Results 9,121-9,140 of 32,864 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: I want to respond to that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: Let us just take a step back and consider what the Chairman has said I did not do. In respect of two banks, in which the State has no share and which are internationally owned, the Chairman is suggesting that I should have been involved in the sale process and played a role in attracting other buyers. I am telling the Chairman that there is not a wave of other buyers who want to come into...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: With the Chairman's consent, I will give a quick answer to that question. Our membership of the Single Market means that we now have an array of financial services providers here in Ireland. While they do not have branches here, they are providing cards, current accounts and debit payment facilities to many consumers in Ireland. Our membership of the Single Market is allowing that to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: Our Estimates-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: Deputy Durkan referred to our "discourse", so we must have been doing something right.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Apr 2021)

Paschal Donohoe: The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. Details of the CRSS are set out in Finance Act 2020 and detailed operational guidelines, which are based on the terms and conditions of the scheme as set out in the legislation, have been published on...

Written Answers — Department of Finance: Economic Policy (1 Apr 2021)

Paschal Donohoe: We are in a period of unprecedented uncertainty. Our current focus is on maintaining existing supports and ensuring that they continue to support those most impacted by the Covid-19 pandemic. The Government has introduced a number of schemes to support individuals and businesses who have been impacted by the pandemic. Of the three primary schemes, the Pandemic Unemployment Payment has paid...

Written Answers — Department of Finance: Brexit Supports (1 Apr 2021)

Paschal Donohoe: The new Trade and Cooperation Agreement between the EU and UK is a positive conclusion to the transition period. However, the new agreement still represents a break from previously existing arrangements, and thus a permanent shock to the Irish economy. Therefore, Brexit will still have a negative economic impact on the Irish economy and living standards compared to the previous relationship....

Written Answers — Department of Finance: Insurance Industry (1 Apr 2021)

Paschal Donohoe: The Government has prioritised the reform of the insurance sector in order to improve the cost and availability of this key financial service, including for businesses. The Action Plan for Insurance Reform sets out 66 actions in this regard across several policy areas, including my Department, with 95% due to be completed by the end of 2021. At its most recent meeting, the Cabinet Sub-Group...

Written Answers — Department of Finance: Economic Policy (1 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 63, 67 and 69 together. Approaching the pandemic, the Irish economy was in a healthy position. Strong rates of economic growth had been recorded for a number of years, the labour market was effectively at full employment, while surpluses were recorded on the current account of the balance of payments and the government budget balance. While the negative...

Written Answers — Department of Finance: Mortgage Interest Rates (1 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 64 and 71 together. I am aware that the general level of interest rates on new mortgage lending in Ireland are higher than is the case in many other European countries, though it should also be noted that recent trends indicate that certain mortgage rates have been falling. For example, the interest rates on new fixed rate mortgages (excluding renegotiations)...

Written Answers — Department of Finance: Financial Services Sector (1 Apr 2021)

Paschal Donohoe: My Department has been participating in whole of Government preparations for Brexit since before the UK referendum in 2016 and, in line with the Government’s overall approach, this work intensified during 2020 ahead of the end of the transition period. My Department has been working closely with the Central Bank of Ireland and the National Treasury Management Agency (NTMA), through the...

Written Answers — Department of Finance: Economic Policy (1 Apr 2021)

Paschal Donohoe: Prior to the pandemic Irish economic fundamentals were very strong, with robust growth, a labour market close to full employment, and dual surpluses in the current account of the balance of payments and the public finances. The outbreak of the pandemic turned the economy on its head in the space of a few weeks, with the introduction of Covid-19 restrictions resulting in a sharp contraction in...

Written Answers — Department of Finance: Tax Code (1 Apr 2021)

Paschal Donohoe: As the Deputy will be aware tax sovereignty is an important issue for Ireland. Ireland believes that the current unanimity based voting procedure which applies among EU Member States is the most appropriate voting system in the area of taxation. Indeed, over the last 4 years, over 20 taxation initiatives have been agreed by Member States through this voting process. This is an average of...

Written Answers — Department of Finance: House Prices (1 Apr 2021)

Paschal Donohoe: The Department of Finance continues to monitor all aspects of the housing market, including the rate of property price inflation. As of January 2021, annual property price inflation stood at 2.6 per cent. The Government’s primary response to mitigating residential price inflation is to increase supply. I am encouraged by the stability in new dwelling completions last year in spite...

Written Answers — Department of Finance: Mortgage Lending (1 Apr 2021)

Paschal Donohoe: The Central Bank of Ireland, as part of its independent mandate to preserve and protect financial stability in 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...

Written Answers — Department of Finance: Economic Policy (1 Apr 2021)

Paschal Donohoe: As the Deputy will be aware, on 21stJuly 2020, Heads of State and Government reached agreement on the €1.074 trillion Post-2020 Multiannual Financial Framework (MFF) and €750 billion recovery plan “Next Generation EU” (NGEU), totalling €1.82 trillion. The centrepiece of the NGEU is the Recovery and Resilience Facility, made up of €312.5 billion in...

Written Answers — Department of Finance: Tax Data (1 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 74 and 75 together. I am advised by Revenue that the yield from Sugar Sweetened Drinks Tax (SSDT) in 2018 and 2019 is published on the Revenue website at the following link: The provisional receipts for 2020 and the first three months of 2021 are shown in the table below. Year €m 2020 31.3 ...

Written Answers — Department of Finance: Tax Data (1 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 76 and 77 together. I am advised by Revenue that the annual increases in the retail price of the most popular price category (MPPC) for a 20 pack of cigarettes since 2011 are shown in the table below, together with the portions related to tax increases and trade increases. Year MPPC Tax Trade Total MPPC ...

Written Answers — Department of Finance: Tobacco Control Measures (1 Apr 2021)

Paschal Donohoe: Revenue is a fully integrated tax and customs administration and, as a result, I am advised that it is not possible to disaggregate the resources deployed, or funding dedicated, at any given time to combat tobacco smuggling. Revenue currently has approximately 2,000 staff engaged on activities that are dedicated to targeting and confronting non-compliance. These front-line activities include...