Results 10,001-10,020 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: National Asset Management Agency (13 Jan 2021)

Paschal Donohoe: I am advised by NAMA that they were not in a position to finalise the information requested within the timeframe provided. I am further advised that they are currently compiling the information as requested and I will provide this information directly to the Deputy once it is received from NAMA.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 289, 290, 293 and 306 together. 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. It applies to businesses who, under the specific terms of the regulations, are required to prohibit or significantly restrict members...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Dec 2020)

Paschal Donohoe: The Irish economy and labour market have undergone an unprecedented shock in 2020 as a result of the pandemic, with nearly every sector negatively impacted either directly or indirectly. In response, the Government introduced the wage subsidy schemes to maintain the link between the employee and employer insofar as is possible, as well as firm viability through a truly exceptional period....

Written Answers — Department of Finance: Mortgage Resolution Processes (17 Dec 2020)

Paschal Donohoe: The consumer protection regulatory framework provides a significant number of protections and supports for borrowers of all ages who are in or facing mortgage arrears. In particular, the Code of Conduct on Mortgage Arrears (CCMA) provides a strong consumer protection framework, aimed specifically at ensuring borrowers in arrears or pre-arrears in respect of a mortgage loan secured on a...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Dec 2020)

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 from a business premises located in a region subject to restrictions...

Written Answers — Department of Finance: Covid-19 Pandemic (17 Dec 2020)

Paschal Donohoe: In relation to the issue raised by the Deputy I would note that joint assessment would not apply in the year of marriage in any event and that instead, both spouses are assessed as single persons throughout the year of assessment in which their marriage took place as set out in Section 1020 of the Taxes Consolidation Act (TCA), 1997. A measure of relief may be given by way of repayment...

Written Answers — Department of Finance: Vehicle Registration Tax (17 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 296 and 298 together. I am advised by Revenue that because of the interruptions to the operation of National Car Testing (NCT) centres and the continuing need to limit the number of customers attending the centres due to COVID 19 restrictions, there are delays in getting pre-registration inspection appointments. Revenue is aware that some people that sought...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Dec 2020)

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: Covid-19 Pandemic Supports (17 Dec 2020)

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: Customs and Excise (17 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 300 and 301 together. I am assured by Revenue that combating the threat which fuel fraud and the illicit alcohol and tobacco trades pose to legitimate businesses, consumers and the Exchequer continues to be a priority. I am assuming that the Deputy, when referring to illegal cross-Border trade of household fuel products, is enquiring about the movement of...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Dec 2020)

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: Value Added Tax (17 Dec 2020)

Paschal Donohoe: I am informed by Revenue that ultimately the VAT revenue collected by the exchequer is the same whether goods are imported from a third country or acquired from another member state. When goods are acquired from another member state, the business that acquires the goods must account for the acquisition and for the subsequent sale, charging the VAT applicable to the goods in question and...

Written Answers — Department of Finance: Banking Sector (17 Dec 2020)

Paschal Donohoe: I will be meeting with representatives of NatWest today. My keys messages will be on the importance of timely and direct communication between staff, their representatives and management throughout the review, especially if there are any developments. I will outline that I expect that any decisions arising from the review will be swiftly communicated to staff, customers and other...

Written Answers — Department of Finance: Mortgage Lending (17 Dec 2020)

Paschal Donohoe: The Deputy may wish to note that, when a loan is sold or transferred, the protections that were available to borrowers prior to the transaction continue to be in place with the new loan owner. This ensures that borrowers whose loans are sold or transferred maintain the same regulatory protections, including under the various Central Bank’s statutory codes of conduct such as the...

Written Answers — Department of Finance: Tax Reliefs (17 Dec 2020)

Paschal Donohoe: The Finance Act 2012 introduced section 825C to the Taxes Consolidation Act, 1997. This section, as amended, provides Income Tax relief for certain individuals assigned during any of the tax years 2012 to 2022 to work in the State. The relief is commonly known as SARP (Special Assignee Relief Programme). The aim of the relief is to reduce the cost to employers of assigning skilled individuals...

Written Answers — Department of Finance: Mortgage Interest Relief (17 Dec 2020)

Paschal Donohoe: A limited form of Income Tax relief is available to certain taxpayers for interest payments on a qualifying mortgage loans, as set out in section 244 of the Taxes Consolidation Act, 1997. The relief has expired for mortgages taken out prior to 2004 and ceased for new borrowings from January 2013. The residual Mortgage Interest Relief is therefore only available on qualifying mortgage...

Written Answers — Department of Finance: Insurance Coverage (16 Dec 2020)

Paschal Donohoe: I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses. However, you should be aware that the provision of insurance is a commercial matter for insurance companies, which is based on an assessment of the risks they are willing to accept. Consequently, neither I nor the Central Bank can interfere in the provision or...

Written Answers — Department of Finance: Banking Sector (16 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 86 and 87 together. I presume that the Deputy is referring to properties which are in the possession of financial institutions arising from a default on a mortgage loan. The Central Bank has supplied me with the table below which provides a summary of properties held by both bank and non-bank entities as at end September-2020. The collected data does not...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Dec 2020)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the introduction of the Employment Wage Subsidy Scheme (EWSS). The scheme commenced on 1 September 2020 and replaced the Temporary Wage Subsidy Scheme (TWSS), which ceased on 31 August 2020. The EWSS is different to the TWSS in that it provides a flat-rate payment to employers and requires a...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Dec 2020)

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,...