Results 14,261-14,280 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Property Tax Data (24 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the amount of Local Property Tax (LPT) collected, broken down by Local Authority area since its introduction in 2013, for the years 2013 to 2018, is available on the Revenue website at link: . Information in respect of LPT collected, broken down by Local Authority area for 2019 to date is available at link:

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the estimated additional revenue that could be raised in a full year from the proposed increases are shown in the following table. These estimates are based on the trends in diesel cars in 2019 and do not take into account any subsequent change in behaviour due to the increased duty on diesel cars. However, given the large increases proposed it is highly unlikely...

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the estimated revenue in a full year from the proposed increases are as follows: € 0.01 0.02 0.03 0.04 0.05 €m 28 55 83 110 137

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: The cost of the diesel rebate scheme in any given year is variable, depending on the volumes of claims and the quarterly rebate rates used. Therefore it is not possible to give an estimate of the additional revenue that would accrue were the diesel rebate scheme to be scrapped. The highest annual cost of the scheme was €21m while the lowest annual costs of the scheme was zero.

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: The savings generated would be entirely dependent on the volumes of claims and the quarterly rebate rates used, which is dependent on the retail price of diesel. All of these variables will likely fluctuate from quarter to quarter and from year to year.

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the estimated yield in a full year from the proposed increases are as follows : New rate €1 €2 €3 €4 €5 €m 2.3 7.0 11.7 16.4 21.0

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue does not have data available to cost this proposal.

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: Since 1 November 2008, diesel used for private pleasure navigation is subject to Mineral Oil Tax (MOT) at the rate that applies to auto diesel, rather than the reduced rate that applies to Marked Gas Oil (MGO). No additional tax liability will arise for owners of private pleasure craft by a legislative amendment to prohibit the use of Marked Gas Oil in private pleasure navigation. It is not...

Written Answers — Department of Finance: Tax Data (24 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 98 to 107, inclusive, together. I am advised by Revenue that tax remitted in respect of benefits-in-kind is not separately itemised by benefit type on employer returns. Instead, the total aggregated benefit-in-kind figure is declared to Revenue. Therefore, tax returns do not provide the data necessary to compile the costings sought by the Deputy.

Written Answers — Department of Finance: Tax Incentives (24 Sep 2019)

Paschal Donohoe: There is currently no domestic retrofit tax incentive. As part of the annual Taxation Strategy Group (TSG) process undertaken by officials from my Department earlier this year, a proposal for an income tax incentive measure to encourage domestic retrofits was examined and published within the Climate Action and Tax paper. This examination was prompted by the publication of the All of...

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: The tax exemption for jet fuel used for air navigation for international and intra-Community transport purposes is mandatory. Therefore, save for the implementation of any bilateral arrangements provided under the Directive, any proposal to tax such fuel use would be in breach of Directive 2003/96/EC on the taxation of energy products and electricity. The relief for heavy oil used for...

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue has no data available to cost this specific proposal.

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue has no data available to cost this specific proposal.

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue has no data available to cost this specific proposal.

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue has no data available to cost this specific proposal.

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: I am advised that Revenue has no data available to cost this specific proposal.

Written Answers — Department of Finance: Tax Yield (24 Sep 2019)

Paschal Donohoe: Section 232 of the Taxes Consolidation Act 1997 provides for an exemption from Income Tax (but not USC or PRSI) and Corporation Tax on the profits or gains arising from the occupation of woodland in the State, which is managed on a commercial basis and with a view to the realisation of profits. I am advised by Revenue that the available data regarding the cost and uptake for this exemption...

Written Answers — Department of Finance: Interest Rates (24 Sep 2019)

Paschal Donohoe: As the Deputy will be aware, as Minister for Finance I have no role in setting the interest rates on lending products offered by the banks in which the State has a shareholding. The day to day operations of the banks are the sole responsibility of the boards and management teams and each bank must be run on an independent and commercial basis. The banks’ independence is protected by...

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

Paschal Donohoe: I am aware of the study referred to by the Deputy which was carried out between mid-June and the start of September 2019. It focused on employer and public liability insurance and was responded to by 770 Public Participation Networks members (which equates to just over 5% of total PPN membership). The survey indicated that 83% of respondents have seen their insurance increase over the last 3...

Written Answers — Department of Finance: Ministerial Meetings (24 Sep 2019)

Paschal Donohoe: I have met with my colleague the UK Chancellor Sajid Javid, on three occasions since he took office. On 6 August in London, on 13 September in Helsinki at the informal ECOFIN meeting, and most recently I hosted him in Farmleigh House for a bilateral meeting on 19 September. My meetings with Chancellor Javid have provided an opportunity to engage constructively on the strong relationship...