Results 20,861-20,880 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Foreign Affairs and Trade: Banking Sector (27 May 2020)

Paschal Donohoe: As the Deputy will be aware, An Taoiseach, Leo Varadkar T.D. and I, along with the Minister for Business, Enterprise & Innovation, Heather Humphreys T.D., met with the Chief Executives of the five Irish major retail banks earlier this month. The Taoiseach emphasised the important role of the banking sector in supporting the gradual re-opening of the Irish economy by ensuring a...

Written Answers — Department of Foreign Affairs and Trade: Banking Sector (27 May 2020)

Paschal Donohoe: I have not had any communication with the bank referred to by the Deputy in relation to the carrying out of property valuations. It should be noted that the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (SI 142 of 2016) places certain requirements on mortgage lenders in relation to the standards of, and used by, property appraisers when carrying out a property...

Written Answers — Department of Foreign Affairs and Trade: Covid-19 Pandemic Supports (27 May 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced by the Emergency Measures in the Public Interest (Covid-19) Act 2020. This scheme provides the payment of income supports to employers in respect of eligible employees where the employer’s business activities have experienced significant negative disruption due to the coronavirus pandemic. The TWSS is operated by employers...

Written Answers — Department of Foreign Affairs and Trade: Covid-19 Pandemic Supports (27 May 2020)

Paschal Donohoe: I propose to take Questions Nos. 71 and 76 together. The Temporary Wage Subsidy Scheme (TWSS) was is provided for in section 28 of the recently enacted Emergency Measures in the Public Interest (Covid-19) Act 2020. The TWSS is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. Of necessity, the underlying legislation and the scheme itself were...

Written Answers — Department of Foreign Affairs and Trade: Covid-19 Pandemic Supports (27 May 2020)

Paschal Donohoe: Section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020 sets out the qualifying conditions required for access to the Temporary Wage Subsidy Scheme (TWSS). The legislative requirements are that; - the business is suffering significant negative economic impact due to the pandemic, - the employees were on the payroll at 29 February 2020, and - the employer had fulfilled...

Written Answers — Department of Foreign Affairs and Trade: Revenue Commissioners (27 May 2020)

Paschal Donohoe: I am advised by Revenue that three panels were formed as a result of the 2018 Administrative Officer Audit and Compliance competition. These three panels expired on 31 December 2019, in line with normal practice on the duration of such panels. While on relatively rare occasions, Revenue may consider extending panels for business reasons, in this instance there is no business requirement...

Written Answers — Department of Foreign Affairs and Trade: Mortgage Lending (27 May 2020)

Paschal Donohoe: The European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (CMCAR) provide that, before concluding a mortgage credit agreement, a lender must make a thorough assessment of the consumer’s creditworthiness. The assessment must take appropriate account of factors relevant to verifying the prospect of the consumer being able to meet his or her obligations under the credit...

Written Answers — Department of Foreign Affairs and Trade: Corporation Tax (27 May 2020)

Paschal Donohoe: As the Deputy will be aware, Members of the European Council met by video conference on 26thMarch to discuss the COVID-19 crisis. In their statement of the 26thMarch, leaders acknowledged that the pandemic constitutes an unprecedented challenge for Europe and the whole world and that it required urgent, decisive, and comprehensive action at the EU, national, regional and local levels. Leaders...

Written Answers — Department of Foreign Affairs and Trade: Covid-19 Pandemic Supports (27 May 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) is provided for in section 28 of the recently enacted Emergency Measures in the Public Interest (Covid-19) Act 2020. The TWSS is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. Of necessity, the underlying legislation and the scheme itself were developed quickly, having regard to the urgent Government...

Written Answers — Department of Foreign Affairs and Trade: Small and Medium Enterprises (27 May 2020)

Paschal Donohoe: As Minister for Finance, I have no function in the commercial lending decisions made by banks but if an SME has been refused bank credit then Credit Review can assist them (). Credit Review helps SMEs and farmers who have had an application for credit of up to €3 million declined or reduced by the main banks, and who feel that they have a viable business proposition. This is a strictly...

