Results 11,021-11,040 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Correspondence (30 Sep 2020)

Paschal Donohoe: I am advised by Revenue that since the introduction of the pay and file system, self-assessed income taxpayers have been required to pay annually both preliminary tax for the current year and any balance of tax owing for the previous year.  The payment is due by 31 October in a year, or later if paying online via the Revenue Online Service (ROS).  The amount of the preliminary tax...

Written Answers — Department of Finance: Mortgage Lending (30 Sep 2020)

Paschal Donohoe: As the Deputy will be aware, on 18 March last, the Banking and Payments Federation of Ireland (BPFI) announced a coordinated approach by banks and other lenders to help their customers who were economically impacted by the Covid-19 crisis.  The measures included flexible loan repayment arrangements where needed, including loan payment breaks initially for a period up to...

Written Answers — Department of Finance: Cycle to Work Scheme (30 Sep 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) has now been replaced by the Employment Wage Subsidy Scheme (EWSS), which was legislated for under the recently enacted Financial Provisions (Covid-19) (No. 2) Act 2020.  The specific nature and terms of the EWSS arrangement are separate and distinct from the TWSS.  Where an eligible employer makes a payment of wages, within prescribed...

Written Answers — Department of Finance: Departmental Expenditure (30 Sep 2020)

Paschal Donohoe: I can advise the Deputy that my Department spent €5,688 on media monitoring services for the year 2020 to date from a private contract operator - KANTAR Media Services.

Written Answers — Department of Finance: Credit Availability (30 Sep 2020)

Paschal Donohoe: The Central Bank has indicated that the latest data available for the total car finance market in Ireland - which includes both Irish resident banks and non-banks - is from end-September 2019. At that time, there were 76,153 Personal Contract Plan (PCP) loans outstanding representing a total outstanding stock of €1,456,939,000. In its “Money and Banking”...

Written Answers — Department of Finance: Bank Charges (30 Sep 2020)

Paschal Donohoe: All credit institutions in Ireland are independent commercial entities and the imposition of bank fees and charges are decisions to be made by the boards and management of individual banks which need to be run on an independent and commercial basis. The Deputy will be aware that, as Minister for Finance, I have no statutory role in relation to the charges applied by credit...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Sep 2020)

Paschal Donohoe: The specific nature and terms of the Employment Wage Subsidy Scheme (EWSS) are separate and distinct from the Temporary Wage Subsidy Scheme (TWSS) discussed below.  Where an eligible employer makes a payment of wages, within prescribed limits, to a qualifying employee during the scheme, the employer can claim a EWSS subsidy in respect of that employee. The EWSS will re-establish the...

Written Answers — Department of Finance: Tax Exemptions (30 Sep 2020)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. In regard to the position of the agriculture sector and the impact of the carbon tax, the main agriculture exposure to carbon tax comes from its application to Marked Gas Oil (MGO) which is also...

Written Answers — Department of Finance: Tax Credits (30 Sep 2020)

Paschal Donohoe: I am advised by Revenue that estimated costs for increases to the Earned Income Credit are available on page 6 of the Revenue Ready Reckoner, which is available on the Revenue website at link: https://www.revenue.ie/en/corporate/documents/statistics/rea dy-reckoner.pdf.  As this sets out, the estimated cost of increasing the Earned Income Credit by €150 to €1,650 is...

Written Answers — Department of Finance: Tax Avoidance (30 Sep 2020)

Paschal Donohoe: The European Securities Markets Authority (“ESMA”), the EU’s securities markets regulator, launched a formal inquiry concerning Cum-Ex, Cum-Cum and other dividend withholding tax reclaim schemes in July 2019.  On 24 September 2020 ESMA published a final report on the findings of this inquiry, based on information received from National Competent Authorities...

Written Answers — Department of Finance: Departmental Expenditure (30 Sep 2020)

Paschal Donohoe: I can advise the Deputy that the table below outlines the expenditure incurred by my Department on access to online and hardcopy media publications since May 2020 to date: Publication Format Frequency Cost May 2020 to date) The Irish Times Online Cost from May 2020 to date €5,861.75 Financial...

Written Answers — Department of Finance: Departmental Contracts (30 Sep 2020)

Paschal Donohoe: My Department has engaged the following third–party company for the years 2017, 2018, 2019 and to date in 2020 for the purposes of media monitoring and providing reports on media coverage: Service Provider 2017 2018 2019 2020 KANTAR Media Services 13,782 8,418 9,988 5,688

Written Answers — Department of Finance: Credit Unions (30 Sep 2020)

Paschal Donohoe: In response to the seven questions raised by the Deputy, the Central Bank of Ireland (Central Bank) have provided me with a response on each of the issues which are set out below: 1. Following the High Court appointment of the Joint Liquidators to the Credit Union referred to in the details supplied on 17 June 2020, the Central Bank published the partially redacted...

Ceisteanna Eile - Other Questions: EU Issues (29 Sep 2020)

Paschal Donohoe: That work is under way. An updated report has been published. It is an action plan towards a capital markets union which looks at the different steps member states may be able to take to accelerate progress in how we can arrive at new ways of funding investment and delivering lending, particularly to smaller companies across the EU. I will work in particular with Commissioner...

Ceisteanna Eile - Other Questions: EU Issues (29 Sep 2020)

Paschal Donohoe: It is about jobs, how we can use people's savings to fund within Europe investment that can create more jobs and better income in future. That is the purpose of capital markets union. We have not made the progress on it in the EU in recent years that we had planned and wanted. I believe the kind of context the Deputy referred to will be cause for more ambition and energy in this area. It...

Ceisteanna Eile - Other Questions: EU Issues (29 Sep 2020)

Paschal Donohoe: The best way we can begin to do that work is in our schools. The curriculums in business studies and economics and how the basics of mathematical literacy are taught in secondary school, using real life examples in relation to finances and work, are the foundation towards beginning that. In future, the products that will be available to families and businesses may be safer in many ways, in...

Ceisteanna Eile - Other Questions: Tax Reliefs (29 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 42 and 61 together. The 2020 programme for Government contains several commitments related to working from home, the responsibility for which falls to my Department. There is also a commitment to the development of a "national remote working strategy", and to that end a remote working strategy group has been established. A number of issues are being...

Ceisteanna Eile - Other Questions: Tax Reliefs (29 Sep 2020)

Paschal Donohoe: It sounds, from the way the Deputy introduced the question, that there is already much demand in the homes that he referred to and the Deputy has that work well under way already. How could I not be aware of so many more people now working from home? Of course, they are making the choice regarding where that home will be located. There are supports available within the tax code for this...

Ceisteanna Eile - Other Questions: Tax Reliefs (29 Sep 2020)

Paschal Donohoe: I am not privately concerned about the prospects of offices being empty for the foreseeable future. I am publicly concerned about it. Looking at where we are now across September and October, a time in which many new employees are starting work in new employers throughout the country, for example, for them not to have the opportunity to be able to go into an office to sit with peers and...

Ceisteanna Eile - Other Questions: Tax Reliefs (29 Sep 2020)

Paschal Donohoe: I take the Deputy's point. That is the kind of balance we need to try to move to, where we have offices being used in a way that is different from how they were used in the past but have people in them who are learning, who are healthy and who are safe. The most important priority is to try to keep people safe and try to reduce the spread of this disease. That is why our public health...