Results 17,981-18,000 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (25 Sep 2018)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides relief from VAT and VRT, an exemption from motor tax and a grant in respect of fuel expenditure, on the purchase of an adapted car for transport of a permanently and severely disabled person within the terms of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994. The scheme and qualifying criteria...

Written Answers — Department of Finance: NAMA Social Housing Provision (25 Sep 2018)

Paschal Donohoe: National Asset Residential Property Services (NARPS) was established in 2012 as a special purpose vehicle in order to expedite the delivery, for social housing, of residential properties from the portfolio of assets controlled by NAMA debtors and receivers. NARPS purchases properties directly from NAMA debtors and receivers at market value and then onward leases these properties to local...

Written Answers — Department of Finance: Property Tax Exemptions (25 Sep 2018)

Paschal Donohoe: I am advised by Revenue that Local Property Tax (LPT) is operated on a self-assessment basis and it is the responsibility of the property owner to file and pay the tax due or ensure that their property is correctly entitled to any exemption before it is claimed. The Finance (Local Property Tax) Act 2012 (as amended) provides for exemptions for certain properties. Section 10(2) provides...

Written Answers — Department of Finance: European Investment Bank (25 Sep 2018)

Paschal Donohoe: When the United Kingdom exits the EU on 29 March 2019, its departure from the EU will also mean that it will stop being a shareholder of the European Investment Bank (EIB). Article 308 of the Treaty on the Functioning of the European Union states that: “The members of the European Investment Bank shall be the Member States”. As a result, the UK will not remain a member of the...

Written Answers — Department of Finance: Pension Provisions (25 Sep 2018)

Paschal Donohoe: The transfer of the deferred benefits of a member of an occupational pension scheme or a Personal Retirement Savings Account (PRSA) contributor's PRSA fund to an overseas pension arrangement is permitted, subject to the transfer complying with the Occupational Pension Schemes and Personal Retirement Savings Accounts (Overseas Transfer Payments) Regulations, 2003 and Revenue requirements. The...

Written Answers — Department of Finance: Tax Collection (25 Sep 2018)

Paschal Donohoe: Budget 2018 included provision for an additional €50 million in Income Tax receipts during 2018 arising from preparations for PAYE Modernisation, which is scheduled for implementation on 1 January 2019. I am advised by Revenue that, while it will be necessary to wait until after the year end to fully assess the outcome, preliminary analysis indicates this target will be met.

Written Answers — Department of Finance: Film Industry Tax Reliefs (25 Sep 2018)

Paschal Donohoe: I am advised by Revenue that they cannot comment on individual cases such as the allegation referred to in the Deputy’s question. However, they have provided the following general information in relation to the administration and audit of claims for the film tax credit under Section 481, Taxes Consolidation Act 1997. Under Section 481, in general terms a company which produces a...

Written Answers — Department of Finance: Property Tax Exemptions (25 Sep 2018)

Paschal Donohoe: I propose to take Questions Nos. 140 to 143, inclusive, together. The Finance (Local Property Tax) Act 2012 (as amended) and Part 2 of the Act make provision for a number of LPT exemptions. The available exemptions include new and unused properties purchased from a builder or developer between 1 January 2013 and 31 October 2019 and properties purchased or built between 1 January 2013 and 31...

Written Answers — Department of Finance: Motor Tax (25 Sep 2018)

Paschal Donohoe: Motor tax is collected by the Department of Transport, Tourism and Sport and raises over 1 billion euro annually. I have no plans to replace motor taxation with a fuel tax. The Exchequer receives substantial revenues from fuel excise duties and I recognise that the anticipated large scale adoption of electric vehicles in the future presents a fiscal challenge in this regard. My...

Written Answers — Department of Finance: Departmental Expenditure (25 Sep 2018)

Paschal Donohoe: The Mid-Year Expenditure Report (MYER) set out the starting baseline in relation to the gross voted expenditure for 2019. As outlined in the MYER, the technical pre-Budget position for current expenditure is the current expenditure allocation for this year set out in REV. This pre-Budget position will be adjusted to reflect the allocation to the Department of a central provision in relation...

Written Answers — Department of Finance: VAT Rate Application (25 Sep 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Fuel Rebate Scheme (25 Sep 2018)

Paschal Donohoe: The Diesel Rebate Scheme came into effect on 1 July 2013. This scheme is available to licensed Irish road hauliers. Full details of the scheme are available on the revenue website: .

Written Answers — Department of Finance: Exchequer Returns (25 Sep 2018)

Paschal Donohoe: I assume the figure the Deputy is referring to is the estimated Exchequer yield from non-indexation of the income tax head, prepared in advance of Budget 2018, which was of the order of €0.6 billion on a full year basis. The expected yield from non-indexation in 2019 will be updated as part of the preparations for Budget 2019 as the various elements of budgetary arithmetic required to...

Written Answers — Department of Finance: Universal Social Charge (25 Sep 2018)

Paschal Donohoe: The table on page 3 of the Pre-Budget 2019 Revenue Ready Reckoner which is available on the Revenue website at: gives the estimated number of taxpayer units paying income tax and USC at the various rates in 2019. The number of taxpayer units moving between the various bands, between 2018 and 2019, are set out in the following table: Estimated number of taxpayer units 2018 Estimated...

Written Answers — Department of Finance: Corporation Tax (25 Sep 2018)

Paschal Donohoe: I am advised by Revenue that the available information, set out in the following table, is the total Corporation Tax liability of companies where the main trade is indicated (on Revenue records) as breeding of horses. I would advise that 2016 is the most recent year for which information is available. These amounts may not include Corporation Tax paid on the provision of stallion stud...

Written Answers — Department of Finance: Mortgage Book Sales (25 Sep 2018)

Paschal Donohoe: In the first instance, I can confirm that consultation did take place in relation to Project Glas, as required under the Relationship Framework with PTSB. In my response to the bank as part of the consultation, I acknowledged PTSB’s assertion that extensive efforts had been made to reach sustainable restructures with these borrowers and that they had been facilitated in doing so...

Written Answers — Department of Finance: Apple Escrow Account (25 Sep 2018)

Paschal Donohoe: Notwithstanding that the Government profoundly disagrees with the Commission's analysis in the Apple State aid case, the full recovery of the alleged State aid from Apple has now been completed with approximately €14.3 billion deposited into the Escrow Fund. The funds will remain in the Escrow Fund pending a final determination in the European Courts over the validity of the...

Written Answers — Department of Finance: Mortgage Repayments (25 Sep 2018)

Paschal Donohoe: Decisions on taxation matters including decisions (if any) in relation to mortgage interest relief are made in the context of the annual Budget process, and the Deputy will understand that I cannot give any indications of my plans for Budget 2019 at this time. In last year’s Budget I announced that in fulfilment of a Programme for Government commitment, mortgage interest relief for...

Written Answers — Department of Finance: VAT Rebates (25 Sep 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that in accordance with the EU VAT Directive farmers may register for VAT or be treated as flat-rate farmers for VAT purposes. Farmers who elect to register for VAT have an entitlement to reclaim VAT on costs incurred in relation to the farm business or they can remain unregistered and opt for the flat-rate scheme which is designed to reduce the...

Written Answers — Department of Finance: Private Rented Accommodation (25 Sep 2018)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland has the power to direct insurance companies on the pricing or provision of insurance products. Indeed, the EU framework for insurance expressly prohibits Member States from adopting rules which require insurance companies to obtain...