Parlon, TomWednesday, 23 March 2005 |
Seanad Eireann Debate
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Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages.
This recommendation proposes to insert a new section into the Bill. The purpose of the new section is to provide that tax reliefs will lapse automatically five years after being enacted unless they ar...
I highlighted that for the year 2001——
That is reviewed by the Department of Finance and the Government in advance of each budget. Steps have been taken to strengthen the system of costing tax reliefs and to improve the information availab...
This recommendation relates to section 473 of the Taxes Consolidation Act 1997, which grants relief for rent paid by individuals in private rented accommodation. At present, the level of rent qualifyi...
The estimated cost of Senator Phelan’s recommendation is €21.6 million.
That is in addition to the €5.2 million for the changes already in the Bill. An identical amendment was discussed in the Dáil. In the course of the debate, Deputy Bruton indicated that the purpose of ...
Section 7 provides for a change in the method used to calculate the value of the use of land for benefit-in-kind purposes. At present, the value of the benefit in kind is determined as being 5% of the...
The amendment inserts a new definition in subsection 1 to provide that, for the purposes of benefit-in-kind charges, premises includes lands. The taxable value of lands will be calculated in the same ...
There is an enormous amount of detail in the Bill, which is why there are so many officials from the Department of Finance and the Revenue Commissioners in the House today. The conditions for exemptio...
This section refers to the provision of security services. If someone feels that his or her personal security is at risk from subversives or criminals because of the sensitivity of his or her job, the...
Yes. Until now the provision of special home security to an employee, connected with his or her job, would have been chargeable.
I agree with the speakers on the significance of the problem. The recommendation is essentially a system of tax allowances at the standard rate of income tax for those paying for child care services. ...
The Senator will not have to hold it too long because there will be a major announcement next Tuesday when there will be the first official sod-turning in Sligo for the Department of Social and Family...
What about the 279% increase in child benefit?
As Senator Mansergh said, €1.9 billion is a very substantial contribution to child care costs. A combination of issues puts extra pressure on the area. There is practically full employment in this cou...
I am surprised to hear that and do not believe that can be the case.
The Senator should name the group because there is no point throwing a comment. The criteria are very strict. It is the responsibility of the Minister for Justice, Equality and Law Reform, Deputy McDo...
If I understand the Senator’s recommendation correctly, he is proposing that the Minister for Finance take power to make regulations to provide that where payments made to State and other bodies quali...
The Mullingar accord again.
This recommendation seeks to amend the provision of a new section being inserted in the Taxes Consolidation Act which imposes a statutory obligation on an individual wishing to claim a tax relief for ...
I am quite familiar with the biofuel business and with a particular project in the south east, which is the Senator’s area. The responsibility for the promotion of biofuels falls within the remit of t...
I am aware Ireland is not unique in this regard. Every other country which has adopted the biofuels scheme and which is foregoing excise duty has been required to obtain approval from the EU Commissio...
The recommendation proposes a change to the definition of “qualifying hospital” in the tax Acts so as to introduce a new scheme of capital allowances for psychiatric hospitals based on the existing sc...
The review will be out before the next budget. There will be ongoing announcements several weeks prior to that.
I am sure it will leak its way out before the budget. The Senators may know about it before even I do.
Some 167 properties are covered by the scheme. However, I do not know if it has been updated. I will seek to make the booklet available to Senator Mansergh and he will be able to make a judgment on it...
However, it is significant.
The Senator spoke about the State putting its hand in people’s pockets. It amounts to the same thing.
Senator Mansergh inquired about the updated booklet. I have been provided with it and it pertains to 2004. Having opened it at random, I notice that a certain establishment, namely, Doheny and Nesbitt...
It might be of interest to the House to note the visiting times.
It is open all year except on Christmas Day, St. Stephen’s Day and Good Friday.
What is the booklet?
It is free to enter. I will make the booklet available to the Senator.
It might have been referred to before the Cathaoirleach entered. It lists the houses of significant interest that qualify for a tax exemption if their owners allow them to be visited by the public.
On the recommendation, I notice the concern that the Mullingar accord is clearly being challenged on this issue.
I happen to be familiar with the deal agreed between landowners and the Minister for the Environment, Heritage and Local Government because I was party to it. The deal involves the valuation of the la...
Such judgments are made by the Minister for Finance in each budget and I assume he will make such a judgment in the next budget. The last budget was unique in that it contained no excise duty increase...
It is a recognition of the significantly lower levels of pollutants emitted by hybrid vehicles that this exemption is being extended. The exemption relates to continuously changing technology and is b...
The only attraction hybrid cars have is that their owners can qualify for the 50% reduction in excise duty. I do not think these vehicles will ever gain a foothold in the Irish market.
Businesses have supported Government policies over the past few years because it has reduced taxes and taken a pro-business line. It is as easy for the Minister for Finance to extend the relief after ...
Senator John Paul Phelan’s recommendation would provide that the VAT registration threshold for traders in services would increase from €25,500 to €75,000. The Senator will appreciate that EU VAT law,...
This recommendation is opposed. It refers to section 113, which deals with the Sixth Schedule of the Value-Added Tax Act 1972. This schedule lists goods and services that are liable at the reduced rat...
No.
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