Results 20,681-20,700 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector (13 May 2020)

Paschal Donohoe: There is a detailed regulatory framework in place for the banking sector which establishes how they classify non-performing loans and the capital they must set aside for loans that turn non-performing. In general, a loan is defined as non-performing if a customer is assessed as unlikely to pay or repayments on a loan are more than 90 days past-due. It is important to note that banks...

Written Answers — Department of Finance: Tax Reliefs Eligibility (13 May 2020)

Paschal Donohoe: Section 473A of the Taxes Consolidation Act 1997 provides for income tax relief in respect of qualifying tuition fees paid by an individual for a third level education course, subject to the terms and conditions set out in that section. The relief is granted at the standard rate of income tax (currently 20%), where an individual pays qualifying fees for an approved course, whether on his or...

Written Answers — Department of Finance: Financial Services Regulation (13 May 2020)

Paschal Donohoe: First of all, I would expect that all moneylenders would behave responsibly and respect the public health measures, including the social distancing measures, which have been put in place by the Government. Moneylenders should seek to implement alternative repayment methods, if possible, during this time. The Central Bank of Ireland (Central Bank) is responsible for the licensing and...

Written Answers — Department of Finance: Pension Levy (13 May 2020)

Paschal Donohoe: I propose to take Questions Nos. 95 and 96 together. The pension fund levy was introduced in 2011 in the wake of the financial crash and at a time when the economy was in serious difficulties. Urgent action needed to be taken to preserve and boost jobs and it is an unavoidable fact that difficult economic situations require hard and very often unpopular decisions. All sectors of the economy...

Written Answers — Department of Finance: Financial Services Sector (13 May 2020)

Paschal Donohoe: I propose to take Questions Nos. 97 to 100, inclusive, together. On 18 March last I met with Banking and Payments Federation Ireland (BPFI) and the CEOs of the five main retail banks, and following that meeting the banks outlined a coordinated approach, which included payment breaks on mortgages and other loans, to supporting their personal and business customers who have been impacted by the...

Written Answers — Department of Finance: Banking Sector (13 May 2020)

Paschal Donohoe: As the Deputy will be aware, the BPFI announced late last month over 65,000 mortgage payment breaks had been granted since the cross-bank initiative was introduced. The members of the BPFI announced on 30 April, that a further three-month extension to the current payment break will be made available to customers that continue to be directly impacted by the fallout from the Covid-19 pandemic....

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (13 May 2020)

Paschal Donohoe: The legislation underpinning the Temporary Wage Subsidy Scheme (TWSS)is contained inSection 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020. This makes provision for the Minister for Finance to determine the amount of the temporary wage subsidy, with the consent of the Minister for Employment Affairs and Social Protection, given with the concurrence of the Minister...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (13 May 2020)

Paschal Donohoe: On 9 April 2020, Revenue published an initial set of statistics on the operation of the TWSS. These statistics are available at: . The statistics cover the operation of the TWSS to 7 May. The data published include the cost of the scheme to date, numbers of employers and employees in receipt of payments under the scheme and breakdowns of the employee and employer numbers by size of business,...

Written Answers — Department of Finance: Protected Disclosures (13 May 2020)

Paschal Donohoe: A comprehensive and exhaustive response to the Deputy's question is not possible and the reasons for this are set out below, along with data for published numbers of protected disclosures as required under Section 22 of the Protected Disclosures Act 2014. In broad terms a protected disclosure is a disclosure of information which the discloser believes may reveal wrongdoing and which came...

Written Answers — Department of Finance: Tax Code (13 May 2020)

Paschal Donohoe: The flat rate expense (FRE) regime is operated by Revenue on an administrative basis where both a specific commonality of expenditure exists across an employment category and the statutory requirement for the tax deduction as set out in section 114 of the Taxes Consolidation Act (TCA) 1997 is satisfied, namely, that the expenses are wholly, exclusively and necessarily incurred in the...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (13 May 2020)

Paschal Donohoe: The SBCI commissioned an external review of the organisation. EY were appointed to undertake this review following a procurement process. The EY report was due to be launched, alongside the 5 Year Strategic Plan of the SBCI, in late March. This event was postponed due to the Covid-19 crisis. The SBCI is working to reschedule this launch which is expected to occur this month.

