Results 13,681-13,700 of 33,280 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 60: In page 64, line 9, to delete “paragraph (a)” and substitute “paragraph (b)(i)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 61: In page 65, to delete lines 13 to 18 and substitute the following: “(a) dividends and manufactured payments, (b) interest, including any discounts or amounts which would be treated as interest under Part 8A, notwithstanding that no election is made under section 267U, (c) the amount of payments that are equivalent to interest under an arrangement...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 62: In page 66, line 26, to delete “the payment is not” and substitute “a corresponding amount has not been”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 63: In page 66, to delete lines 33 to 37 and substitute the following: “(I) in a case in which the non-inclusion arises because of any provision of the Tax Acts or the Capital Gains Tax Acts, in calculating the amount on which the payee is charged to tax, that provision shall be disapplied, insofar as it provides for the non-inclusion, and”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 64: In page 67, line 32, to delete “the payment is not” and substitute “a corresponding amount has not been”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 65: In page 68, line 13, to delete “the payment is not” and substitute “a corresponding amount has not been”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 66: In page 70, line 9, after “tax” to insert the following: “for so much of the payment as corresponds to the mismatch outcome which has not been neutralised in another territory”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 67: In page 71, line 3, after “deduction” to insert “for the purposes of domestic tax”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 68: In page 71, line 23, to delete “835AH” and substitute “835AI”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 69: In page 71, line 37, after “deduction” to insert “for the purposes of domestic tax”.

Finance Bill 2019: Financial Resolutions (24 Oct 2019)

Paschal Donohoe: I move the following Resolutions: THAT Chapter 4 of Part 5 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which relates to other benefit in kind charges, be amended in sections 121 and 121A in the manner and to the extent specified in the Act giving effect to this Resolution.”

Written Answers — Department of Finance: Legislative Programme (24 Oct 2019)

Paschal Donohoe: As I have stated recently in this House, the need to rebuild trust in the Banking sector is a priority for this Government. The Central Bank (Amendment) Bill will increase individual accountability in the financial sector. The proposed legislation will drive positive changes in terms of wider banking culture and enhanced accountability, while simplifying the taking of sanctions...

Written Answers — Department of Finance: Legislative Programme (24 Oct 2019)

Paschal Donohoe: The purpose of the Central Bank (Amendment) Bill is to increase individual accountability in the financial sector. The proposed legislation will drive positive changes in terms of wider banking culture, greater delegation of responsibilities, and enhanced accountability while simplifying the taking of sanctions against individuals who fail in their financial sector roles. My...

Written Answers — Department of Finance: Insurance Costs (24 Oct 2019)

Paschal Donohoe: I am aware of the issues facing some businesses when it comes to the affordability and availability of insurance, and I have a lot of sympathy with regard to the business in the details supplied, which I agree provides an important service in its particular field. I understand that the issue related to in the details supplied has been exacerbated by the announcement of a UK-based...

Written Answers — Department of Finance: VAT Rate Application (24 Oct 2019)

Paschal Donohoe: As the Deputy is aware, food supplement products are currently subject to VAT at the standard rate of VAT (23%). Shortly after the introduction of VAT, Revenue allowed the zero rate to be applied to certain food supplement products (vitamins, minerals and fish oils). This concessionary approach expanded as the market developed over the years and resulted in the zero rating by Revenue of...

Written Answers — Department of Finance: Tax Credits (24 Oct 2019)

Paschal Donohoe: I am advised by Revenue that the cost of increasing the Home Carer Tax Credit by the amounts requested by the Deputy are set out in the following table. I announced in my Budget speech that the Home Carer Tax Credit will be increased to €1,600 per year from 2020. Home Carer Tax Credit Increase € Home Carer Tax Credit Value € First Year...

Written Answers — Department of Finance: Budget 2020 (24 Oct 2019)

Paschal Donohoe: The various tax measures introduced in Budget 2020 are listed in ‘Budget 2020 Tax Policy Changes’ published at Budget time. Excluding the Carbon tax — the proceeds of which will be ring-fenced for climate-related investment and to safeguard against any potential impacts for those most at risk — the net impact of these measures in 2020 is an increase in taxes of c....

Written Answers — Department of Finance: Rainy Day Fund (24 Oct 2019)

Paschal Donohoe: In my Budget 2020 speech, I set out that a disorderly Brexit is now the baseline scenario for budget planning purposes, and therefore a budget deficit is in prospect. On that basis, I decided that there will be no transfer of €500 million from the Exchequer this year to the National Surplus (Exceptional Contingencies) Reserve Fund (the Rainy Day Fund)....

Written Answers — Department of Finance: Rainy Day Fund (24 Oct 2019)

Paschal Donohoe: I have decided that there will be no transfer of €500 million from the Exchequer in 2020 to the National Surplus (Exceptional Contingencies) Reserve Fund (the Rainy Day Fund). The €500 million of Exchequer funding not being transferred to the Rainy Day Fund will remain as Exchequer cash balances and therefore will be used to meet the Exchequer...

Written Answers — Department of Finance: Rainy Day Fund (24 Oct 2019)

Paschal Donohoe: The Deputy is correct that annual transfers to the Rainy Day Fund will not impact on the General Government Balance, as they are considered a within government transaction and not counted as general government expenditure. However, such transfers will represent expenditure from the Exchequer account and will, hence, impact the Exchequer balance. As I outlined on Budget day, a...