Results 22,321-22,340 of 33,086 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I am aware of some of the difficulties Deputy Doherty is referring to but this is the reason Screen Ireland, with the support of the Department of Culture, Arts, Gaeltacht, Sport and Media, has launched a production continuation fund. This is a pilot initiative which has a €5 million fund to assist production companies to deal with uncertainties that have been caused by Covid-19. I...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I thank the Deputy. I also want to acknowledge the long-standing interest he has in this sector and all the work he has done on it. As he said, the changes we have made on the application for section 481 relief are significant and were designed to respond to the issues we debated during the passage of the previous two Finance Bills. If we look at the conditions laid down in the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: The process that is under way, enabled by the WRC, is trying to come up with a framework for the industry to deal with the different matters to which Deputy Boyd Barrett referred. If the WRC has acknowledged that there is not clarity on some of the relationships the Deputy alluded to, surely the process under way to try to find a broad framework for the sector, which productions can adhere...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: All of these amendments are technical in nature. They are all intended to make sure that the legislation acts like it was intended. The Revenue Commissioners will form a view as to whether entities have been formed with the purpose of avoiding tax they are due to pay. This is an anti-tax avoidance measure. They are the kind of changes we need to make to ensure this part of our law meets...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: Is the Deputy asking if it could fall out of the category?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: No. This is the opposite. We are trying to ensure the legislation is drafted so that it is as robust as possible. The answer to the Deputy's question is that I do not think so.

Written Answers — Department of Finance: Vehicle Registration Tax (17 Nov 2020)

Paschal Donohoe: I am advised by Revenue that the National Car Testing Service (NCTS) registers all vehicles for Vehicle Registration Tax (VRT) purposes.  Revenue has also advised me that camper vans are different to other vehicles for VRT registration purposes in that they have unique features that require the specification of each vehicle to be separately examined. Consequently, the NCTS refers...

Written Answers — Department of Finance: Mortgage Lending (17 Nov 2020)

Paschal Donohoe: The Central Bank of Ireland, as part of its independent mandate to preserve and protect financial stability in Ireland, has statutory responsibility for the regulation of mortgage lending by banks and other regulated entities. In line with this mandate, the Central Bank introduced macro-prudential measures for residential mortgage lending by such institutions in February 2015. The objective...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 252, 259, 260, 262, 266, 271, 276, 278, 280 and 284 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...

Written Answers — Department of Finance: Tax Reliefs (17 Nov 2020)

Paschal Donohoe: There is no income tax measure that parents can avail of that provides relief in respect of their use of registered childminding services. However, there is an income tax exemption - childcare services relief - that is available to individuals who provide childminding services in their own homes.  The legislation dealing with the relief is contained in section 216C of the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (17 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 254, 255, 263, 265 and 275 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...

Written Answers — Department of Finance: Budget 2021 (17 Nov 2020)

Paschal Donohoe: My Department is not responsible for setting funding for domestic violence services and therefore did not apportion funding under the 2021 Budget.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Nov 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which operated from 26 March 2020 to 31 August 2020, provided over €2.9 billion of financial support to more than 66,500 qualifying employers on behalf of approximately eligible 664,000 employees. As provided for in the Emergency Measures in the Public Interest (Covid 19) Act, Revenue is responsible for the administration of the TWSS and...

Written Answers — Department of Finance: Mortgage Lending (17 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. In regard to the...

Written Answers — Department of Finance: Tax Reliefs (17 Nov 2020)

Paschal Donohoe: 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 business. From the perspective of the individual...

Written Answers — Department of Finance: Budget 2021 (17 Nov 2020)

Paschal Donohoe: I can advise the Deputy that my Department is not responsible for setting funding for domestic violence services and therefore did not apportion funding under the 2021 Budget.

Written Answers — Department of Finance: Banking Sector (17 Nov 2020)

Paschal Donohoe: As the Deputy is aware as Minister for Finance I have no role in the commercial decisions made by the banks, including the structure and level of pricing for their various product offerings. This applies equally to the banks in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks which...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Nov 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS)was in place from 26 March to 31 August 2020 to support firm viability and preserve the relationship between the employer and employee insofar as possible. 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...

Written Answers — Department of Finance: Mortgage Lending (17 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. In regard to the...

Written Answers — Department of Finance: Mortgage Lending (17 Nov 2020)

Paschal Donohoe: The Department of Finance, as part of its remit to ensure that consumers are protected within the financial sector in Ireland, facilitates the Switch Your Bank public awareness campaign. The purpose of the Switch Your Bank public awareness campaign is to raise awareness and promote customer switching of financial products. AIB and Permanent TSB provide the funding for the...