Results 9,601-9,620 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Vehicle Registration Tax (24 Feb 2021)

Paschal Donohoe: I am advised by Revenue that the cost of Vehicle Registration Tax (VRT) relief on electric cars since its introduction is set out in the following table. Cost of relief €m 2006 0.003 2007 0.003 2008 0.02 2009 0.03 2010 0.2 2011 ...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (24 Feb 2021)

Paschal Donohoe: ISIF publishes bi-annual reporting which contains an update on the status of the operation of the Ireland Strategic Investment Fund, including economic impact reporting. The latest report available on the ISIF website at the following link: ) sets out an overview of ISIF as at 31 December 2020, together with an economic impact report in respect of H1 2020: - ISIF portfolio has generated in...

Written Answers — Department of Finance: Tax Compliance (24 Feb 2021)

Paschal Donohoe: I am advised by Revenue that employees in some sectors, such as the construction industry, may be required to travel to work at different sites. The payment of country money is designed to compensate such employees for expenses incurred travelling varying distances to and from building sites and to cover subsistence expenses. Country money can be paid without deduction of tax where...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which is provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, operated from 26 March 2020 to 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. The scheme was introduced as an emergency measure to provide financial support to businesses that were severely...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 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. The support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from which are chargeable to tax under Case I of Schedule D,...

Written Answers — Department of Finance: Property Tax (24 Feb 2021)

Paschal Donohoe: The Finance (Local Property Tax) Act 2012 (as amended) provides that any property that is in use as, or that is suitable for use as, a dwelling house, is liable to the local property tax (LPT). Therefore, the condition of a property is not relevant where the property is actually occupied as a dwelling house. Where a property is not occupied and is in such bad condition that it is not...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (24 Feb 2021)

Paschal Donohoe: The NTMA has advised me that ISIF integrates a wide range of Environmental, Social and Governance (ESG) factors into its investment decisions across the whole of the Fund. Climate change is a critical issue for the Fund. It is embedded as one of ISIF’s five priority investment themes. ISIF envisages investing c. €300 to €500m in climate related projects over the coming...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (24 Feb 2021)

Paschal Donohoe: The NTMA informs me that ISIF publishes bi-annual reporting which contains an update on the status of the operation of the Ireland Strategic Investment Fund, including economic impact reporting. The latest Report available on the ISIF website at the following link () sets out an overview of the Pandemic Stabilisation Recovery Fund engagements, deployment and pipeline as at 31 December 2020....

Written Answers — Department of Finance: Covid-19 Pandemic (24 Feb 2021)

Paschal Donohoe: In most cases, a lender is legally required under Section 126 of the Consumer Credit Act 1995 to make sure that a mortgage applicant has mortgage protection insurance in place before granting a mortgage loan. However, there are certain exceptions where: - the house in respect of which the loan is made is, in the mortgage lender's opinion, not intended for use as the principal residence of...

Written Answers — Department of Finance: Tax Exemptions (24 Feb 2021)

Paschal Donohoe: I am taking it that the Deputy, in referring to “carbon tax”, is enquiring about the application of Mineral Oil Tax (MOT) to fuel used for fishing boats and for commercial freight and passenger vessels. MOT is an excise duty and is comprised of a carbon and a non-carbon component. The carbon component is often referred to as carbon tax, but it is only one part of the overall tax...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: The objective of the Employment Wage Subsidy Scheme (EWSS) is to support all employment and maintain the link between the employer and employee insofar as is possible. The EWSS has been a key component of the Government’s response to the continued Covid-19 crisis to support viable firms and encourage employment in the midst of these very challenging times. To date, subsidy payments of...

Written Answers — Department of Finance: Mortgage Interest Rates (24 Feb 2021)

Paschal Donohoe: The Deputy may wish to note that where a mortgage or other loan is sold or transferred the provisions of the Consumer Protection (Regulation of Credit Servicing Firms) Acts of 2015 and 2018 will apply. This provides that any person servicing these loans or who holds the legal title to such loans will, unless it already falls within the regulatory remit of the Central Bank, have to be...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which is provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, operated from 26 March 2020 to 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. The scheme was introduced as an emergency measure to provide financial support to businesses that were severely...

Written Answers — Department of Finance: Banking Sector (24 Feb 2021)

Paschal Donohoe: As the Deputy is aware, as Minister for Finance I have no role in the day to day operations of any bank operating within the State including banks in which the State has a shareholding. I am precluded from intervening on behalf of any individual customer in any particular bank. Decisions in relation to commercial matters are the sole responsibility of the board and management of the banks,...

Written Answers — Department of Finance: Brexit Issues (24 Feb 2021)

Paschal Donohoe: I am informed by Revenue that a person who holds a primary medical certificate is entitled to a remission or repayment of VAT and VRT (up to a certain limit) under the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations. Further information on the scheme is available here. Following the withdrawal of the UK from the European Union, an import of a vehicle from Great...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (24 Feb 2021)

Paschal Donohoe: The NTMA informs me that ISIF has made an aggregate of €66m investment into Genuity Science, comprised of €5m investment into Genomics Medicine Ireland in October, 2016, which was later acquired by WuxiNextCode, and a €61m investment into WuxiNextCode in November 2018. WuxiNextCode has since been re-named Genuity Science. All investments were made on commercial terms.

Written Answers — Department of Finance: Gambling Sector (24 Feb 2021)

Paschal Donohoe: The purpose of betting duty is to raise revenues for the State and to account for the negative internalities and externalities generated from betting activities – that is the social costs of problem gambling. There is no direct hypothecation of betting duty to particular causes. Rather, revenues raised from betting duty go directly to the Exchequer and are then partly used to fund the...

Written Answers — Department of Finance: Mortgage Lending (24 Feb 2021)

Paschal Donohoe: Since the COVID-19 situation first arose, I have maintained contact with the BPFI and lenders on the measures they have put in place to assist their customers who are economically impacted by the pandemic. In relation to the particular issue of new mortgage lending, the main retail banks previously confirmed that they are considering mortgage applications and mortgage drawdowns in relation...

Written Answers — Department of Finance: Tax Collection (24 Feb 2021)

Paschal Donohoe: I am aware that Revenue has implemented a range of administrative concessions to assist taxpayers, and their tax agents, in meeting tax return filing and payment deadlines since the beginning of the pandemic, including the suspension of late filing surcharges. Regarding Corporation Tax (CT1) returns, I am advised by Revenue that late filing surcharges in respect of the 2019 tax year have...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: The Debt Warehousing Scheme remains available to support businesses that are experiencing tax payment difficulties arising from the COVID-19 pandemic. The scheme applies to VAT debts, PAYE (Employer) debts, self-assessed income tax amounts (balance of 2019 Income Tax liability and 2020 preliminary tax) and Temporary Wage Subsidy Scheme (TWSS) overpayments. The scheme allows businesses to...