Results 22,121-22,140 of 33,084 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (5 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 87 and 96 together. The details of the Covid Restrictions Support Scheme (CRSS) are set out in the Finance Bill 2020 and guidelines on the operation of the scheme are available on the Revenue website (). The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat...

Written Answers — Department of Finance: Value Added Tax (5 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 88, 92, 93, 98, 102 and 104 together. I have previously outlined the rationale for the changes proposed to the VAT Retail Export Scheme. This scheme enables visitors that are resident outside the EU to benefit from VAT relief on goods purchased in Ireland and subsequently taken outside of the EU. If the scheme applies to UK visitors post-Brexit without...

Written Answers — Department of Finance: Tax Rebates (5 Nov 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...

Written Answers — Department of Finance: Property Tax (5 Nov 2020)

Paschal Donohoe: I am advised by Revenue that it is precluded, by virtue of taxpayer confidentiality obligations set out in section 851A of the Taxes Consolidation Act 1997, from providing the specific information sought by the Deputy in relation to Local Property Tax (LPT) payments made by Local Authorities on social housing stock. The Department of Housing, Local Government and Heritage may be in a...

Written Answers — Department of Finance: Primary Medical Certificates (5 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 Supports (5 Nov 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which was provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, expired on 31 August 2020. The TWSS has been replaced by the Employment Wage Subsidy Scheme (EWSS), which was legislated for in the Financial Provisions (Covid-19) (No. 2) Act 2020. The design of the EWSS reflects the changing environment...

Written Answers — Department of Finance: Tax Reliefs (5 Nov 2020)

Paschal Donohoe: Retailers operate the Retail Export Scheme in their own right or they operate it in conjunction with a Value-Added Tax (VAT) refund agent. Revenue do not make refunds to tourists or travellers under the retail export scheme, it is the retailer or VAT refund agent who will make the VAT refund when proof of export is obtained. There is no specific or separate reporting requirement so the...

Written Answers — Department of Finance: Covid-19 Pandemic (5 Nov 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which was provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, expired on 31 August 2020. The TWSS has been replaced by the Employment Wage Subsidy Scheme (EWSS), which was legislated for in the Financial Provisions (Covid-19) (No. 2) Act 2020. The design of the Employment Wage Subsidy Scheme (EWSS)...

Written Answers — Department of Finance: Financial Services Sector (5 Nov 2020)

Paschal Donohoe: The Deputy refers to the suspension of the Euroclear system last week. However, I believe the incident he is referring to was related to the TARGET2 system. I will answer the question on that basis. TARGET2 is the real-time gross settlement system owned and operated by the Eurosystem. Under the Regulation on oversight requirements for systemically important payments systems (SIPS...

Written Answers — Department of Finance: Tax Reliefs (5 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 100 and 101 together. I am advised by Revenue that the information available in respect of tax reliefs specifically associated with forestry is as follows: - Data on the exemption of profits from the occupation of woodlands, including the numbers availing of the relief, and the cost to the Exchequer for 2011 to 2018 are detailed in the table below. (Source:...

Written Answers — Department of Finance: Brexit Preparations (5 Nov 2020)

Paschal Donohoe: The Retail Export Scheme enables visitors that are resident outside the EU benefit from VAT relief on goods purchased in Ireland and subsequently taken outside of the EU. Under existing rules, when the UK becomes a third country, visitors from Britain will be able to avail of the scheme. No minimum threshold currently applies in respect of expenditure on which VAT relief may be claimed. ...

Written Answers — Department of Finance: Tribunals of Inquiry (5 Nov 2020)

Paschal Donohoe: The Moriarty Tribunal made a number of recommendations which affected a number of Government Departments. As Minister for Finance, I can only respond in relation to the recommendations made in relation to my own Department. As the Deputy will be aware, the tribunal pointed out problems to be addressed in our system of financial regulation. Poor supervision, an overly-deferential attitude by...

Confidence in Tánaiste and Minister for Enterprise, Trade and Employment: Motion (10 Nov 2020)

Paschal Donohoe: I express my full confidence in the Tánaiste, Deputy Varadkar. I have served in government with the Tánaiste since 2014 and knew him for many years before that. The personal and political qualities I have known in him in that time have been apparent again in recent weeks - his openness, honesty and accountability; his genuine commitment to advancing the public interest; and his...

Written Answers — Department of Finance: Climate Change Policy (10 Nov 2020)

Paschal Donohoe: Vehicle taxation policy for 2021 has been set out in the Tax Strategy Group papers (published in July) and in the Budget measures announced last month.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (10 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 294, 295, 298, 304, 308, 315, 316, 318, 326, 328 and 334 together. The details of the Covid Restrictions Support Scheme (CRSS) are set out in the Finance Bill 2020 and guidelines on the operation of the scheme are available on the Revenue website (). The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the...

Written Answers — Department of Finance: Primary Medical Certificates (10 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 296, 313 and 321 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: Tax Code (10 Nov 2020)

Paschal Donohoe: In line with the 2020 Programme for Government policy approach, the Budget 2021 carbon tax increase is informed by research conducted by the Economic and Social Research Institute of Ireland (ESRI). The ESRI research paper, “Carbon Taxes, Poverty and Compensation Options” found that the carbon tax could be increased in a progressive manner, with impacts on lower-income...

Written Answers — Department of Finance: Nursing Homes Support Scheme (10 Nov 2020)

Paschal Donohoe: Revenue acts as the collection agent for the Health Service Executive (HSE) in respect of outstanding liabilities arising from the Ancillary State Support Scheme (Fair Deal). The repayment date for monies loaned under the scheme is laid down in the Nursing Homes Support Scheme (Collection and Recovery of Repayable Amounts) Regulations 2009-Statutory Instrument No. 436 of 2009. The...

Written Answers — Department of Finance: Departmental Staff (10 Nov 2020)

Paschal Donohoe: I wish to advise the Deputy that staffing numbers are constantly changing throughout the year so the staff numbers provided in the attached table are at year end, except for 2020. Staff members in my Department avail of the many family friendly opportunities which include worksharing, parental leave and shorter working year scheme. Currently there are 30 staff members worksharing, from PO...

Written Answers — Department of Finance: Tracker Mortgages (10 Nov 2020)

Paschal Donohoe: I have consulted the Central Bank and it has advised that it cannot comment on individual lenders due to restrictions under supervisory confidentiality requirements. Nevertheless, it did indicate that the Central Bank Tracker Mortgage Examination (TME) required all lenders, which offered tracker interest rate mortgages to their customers, to review all mortgage accounts, including accounts...