Results 13,761-13,780 of 33,280 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Fuel Rebate Scheme (17 Oct 2019)

Paschal Donohoe: The Diesel Rebate Scheme (DRS) was introduced in 2013 offering a partial refund to qualifying road operators on the excise paid on diesel when the retail price reaches €1.00 (Vat exclusive) or above. There is a maximum rebate of 7.5 cents per litre when the retail price is €1.25 (Vat exclusive) or above.   In recognition of the challenges...

Written Answers — Department of Finance: Brexit Expenditure (17 Oct 2019)

Paschal Donohoe: The Rainy Day Fund (RDF), which has the statutory title  National Surplus (Exceptional Contingencies) Reserve Fund, is intended to act as a reserve which may be drawn upon under certain circumstances, outlined under section 9(2) of the Act, contingent on Government and Oireachtas approval. One criteria for drawdown is that it can be used to remedy or mitigate the...

Written Answers — Department of Finance: Insurance Industry Regulation (17 Oct 2019)

Paschal Donohoe: As the Deputy is aware dual pricing is the practice of quoting two different price points in different markets for the same product or service.  The “different markets” could be differences between new and existing customers or between different channels for accessing the quoted price (for example, via telephone versus online).  I understand that it is a common...

Written Answers — Department of Finance: Carbon Tax Implementation (17 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...

Written Answers — Department of Finance: VAT Rate Application (17 Oct 2019)

Paschal Donohoe: Finance Bill 2019, published today, provides for the application of the 13.5% rate of VAT on food supplements. The Deputy will be aware that shortly after the introduction of VAT, Revenue applied a concessionary zero rating to certain vitamin, mineral and fish oil products. As the market developed over the years this treatment resulted in the zero rating by Revenue of further...

Written Answers — Department of Finance: Departmental Correspondence (17 Oct 2019)

Paschal Donohoe: 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 42A.

Written Answers — Department of Finance: Tax Reliefs Availability (17 Oct 2019)

Paschal Donohoe: There are a number of tax reliefs available to individuals who are carers. The Home Carer Tax Credit is available to married couples or civil partners that are jointly assessed, where one spouse or civil partner stays at home to take care of a dependent person. Its current value is €1,500. The carer spouse or civil partner may earn up to €7,200 per year without affecting the...

Written Answers — Department of Finance: Tax Code (17 Oct 2019)

Paschal Donohoe: Irish resident companies are obliged to apply Dividend Withholding Tax (DWT) on dividend payments and other distributions made to Irish taxpayers. Dividends are treated as income and are ultimately liable to income tax at the individual’s marginal rate which is the highest rate of income tax to which they are liable. Universal Social Charge (USC) is also chargeable on the payments and...

Written Answers — Department of Finance: Tax Code (17 Oct 2019)

Paschal Donohoe: The flat rate expense (FRE) system is an administrative practice operated by Revenue, where both specific commonality of expenditure exists across an employment category and the statutory requirement for the tax deduction as set out in section 114 Taxes Consolidation Act (TCA) 1997 is satisfied. The purpose of the FRE regime is to ease the administrative burden on Revenue and on employees in...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (17 Oct 2019)

Paschal Donohoe: I am advised by Revenue that it does not accept amounts in settlement that are less than the actual amounts due. However, certain circumstances can arise where a taxpayer does not have the financial capacity to pay the additional liability identified during a compliance intervention and can claim inability to pay. Any inability to pay claim must be supported with clear evidence of the...

Written Answers — Department of Finance: Capital Expenditure Programme (17 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 91 and 92 together. I can confirm that my Department has had no capital projects in the past five years (including the cost of external consultants) in excess of €100 million and nor does it anticipate any to commence in the next five years.

Written Answers — Department of Public Expenditure and Reform: Budget 2020 (17 Oct 2019)

Paschal Donohoe: Significant progress has been made in recent years in reducing the prevalence of poverty in our country.  CSO data shows that the proportion of those living in consistent poverty dropped from 9.0% in 2013 to 6.7% in 2017. CSO data on poverty is available at this link: For most people, employment is the primary path out of poverty and we have created thousands of new jobs, with a record...

Written Answers — Department of Public Expenditure and Reform: Brexit Issues (17 Oct 2019)

Paschal Donohoe: Public Procurement is governed by EU legislation and National rules and guidelines. The aim of these rules is to promote an open, competitive and non-discriminatory public procurement regime which delivers best value for money. In this regard, it is important to point out that the rules underpinning procurement have not changed due to Brexit, as the procurement Directives already...

Written Answers — Department of Public Expenditure and Reform: Departmental Correspondence (17 Oct 2019)

Paschal Donohoe: 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 42A.

Written Answers — Department of Public Expenditure and Reform: Capital Expenditure Programme (17 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 99 to 101, inclusive, together. Due to the nature of its role, my Department has had no major capital projects over €100 million funded through its own Vote in the past five years, nor is it expected to have any such projects in the next five years. As part of the ongoing reform of Ireland’s public investment management systems,...

Written Answers — Department of Finance: Tax Rebates (16 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...

Written Answers — Department of Finance: Credit Union Data (16 Oct 2019)

Paschal Donohoe: Further to Parliamentary Question No. 57 of 3 October 2019, I have been informed by the Central Bank that credit unions provide information on ‘Investments by Counterparty’ on their quarterly Prudential Return. Based on data provided by credit unions on the June 2019 Prudential Return credit unions hold c.€13 billion in deposits and investments with c....

Written Answers — Department of Finance: Budget 2020 (16 Oct 2019)

Paschal Donohoe: In Budget 2020 I announced policy changes to a number of taxation measures with the objective of supporting Enterprise, SMEs and the Agri-sector. This package of measures included the Key Employee Engagement Programme (KEEP), the Employment and Investment Incentive (EII), the Special Assignee Relief Programme (SARP), the Foreign Earnings Deduction (FED) and the...

Written Answers — Department of Finance: Employment and Investment Incentive Scheme (16 Oct 2019)

Paschal Donohoe: I understand that the Deputy is referring to the Budget 2020 change to increase the annual investment limit for the Employment and Investment Incentive (EII) from €150,000 to €250,000.  I am advised by Revenue that, taking that proposed change into account, the estimated cost to the Exchequer of increasing the annual investment limit to the amounts indicated by...

Written Answers — Department of Finance: Tax Credits (16 Oct 2019)

Paschal Donohoe: I am advised by Revenue that the first and full year costs of further increasing the Earned Income Tax Credit by €150, to equalise the level with the PAYE Credit, are estimated to be in the order of €20m and €35m respectively.