Results 11,161-11,180 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector (23 Sep 2020)

Paschal Donohoe: Ulster Bank Ireland is a significant employer, has 88 branches, has a sizeable market share in terms of mortgage lending and SME lending and it is important in terms of providing competition in the Irish market. I aware of the media reports suggesting that NatWest is engaged in a strategic review of its operations and specifically examining options in relation to Ulster Bank Ireland. The...

Written Answers — Department of Finance: Banking Sector (23 Sep 2020)

Paschal Donohoe: A recent Indecon report on Community Banking in Ireland, published by my Department in December 2019, concluded that there is extensive provision of banking services by credit unions, An Post, as well as by commercial banking providers in the Irish market. The report found that there are 1,912 branches operated by banks, credit unions and post offices in Ireland, 63% of these branches are...

Written Answers — Department of Finance: Tax Reliefs (23 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 67 and 68 together. In accordance with the section 481 certification process, where a project has been suspended, it is a requirement for production companies to notify the suspension to the Department, of Media, Tourism, Arts, Culture and Sport (DMTACS). It is my understanding that the DMTACS have received a number of such notifications as a result of the...

Written Answers — Department of Finance: Tax Collection (22 Sep 2020)

Paschal Donohoe: I am advised that Revenue has announced a further four-week extension to the Income Tax Pay & File deadline for customers making their returns and payments through the Revenue On-Line System (ROS). The additional time, to Thursday 10 December 2020, is in recognition of the challenges being experienced by the business community and by tax practitioners arising from the COVID-19...

Written Answers — Department of Finance: Value Added Tax (22 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.

Written Answers — Department of Finance: Wage Subsidy Scheme (22 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 226 and 230 together. The Deputies will be aware that under Section 851A of the Taxes Consolidation Act 1997, Revenue is precluded by reason of its taxpayer confidentiality obligations, from providing any details in relation to the company in question. I have been advised by Revenue that questions relating to an individual’s entitlements and rights in...

Written Answers — Department of Finance: Help-To-Buy Scheme (22 Sep 2020)

Paschal Donohoe: The Help to Buy (HTB) scheme was introduced to help first-time buyers of newly built homes. The scheme is applicable where a first-time buyer purchases or self-builds a new residential property. Revenue has advised me that the person in question submitted a HTB application in respect of a renovation to an existing dwelling rather than a new build and on that basis does not qualify for the...

Written Answers — Department of Finance: Help-To-Buy Scheme (22 Sep 2020)

Paschal Donohoe: The Help to Buy (HTB) incentive, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. In addition to the conditions laid down in section 477C Taxes...

Written Answers — Department of Finance: Wage Subsidy Scheme (22 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 229 and 269 together. The Temporary Wage Subsidy (TWSS) was in place for 22 weeks between 26 March and 31 August. It was introduced as an emergency income support for employees of vulnerable firms (where turnover had reduced by at least 25% during Q2 while the strictest public health measures were in place) and was paid via the employer so as to maintain...

Written Answers — Department of Finance: Free Travel Scheme (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that it has not been possible to identify the person in question from the information provided by the Deputy. I am also advised that Revenue made direct contact with the Deputy’s office to confirm the person’s details and is awaiting a reply. Once the person’s identity is established, Revenue has assured me that the matter will be dealt with as a...

Written Answers — Department of Finance: Wage Subsidy Scheme (22 Sep 2020)

Paschal Donohoe: 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. As a result, a number of flexibilities have been included in the EWSS, while the rates and...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Sep 2020)

Paschal Donohoe: I have been advised that a Supreme Court decision of 18thJune found in favour of two appellants against the Disabled Drivers Medical Board of Appeal’s refusal to grant the individuals Primary Medical Certificates (PMC). My officials are currently examining the judgement, in conjunction with the Attorney General’s Office, and will bring forward any policy and/or legislative...

Written Answers — Department of Finance: Tax Incentives (22 Sep 2020)

Paschal Donohoe: As the Deputy may 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: Wage Subsidy Scheme (22 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 235, 245 and 272 together. The Employment Wage Subsidy Scheme (EWSS), which commenced on 1 September 2020 (I July for certain newly hired employees and seasonal workers), provides a flat-rate subsidy to qualifying employers based on the numbers and gross pay of eligible employees on their payroll. The EWSS replaces the Temporary Wage Subsidy Scheme (TWSS)...

Written Answers — Department of Finance: Bank Charges (22 Sep 2020)

Paschal Donohoe: As the Deputy is aware as Minister for Finance I have no role in the commercial decisions made by the banks, including the structure and level of pricing for their various product offerings. This applies equally to the banks in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks which must be run on an independent...

Written Answers — Department of Finance: Tax Data (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that tax records are categorised by activity using an EU standard known as NACE codes (economic activity classification). This classification system does not separately distinguish live action film making, but NACE code 5911 relates to the sector ‘motion picture, video and television programme production activities.’ The number of taxpayer units, their...

Written Answers — Department of Finance: Tax Collection (22 Sep 2020)

Paschal Donohoe: I am advised that Revenue has announced a further four-week extension to the Income Tax Pay & File deadline for customers making their returns and payments through the Revenue On-Line System (ROS). The additional time, to Thursday 10 December 2020, is in recognition of the challenges being experienced by the business community and by tax practitioners arising from the COVID-19...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Sep 2020)

Paschal Donohoe: Last March in response to the Covid-19 crisis, the Banking and Payments Federation of Ireland (BPFI) and its members announced a 3-month payment break would be made available for their customers, including SMEs. Following the initial payment break a further 3-month extension was announced by BPFI. As such, the Deputy should note that these payment breaks were introduced on a voluntary basis...

Written Answers — Department of Finance: Wage Subsidy Scheme (22 Sep 2020)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) was legislated for in the Financial Provisions (Covid-19) (No. 2) Act 2020. The EWSS provides a flat-rate subsidy to qualifying employers, based on the number of qualifying employees on the payroll. In order to be eligible for the scheme, an employer must be able to demonstrate that his or her business will experience a 30% reduction in turnover or...

Written Answers — Department of Finance: Tax Credits (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that while working remotely does not entitle PAYE workers to a tax credit, there is a Revenue administrative practice in place when e-workers incur certain expenditure in the performance of their duties of employment from home. Revenue have confirmed that PAYE workers using their primary residence as a workplace during Covid-19 restrictions qualify as e-workers. ...