Results 20,121-20,140 of 33,049 for speaker:Paschal Donohoe

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: In light of what Deputy Mattie McGrath said, in particular, I reiterate that the Naval Service is a good employer and a good place to work. Our Defence Forces seek to pay and reward their staff well for the difficult and demanding work they do. I acknowledge, however, as the Public Service Pay Commission also did, that because of the strength of earnings growth across our economy at the...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: Beliefs are better.

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: First, to respond to Deputy Burton, we publish a report on SARP each year that makes all the information available insofar as it can be without breaching taxpayer confidentiality. Second, I heard a figure of €3 million raised by two Deputies. I remind the House that last year I introduced a cap of €1 million. While €1 million is still a vast sum of money, I introduced...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: I acknowledge the extraordinary importance of the work done by janitors and teachers. They truly are the definition of the public good and the work they do is essential to the public services provided in our hospitals and schools. I understand the clarification made by Deputy Pearse Doherty. Incidentally, I am never offended by what he says and I wish to put him at ease if that is a...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: I thank the Deputy for raising this issue, which we discussed on Committee Stage. As he was good enough to acknowledge, the changes we made in this area were broadly welcomed by the SME sector. These particular changes followed on from consultation we had with the SME sector and that my officials had with them before the summer. We have followed up on this issue in the context of...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: As the Deputy was brief, I will also be brief. Given that I am sure he supports workers owning the practice and means of production, I would have thought it might be possible for him to see the attraction of ensuring workers are able to benefit from the value of the company they are in. I take his point, if I understand him correctly, on whether we need taxation to incentivise the issue of...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: Remote working or e-working is defined by the Revenue Commissioners as when an employee works from his or her home on either a full-time or part-time basis, with the remainder of time spent in the normal place of work or working while on the move, with visits to the normal place of work. E-working involves working for substantial periods outside the normal place of work, logging on to a work...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: In truth, I do not know if will be in a position to commit to anything in respect of budget 2021.

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: They sure can be. The Deputy has heard my rationale for believing that this particular change is not merited. It is because of the array of supports already in place. One could go so far as to make the case, given that it has just committed to a massive capital investment programme for a national broadband plan to facilitate working from home, that the State has made the intervention...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: I have written to the Revenue Commissioners and anticipate a response from them imminently. When I get it, I will make the details from that available to the House. I am aware of the issues raised by Deputy Michael McGrath and the number of workers who would be affected by the measure. I ask the Deputy not to press the amendment. He could do this in anticipation of me making the Deputies...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: I am aware of the impact that this change will have on those who are affected by it. I agree that the House needs to be informed in a timely manner on how the issue stands. I was asked if there is any plan to remove the current collection arrangements for flat-rate expenses. The answer is that there is not. While I am aware of the effect this will have on those who are impacted by the...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: I thank the Deputy for raising this matter again. I know that it is of real concern to him, to the organisation involved and, of course, to his constituents, for whom this very important service is provided. Notwithstanding the appreciation I have for the issue and the way in which the Deputy has raised it, I have questioned it again since he raised it on Committee Stage and I cannot...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: I take the Deputy's clarification. Of course he is right, it is the company. However, that just emphasises my point regarding a level playing field for companies paying tax. What the amendment is looking for is that a charity would not pay VAT when buying goods from a UK registered company that becomes registered in Ireland. How can that be fair to every other charity or company that pays...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: I move amendment No. 9: In page 30, line 16, to delete "10 years" and substitute "7 years". On foot of the 2018 Indecon review of the employment investment incentive, EII, and following on from the priority package of measures I implemented in last year's Finance Bill, I have brought forward a number of enhancements to the EII scheme to increase its effectiveness and attractiveness, at...

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: I move amendment No. 10: In page 30, line 19, to delete "10 years" and substitute "7 years".

Finance Bill 2019: Report Stage (19 Nov 2019)

Paschal Donohoe: I move amendment No. 11: In page 30, to delete line 24 and substitute "paragraph (a).",".

Written Answers — Department of Finance: Tax Code (19 Nov 2019)

Paschal Donohoe: I am advised by Revenue that tenants in common hold a property in separate shares. The proportion of the property which each tenant in common holds will be specified in the deed which transferred ownership of the property to them. It appears on the basis of the information supplied that the tenants in common hold this property in unequal 60:40 shares, and presumably are entitled to any...

Written Answers — Department of Finance: Tax Code (19 Nov 2019)

Paschal Donohoe: There is no tax based scheme along the lines suggested by the Deputy. Regardless of whether a property is in negative equity, the rental income of the property for tax purposes is the gross rent less the allowable expenses incurred in earning that rent, as specified in section 97(2) of the Taxes Consolidation Act (TCA) 1997. The main deductible expenses are: - any rent payable by the...

Written Answers — Department of Finance: Credit Union Regulation (19 Nov 2019)

Paschal Donohoe: The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions. Under Section 84 of the Credit union Act, 1997 the functions of the Central Bank are to administer the system of regulation and supervision of credit unions with a view to the: - Protection by each credit union of the funds of its members; and - Maintenance of the financial stability and...

Written Answers — Department of Finance: Credit Unions (19 Nov 2019)

Paschal Donohoe: In 2017, the Central Bank undertook a review of the investment framework for credit unions. On 1 February 2018, the Central Bank published the feedback statement on CP109 and amending investment and liquidity regulations for credit unions. These amending regulations have been applicable to credit unions since 1 March 2018. Under these regulations, credit unions are permitted to invest in a...