Written Answers — Department of Finance: Carbon Tax (13 May 2020)

Paschal Donohoe: The Deputy will be aware that the increase in the carbon tax for non auto fuels took place on the 1st of May as was legislated for in the Finance Act 2019. Set out below is some relevant context to and rationale for this decision. In my Budget 2020 financial statement I announced an increase to the rate of carbon tax from €20 to €26 per tonne of carbon dioxide emissions. This...

Written Answers — Department of Finance: Departmental Offices (13 May 2020)

Paschal Donohoe: I wish to advise the Deputy that the Department of Finance does not have any offices in Counties Longford or Westmeath. The Department's offices are in Dublin, with a small cohort of staff in Tullamore, Co. Offaly.

Written Answers — Department of Finance: Tax Code (13 May 2020)

Paschal Donohoe: I am advised by Revenue that the effective “warehousing” of VAT and PAYE (Employer) liabilities is currently operational. In March this year, Revenue announced that it was suspending debt collection and the charging of interest on late payment for the January/February and March/April 2020 VAT periods and the February, March and April 2020 PAYE (Employer) periods. On 7 May...

Written Answers — Department of Public Expenditure and Reform: Defence Forces Personnel (13 May 2020)

Paschal Donohoe: I refer the Deputy to a similar question asked in November 2019 (PQ Ref 48005/19) which was asked by his colleague, Deputy Michael McGrath. Sections 52(1) to 52(5) of the Public Service Pensions (Single Scheme and Other Provisions) Act 2012 provide for the abatement of a public service pension where a retired public servant, whose pension is in payment, is re-employed in the public...

Written Answers — Department of Public Expenditure and Reform: Ministerial Remuneration (13 May 2020)

Paschal Donohoe: As the Deputy will be aware, under Article 28.11 of the Constitution, the members of the Government in office at the date of a dissolution of Dáil Éireann continue to hold Office and to carry on their duties until their successors have been appointed. Similarly, under the Ministers and Secretaries (Amendment) (No.2) Act 1977, Ministers of State in office at the date of dissolution...

Written Answers — Department of Public Expenditure and Reform: Office of Government Procurement (13 May 2020)

Paschal Donohoe: Public Procurement is governed by EU and National rules. The aim of these rules is to promote an open, competitive and non-discriminatory public procurement regime which delivers best value for money. There is provision for pre-market discussion with suppliers and independent experts, subject to safeguards against distorting competition or violating transparency and non-discrimination...

Written Answers — Department of Public Expenditure and Reform: Departmental Expenditure (13 May 2020)

Paschal Donohoe: The information requested by the Deputy is set out in the table below.These subscriptions are required to support my Department in its day-to-day work and to ensure that its staff have access to the latest information on a broad range of domestic and international issues relevant to its role. My Department keeps the cost and method of subscription under review to ensure that is effective...

Written Answers — Department of Public Expenditure and Reform: Departmental Data (13 May 2020)

Paschal Donohoe: Due to the voluminous data produced by our Web Security Appliances, data is currently available for the top 10 most visited websites by staff working in Department of Public Expenditure and Reform for July 2019 to December 2019 and from Jan 2020 to May, see details below. Please note that sites which operate in the background unbeknownst to the users which are deemed system sites e.g....

Written Answers — Department of Public Expenditure and Reform: Defence Forces Remuneration (13 May 2020)

Paschal Donohoe: Defence Forces personnel have received the benefits of collective pay agreements in the past and it is intended that the future remuneration of Defence Forces personnel will continue to be dealt with within this established process. It is the position that the current Public Service Stability Agreement (PSSA) is currently delivering pay benefits of between 7.4% and 6.2% (or up to 10% for...