Results 10,081-10,100 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (8 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: Social and Affordable Housing (8 Dec 2020)

Paschal Donohoe: As the Deputy may be aware, National Asset Residential Property Services DAC (NARPS) is a NAMA subsidiary which operates by purchasing suitable residential units directly from NAMA debtors and receivers and leasing them on to Local Authorities or Approved Housing bodies for social housing use. I am advised by NAMA that NARPS currently owns 1,372 properties, all of which are leased directly to...

Written Answers — Department of Finance: Tax Data (8 Dec 2020)

Paschal Donohoe: I am advised by Revenue that, as employers are not obliged to provide details in relation to the provision of this non-taxable benefit in their tax returns, Revenue has no information on which to estimate the tax revenue forgone as requested by the Deputy.

Written Answers — Department of Finance: Value Added Tax (8 Dec 2020)

Paschal Donohoe: Under the Ireland – Northern Ireland Protocol, there will be no change after 1 January to the existing VAT treatment of a supply of goods by a VAT registered business in Northern Ireland to a customer in the State. In relation to Customs and in accordance with the Protocol there will be no customs declarations, tariffs or quantitative restrictions and no security protocol.

Written Answers — Department of Finance: Departmental Schemes (8 Dec 2020)

Paschal Donohoe: I am advised by Revenue that all issues relating to matter raised by the Deputy have been resolved. Revenue has also confirmed that the business is now registered as a Qualifying Contractor for the Help to Buy (HTB) Incentive Scheme.

Written Answers — Department of Finance: Small and Medium Enterprises (8 Dec 2020)

Paschal Donohoe: My Department has no responsibility or remit for issuing financial grants to small and medium sized Irish businesses on an ongoing basis. I understand this matter falls to my ministerial colleague in the Department of Enterprise Trade and Employment, who is also responding to a duplicate of this question.  However, my Department in conjunction with Revenue Commissioners...

Written Answers — Department of Finance: Banking Sector (8 Dec 2020)

Paschal Donohoe: The Central Bank has advised that the Tracker Mortgage Examination required all lenders to review all mortgage accounts in respect of both private dwelling houses and buy to let properties (but it did not include non-home commercial mortgages) up to the end of 2015, - that originated on tracker interest rates; - that had tracker interest rates applied at any stage...

Written Answers — Department of Finance: Tax Rebates (8 Dec 2020)

Paschal Donohoe: The Deputy will be aware that this question was the subject of extensive debate in the Dail and Seanad debates on the Withdrawal of United Kingdom from the European Union (Consequential Provisions) Bill 2020. In the course of the committee stage in the Dáil, I introduced an amendment reducing the threshold from €175, in the Bill as published, to €75 in recognition of...

Written Answers — Department of Finance: Financial Services Regulation (8 Dec 2020)

Paschal Donohoe: As the Deputy is aware AIB is a bank which is listed on the Irish Stock Exchange and the London Stock Exchange and it would not be appropriate for me as Minister for Finance to comment on any media speculation.

Written Answers — Department of Finance: Financial Services Regulation (8 Dec 2020)

Paschal Donohoe: The Deputy will be aware that Government policy on banking remuneration has remained unchanged since the financial crisis. Extensive restrictions are in place and these are not simply confined to a small number of senior bankers whose pay is restricted by the €500,000 pay cap. These affect circa 23,000 workers across the three banks in which the State has a shareholding. The policy...

Written Answers — Department of Finance: Departmental Staff (8 Dec 2020)

Paschal Donohoe: I wish to advise the Deputy during 2017, 2018 and 2019 the Department satisfied the 3% target of employing staff with disabilities and the Department is aware of the increase in the targets to 6% to be achieved by 2024 and is committed to achieving this revised target. The following table sets out the...

Written Answers — Department of Finance: Covid-19 Pandemic (8 Dec 2020)

Paschal Donohoe: My Department has been proactive in implementing all requirements set out in the previous Return to Work Safely Protocol issued on 9th May and continues to be proactive in effectively implementing all requirements set out in the revised Work Safely Protocol - Covid-19 National Protocol for Employers and Workers issued on 20th November. Our priority continues to be the safety and...

Health Insurance (Amendment) Bill 2020: Financial Resolution (3 Dec 2020)

Paschal Donohoe: I move: THAT Section 125A of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999) be amended to provide for the specified rate of stamp duty in respect of an insured person in respect of relevant contracts renewed or entered into on or after 1 April 2020 and on or before 31 March 2021 and on or after 1 April 2021 in the manner and to the extent specified in the Act giving effect to this...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: Let us begin with the science. I have listened to Sinn Féin quote the ESRI at length in other debates, so let us quote the report that Deputy Carthy, in his contribution earlier, said did not exist. I quote directly from the early pages of it: Moreover, a carbon tax is the most efficient way of incentivising carbon abatement; that is, of achieving a given reduction in carbon...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: Deputy Doherty is well able to dole it out. He has to take the argument back. If he wants a debate, let us have a debate about this. When the next young boy or girl comes up to Sinn Féin in rural Ireland and asks what it is doing to respond to climate change, how will Sinn Féin answer with credibility? Given the increase in carbon emissions that are causing such harm to our...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: Deputy Barry is correct that there is a change of circumstances with what is happening with the United Kingdom leaving the European Union. I make two points on the Deputy's analysis. The first is that, with the United Kingdom leaving the European Union, it does not change the fact that other countries are still eager to maximise the amount of international jobs and investment they could...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I propose to take amendments Nos. 69 and 70 together. The trading profits of companies in Ireland are generally taxed at the standard corporation tax rate of 12.5%. Some of the main features of the current corporation tax regime are its simplicity and the fact it applies to a broad base. Our growth-friendly tax system has contributed to improvements in living standards for all citizens and...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: The Deputy has shared new information with me and I will look at that. I can remember the exact debate he and I had on this a couple of years ago when I said this tax credit is predicated on quality employment being made available. He asked me in the Dáil Chamber what would happen with the tax credit if that quality employment was not available. I said at that point we would have to...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I acknowledge the work the Deputy has done on this matter, which he has raised in our debates on several Finance Bills. As he acknowledged, I made changes on foot of that. We debated this issue on Committee Stage. I will not repeat the arguments because the Deputy knows what they are and he knows that I take this matter seriously. As I indicated to him in the previous debate, it is my...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I was not lecturing the Deputy yesterday. We were engaged in a debate. Each of us was making political points on an important section of the Finance Bill. It was not a lecture. With regard to the amendment, the costs of assets used to generate taxable trading profits are recognised as legitimate business expenses. While these costs are not fully tax-deductible in the year they are...