Results 18,981-19,000 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Irish Real Estate Fund (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 169 to 171, inclusive, together. In relation to 23207/18, the Irish Real Estate Fund (IREF) regime was introduced by Finance Act 2016 and takes effect for accounting periods commencing on or after 1 January 2017. I am advised by Revenue that where a fund has an accounting period that ended in the second half of 2017, the return and payment date for IREF...

Written Answers — Department of Finance: Home Building Finance Ireland (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 172, 173 and 184 together. As announced in my Budget speech on 10 October 2017, Home Building Finance Ireland (HBFI) is to be established to provide funding on market terms to viable residential development projects whose owners are experiencing difficulty in obtaining debt funding. Up to €750 million of ISIF funds will be allocated to HBFI to...

Written Answers — Department of Finance: Tax Reliefs Application (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 174 and 179 together. 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 may be found at the following link: (). The review concluded that: "...analysis of the scheme...

Written Answers — Department of Finance: Property Ownership (29 May 2018)

Paschal Donohoe: I am informed by the Central Bank that it is not aware of any particular industry standard governing the holding or retrieving of title deeds in respect of unencumbered property and such a matter is not covered by the Central Bank codes or other financial services regulatory framework. Matters relating to the framework for the registration and demonstration of ownership and title in property...

Written Answers — Department of Finance: Home Renovation Incentive Scheme (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 176 and 178 together. In accordance with the relevant provisions of the Taxes Consolidation Act 1997, both the Start Your Own Business and Home Renovation Incentives are due to expire at the end of this year. As with all such time limited incentives, I will consider the possibility of their extension in the context of my preparations for the forthcoming...

Written Answers — Department of Finance: Deposit Interest Rates (29 May 2018)

Paschal Donohoe: Budget 2017 introduced a measure to reduce the rate of Deposit Interest Retention Tax (DIRT) over a 4 year period to reach 33 per cent by 2020. Accordingly, as part of the phased introduction of this policy, the planned reduction in the DIRT rate by 2 per cent in 2019 is estimated to represent a negative discretionary revenue measure of €6.4 million next year. A...

Written Answers — Department of Finance: Tax Reliefs Eligibility (29 May 2018)

Paschal Donohoe: Since 2011, professional membership fees are only deductible under section 114 of the Taxes Consolidation Act 1997 where they are incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. In the context of professional fees, this generally means where: - the duties of his or her employment necessitate that the employee is a...

Written Answers — Department of Finance: Departmental Contracts (29 May 2018)

Paschal Donohoe: I can advise the Deputy that there are no contracts between my Department and the firm ‘Capita’. There are formal procedures and processes in place within my Department for the procurement of goods or services. It is Departmental policy that procurements undertaken are carried out in conformity with these procedures, policies of the Office of Government Procurement, and...

Written Answers — Department of Finance: Departmental Contracts Data (29 May 2018)

Paschal Donohoe: I can advise the Deputy that there are no contracts between my Department and the firm ‘Capita’. Of the seventeen Bodies under the aegis of my Department, I am informed that sixteen do not have any contracts with a company named Capita.  The remaining body, the National Treasury Management Agency (NTMA), holds four contracts with a company named Capita, two relating to...

Written Answers — Department of Finance: Real Estate Investment Trusts (29 May 2018)

Paschal Donohoe: Real Estate Investment Trusts (REITs) are collective investment vehicles designed to hold rental investment properties in a tax neutral manner. They are focused on long-term holding of income-producing property as opposed to short term speculative gains. The function of the REIT framework is not to provide an overall tax exemption, but rather to facilitate collective investment in rental...

Written Answers — Department of Finance: Tax Code (29 May 2018)

Paschal Donohoe: I am advised by Revenue that Sections 1017 and 1018 of the Taxes Consolidation Act 1997 provide for married couples and couples in a civil partnership to be jointly assessed for tax purposes.  As the persons concerned are not married or in a civil partnership, the applicable tax credits and rate bands are not available to them. The basis for the current tax treatment of married...

Written Answers — Department of Finance: Tax Code (29 May 2018)

Paschal Donohoe: I am advised by Revenue that the information from tax returns and other sources available to Revenue does not provide a basis to establish the number of pregnant women in 2017 that were in receipt of a company car while on maternity leave, thus incurring a benefit in kind tax charge. I am advised by Revenue that section 121 Taxes Consolidation Act 1997 provides that an employee is chargeable...

Written Answers — Department of Finance: Tax Code (29 May 2018)

Paschal Donohoe: I am advised by Revenue that all banks are assigned to the Financial Services (Banking) District in Revenue’s Large Cases Division (LCD).    As I stated in the response to Parliamentary Question No. 77 of 1 May 2017, the legislation concerned, namely, section 122(3) of the Taxes Consolidation Act 1997 (TCA) provides that where a loan is made by an employer to an...

Written Answers — Department of Finance: Tax Data (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 189 to 191, inclusive, together. The table sets out the number of claimants for the Special Assignee Relief Programme (SARP) for each of the years 2012 to 2015, the most recent year for which figures are available: Year  Claimants 2012 11 2013 121 2014 302 2015 586 I am advised by Revenue that its SARP report for 2016 is likely to be published in...

Written Answers — Department of Finance: Tax Data (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 192 to 194, inclusive, together. A review of the Accelerated Capital Allowances scheme for Energy Efficient Equipment was undertaken by my Department in 2017, ahead of Budget 2018. This scheme is regularly reviewed, in line with the Department of Finance’s 2014 Tax Expenditure Guidelines. The 2017 review of the scheme is available at the following...

Written Answers — Department of Finance: VAT Yield (29 May 2018)

Paschal Donohoe: On 1 January 2015 new EU VAT rules came into effect changing the place where VAT is chargeable in respect of all supplies of telecommunications, broadcasting and electronic (TBE) services to consumers. VAT on these services is now chargeable where the consumer is located instead of where the supplier is located.  As a result of the change, EU and non-EU businesses are required to...

Written Answers — Department of Finance: VAT Yield (29 May 2018)

Paschal Donohoe: I am advised by Revenue that the amount of VAT collected at point of entry in each of the months January to April 2018 is provided in the table below. The value provided is the gross VAT collected and as such does not account for any VAT refunds that are subsequently repaid (through the VAT3 return). The figures provided are provisional and as such may be subject to future revisions. ...

Written Answers — Department of Finance: Revenue Commissioners Reports (29 May 2018)

Paschal Donohoe: As the Deputy is aware Revenue publish comprehensive analysis and statistics in conjunction with the Annual Report. I know that Revenue is committed to publishing data to facilitate public debate subject to the constraints of taxpayer confidentiality. I am advised by Revenue that at 31 March 2018 there were 30 open Mutual Agreement Procedure (‘MAP’) cases and 39 open...

Written Answers — Department of Finance: Tax Data (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 198 and 199 together. I am advised by Revenue that the number of companies that have notified Revenue that they are “qualifying companies”  for the purposes of section 110 Taxes Consolidation Act (TCA), 1997 and have not submitted Financial Statements by 28 May 2018 is set out in the table: Year Number of Corporation Tax returns filed...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (29 May 2018)

Paschal Donohoe: The Employment and Investment Incentive (“EII”) is a tax incentive whereby individuals who invest in certain qualifying companies obtain tax relief on the amount invested. A qualifying company is one which: - is an unquoted SME, meaning it has less than 250 employees and has an annual turnover of up to €50 million or an annual balance sheet total of up to...