Results 22,741-22,760 of 33,118 for speaker:Paschal Donohoe

Finance Bill 2020: Report Stage (2 Dec 2020)

Paschal Donohoe: I move amendment No. 54: In page 28, line 37, to delete “(13)” and substitute “(14)”.

Finance Bill 2020: Report Stage (2 Dec 2020)

Paschal Donohoe: I move amendment No. 55: In page 28, line 41, to delete “(23)” and substitute “(24)”.

Finance Bill 2020: Report Stage (2 Dec 2020)

Paschal Donohoe: I move amendment No. 56: In page 29, line 6, to delete “(8)” and substitute “(9)”.

Finance Bill 2020: Report Stage (2 Dec 2020)

Paschal Donohoe: I move amendment No. 57: In page 29, between lines 12 and 13, to insert the following: “(2) Subsection (1) shall be deemed to have come into operation on 13 October 2020.”.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Dec 2020)

Paschal Donohoe: The restart, restart plus and restart top-up grants are a contribution towards the cost of re-opening or keeping a business operational and re-connecting with employees and customers.  In the case of a sole trader who is within the charge to income tax, such a grant would be taken into account in computing amounts chargeable to income tax.  I am advised by Revenue that the tax...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Dec 2020)

Paschal Donohoe: The purpose of the Stay and Spend tax credit is to provide targeted support to businesses within the hospitality sector whose operations are likely to be most affected by continued restrictions.  It provides relief direct to the consumer rather than the business and, as such, it would not be practicable to redirect the relief to the industry. As a demand led scheme,...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (2 Dec 2020)

Paschal Donohoe: Payments made under the Pandemic Unemployment Payment (PUP) are income supports and share the characteristics of income. The PUP follows the general taxation rule for social welfare type payments and, thus, is chargeable to income tax, but exempt from the USC and PRSI charges. This will be the case whether, prior to receipt of the PUP, the recipient was a PAYE worker or a self-employed...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Dec 2020)

Paschal Donohoe: I assume the Deputy is referring to the accelerated loss relief provisions that I introduced earlier this year to assist companies and self-employed individuals that have been adversely impacted by the COVID-19 pandemic and related restrictions. Dealing with income taxfirst, section 10 of the Financial Provisions (Covid-19) (No. 2) Act 2020 introduced a new Chapter 2A ‘Income tax:...

Written Answers — Department of Finance: Brexit Issues (2 Dec 2020)

Paschal Donohoe: For the purposes of section 64 of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2020 the calculation of the €75 minimum expenditure is based on invoice value. A person’s total purchases from a single supplier must be greater than €75 to qualify under the scheme. The aggregate value of several goods may be used only if all...

Written Answers — Department of Finance: Tax Data (2 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 51 and 52 together. In relation to question 40711, I am advised by Revenue that tax returns do not separately identify the amount of royalty payments leaving the State for non-EU countries. Furthermore, if Irish tax legislation was amended to provide for a minimum withholding tax on all royalty payments leaving the State for a non-EU country, this would...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I will deal first with the amendment from Deputy Boyd Barrett. He is genuinely raising an issue concerning groups of workers severely affected by the impact of Covid-19 and who are finding it desperately hard to rebuild their incomes and to imagine getting their jobs back. This CRSS is broad in that it is available to all parts of our economy which meet two criteria. The first is that...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: The reason we made the changes in the PUP was exactly in recognition of the points that were made by Deputy Boyd Barrett. We brought in a scheme to support businesses that are shut or businesses that have an incredibly low level of trading because of public health guidance. However, the overwhelming majority of businesses that are on this scheme are completely shut. We have many...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I move amendment No. 61: In page 33, to delete lines 26 to 28 and substitute the following: "(2) This section shall come into operation on such day as the Minister for Finance may appoint by order.". This is a technical amendment relating to the commencement provision in section 13, which allows the Minister, by order, to appoint when the section will come into effect.

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I apologise for interrupting but I wish to point out that amendment No. 62 does not relate to the carbon tax provision. It concerns a related policy measure to do with the taxation of vehicles. For the benefit of Deputies, the amendments relating to the carbon tax come later.

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I will not accept the amendment before the House, which has not been touched on in the debate. I am sure we will get to the issues raised on the carbon tax later in the afternoon. I want to inform Deputies that the amendment is on a different matter. We need to put it in context. The change in carbon tax to which we are referring is equivalent to an additional €1.50 on, for...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I move amendment No. 63: In page 41, to delete lines 22 and 23 and substitute the following: "(3) This section shall come into operation on such day as the Minister for Finance may appoint by order.". To respond to the question Deputy Naughten raised with me earlier, the bands to which he referred are now published in section 32 of the Bill. The information is contained there....

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: It was raised on Committee Stage that this might be subject to a further amendment from me. I have made many changes in regard to transfer pricing in previous Finance Bills that I have brought in. What has happened here is that, since the Finance Bill was published and I indicated this change, I have received contact through the Revenue Commissioners from a number of Irish companies which...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I take the Deputy’s point. I am making an offer to the Deputy in good faith, which he can take up, that when I am clearer on whether there are genuine issues that could affect employment or the registration of companies in our country and how they are structured, I will share that with him. If there is an opportunity to make changes on this matter before it goes to the Seanad, that...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I move amendment No. 64: In page 42, to delete lines 24 to 26 and substitute the following: “(2) Subsection (1), other than paragraph (a), shall come into operation on such day as the Minister for Finance may appoint by order.”. This amendment is in regard to the commencement provision in section 16(2), which allows the Minister, by order, to appoint when the section comes...

Finance Bill 2020: Report Stage (Resumed) and Final Stage (3 Dec 2020)

Paschal Donohoe: I move amendment No. 65: In page 42, between lines 27 and 28, to insert the following:“Acceleration of wear and tear allowances for farm safety equipment 17. (1) The Principal Act is amended—(a) in Chapter 2 of Part 9, by inserting the following section after section 285C:“Acceleration of wear and tear allowances for farm safety equipment 285D. (1) In this...