Results 22,481-22,500 of 33,175 for speaker:Paschal Donohoe

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

Paschal Donohoe: I am advised by Revenue that OLAF, the European Anti-Fraud Office, notified it of concerns regarding the importation of a hand sanitiser product from Turkey to Ireland on 24 September 2020. Revenue subsequently notified the Department of Agriculture, Food and the Marine on 25 September 2020.

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

Paschal Donohoe: I propose to take Questions Nos. 124 and 128 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...

Written Answers — Department of Finance: Help-To-Buy Scheme (19 Nov 2020)

Paschal Donohoe: Section 477C of the Taxes Consolidation Act 1997 requires that applicants for the Help to Buy Scheme (HTB) must be first-time buyers. This includes circumstances where there is more than one person involved in the purchase or building of a new home. Revenue has advised me that according to its records one of the persons involved in the purchase of the property in question is not a...

Written Answers — Department of Finance: Wage Subsidy Scheme (19 Nov 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which is provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, operated from 26 March 2020 to 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. The scheme was introduced as an emergency measure to provide financial support to businesses that were severely...

Written Answers — Department of Finance: Employment and Investment Incentive Scheme (19 Nov 2020)

Paschal Donohoe: By way of background, a review of the Employment Investment Incentive (‘EII’) scheme and Start-Up Relief for Entrepreneurs (‘SURE’) was carried out and changes to the administration of the scheme were implemented in Finance Act 2018.  SURE, was previously known as the Seed Capital Scheme (‘SCS’). From 1 January 2019 qualifying companies can...

Written Answers — Department of Finance: Tax Collection (19 Nov 2020)

Paschal Donohoe: Stamp duty is levied on financial cards, charge cards and credit card accounts. The financial institution issuing the card collects the duty from cardholders on behalf of Revenue, and charge the card holder’s bank, credit or charge card account with the stamp duty for which they are liable annually. The current regime was introduced in Budget 2016/Finance Act 2015...

Written Answers — Department of Finance: Export Controls (19 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...

Written Answers — Department of Finance: Departmental Contracts (19 Nov 2020)

Paschal Donohoe: I wish to advise the Deputy that none of the bodies under the aegis of my Department have third-party contracts in place for the operation of community or voluntary organisations in 2019 and to date in 2020.

Written Answers — Department of Finance: Banking Sector (19 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 must...

Written Answers — Department of Finance: EU Policy Group (19 Nov 2020)

Paschal Donohoe: I was elected as President of the Eurogroup on 9 July for a term of two and a half years. My main goal is to ensure a close coordination of economic policies across the euro area so as to promote growth. I am very pleased with the progress made in my first few months as President of Eurogroup in what are exceptionally challenging times.  Indeed the strong European response to Covid-19 to...

Select Committee on Justice and Equality: Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2020: Committee Stage (19 Nov 2020)

Paschal Donohoe: These amendments address part of the overall transposition of the 5thanti-money laundering directive, 5AMLD, for which various statutory instuments have been introduced in respect of other articles. Further measures are contained in this Bill. Article 31 of the directive requires that all member states establish a central register of beneficial ownership of express trusts. The deadline for...

Select Committee on Justice and Equality: Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2020: Committee Stage (19 Nov 2020)

Paschal Donohoe: These amendments all relate to the establishment of a registration and supervision regime, for AML and CTF purposes, for virtual asset services providers. The committee will be aware that these amendments propose to add a substantial chapter into the Criminal Justice Act 2010, as amended, along with other amendments to add definitions and consequential changes. I will provide an overview of...

Select Committee on Justice and Equality: Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2020: Committee Stage (19 Nov 2020)

Paschal Donohoe: I move amendment No. 3: In page 6, to delete lines 24 to 31 and substitute the following: "'virtual asset' means a digital representation of value that can be digitally traded or transferred and can be used for payment or investment purposes but does not include digital representations of fiat currencies, securities or other financial assets; 'virtual asset service provider' means a...

Written Answers — Department of Finance: Help-To-Buy Scheme (24 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 (TCA) outlines the...

Written Answers — Department of Finance: Primary Medical Certificates (24 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 259 and 268 together. The Disabled Drivers and 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...

Written Answers — Department of Finance: Employment and Investment Incentive Scheme (24 Nov 2020)

Paschal Donohoe: The Employment Investment Incentive (‘EII’) is a tax relief available to encourage individual investors to provide equity risk finance to trading companies. Revenue have advised that in order to avail of EII a company must be a ‘qualifying company’. When determining if a company is a qualifying company regard must be had to both the activities of the company...

Written Answers — Department of Finance: Tax Code (24 Nov 2020)

Paschal Donohoe: I am advised by Revenue that, in the normal course of events, stamp duty is chargeable on the purchase of agricultural land at the rate of 7.5% and is payable by the purchaser of the land. The fact that the sale happens after a death does not change this position. In some circumstances an exemption from stamp duty or a reduced charge applies. However, as the Deputy hasn’t supplied...

Written Answers — Department of Finance: Public Procurement Contracts (24 Nov 2020)

Paschal Donohoe: The National Public Procurement Policy Framework 2019 issued by the Office of Government Procurement (OGP) sets out the procurement procedures to be followed by government departments and state bodies under EU rules and national guidelines. In addition, the Department of Finance has its own internal policy and guidance documents to assist staff to comply with all regulations in regard to...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 263, 269, 275 and 281 together. The Covid Restrictions Support Scheme (CRSS) was announced in the Budget on 13 October 2020. The details are set out in Finance Bill 2020 and guidelines on the operation of the scheme, including the eligibility criteria, are available on the Revenue website: (www.revenue.ie/en/corporate/press-office/budget-information...

Written Answers — Department of Finance: Primary Medical Certificates (24 Nov 2020)

Paschal Donohoe: The Disabled Drivers and Passengers scheme provides for the repayment or remission of VAT and Vehicle Registration Tax (VRT), up to a certain limit, on the purchase of an adapted vehicle for the transport of a person with specific severe and permanent physical disabilities. Qualification for the scheme also provides access to the Fuel Grant Scheme and for a waiver of motor tax. In order...