Results 17,661-17,680 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Electric Vehicles (23 Oct 2018)

Paschal Donohoe: I propose to take Questions Nos. 201 and 204 together. Vehicle benefit in kind (BIK) is chargeable where, by reason of employment, a vehicle is made available (without a transfer of ownership) to an employee, and is available either for that individual’s private use or to his/her family or household.   Comprehensive data regarding BIK on company cars does not currently exist...

Written Answers — Department of Finance: Prize Bonds (23 Oct 2018)

Paschal Donohoe: I am answering this question on the basis of fiscal year 2017. Under Prize Bonds the number of prizes is determined by a variable percentage rate applied to the value of Prize Bonds outstanding. The variable percentage rate set to calculate the Prize Bond Fund was adjusted from 0.85% to 0.50% in August 2017.  The interest rate reduction reflected changes across the retail...

Written Answers — Department of Finance: Revenue Commissioners Reports (23 Oct 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that, following a submission by the Irish Health Trade Association (IHTA) concerning the distinction between food supplements that the Revenue Commissioners was prepared to accept as liable to VAT at the zero rate and those that are liable at the 23% rate, they undertook an in-depth review of the issue. As part of this review, an expert in...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Eligibility (23 Oct 2018)

Paschal Donohoe: The Home Renovation Incentive (HRI) provides a tax relief by way of an income tax credit on repair, renovation or improvement works on principal private residences or rental properties carried out by tax compliant contractors. However, the Deputy's question does not give sufficient information to enable me give a comprehensive reply. Revenue advise me that the individual concerned may...

Written Answers — Department of Finance: Ministerial Meetings (23 Oct 2018)

Paschal Donohoe: I would refer the Deputy to my response to PQ 42821 of 18thOctober 2018, which details my predecessor as Minister for Finance's meeting with representatives from Enet in the Department of Finance on Wednesday 14 December 2016 with officials in attendance. Although not a request on behalf of Mr David McCourt and outside the three year period stipulated in the question a...

Written Answers — Department of Finance: VAT Rate Application (23 Oct 2018)

Paschal Donohoe: I propose to take Questions Nos. 207 and 208 together. Defibrillators, other than implantable defibrillators, are liable to VAT at the at the standard rate, currently 23%, and, in the absence of a change in the VAT Directive, there is no legal basis for reducing this rate.    In my response to Parliamentary Questions Numbers 82 and 83 of 10 May 2018, I referred to the...

Written Answers — Department of Finance: Carbon Tax Yield (23 Oct 2018)

Paschal Donohoe: I am advised by Revenue that an increase in Carbon Tax from €20 per tonne to €45 per tonne over the years 2020 to 2024 would give the estimated yield for each year as shown in the table. These estimates are based on the current volumes for each commodity and include both Carbon Tax and VAT. 2020 2021 2022 2023 2024 Carbon Tax Rate €25 €30 €35 €40...

Written Answers — Department of Finance: Home Renovation Incentive Scheme (23 Oct 2018)

Paschal Donohoe: The Home Renovation Incentive (HRI) is provided for in section 477B of the Taxes Consolidation Act 1997.  As the Deputy will be aware, HRI provides a tax relief by way of an income tax credit on repair, renovation or improvement works on principal private residences or rental properties carried out by tax compliant contractors. A key element of obtaining relief is that the...

Written Answers — Department of Finance: Structural Budget Balance (23 Oct 2018)

Paschal Donohoe: I can advise the Deputy that the projected structural balance for each year 2019 to 2023 is detailed in percentage terms in table 1 of the Economic and Fiscal Outlook published as part of Budget 2019. Estimates of the approximate equivalent levels in nominal terms are presented in tabular form below. 2019 2020 2021 2022 2023 Structural balance, per cent of GDP -0.7 0.0 0.2 1.0...

