Results 21,541-21,560 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: EU Directives (8 Sep 2020)

Paschal Donohoe: On 30 May 2018, the European Parliament adopted Directive EU 2018/849, known as the Fifth EU Anti-Money Laundering Directive (5AMLD). With regard to digital, virtual and cryptocurrencies, the Directive applies to providers of certain services relating to virtual currencies. 5AMLD defines virtual assets as “a digital representation of value that is neither issued by a central bank...

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

Paschal Donohoe: Between March and August 2020 over 69,500 employers registered for the Temporary Wage Subsidy Scheme (TWSS) with payments worth over €2.8 billion paid out to a total of 663,100 workers. Revenue has published detailed statistics related to the TWSS on a weekly basis throughout the duration of the scheme to provide as timely and transparent data on the utilisation and impact of the TWSS...

Written Answers — Department of Finance: Motor Insurance (8 Sep 2020)

Paschal Donohoe: I would like to begin by assuring the Deputy that insurance reform is a key priority for this Government and this is reflected in the Programme for Government. It lays out commitments that are aimed at addressing consumer and business concerns on the cost of insurance. These commitments include increasing transparency; addressing legal reforms in certain areas of civil law; addressing fraud;...

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

Paschal Donohoe: I am advised by Revenue that the Med2 form is not returned by claimants (to Revenue) and therefore it is not possible to determine the amount of health expenses claimed for non-routine dental work. In claims submitted to Revenue for tax relief on health expenses, dental expenses are combined with other health expenses and therefore disaggregated data are not available. The 2019 Form 11 tax...

Written Answers — Department of Finance: State Savings Schemes (8 Sep 2020)

Paschal Donohoe: State Savings products are offered by the Minister for Finance acting through the National Treasury Management Agency (NTMA) pursuant to the powers conferred on the NTMA by the National Treasury Management Agency Act 1990 and the National Treasury Management Agency Act 1990 (Delegation of and Declaration as to Functions) Order 1990 (S.I. No. 277 of 1990). Persons that might be dissatisfied...

Written Answers — Department of Finance: State Savings Schemes (8 Sep 2020)

Paschal Donohoe: State Savings products are offered by the Minister for Finance acting through the National Treasury Management Agency (NTMA) pursuant to the powers conferred on the NTMA by the National Treasury Management Agency Act 1990 and the National Treasury Management Agency Act 1990 (Delegation of and Declaration as to Functions) Order 1990 (S.I. No. 277 of 1990). State Savings products are...

Written Answers — Department of Finance: State Savings Schemes (8 Sep 2020)

Paschal Donohoe: State Savings products are offered by the Minister for Finance acting through the National Treasury Management Agency (NTMA) pursuant to the powers conferred on the NTMA by the National Treasury Management Agency Act 1990 and the National Treasury Management Agency Act 1990 (Delegation of and Declaration as to Functions) Order 1990 (S.I. No. 277 of 1990). State Savings products are...

Written Answers — Department of Finance: Covid-19 Pandemic (8 Sep 2020)

Paschal Donohoe: Revenue operate an administrative practice relating to e-Workers (or remote workers), who incur certain expenditure in the performance of the duties of their employment from home. Revenue have confirmed that PAYE workers using their primary residence as a workplace during Covid-19 restrictions qualify as e-Workers. Remote workers will incur certain expenditure in the performance of their...

Written Answers — Department of Finance: Mortgage Data (8 Sep 2020)

Paschal Donohoe: As the Deputy is aware I as Minister for Finance have no role in the day to day commercial activities of any bank operating in the State. My officials have received the following statement from AIB: "AIB has no plans to sell a loan portfolio as described above. AIB has reduced non-performing exposures from €31bn to €3.8bn, primarily by working with customers to implement...

Written Answers — Department of Finance: Covid-19 Pandemic (8 Sep 2020)

Paschal Donohoe: The Deputy will be aware of the series of measures recently announced by the Government to support the on-trade. This includes the waiver of charges associated with liquor licence renewal. Further details may be found at the link below:

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. Section 477C Taxes Consolidation Act 1997 outlines the definitions...

Written Answers — Department of Finance: Mortgage Lending (8 Sep 2020)

Paschal Donohoe: As you will be aware both officials and myself 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. Officials in my Department are alert to issues raised directly by the public and these inform the Department’s ongoing...

Written Answers — Department of Finance: Insurance Industry (8 Sep 2020)

Paschal Donohoe: As the Deputy is aware, as Minister for Finance I am responsible for the development of the legal framework governing financial regulation, and neither I nor the Central Bank of Ireland has the power to direct insurance companies on the pricing or provision of insurance products. Indeed, the EU framework for insurance (the Solvency II Directive) expressly prohibits Member States from...

Written Answers — Department of Finance: Insurance Costs (8 Sep 2020)

Paschal Donohoe: As the Deputy will appreciate, it would be inappropriate for me, as Minister for Finance, to comment on individual cases such as that of his constituent. However, the issue of the cost and availability of insurance for many businesses and consumers is an issue that both Minister of State Fleming and I are very much aware of. Unfortunately, there is no single policy or legislative...

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

Paschal Donohoe: I previously referred to this matter in my reply to Parliamentary Question 14153-20. Revenue has updated me on the matter and has confirmed that the refunds and tax liabilities in question relate to the person’s sole-trader status only. Revenue has also confirmed that it has engaged extensively with the person’s tax agent to conclude matters as quickly as possible. The tax agent...

Written Answers — Department of Finance: Revenue Commissioners (8 Sep 2020)

Paschal Donohoe: Revenue conducted a comprehensive review of the administratively based Flat Rate Expenses (FRE) regime in 2018 and 2019. Revenue has advised that the purpose of the FRE review, which involved engagement with relevant representative bodies, was to ensure that the expenses granted to each employment category remain justified and appropriate to modern day employments and work practices. Each...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (8 Sep 2020)

Paschal Donohoe: The Pandemic Stabilisation and Recovery Fund (PSRF), is a €2 billion sub-portfolio within the Ireland Strategic Investment Fund (ISIF). The ISIF is managed and controlled by the National Treasury Management Agency. The initial focus of the PSRF will be on enterprises with over 250 employees or with an annual turnover of in excess of €50million, which have been materially...

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

Paschal Donohoe: The licensing period for bookmakers is over a two year fixed period, with a licensing fee of €500. The current licence period runs from 1 December 2019 to 30 November 2021. As licences are not up for renewal until the end November next year, at this point in time there is no requirement to consider their extension.

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

Paschal Donohoe: The Help to Buy incentive (HTB) is a scheme to assist first-time purchasers with a deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act 1997 outlines the...

Written Answers — Department of Finance: Employment Data (8 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the number of taxpayer units (couples who are jointly assessed are counted as one taxpayer unit) over 66 years of age who filed a Form 11 tax return and declared an income from a trade or profession was approximately 21,000 in 2018, the latest year for which data are available. In the case of jointly assessed couples, the age is based on the assessable spouse. The...