Results 7,421-7,440 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Environmental Policy (2 Nov 2021)

Paschal Donohoe: As referred to in my reply to PQ No 368 on 19th October 2021 it is for the European Commission, under the provisions of the regulation on the EU Taxonomy for sustainable activities, to propose for adoption a complementary climate delegated act on activities not covered in the first delegated act, which itself is not yet adopted. This complementary act is expected to determine whether nuclear...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Nov 2021)

Paschal Donohoe: I am advised by the Minister for Enterprise, Trade and Employment that in situations where employers are genuinely unable to meet their financial obligations, due to Covid-19 or any other reason, in paying statutory redundancy to their employees due to financial difficulties or insolvency, the State can fund statutory redundancy payments from the Social Insurance Fund (SIF) on their behalf. ...

Written Answers — Department of Finance: Banking Sector (2 Nov 2021)

Paschal Donohoe: As the Deputy may be aware, as Minister for Finance, I have no role in the commercial decisions made by any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard, including the management of branch or ATM networks, are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial...

Written Answers — Department of Finance: Insurance Coverage (2 Nov 2021)

Paschal Donohoe: At the outset, I am very conscious that the issue raised by the Deputy is a sensitive issue, and that the death of a child is a tragic event for any parent. However, the Deputy will be aware that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products, or have the power to direct insurance companies to provide cover in such circumstances....

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (21 Oct 2021)

Paschal Donohoe: I thank the Senator for the issues he has raised on behalf of Senator Higgins. I look forward to debating these matters with her directly on Report Stage. I will go through the different issues the Senator raised. The first relates to the eligibility criteria and whether it is appropriate that any government be in the position of selling off its share in an asset it currently publicly...

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (21 Oct 2021)

Paschal Donohoe: I do not propose to accept this amendment to add a new section 8 to the Bill. This amendment provides for the publication of a report outlining details on two separate matters: first, measures taken to ensure appropriate safeguards and separation between ESM co-operation with the EU Commission in the area of policy; and second, ESM engagement with private citizens. I will say a word about...

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (21 Oct 2021)

Paschal Donohoe: This amendment will provide for the publication of a report outlining where compliance with EU fiscal criteria has precluded public investment or required public services or infrastructure to be delivered off balance sheet with the additional costs associated with such short-term expenditure versus long-term investment. It is important to recognise the EU fiscal rules do not limit the level...

Written Answers — Department of Finance: Public Sector Pay (21 Oct 2021)

Paschal Donohoe: I am advised by Revenue that Clerical Officers who were on Career Break on 1 January 2003 are not eligible to receive the Annual Personal to Holder (APTH) payment. This is because they were not serving in Revenue on 1 January 2003 (Integration Day), the designated date by reference to which eligibility for payment of the APTH was determined. The background is that following an extensive...

Written Answers — Department of Finance: Tax Exemptions (21 Oct 2021)

Paschal Donohoe: The 2012 report of the Interdepartmental Group on the Design of a Property Tax considered the issue of introducing an exemption or waiver for property owners below a certain income threshold. Having considered the possible inequities and administrative challenges of such an exemption or waiver structure the group recommended instead a deferral scheme that would assist property owners in a...

Written Answers — Department of Finance: Tax Yield (21 Oct 2021)

Paschal Donohoe: You are aware that, on Friday 8th October, Ireland joined 135 other member jurisdictions of the OECD/G20 Inclusive Framework in reaching a high level agreement on a two-pillar solution to address tax challenges arising from the digitisation of the economy in recent years. There are two pillars to the OECD agreement. Pillar One will see a reallocation of a proportion of profits to the...

Written Answers — Department of Finance: Departmental Consultations (21 Oct 2021)

Paschal Donohoe: I can inform the Deputy that the responses to the Department of Finance's public consultation on the OECD tax reform proposals was published on my Department's website on Thursday 14 October 2021. The submissions are available at the following link: www.gov.ie/en/publication/5e8d3-responses-to-oecd-tax-reform -consultation/.

Written Answers — Department of Finance: Banking Sector (21 Oct 2021)

Paschal Donohoe: Officials from my Department contacted the Central Bank of Ireland regarding the Deputy's question and received the following response: "The Central Bank cannot comment on its engagements with individual regulated entities, due to supervisory confidentiality obligations. The Central Bank expects Banks to take a consumer-focused approach in respect of any decision that affects their...

Written Answers — Department of Finance: Insurance Coverage (21 Oct 2021)

Paschal Donohoe: At the outset it is important to note that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which expressly prohibits Member States from doing so....

Written Answers — Department of Finance: Tax Rebates (21 Oct 2021)

Paschal Donohoe: Following the withdrawal of the UK from the European Union, goods moving into this country from Great Britain are treated as imports from a third country, i.e. from outside the EU. I am advised by Revenue that, where goods are imported into Ireland from a third country like Great Britain, the importer is required to complete a customs declaration and pay customs duty, if applicable, and VAT....

Written Answers — Department of Finance: Banking Sector (21 Oct 2021)

Paschal Donohoe: The Central Bank of Ireland has statutory responsibility for the regulation of mortgage lending by banks and other regulated entities. In line with this mandate, the Central Bank introduced macroprudential measures for residential mortgage lending in February 2015. The objective of these mortgage measures is to increase the resilience of the banking sector and households and to reduce the...

Written Answers — Department of Finance: Illicit Trade (20 Oct 2021)

Paschal Donohoe: I am advised by Revenue that they use a range of measures to tackle the sale of illicit cigarettes on the black market. At the core of these measures is identifying and targeting the smuggling of illicit tobacco products into the State, with a view to disrupting the supply chain, seizing the products and, where possible, prosecuting those involved. Revenue’s strategy involves...

Written Answers — Department of Finance: Departmental Contracts (20 Oct 2021)

Paschal Donohoe: Deputy, in relation to your question concerning Kinzen Limited previously known as Neva Labs, I wish to advise that no meetings have been held and no correspondence has been conducted with this company, either by myself or by any official from my Department. I can also confirm that my Department has not engaged the services of Kinzen Limited previously known as Neva Labs and that no payment...

Written Answers — Department of Finance: Tax Code (20 Oct 2021)

Paschal Donohoe: Council Directive 2011/64/EU sets out EU rules on the structure and rates of excise duty applied to manufactured tobacco. The Directive defines and classifies various manufactured tobacco products according to their characteristics and lays down the relevant minimum rates of excise duty for the different types of products. The purpose of the Directive is to ensure the proper functioning of...

Written Answers — Department of Finance: Customs and Excise (20 Oct 2021)

Paschal Donohoe: Council Directive 92/83/EEC, also known as the “Alcohol Structures Directive”, lays down a harmonised approach for the application of excise duties on alcohol and alcoholic beverages in the EU. It sets out the categories of alcohol and alcoholic beverages that fall within scope of taxation and the basis on which excise duties on such products are to be established. Council...

Written Answers — Department of Finance: Customs and Excise (20 Oct 2021)

Paschal Donohoe: I am informed by Revenue that the necessary data are not provided on tax returns to enable an accurate estimate of the cost of extending the 50% excise relief (available to qualifying microbreweries) to cider brewers and other fermented beverage manufacturers. The following table sets out the value of Alcohol Products Tax (APT) relief for beer produced in qualifying microbreweries for the...