Results 17,761-17,780 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: VAT Rate Application (11 Oct 2018)

Paschal Donohoe: I propose to take Questions Nos. 47 and 51 together. Issues of clarity and consistency relating to the VAT rating of health food supplements arise from the fact that a small selection of food supplements have historically been applied at the zero rate of VAT by concession of the Revenue Commissioners since the introduction of VAT in 1972.  The majority of food...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (11 Oct 2018)

Paschal Donohoe: Revenue plays a vital role in support of legitimate business and in the protection of consumers through its role in ensuring that Intellectual Property Rights are preserved and supported. I am advised by Revenue for those reasons the seizure of a wide range of counterfeit goods, including clothing, arises. Fake copies of well-known brands infringe on the Intellectual Property...

Written Answers — Department of Finance: Illicit Trade (11 Oct 2018)

Paschal Donohoe: I am advised by Revenue that importations of single parcel consignments from non-EU countries through Irish ports and airports are generally carried out either by express couriers or through the postal system. In the case of express couriers, they make import declarations and pay duty and VAT, where payable, to Revenue. In respect of imports via the postal system, the parcels are presented by...

Written Answers — Department of Finance: Tax Reliefs Costs (11 Oct 2018)

Paschal Donohoe: I am advised by Revenue that due to the way in which a taxpayer‘s tax liability is determined, i.e. on all sources of incomes as a whole, it is not possible to provide exact figures in relation to the tax foregone as a result of the provision of mortgage interest relief on rental income. However, using the total amount of interest declared on Income Tax returns, for both residential...

Written Answers — Department of Public Expenditure and Reform: Flood Risk Management (11 Oct 2018)

Paschal Donohoe: The Office of Public Works (OPW) is responsible for the maintenance of Arterial Drainage Schemes and catchment drainage schemes designated under the Arterial Drainage Acts of 1945 and 1995.   The Sluice gate referred to by the Deputy forms part of the River Maine Catchment Drainage Scheme for which the OPW has maintenance responsibility. The structure in question is a double sluice...

Financial Resolutions 2019 - Financial Resolution No. 4: General (Resumed) (10 Oct 2018)

Paschal Donohoe: We are listening.

Financial Resolutions 2019 - Financial Resolution No. 4: General (Resumed) (10 Oct 2018)

Paschal Donohoe: No.

Financial Resolutions 2019 - Financial Resolution No. 4: General (Resumed) (10 Oct 2018)

Paschal Donohoe: What about our social welfare package?

Written Answers — Department of Finance: Customs and Excise Staff (10 Oct 2018)

Paschal Donohoe: I am advised by Revenue that it will require an additional 600 staff as a result of Brexit, based on a scenario of a transition period to the end of 2020 and a future trade agreement. These posts will be filled by internal, interdepartmental and open recruitment and a recruitment campaign has started with a view to having 200 officers trained and in place before 29 March 2019. As part of...

Written Answers — Department of Finance: VAT Rate Application (10 Oct 2018)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. As Ireland already operates 9% and 13.5% reduced VAT rates, it is not legally possible to introduce a third VAT rate at 5%. However, it is possible under Annex III of the VAT Directive to apply a reduced VAT rate of 9% or 13.5% to non-oral pharmaceutical products. In order for a zero...

Written Answers — Department of Finance: Tax Code (10 Oct 2018)

Paschal Donohoe: In Budget 2019, I have made no provision for changing the category for agricultural property. Farming is first and foremost a business, and indeed section 655 of the Taxes Consolidation Act 1997 states "For the purposes of the Tax Acts, farming shall be treated as the carrying on of a trade or, as the case may be, of part of a trade, and the profits or gains of farming shall be charged to tax...

Written Answers — Department of Finance: Corporation Tax (10 Oct 2018)

Paschal Donohoe: I propose to take Questions Nos. 53 to 55, inclusive, together. A sectoral breakdown of Corporation Tax trading losses forward for the tax years 2015 and 2016, which are the latest years available, is contained in Revenue’s Corporation Tax Publication (Table 19) at link: . The publication also provides information on capital allowances (Table 20) and the R&D credit (Table...

Written Answers — Department of Finance: Corporation Tax (10 Oct 2018)

Paschal Donohoe: I am informed by Revenue that timeline information in respect of losses (to show the age profile of losses and unused capital allowances associated with claims) is not available on tax returns. While it is likely that restricting the use of these losses, including unused capital allowances, could lead to large theoretical gains depending on the time limit chosen, it is not possible to provide...

Written Answers — Department of Finance: Tax Collection (10 Oct 2018)

Paschal Donohoe: I propose to take Questions Nos. 57 to 61, inclusive, together. Tax administrations generally use assets and/or wealth as their main criteria for determining a HWI, while some also include income criteria. I am advised by Revenue that its criterion to be considered a HWI and come within the management of the HWI Units of its Large Cases Division is individuals with net assets of over...

Written Answers — Department of Finance: Tax Reliefs Availability (10 Oct 2018)

Paschal Donohoe: As I indicated in my reply to the Deputy's question in April last, a review of the appropriate treatment for tax purposes of trade union subscriptions and professional body fees was carried out by my Department in 2016, and included in the 2016 report on tax expenditures published on Budget day 2016. The review concluded that: "... analysis of the scheme using the principles laid down by the...

Written Answers — Department of Public Expenditure and Reform: Pensions Data (10 Oct 2018)

Paschal Donohoe: I propose to take Questions Nos. 63 to 66, inclusive, together. An actuarial review of the accrued liability in respect of current and former public service employees’ occupational pensions was last carried out by my Department over 2017 in respect of year-end 2015. The latest review was undertaken on behalf of the Central Statistics Office who are required to show the accrued...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Retirements (10 Oct 2018)

Paschal Donohoe: The Public Service Superannuation (Age of Retirement) Bill 2018 was published on 9 July and passed all stages in the Seanad on 17 July. The Bill is being treated as a priority and the intention is to secure enactment of the legislation as early as possible in the current term. Once the Bill is enacted and commenced, the majority of public servants recruited prior to 1 April 2004 will have...

Financial Resolution No. 4: General (9 Oct 2018)

Paschal Donohoe: I move:THAT it is expedient to amend the law relating to inland revenue (including value-added tax and excise) and to make further provision in connection with finance.

Financial Resolutions 2019 - Budget Statement 2019 (9 Oct 2018)

Paschal Donohoe: The budget I have announced today is a progressive budget with an emphasis on strengthening our national finances. It is a responsible budget for a modern and caring Ireland that aims to be at the centre of a changing world. I commend the budget to the House.

Financial Resolutions 2019 - Budget Statement 2019 (9 Oct 2018)

Paschal Donohoe: For the 150,000 self-employed workers who make up an important part of our economy, the earned income credit will be increased by a further €200 to €1,350. The income tax changes I am making today are responsible - they are targetted. They provide targeted relief for those on lower and middle incomes. They do not erode our tax base and they are affordable. PUBLIC SERVICE PAY...