Results 14,761-14,780 of 32,572 for speaker:Paschal Donohoe

Written Answers — Department of Public Expenditure and Reform: Budget Measures (9 May 2019)

Paschal Donohoe: Set out below are the gross voted current, capital and total expenditure ceilings for the period 2014 to 2018 published in the Expenditure Reports for Budgets 2014 to 2018. Also included in the Table is the actual outturn for each year. These ceilings are agreed by Government and set on a nominal gross expenditure basis and are restated to reflect any technical or policy adjustments. Over the...

Written Answers — Department of Finance: Tax Exemptions (8 May 2019)

Paschal Donohoe: S. 195 of the Taxes Consolidation Act 1997 (TCA 1997) empowers the Revenue Commissioners to make a determination that certain artistic works are original and creative works generally recognised as having cultural or artistic merit. The scheme provides that the Revenue Commissioners can make determinations in respect of artistic works in the following categories only: 1. a book or other...

Written Answers — Department of Finance: VAT Exemptions (8 May 2019)

Paschal Donohoe: The Programme for Partnership Government recognises the difficulties faced by community groups in relation to VAT rates on certain products such as defibrillators. This is an EU competency and the Government has committed to work with our EU counterparts in seeking to reform this area. Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate, which in...

Written Answers — Department of Finance: Brexit Preparations (8 May 2019)

Paschal Donohoe: In March, my Department and the ESRI published a comprehensive assessment of the potential macroeconomic impact of Brexit on the Irish economy. This report shows that compared to a no Brexit baseline, the level of GDP in Ireland, ten years after Brexit, would be around 2.6 per cent lower in a Deal scenario and 5.0 per cent lower in a Disorderly No-Deal scenario. This assessment shows...

Written Answers — Department of Finance: Pension Levy (8 May 2019)

Paschal Donohoe: Following clarification received from the Deputy’s office, I understand that the question relates to the issue of increasing the age exemption limits. A person aged 65 and over is fully exempt from income tax where his or her total income from all sources is less than the relevant exemption limit. For 2019, the exemption limits are €36,000 for a married couple or civil...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (8 May 2019)

Paschal Donohoe: I am advised by Revenue that the addresses of purchased properties are only recorded at the claim (i.e. final) stage of the Help to Buy (HTB) process, rather than the initial application stage. This is because not every property purchase where a HTB application is received is subsequently completed, for example where applicants decide not to proceed with the acquisition. Therefore, it is not...

Written Answers — Department of Finance: European Bank for Reconstruction and Development (8 May 2019)

Paschal Donohoe: Ireland is a shareholder at the Bank and currently has a Director who attends the Bank’s Board meetings. Ireland’s paid-in shareholding at the Bank is €18.78 million with €71.26 million callable capital for a total subscribed capital of €90.04 million which approximates 0.3% of total EBRD shares. However, the Irish Government does not directly co-finance or...

Written Answers — Department of Finance: Customs and Excise Controls (8 May 2019)

Paschal Donohoe: I am advised by Revenue that Tetrahydrocannabinol (which is commonly referred to as THC) is a derivative of Cannabinol, which is a controlled drug under the Misuse of Drugs Act 1977 and the regulations and orders made thereunder. Cannabidiol (which is commonly referred to as CBD) is not a controlled drug unless it contains trace elements of THC. The legislation does not provide for any...

Written Answers — Department of Finance: Tax Code (8 May 2019)

Paschal Donohoe: I am advised by Revenue that they operate the Flat Rate Expenses (FRE) regime on a concessionary basis, where both a specific commonality of expenditure exists across an employment category and the statutory requirement for tax deduction set out in section 114 Taxes Consolidation Act 1997 (TCA) is satisfied. To qualify for a deduction under that section, an expense must be wholly,...

Written Answers — Department of Finance: VAT Rate Increases (8 May 2019)

Paschal Donohoe: The background to the issue is that VAT legislation does not apply the zero rate of VAT to food supplements but shortly after the introduction of VAT the Revenue Commissioners applied a concessionary zero rating to certain vitamin, mineral and fish oil food supplement products. As the market developed this treatment resulted in the zero rating by the Revenue Commissioners of further similar...

