Results 1,401-1,420 of 9,563 for speaker:Jack Chambers

Written Answers — Department of Finance: Tax Exemptions (23 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 322 and 370 together. The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual....

Written Answers — Department of Finance: Motor Industry (23 Jul 2024)

Jack Chambers: I am advised by Revenue that a breakdown of new and used Category A vehicle registrations by VRT band for 2023 and Quarter 1 2024, the latest period for which Revenue have compiled data, is available on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/vrt/index.aspx. Data in respect of Quarter 2 2024 are scheduled for publication in August of...

Written Answers — Department of Finance: Tax Credits (23 Jul 2024)

Jack Chambers: Section 114 of the Taxes Consolidation Act 1997 (TCA) provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. Flat rate expenses (FRE) is not a tax credit, it is a regime is operated by Revenue on an administrative basis where both a specific commonality of expenditure exists...

Written Answers — Department of Finance: Tax Residency (23 Jul 2024)

Jack Chambers: I am advised by Revenue that under general charging rules in Ireland, the extent to which a taxpayer is liable to tax on his or her US sourced income depends on his or her residence and domicile position for Irish tax purposes. An individual who is resident and domiciled for Irish tax purposes is liable to Irish income tax on their worldwide income. An individual who is resident, but not...

Written Answers — Department of Finance: Summer Economic Statement (23 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 326, 327, 328, 329, 330 and 380 together. My Department has not produced updated fiscal projections as part of the Summer Economic Statement (SES) and accordingly the most recent projections remain those published as part of the Stability Programme Update (SPU), which extend to 2027. The SES noted an implied General Government Balance for 2025. This is a...

Written Answers — Department of Finance: Tax Yield (23 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 331, 333, 344, 346, 398 and 399 together. My Department has not produced updated projections for tax revenue as part of the Summer Economic Statement (SES). As such the most recent fiscal projections remain those published as part of the Stability Programme Update (SPU) in April, which extend until 2027. A first estimate of the net cost of implementation of...

Written Answers — Department of Finance: Primary Medical Certificates (23 Jul 2024)

Jack Chambers: I cannot comment on matters of rural transport but I can discuss the Disabled Drivers and Disabled Scheme for which my Department has governance and oversight. The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme or DDS is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for...

Written Answers — Department of Finance: Tax Yield (23 Jul 2024)

Jack Chambers: I am advised by Revenue that, based on stamp duty returns for 2023, the latest year for which fully analysed data is available, the estimated cost of abolishing stamp duty for first-time buyers of residential properties valued at €500,000 or less, €450,000 or less and €400,000 or less, respectively are provided in the table below. This estimate is arrived at by taking the...

Written Answers — Department of Finance: Tax Yield (23 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 335 and 336 together. I am advised by Revenue that the estimated revenue from increasing the rate of commercial Stamp Duty from 7.5% to 10%, and from 7.5% to 12.5%, excluding the rate charged on transfers of agricultural land, is provided in the table below. There is no information available on the Stamp Duty returns made to Revenue which would enable it to...

Written Answers — Department of Finance: Tax Yield (23 Jul 2024)

Jack Chambers: I am advised by Revenue that the additional revenue associated with the removal of the existing employer’s PRSI exemption, that may apply to share-based remuneration schemes operated by employers, is now estimated to be in the region of €310 million for all employers. This latest estimate is based on 2023 data, being the most recent year in respect of which Revenue has full data...

Written Answers — Department of Finance: Tax Yield (23 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 338 and 339 together. With respect to the Deputy’s first question,I am advised by Revenue that the Stamp Duty treatment of share buybacks depends on the form in which the shares are held and the method by which the buybacks are effected. For shares held in certificated (i.e., paper) form, the shares may be bought back in two ways. The first is by means...

Written Answers — Department of Finance: Vehicle Registration Tax (23 Jul 2024)

Jack Chambers: As the Deputy is aware all motor vehicles in the State must be registered within 30 days of their date of entry into the State at which point Vehicle Registration Tax (VRT) is charged. In certain cases, a full or partial exemption from VRT may apply, if the person registering the vehicle is transferring their residence to the State.In order to qualify for Transfer of Residence (TOR) relief,...

Written Answers — Department of Finance: Tax Yield (23 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 341 to 343, inclusive, together. It is assumed that the measures proposed by the Deputy are in addition to the existing surcharge of 3% on non-PAYE income in excess of €100,000, meaning that the total surcharge on such income in excess of €140,000 would be 6%, 5% and 4% for the 3%, 2% and 1% surcharge proposals respectively. The estimated first...

Written Answers — Department of Finance: Departmental Schemes (23 Jul 2024)

Jack Chambers: I refer to the answer to PQ No. 233 given by the Minister for Public Expenditure, NDP Delivery and Reform on 9 July last in which the Deputy was advised that this information would be collated by the State Claims Agency (SCA)/National Treasury Management Agency (NTMA). In answering the current question I wish to set out for the Deputy the SCA's actual role in managing claims on behalf of the...

Written Answers — Department of Finance: Tax Yield (23 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 347 and 404 together. I am advised by Revenue that its Ready Reckoner for calculating the impact of potential changes in rates of taxation can be used to estimate the effect of changes to the carbon tax rate by extrapolating from the information on page 23. The Ready Reckoner is available on the Revenue website at:...

Written Answers — Department of Finance: Tax Code (23 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 348 and 375 together. My Department, the Department of Health and Revenue have, for some time, been aware of issues which arose from contractual arrangements within the General Practitioner (GP) community whereby some GPs treat income under their General Medical Services (GMS) contract as income of a GP practice in which they are a partner or an employee,...

Written Answers — Department of Finance: Tax Data (23 Jul 2024)

Jack Chambers: I am advised by Revenue that the table below provides the Local Property Tax collection amounts for the years 2013-2023 by county. The data refer to collections for a given LPT year rather than a calendar year. Local Property Tax Collection Amounts (€m) - 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Carlow County Council 2.1 4.1 3.9 3.9 3.8 3.9...

Written Answers — Department of Finance: Tax Reliefs (23 Jul 2024)

Jack Chambers: Budget 2024 contained a suite of measures in the context of housing policy including the introduction of a new tax relief known as Residential Premises Rental Income Relief (RPRIR). RPRIR will provide relief, at the standard rate, on a portion of a landlord’s residential rental income. The relief will be €3,000 in the tax year 2024, €4,000 in the tax year 2025 and...

Written Answers — Department of Finance: Tax Yield (23 Jul 2024)

Jack Chambers: The Standard Fund Threshold (SFT) is the maximum allowable pension fund on retirement for tax purposes which was introduced in Budget and Finance Act 2006 to prevent over-funding of pensions through tax-relieved arrangements. I am informed by Revenue that they are unable provide a costing for this. Information on the numbers and values of individual pension funds or on individual accrued...

Written Answers — Department of Finance: Tax Yield (23 Jul 2024)

Jack Chambers: I am advised by Revenue that the table below sets out the estimated yield from the introduction of an additional charge of €100 and €400 on properties liable to Local Property Tax, excluding the first property for each liable person and also excluding all other properties owned by Local Authorities and Approved Housing Bodies. Revenue does not hold adequate information to...