Results 21,521-21,540 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: The legislation underpinning the Temporary Wage Subsidy Scheme (TWSS) is contained in Section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020. Of necessity, the legislation and the scheme itself were developed very quickly to support the urgent Government objective of getting much needed assistance to employers and employees that have been seriously affected by the...

Written Answers — Department of Finance: Help-To-Buy Scheme (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 354 and 356 together. I am advised by Revenue that some 6,847 applications have been received for the Help to buy scheme (HTB) to date this year, for the period 1 January to 30 June 2020. In that same period, some 2,490 claims were approved. Bearing in mind that HTB is a demand led scheme which is subject to a broad range of variables, including housing...

Written Answers — Department of Finance: Departmental Staff (30 Jul 2020)

Paschal Donohoe: I wish to inform the Deputy that on the commencement of every Dáil, the Department of Public Expenditure and Reform issues guidelines setting out the arrangements for the staffing of Ministerial Offices. The appointment of Special Advisers is subject to section 11 of the Public Service Management Act 1997. The Guidelines for the 33rd Dáil, which incorporate the principles of section...

Written Answers — Department of Finance: Tax Data (30 Jul 2020)

Paschal Donohoe: I am advised by Revenue that an individual’s tax residence position continues to be determined in accordance with the provisions of section 819 Taxes Consolidation Act 1997. In that regard, an individual’s tax residence status is determined by reference to his or her presence in the State during a particular tax year. For example, an individual will be considered tax resident...

Written Answers — Department of Finance: Tax Data (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 359 and 360 together. I am advised by Revenue that Special Assignee Relief Programme (SARP) claimants in 2019 are due to file their tax returns by 31 October 2020 (mid November 2020, if filing and paying through ROS). The latest year for which data are currently published is 2017, which includes a breakdown of SARP claimants into salary bands for 2013-2017....

Written Answers — Department of Finance: Departmental Expenditure (30 Jul 2020)

Paschal Donohoe: My Department has made no payments for services or goods since 2015 to the company named by the Deputy.

Written Answers — Department of Finance: Legislative Measures (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 363 and 364 together. Section 10 of the Financial Provisions (Covid-19) (No.2) Bill 2020 makes a number of amendments to the Taxes Consolidation Act 1997 to provide for a new once-off income tax relief for self-employed individuals carrying on a trade or profession who were profitable in 2019 but, as a result of the Covid-19 pandemic, incur losses in 2020. ...

Written Answers — Department of Finance: Insurance Coverage (30 Jul 2020)

Paschal Donohoe: I am aware that there have been many concerns expressed about how the insurance industry is responding to the needs of its business policyholders in these difficult times, including in terms of honouring business interruption claims. I have considerable sympathy for such policyholders.  However neither I, nor the Central Bank can direct or require that insurers cover claims, including...

Written Answers — Department of Finance: Illicit Trade (30 Jul 2020)

Paschal Donohoe: The serious threat that illicit trade in tobacco, alcohol and fuel products poses to legitimate business, to consumers and the Exchequer is clear and I am assured that combating such criminality continues to be a Revenue priority.  Revenue and An Garda Síochána collaborate closely in acting against cross-Border fuel, alcohol and tobacco crime, and also cooperate with their...

Written Answers — Department of Finance: Departmental Advertising (30 Jul 2020)

Paschal Donohoe: My Department facilitates the “Switch Your Bank” campaign as part of its remit to ensure that consumers are protected within the financial sector in Ireland and to ensure a healthy level of competition. This is a public awareness campaign as part of a range of competition measures agreed with the European Commission to raise awareness and promote customer switching of financial...

Written Answers — Department of Finance: Banking Sector (30 Jul 2020)

Paschal Donohoe: The swift introduction, and subsequent extension to 6 months, of the payment breaks by the Banking and Payments Federation of Ireland was critical for borrowers impacted by Covid-19.  The payment breaks on mortgages allow households to absorb the shock of the crisis, so that as many as possible can recover once the virus is under control. As at the end of June, the Central Bank...

Written Answers — Department of Finance: Rental Sector (8 Sep 2020)

Paschal Donohoe: I am advised by Revenue that income arising from the provision of short term accommodation through online websites is subject to tax and the amount of taxable income is computed and charged to tax in the normal manner. Where the accommodation is provided as part of a trade carried on by the taxpayer, the income is taxable under Case I of Schedule D of the Taxes Consolidation Act 1997.However,...

Written Answers — Department of Finance: Wage Subsidy Scheme (8 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 256, 278 and 290 together. The Employment Wage Subsidy Scheme (EWSS) was legislated for in the recently enacted 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. Under the legislation as enacted, proprietary directors are not qualifying...

Written Answers — Department of Finance: Wage Subsidy Scheme (8 Sep 2020)

Paschal Donohoe: The Temporary Wages Subsidy Scheme (TWSS) was legislated for in section 28 of the recently enacted Emergency Measures in the Public Interest (Covid-19) Act 2020. Of necessity, the underlying legislation and the scheme itself were developed very quickly, having regard to the overarching, urgent Government objective of getting much needed financial assistance to employers and employees, where...

Written Answers — Department of Finance: Help-To-Buy Scheme (8 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the cost of extending the additional 5% increase of the Help to Buy scheme (and €30,000 maximum cap), that was introduced in the July stimulus package on 23 July, to all claims approved between 1 March 2020 and 22 July 2020 is estimated to be in the region of €13m. In relation to the proposition that the scheme should be extended to include all...

Written Answers — Department of Finance: Help-To-Buy Scheme (8 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. The Government recently announced a temporary enhancement to the...

Written Answers — Department of Finance: Tax Rebates (8 Sep 2020)

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 provides for relief at the standard rate of income tax (currently 20%) on certain health expenses incurred in the provision of health care. The provision of tax relief at the standard rate ensures that all taxpayers are treated equally regardless of whether they pay tax at the standard or higher rate. For the purposes of the section...

Written Answers — Department of Finance: Travel Trade Sector (8 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 261, 262, 264 and 269 together. Many of the strictest public health restrictions on the economy have been eased so it is appropriate that the level of State subsidy be moderated, while also recognising that economic outputs are unlikely to return to normal for many businesses for much of the rest of 2020 because of the continued need to observe some...

Written Answers — Department of Finance: Vehicle Registration Tax (8 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 263 and 312 together. As the Deputies will be aware, it is a long-standing 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 (8 Sep 2020)

Paschal Donohoe: Our whole economy and labour market have been rapidly transformed by the unprecedented shock of COVID-19 and nearly all sectors have been negatively impacted either directly or indirectly this year. As a result, the Employment Wage Subsidy Scheme (EWSS) has been deliberately designed as an economy wide measure, open to all sectors as was also the case for preceding Temporary Wage Subsidy...