Written Answers — Department of Finance: Property Tax Collection (8 May 2019)

Paschal Donohoe: I am advised by Revenue that the amount of Local Property Tax (LPT) due on a property valued between €1 and €100,000 (lowest Band), situated in a Local Authority that has not made any Local Adjustment Factor rate changes, would be €495 for the cumulative period 2013 to 2018 (€45 for 2013 and €90 per annum for 2014 through 2018). The amount of interest due...

Written Answers — Department of Finance: Property Tax Rate (8 May 2019)

Paschal Donohoe: The review I initiated of the Local property Tax (LPT) has been completed by the Department of Finance in conjunction with the Departments of the Taoiseach, Public Expenditure & Reform and Housing, Planning & Local Government and the Revenue Commissioners. In accordance with its terms of reference, the review focused on the impact of house price movements on LPT liabilities...

Written Answers — Department of Finance: Stamp Duty (8 May 2019)

Paschal Donohoe: I am advised by Revenue that consanguinity relief applies to transfers of farmland between certain blood relatives subject to certain conditions. If the relief is claimed when filing the stamp duty return 1% of the value of the land transferred is payable with the return instead of the standard 6% rate. Where the relief is not claimed at the time of filing the return and 6% stamp duty is...

Written Answers — Department of Finance: VAT Rate Application (8 May 2019)

Paschal Donohoe: VAT is governed by the EU VAT Directive, with which Irish VAT law must comply. The thresholds for Ireland date from accession into the EU and the Directive only provides for the raising of those thresholds by Member States to maintain their value in real terms. That is, they may only be increased in line with inflation. The Irish VAT thresholds were increased to their current values on 1 May...

Written Answers — Department of Finance: Corporation Tax (8 May 2019)

Paschal Donohoe: The information the Deputy requests is set out in the table below. I would like to reiterate the inherent volatility and unpredictability of Irish corporation tax revenues which is partly due to the concentration of receipts among a small number of firms. This feature of our corporation tax base is widely recognised as creating a large exposure of revenue to firm- and sector-specific...

Written Answers — Department of Finance: Tax Data (8 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 115, 116, 147, 154 and 155 together. I am advised by Revenue that the available information in respect of tax liability, net trading income, net chargeable gains and taxable income of companies (all by range of net trading income) is available at link: www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: VAT Rebates (8 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 117, 141 and 182 together. The VAT Compensation Scheme for Charities was introduced in Budget 2018 to reduce the tax burden on Charities and partially compensate them for the VAT incurred in delivering on their charitable purpose. Under the Scheme, Charities are entitled to claim a refund of a proportion of their VAT costs based on their level of...

Written Answers — Department of Finance: Teachers' Remuneration (8 May 2019)

Paschal Donohoe: I am advised by Revenue that it has no role to play in providing or amending payslips and that responsibility in this regard rests with employers. Revenue has also confirmed that it has already been in direct contact with the person in question and provided them with the information that they require. While there were some delays in processing substitute teachers' pay earlier this year, I am...

Written Answers — Department of Finance: Bank Debt Restructuring (8 May 2019)

Paschal Donohoe: I wish to advise the Deputy that my department does not hold the information that is being sought. Officials from my department contacted AIB and it provided the following response: "AIB does not specifically record the information as sought however can advise that the Bank has rarely commenced Bankruptcy summonses in the past six years."

Written Answers — Department of Finance: Consultancy Contracts Data (8 May 2019)

Paschal Donohoe: My Department engaged the company on one occasion between 2011 and 2018. The gross cost of this engagement was €73,031.25. The purpose of the engagement was to carry out a money laundering and terrorist financing (ML/TF) National Risk Assessment (NRA). The aim of this Assessment was to identify, understand and assess the money laundering and terrorist financing risks faced by...