Results 11,061-11,080 of 32,864 for speaker:Paschal Donohoe

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Primary Medical Certificates (29 Sep 2020)

Paschal Donohoe: In his question, the Deputy acknowledged the challenges on which we need to reflect. This scheme is very valuable to those who participate in it. They deserve the value afforded by the scheme, which gives help to those who need it most. I need to ensure that, if any further changes are made to the scheme, it will continue to target a great deal of taxpayers' money at those who need it most...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry Regulation (29 Sep 2020)

Paschal Donohoe: Given all the work he has done in this area, the Deputy will be aware of what dual pricing is, so I will not go through the definition. As he himself has acknowledged, the Central Bank has now published the findings of a phase of its work in studying this practice in the Irish market. Our programme for Government includes a commitment to remove this practice from the market. I will be...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Covid-19 Pandemic Supports (29 Sep 2020)

Paschal Donohoe: The banks and the Government are aware of the great challenges that are facing so many. We have put in place and released the supports that made a difference to so many at such a crucial time. Payment breaks were applied to 157,000 customer accounts over the past six months. Those related to mortgages, personal loans and SME loans, and they were a source of considerable relief to customers...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Covid-19 Pandemic Supports (29 Sep 2020)

Paschal Donohoe: I have a responsibility and duty in this regard which I have discharged. It is by discharging this duty and responsibility that 89,000 breaks were granted to mortgage holders who needed them in the first place. Since then, we have seen almost 37,000 of those deciding they do not need the payment breaks, and that they are able to honour their loans in full. What Deputy Doherty has just...

Written Answers — Department of Finance: EU Budget Contribution (29 Sep 2020)

Paschal Donohoe: As the Deputy will be aware, on 21stJuly 2020, Heads of State and Government reached agreement on the Post-2020 MFF and recovery plan Next Generation EU, totalling €1.82 trillion. Difficult discussions took place over four days, but the Government has welcomed this agreement. It is a fair and balanced outcomeand demonstrates that Europe can work collectively to deal with this...

Written Answers — Department of Finance: Tax Code (29 Sep 2020)

Paschal Donohoe: I understand that the Deputy is referring to the recently published Central Bank report “Household Wealth: What is it, who has it, and why it matters”. This report presents the results from the Household Finance and Consumption Survey (HFCS) 2018, which collects data on households’ financial positions. That survey was undertaken prior to the outbreak of...

Written Answers — Department of Finance: Covid-19 Pandemic (29 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 45, 58 and 67 together. As the Deputies will be aware, Revenue set out last Friday how any tax liability arising on the Temporary Wage Subsidy Scheme (TWSS) and the Pandemic Unemployment Payment (PUP) will be dealt with.   While the expected tax liability should be modest in most cases, the position as set out by Revenue is very welcome and...

Written Answers — Department of Finance: Wage Subsidy Scheme (29 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 46, 55, 89, 262, 283 and 314 together. The design of the Employment Wage Subsidy Scheme (EWSS) reflects the changing environment around the COVID-19 pandemic which has shifted from crisis mode to one of living alongside the virus, in line with the recently announced Resilience and Recovery 2020-2021: Plan for Living with COVID-19.  The...

Written Answers — Department of Finance: Wage Subsidy Scheme (29 Sep 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) expired on 31 August 2020.  The Employment Wage Subsidy Scheme (EWSS) replaced the TWSS from 1 September, as the Government’s focus has shifted from an employee income support paid via the employer that maintained the existing employee/employer relationship insofar as was possible, to a direct employer subsidy to help support viable firms...

Written Answers — Department of Finance: Legislative Process (29 Sep 2020)

Paschal Donohoe: The Investment Limited Partnership (Amendment) Bill 2019 passed all stages in Dáil Eireann last year.  The previous Government intended to introduce a number of amendments to the Bill in the Seanad, related to the introduction of anti-money laundering standards and beneficial ownership requirements as signalled at the time in the Dáil.  However, the Bill lapsed with the...

Written Answers — Department of Finance: Mortgage Lending (29 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 49, 50, 54, 56, 73, 76 and 305 together. 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...

Written Answers — Department of Finance: Public Liability Insurance (29 Sep 2020)

Paschal Donohoe: I am very much aware of the problems faced by many businesses, community groups and voluntary organisations in relation to the availability and affordability of public liability insurance.  However, as this is a commercial matter for insurers neither I, nor the Central Bank of Ireland, can direct the pricing of insurance products, and neither can we compel any insurer operating in the...

Written Answers — Department of Finance: Covid-19 Pandemic (29 Sep 2020)

Paschal Donohoe: The COVID-19 pandemic continues to present us with unprecedented economic and social challenges. In dealing with these challenges, the Government has acted swiftly in bringing forward measures that immediately and directly support the economy and help to actively retain and create jobs.  The July stimulus package contained measures to foster economic activity, support businesses and get...

Written Answers — Department of Finance: Tax Code (29 Sep 2020)

Paschal Donohoe: As the Deputy will be aware, a fundamental principle of the Capital Acquisitions Tax regime is that inheritance or gift tax is levied on the beneficiary and that the level of taxation is determined according to their relationship with the disponer. The reason for this approach is that the capital being transferred has not been earned by the beneficiary. In this context,  the effective...

Written Answers — Department of Finance: Brexit Issues (29 Sep 2020)

Paschal Donohoe: Approaching the pandemic, Ireland was in a strong macroeconomic position, with robust economic growth in recent years and an improved fiscal position. While the effects of Covid-19 and Brexit are expected to be severe, these factors support the enduring competitiveness of the Irish economy. The Stability Programme Update (SPU) published in April this year projected a sharp decline in GDP...

Written Answers — Department of Finance: Vehicle Registration Tax (29 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 59, 290, 291 and 292 together. 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.  

Written Answers — Department of Finance: Brexit Issues (29 Sep 2020)

Paschal Donohoe: As the Deputy will be aware, on 21stJuly 2020, Heads of State and Government reached agreement on the Post-2020 Multiannual Financial Framework (MFF) and Next Generation EU, totalling €1.82 trillion. Difficult discussions took place over four days, but the Government welcomes this agreement. This is a fair and balanced outcomeand demonstrates that Europe can work collectively to deal...

Written Answers — Department of Finance: National Debt (29 Sep 2020)

Paschal Donohoe: The fiscal supports put in place to mitigate the worse effects of the pandemic - including business and household supports - have been largely financed by additional borrowing. For this year, the National Treasury Management Agency (NTMA) plans to issue debt instruments at the top end of the revised €20-€24 billion bond funding range announced in April.  So...

Written Answers — Department of Finance: Corporation Tax (29 Sep 2020)

Paschal Donohoe: I am advised by Revenue that a complete analysis of 2020 Corporation Tax receipts will be provided when tax receipts for the year are fully collected and analysed. Due to the role of large companies in annual receipts and the varying payment timelines for Corporation Tax, receipts for the first six months may not offer a reliable guide to the final 2020 outturn.   Revenue has...

Written Answers — Department of Finance: Wage Subsidy Scheme (29 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 64 and 80 together. Bearing in mind my schedule in the run up to the Budget, I would be happy to arrange a meeting between senior officials from my Department and the groups mentioned. However, I would also like to inform the Deputy that I am aware already of the concerns that have been raised from a number of quarters regarding the pace of recovery for...