Written Answers — Department of Foreign Affairs and Trade: Help-To-Buy Scheme (27 May 2020)

Paschal Donohoe: The Government is conscious that there is currently a supply shortage of housing and of the particular challenges faced by first-time buyers. Section 477C of the Taxes Consolidation Act of 1997 provides for The Help to Buy scheme (HTB) which was initially announced on 19 July 2016 as part of the ‘Rebuilding Ireland: Action Plan for Housing and Homelessness’. HTB was due to...

Written Answers — Department of Foreign Affairs and Trade: Insurance Industry (27 May 2020)

Paschal Donohoe: At the outset, I believe it is important to state that neither I, as Minister for Finance nor the Central Bank, can compel insurers to provide rebates for public liability insurance and employer liability insurance for those businesses forced to close due to restrictions put in place to prevent the spread of COVID-19 to their customers. This said, I am aware that there have been many...

Written Answers — Department of Foreign Affairs and Trade: Covid-19 Pandemic Supports (27 May 2020)

Paschal Donohoe: As the Deputy will be aware, Revenue has worked with my Department to introduce a series of measures and supports to help businesses deal with the impacts of the COVID-19 pandemic. Further details on each of these measures and some clarifications in respect of existing measures which are relevant can be found on the Revenue website at the following link: . Many of these supports are...

Written Answers — Department of Foreign Affairs and Trade: Covid-19 Pandemic (27 May 2020)

Paschal Donohoe: I recognise that these are undoubtedly very difficult and unprecedented times. A series of tax and other measures have been put in place to ameliorate particular difficulties. These measures continue to be considered as the situation evolves. I have absolute confidence that Revenue will respond appropriately to tax issues faced by taxpayers as a consequence of the COVID 19 situation and will...

Written Answers — Department of Foreign Affairs and Trade: Cycle to Work Scheme (27 May 2020)

Paschal Donohoe: Section 118(5G) of the Taxes Consolidation Act 1997 provides for the cycle to work scheme. This scheme provides an exemption from benefit-in-kind where an employer purchases a bicycle and associated safety equipment up to a maximum of €1,000 for an employee to use, in whole or in part, to travel to work. The purpose of the cycle to work scheme, introduced by the Finance (No. 2) Act...

Written Answers — Department of Foreign Affairs and Trade: Company Liquidations (27 May 2020)

Paschal Donohoe: As the Deputy will be aware, I have engaged, and will continue to engage, extensively with the Banking and Payments Federation (BPFI) and the banks directly in relation to supports for personal and business customers affected by the COVID-19 crisis. Furthermore, officials in my Department are alert to issues raised directly by the public and these inform the Department’s ongoing...

Written Answers — Department of Foreign Affairs and Trade: Tax Code (27 May 2020)

Paschal Donohoe: I am advised by Revenue that taxpayers who are required to pay preliminary tax, whether individuals or companies, are required to estimate their tax liability for the year (or for an accounting period in the case of company) and to make payments on account in respect of that tax liability. The law affords taxpayers options on how to calculate their preliminary tax payments, including in most...

Written Answers — Department of Foreign Affairs and Trade: Covid-19 Pandemic Supports (27 May 2020)

Paschal Donohoe: Section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020 is the legislation underpinning the Temporary Wage Subsidy Scheme (TWSS). The Government’s priority in so far as the TWSS is concerned was, and is, to ensure that all employers experiencing significant negative economic disruption from COVID-19 can register for, and start to receive, payment quickly. The...

Written Answers — Department of Foreign Affairs and Trade: Covid-19 Pandemic Supports (27 May 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme is only available to employers registered in Ireland whose business activities are adversely impacted by the COVID-19 pandemic and applies as regards employees who were on the employer’s Irish payroll at 29 February 2020. In relation to eligible companies who are registered as employers here, the scheme applies to companies resident for tax purposes...

Written Answers — Department of Foreign Affairs and Trade: Covid-19 Pandemic Supports (27 May 2020)

Paschal Donohoe: In response to the Covid 19 Public Health emergency, the Government developed a suite of measures designed to support households and businesses that have been negatively impacted by the pandemic and the restrictions that were put in place as a result. These measures include temporary income support for individuals by way of the Pandemic Unemployment Payment (PUP) and the Temporary Wage...