. The rules aim to preserve national fiscal autonomy but, at the same time, to constrain the fiscal stance of individual Member States in order to ensure fiscal sustainability and prevent negative spill-overs to other participants. The EU’s fiscal...

Written Answers — Department of Finance: Carbon Tax Implementation (15 Oct 2019)

Paschal Donohoe: The increase in carbon tax applied to auto diesel and petrol from midnight on Budget night. I have delayed the increase on all other fuels which the carbon tax is applied to until May 2020 after the winter heating season.

Written Answers — Department of Finance: Carbon Tax Exemptions (15 Oct 2019)

Paschal Donohoe: In my Budget 2020 speech, I announced an increase from €20 to €26 in the carbon tax. Following the approval of the Dáil, this increase has been applied to Mineral Oil Tax (MOT) rates for mineral oils used as auto-fuels (for cars and trucks) from midnight on 9 October 2019. All other MOT rates remain at their current levels until 1 May 2020 when new rates will take effect...

Written Answers — Department of Finance: Corporation Tax Regime (15 Oct 2019)

Paschal Donohoe: I am aware that on the matter of the effective corporate tax rate paid by corporations in Ireland, there have been seemingly conflicting figures and methodologies used in reference to Ireland. I would advise the Deputy that significant work has been undertaken on this matter by my own Department, by Revenue and by others. I am advised by Revenue that the effective rate of Corporation Tax...

Written Answers — Department of Finance: Tax Reliefs Costs (15 Oct 2019)

Paschal Donohoe: The Special Assignee Relief Programme (SARP) is an income tax incentive designed to help reduce the cost to employers of assigning skilled individuals in their companies from abroad, to take up positions in the Irish-based operations of their employer or an associated company, thereby facilitating the creation of jobs and the development and expansion of businesses in Ireland. As the...

Written Answers — Department of Finance: Tax Reliefs Data (15 Oct 2019)

Paschal Donohoe: The Special Assignee Relief Programme (SARP) is an income tax incentive designed to help reduce the cost to employers of assigning skilled individuals in their companies from abroad, to take up positions in the Irish-based operations of their employer or an associated company, thereby facilitating the creation of jobs and the development and expansion of businesses in Ireland. The number of...

Written Answers — Department of Finance: Tax Code (15 Oct 2019)

Paschal Donohoe: Ireland’s excise duty treatment of fuel used for air navigation is based on European law as set out in Directive 2003/96/EC on the taxation of energy products and electricity, commonly known as the Energy Tax Directive. Under this Directive, Member States are obliged to exempt certain fuels used for commercial aviation purposes from excise duty. The scope of this exemption must include...