Results 22,101-22,120 of 33,084 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs (3 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 435 and 437 together. I am advised by Revenue that the Small Benefit Exemption allows an employer to provide one tax free “qualifying incentive” per year to an employee, provided a number of conditions are satisfied. Where all of the below conditions are satisfied no tax liability will arise: - The qualifying incentive must be in the form of a...

Written Answers — Department of Finance: Ministerial Meetings (3 Nov 2020)

Paschal Donohoe: On Wednesday 21 October, I met with representatives of Ulster Bank. I outlined that I expected that staff, customers and other stakeholders would be informed promptly about any decisions being made. In particular, I asked that staff representatives be consulted and kept informed of developments. I also emphasised the importance of Ulster Bank to the Irish financial services market, to the...

Written Answers — Department of Finance: Covid-19 Pandemic (3 Nov 2020)

Paschal Donohoe: It is assumed that the Deputy is referring to the date for filing 2019 self-employed income tax returns (Form 11). The statutory date for filing the 2019 Form 11 return, paying any outstanding balance for that year and paying preliminary tax for 2020 is 31 October 2020. This date was initially extended by Revenue to 12 November 2020 for taxpayers who both file and pay using the Revenue...

Written Answers — Department of Finance: Mortgage Lending (3 Nov 2020)

Paschal Donohoe: I have met with the CEOs of the banks on a number of occasions since the pandemic arose to discuss the measures banks and other regulated lenders can put in place to assist their borrowers who are economically impacted by COVID-19 and also the need to continue to support overall credit and lending in the economy, including new residential mortgage lending. The purpose of the Employment...

Written Answers — Department of Finance: Tax Code (3 Nov 2020)

Paschal Donohoe: In 2009, the Commission for Taxation recommended the introduction of a tax on carbon emissions from fossil fuels released for consumption in Ireland in order to broaden the tax base and to protect and enhance the environment. Carbon Tax, as part of an overall suite of measures to incentivise decarbonisation, aims to encourage businesses and householders alike to use greener alternative fuels...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Nov 2020)

Paschal Donohoe: I note the comments made in the European Parliament recently by the Chair of the Supervisory Board of the European Central Bank. I will continue to engage with the retail banks in light of any further guidance issued by the EU regulatory authorities to ensure that Irish borrowers can benefit from any further initiatives at an EU level. In April the European Banking Authority (EBA)...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Nov 2020)

Paschal Donohoe: I would like to assure the Deputy that I continue to closely monitor the uptake and utilisation of the Employment Wage Subsidy Scheme (EWSS) and that both I and my officials are in frequent contact with our counterparts the Departments of Social Protection and Public Expenditure and Reform on this important economy-wide employment measure. I am aware of the views expressed in the letter,...

Written Answers — Department of Finance: National Asset Management Agency (3 Nov 2020)

Paschal Donohoe: I am advised by NAMA that they do not typically own or sell properties. Rather NAMA’s role is as secured lender and the properties securing NAMA’s loans remain under the control of their registered owners, or in the case of enforcement, the appointed receiver. The Deputy will be aware that I, as Minister for Finance, have no role in respect of NAMA's commercial operations or...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Nov 2020)

Paschal Donohoe: I have met with the CEOs of the banks on a number of occasions since the pandemic arose to discuss the measures banks and other regulated lenders can put in place to assist their borrowers who are economically impacted by COVID-19 and also the need to continue to support overall credit and lending in the economy, including new residential mortgage lending. The three main retail banks assured...

Written Answers — Department of Finance: Data Protection (3 Nov 2020)

Paschal Donohoe: There were 8 data protection breaches identified in the Department of Finance in 2019. The Department has an internal personal data breach reporting protocol. All breaches must be formally notified to the Department’s Data Protection Officer for assessment. One of the breaches that occurred in 2019 was notified to the Office of the Data Protection Commission. Immediate follow-up...

Written Answers — Department of Finance: Tax Reliefs (3 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 451 and 452 together. In terms of the current tax treatment of the costs associated with working from home, the position is that any such costs incurred wholly and exclusively for the purposes of the business by an employer (for example, the provision of equipment) may be deducted by the employer in the normal course of calculating the tax liability of their...

Written Answers — Department of Finance: Departmental Expenditure (3 Nov 2020)

Paschal Donohoe: My Department did not have capital spending above €20 million for any year since 2016. I wish to inform the deputy that there are 17 bodies under the aegis of my Department; of those 17 Bodies, 16 have confirmed that they their capital spending was not over €20 million in each of the years since 2016. The Central Bank has confirmed the following capital spending: ...

Finance Bill 2020: Order for Second Stage (4 Nov 2020)

Paschal Donohoe: I move: "That Second Stage be taken now."

Finance Bill 2020: Second Stage (4 Nov 2020)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." When the budget was announced three weeks ago, I said that there was no such thing as certainty in the current circumstances and that we must recognise the risks and ongoing challenges. It is fair to say that events in those three weeks have shown that pandemic-related uncertainty will be with us for some time to come. The Covid-19...

Written Answers — Department of Finance: Fuel Laundering (4 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 38 and 42 together. I am advised by Revenue that a multifaceted approach is taken to tackling the misuse of fuel and its compliance activities in this area include roadside sampling of private and commercial vehicles at checkpoints combined with a risk based targeted sampling programme based on enhanced supply chain reporting for suppliers and retailers. In...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (4 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 39, 41 and 44 together. 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. I also announced in Budget 2021 that warehousing arrangements...

Written Answers — Department of Finance: Wage Subsidy Scheme (4 Nov 2020)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) has been deliberately designed as an economy wide enterprise support that is open to all sectors on the basis of a turnover test that can be applied across the whole economy while at the same time remain targeted at employers who are considered to be most in need of support. The EWSS turnover test has been specifically calibrated so as to target...

Written Answers — Department of Finance: Primary Medical Certificates (4 Nov 2020)

Paschal Donohoe: 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 as a driver or as a passenger and also to certain...

Written Answers — Department of Finance: Covid-19 Pandemic (4 Nov 2020)

Paschal Donohoe: I have met with the CEOs of the banks on a number of occasions since the pandemic arose to discuss the measures banks and other regulated lenders can put in place to assist their borrowers who are economically impacted by COVID-19 and also the need to continue to support overall credit and lending in the economy, including new residential mortgage lending. The three main retail banks assured...

Written Answers — Department of Finance: Credit Unions (4 Nov 2020)

Paschal Donohoe: The Central Bank has informed me that the number of staff in the Registry of Credit Unions is currently 52, allocated across the following activities: - Supervision - Intervention & Restructuring - Policy Framework / Regulatory Approvals - Business Model Engagement - Operations The majority of staff are engaged in supervision and intervention and restructuring activities. In 2012...