Written Answers — Department of Finance: Fiscal Policy (23 Oct 2018)

Paschal Donohoe: The projected general government balance and structural balance were published in table 1 of Budget 2019 Economic and Fiscal Outlook. This is reproduced below for the Deputy's convenience. per cent of GDP 2018 2019 2020  2021  2022  2023 general government balance -0.1 0.0  0.3 0.4  1.1  1.4  structural balance -1.0  -0.7  0.0  0.2 ...

Written Answers — Department of Finance: VAT Rate Application (23 Oct 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that existing EU or national VAT law does not provide for VAT registered traders to apply different VAT rates to the same taxable supply based on business turnover or the value of an individual transaction. I would point out, however, that businesses with a low turnover have the option of remaining unregistered for VAT which means...

Written Answers — Department of Finance: Tax Code (23 Oct 2018)

Paschal Donohoe: It is assumed that the Deputy is referring to the changes made in the recent Budget. I am advised by Revenue that the table below sets out the estimated cost to the Exchequer of the Budget 2019 changes, on a full year basis, in the manner requested by the Deputy. Gross Income Income Tax €m USC €m <€70,000 76 62 >€70,000 84 60 Total 161 123 The...

Written Answers — Department of Finance: VAT Rate Application (23 Oct 2018)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. Under Irish legislation, professional medical care services, recognised as such by the Department of Health and Children, are exempt from VAT. Professional medical care services recognised by the Department of Health and Children are generally those medical care...

Written Answers — Department of Finance: Brexit Staff (23 Oct 2018)

Paschal Donohoe: I propose to take Questions Nos. 216 to 219, inclusive, together. I am advised by Revenue that they have a detailed framework in place to recruit additional resources for Brexit in line with the Government decision of September 2018.  Revenue have determined that they will require an additional 600 staff as a result of Brexit. This is based on the central case scenario of an orderly...

Written Answers — Department of Finance: Employment Data (23 Oct 2018)

Paschal Donohoe: I am advised by Revenue that information in respect of employee payment frequencies is not a mandatory requirement for employers when completing their annual (P35) return. As a consequence, it is not currently possible to provide the Deputy with the information requested. However, Revenue has confirmed that it will be possible to provide this information from 1 January 2019 following the...

Written Answers — Department of Finance: Imports Data (23 Oct 2018)

Paschal Donohoe: I am advised by Revenue that the details requested by the Deputy on the quantity and value of imports from outside the EU and the risk ranging associated with those imports are as set out in the table. Year Risk Rank (Tonnes) Value 2016 Green 4,556,790 €24,945,333,394.28 2016 Orange 7,424,937 €4,797,397,899.97 2016 Red 1,705,704 €1,048,000,539.36 2017 Green...

Written Answers — Department of Finance: Revenue Commissioners (23 Oct 2018)

Paschal Donohoe: I am advised by Revenue that the red, orange and green classifications referred to by the Deputy are features of the trade facilitation framework and associated customs control regime associated with goods arriving from third countries.  In keeping with the rules of the Single Market, EU goods do not require customs declarations upon arrival in the State and are not subject to...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (23 Oct 2018)

Paschal Donohoe: I am advised by Revenue that the table below includes the number of applications received, approved and rejected under the Disabled Drivers and Disabled Passengers scheme for the years 2014 to 2017. Year Total Applications Approved Rejected 2014 5,060 4,997 63 2015 5,494 5,440 54 2016 6,506 6,490 16 2017 6,080 6,052 28 I can confirm to the Deputy that I have no plans...

Written Answers — Department of Finance: Local Authority Funding (23 Oct 2018)

Paschal Donohoe: My Department does not have a direct role in funding local authorities.

Written Answers — Department of Finance: EU Directives (23 Oct 2018)

Paschal Donohoe: The Payment Accounts Directive, transposed in September 2016 by the European Union (Payment Accounts) Regulations 2016 (S.I. No. 482 of 2016), contains a right to open a payment account with basic features with a credit institution. This right extends to any person who is legally resident in the European Union, regardless of whether he or she has a fixed address. A payment account with...