Results 21,041-21,060 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic (16 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 74 and 129 together. The Deputy will aware that card payments, and in particular contactless payments, are being promoted in order to support public health policy at this time. As retail outlets begin to reopen, I am aware that some retailers are choosing to only accept card and contactless payments in store I understand that this may cause...

Written Answers — Department of Finance: Value Added Tax (16 Jun 2020)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law must comply. Under the EU VAT Directive and Irish VAT legislation the supply of building materials is liable to VAT at the standard rate, currently 23%. Member states are not permitted to apply a VAT rate lower than the standard rate to building...

Written Answers — Department of Finance: Cycle to Work Scheme (16 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 76, 77, 136, 137 and 138 together. 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. Safety...

Written Answers — Department of Finance: Nursing Home Fees (16 Jun 2020)

Paschal Donohoe: I am advised by Revenue that the cheque in question dated 9 April 2020 has now been processed.  The cheque was sent to one of Revenue’s smaller offices and the delay in processing it was due to the limited access to that office as a result of travel restrictions imposed during the ongoing COVID-19 pandemic. Revenue has confirmed that it will waive any interest that may arise for...

Written Answers — Department of Finance: Tax Reliefs (16 Jun 2020)

Paschal Donohoe: Section 481 TCA 1997 provides a 32% payable credit for eligible expenditure on film production in Ireland. It is available to Irish and international film production companies that are resident in the State or in an EEA State and carry on business in the State through a branch or subsidiary. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the...

Written Answers — Department of Finance: Covid-19 Pandemic (16 Jun 2020)

Paschal Donohoe: The European Commission Decision C(2020)2146, adopted on 3 April 2020, provides for the importation of goods to fight the effects of COVID -19 from outside the European Union without the payment of VAT or Customs Duty from January 2020.  Such relief is permitted where the goods are imported by or on behalf of State bodies, public bodies and other bodies governed by public law, disaster...

Written Answers — Department of Finance: Credit Unions (16 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 82 and 83 together. The Government welcomes the important work credit unions are doing to support communities throughout Ireland at this difficult time and recognises the key role that credit unions can play in rebuilding the economy, including the SME sector. Credit unions can and do already lend to SMEs, with €114 million of commercial loans...

Written Answers — Department of Finance: Mortgage Lending (16 Jun 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...

Written Answers — Department of Finance: Departmental Legal Costs (16 Jun 2020)

Paschal Donohoe: As the Deputy is aware, the European Commission decided in August 2016 that Ireland had granted State aid to two Apple companies, ASI and AOE. The then Government decided to appeal the Commission’s decision to the European Courts in November 2016. The European Commission’s decision also required that the State recover the alleged State aid. The €8.4m in external costs...

Written Answers — Department of Finance: Mortgage Lending (16 Jun 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...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Jun 2020)

Paschal Donohoe: I am advised by Revenue that the business in question does not meet the essential criteria for qualification for the Temporary Wage Subsidy Scheme (TWSS) . As I indicated in my reply of 3 June last to the Deputy’s previous question about the eligibility of the business concerned for the TWSS,  the legislation underpinning the scheme and the scheme itself were developed quickly,...

Written Answers — Department of Finance: Value Added Tax (16 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 89, 91, 107, 131 and 142 together. I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive, with which Irish VAT law must comply. Under the Directive, Ireland can and does apply a reduced rate, currently 13.5%, to the supply of yoga classes; the Directive does not permit the application of a...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Jun 2020)

Paschal Donohoe: Revenue has advised me that employers within the TWSS who have more than 100 employees account for approximately 3% of all employers in the scheme and 37% of the employees being supported by the scheme.  Notwithstanding any obligations imposed on Revenue under section 851A of the Taxes Consolidation Act 1997 or any other enactment relating to the confidentiality of taxpayer...

Written Answers — Department of Finance: Property Tax (16 Jun 2020)

Paschal Donohoe: I am informed by Revenue that, for those property owners struggling to pay local property tax (LPT), a wide range of payment options are available to suit individual circumstances and payment of LPT can be partially or fully deferred in certain circumstances. In addition, while not restricted to recipients of social welfare payments, such people may qualify for one of the LPT exemptions. ...

Written Answers — Department of Finance: Employment and Investment Incentive Scheme (16 Jun 2020)

Paschal Donohoe: The Employment and Investment Incentive (EII) replaced the Business Expansion Scheme in 2011. It is a tax relief incentive scheme that provides tax relief for investment in certain corporate trades and is targeted at job creation and retention for firms in their first seven years of market operation or before that point.  Generally, companies older than seven years should  be...

Written Answers — Department of Finance: Mortgage Lending (16 Jun 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...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Jun 2020)

Paschal Donohoe: In recognition of the challenges which remain for businesses across the country, the Government decided on 5 June 2020 to extend the Temporary Wage Subsidy Scheme (TWSS) until the end of August. It is not possible to provide an accurate estimate of the cost of the extension.  However, to-date, the scheme is estimated to cost roughly €500 million per week.  The...

Written Answers — Department of Finance: Mortgage Lending (16 Jun 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...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Jun 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was legislated for in section 28 of the 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 really quickly, having regard to the urgent Government...

Written Answers — Department of Finance: Value Added Tax (16 Jun 2020)

Paschal Donohoe: The Government is fully aware of the unprecedented impact that the coronavirus is having on business and people’s livelihoods. In this regard a range of measures have been introduced to provide income support to those who need it while also giving confidence to employers to retain the link with employees so that when this crisis passes our people can get back to work as quickly and...