Results 21,921-21,940 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Value Added Tax (6 Oct 2020)

Paschal Donohoe: I am advised by Revenue that under the terms of the Diesel Rebate Scheme (DRS), qualifying road transport operators submit their claims, via an online system, during the three months following when the transaction took place. Once the claims are received by Revenue, they are normally processed and paid within eight weeks following completion of the necessary validation checks. Revenue has...

Written Answers — Department of Finance: Tax Code (6 Oct 2020)

Paschal Donohoe: I assume that the Deputy is referring to Professional Services Withholding Tax (PSWT). PSWT was introduced in 1987 and is a withholding tax which provides for the deduction at source of tax at the standard rate of income tax (20%) from gross payments made by accountable persons for certain professional services. Accountable persons include Government Departments and Offices, Local...

Written Answers — Department of Finance: Tax Code (6 Oct 2020)

Paschal Donohoe: The introduction of grant measures in this sector would be a matter for the Minister for Media, Tourism, Arts, Culture, Sport and the Gaeltacht. With regard to the Stay and Spend Tax Credit, the Deputy will be aware that, within the tax system, the normal position is that a tax credit can only benefit a person who has a tax liability. In the case of the Stay and Spend Tax Credit, however,...

Written Answers — Department of Finance: Departmental Contracts (6 Oct 2020)

Paschal Donohoe: I can advise the Deputy that my Department’s Press Office engaged KANTAR Media Services to provide media monitoring services during the years 2017 to 2019, and to date in 2020. The media monitoring service covers newspapers, including their online content, but does not cover social media. The costs (inclusive of VAT) associated with the provision of this service are €13,782.20...

Written Answers — Department of Finance: Departmental Staff (6 Oct 2020)

Paschal Donohoe: I wish to inform the Deputy the departmental sick leave figures for March 2019 and 2020 have not yet been validated with the Department of Public Expenditure and Reform. This information is not available at present.

Written Answers — Department of Finance: Ministerial Meetings (6 Oct 2020)

Paschal Donohoe: As the Deputy will appreciate, both as Minister for Finance and since the 9th July 2020, as President of Eurogroup, I have been in regular contact with other EU Finance Ministers and key figures across the various EU institutions with regard to current issues particularly on the response to the pandemic and macroeconomic developments. My teleconference meeting with Mr. Klaus Regling on...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (7 Oct 2020)

Paschal Donohoe: The Deputy will be aware that under Section 851A of the Taxes Consolidation Act 1997, Revenue is precluded by reason of its taxpayer confidentiality obligations, from providing any details in relation to the company in question. The Employment Wage Subsidy Scheme (EWSS) replaced the Temporary Wage Subsidy Scheme (TWSS) from 1 September. To qualify for the EWSS, an employer must have tax...

Written Answers — Department of Finance: Value Added Tax (7 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 55 and 56 together. I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. Supplies of capital goods in the agriculture sector, including farm machinery and equipment, is liable to VAT at the standard rate, currently 21%, and there is no scope under the Directive...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (7 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 57 and 58 together. The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The cost of the scheme in 2019, excluding motor tax, was €72m. The Scheme is open to severely and permanently disabled persons...

Written Answers — Department of Finance: Insurance Costs (7 Oct 2020)

Paschal Donohoe: I can assure the Deputy that insurance reform is a key policy priority for this Government and this is reflected in the Programme for Government (PfG). There are a number of areas that require reform and this is why making progress on these problems will require a ‘whole-of-Government’ approach as recognised in the PfG. This lays out specific commitments that are aimed at...

Written Answers — Department of Finance: Motor Industry (7 Oct 2020)

Paschal Donohoe: As the Deputy 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: Tax Code (7 Oct 2020)

Paschal Donohoe: It is assumed that the new tax rates and bands proposed by the Deputy would be integrated into the current income tax system. On that basis, I am advised by Revenue that the estimated additional yield to the Exchequer would be of the order of €1.3 billion and €1.7 billion on a first year and full year basis respectively. These calculations have been generated by reference...

Written Answers — Department of Finance: Tax Code (7 Oct 2020)

Paschal Donohoe: As there are considerable differences in each person’s tax circumstances, it is not possible to provide details of the estimated undercharges arising from the taxation of payments under the Temporary Wage Subsidy Scheme (TWSS), nor to estimate the numbers of individuals who may have such undercharges. The TWSS was legislated for in section 28 of the Emergency Measures in the...

Written Answers — Department of Finance: Tax Code (7 Oct 2020)

Paschal Donohoe: The Financial Measures (Covid-19) (No. 2) Act 2020 put on a statutory footing the arrangements for the ‘warehousing’ of tax debts that Revenue had been operating on an administrative basis since the beginning of Covid-19 related restrictions in March 2020. The arrangements apply to VAT liabilities in respect of January/February 2020 to July/August 2020 inclusive and PAYE...

Written Answers — Department of Finance: Tax Reliefs (7 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 64 and 66 together. The 2020 Programme for Government: Our Shared Future contains several commitments related to working from home, including an examination of the “feasibility and merits of changing tax arrangements to encourage more people to work remotely”, the responsibility for which falls to my Department. There is also a commitment to the...

Written Answers — Department of Finance: Help-To-Buy Scheme (7 Oct 2020)

Paschal Donohoe: The Help To Buy (HTB) incentive, announced in Budget 2017 is designed to assist first-time buyers with the deposit required to purchase or self-build a new house or apartment to live in as their home. 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. HTB is...

Written Answers — Department of Finance: Budget Submissions (7 Oct 2020)

Paschal Donohoe: I can confirm that I received the pre-Budget submission from the organisation concerned. It was acknowledged by my officials who said that the contents would be considered in the context of the forthcoming Budget. However, as the Deputy may 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...

Written Answers — Department of Finance: Wage Subsidy Scheme (7 Oct 2020)

Paschal Donohoe: The existing cost estimate for the Employment Wage Subsidy Scheme (EWSS) is an additional €2.25 billion. This is comprised of €1.35bn until the end of 2020 and €0.9bn in 2021. These costs are on the basis that the EWSS will support around 350,000 jobs into the beginning of 2021. Revenue have estimated that 360,000 workers were supported by the Temporary Wage Subsidy...

Written Answers — Department of Finance: Wage Subsidy Scheme (7 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 69 and 70 together. The Employment Wage Subsidy Scheme (EWSS), which has been operating since 1 July has replaced the Temporary Wage Subsidy Scheme (TWSS) which expired on 31 August 2020. The EWSS will remain in place until March 2021, thereby allowing employers to rely on the continuation of support over a longer period of 8 months while also ensuring...

Written Answers — Department of Finance: Tax Code (7 Oct 2020)

Paschal Donohoe: As a general rule, all social welfare payments are subject to taxation, unless specifically exempted. These exemptions in general may apply to means tested-payments. As I have previously advised, the position is that payments made under the Pandemic Unemployment Payment (PUP) Scheme are an income support and share the characteristics of income. Other income earners in receipt of...