Results 22,801-22,820 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Financial Services Regulation (8 Dec 2020)

Paschal Donohoe: The Deputy will be aware that Government policy on banking remuneration has remained unchanged since the financial crisis. Extensive restrictions are in place and these are not simply confined to a small number of senior bankers whose pay is restricted by the €500,000 pay cap. These affect circa 23,000 workers across the three banks in which the State has a shareholding. The policy...

Written Answers — Department of Finance: Departmental Staff (8 Dec 2020)

Paschal Donohoe: I wish to advise the Deputy during 2017, 2018 and 2019 the Department satisfied the 3% target of employing staff with disabilities and the Department is aware of the increase in the targets to 6% to be achieved by 2024 and is committed to achieving this revised target. The following table sets out the...

Written Answers — Department of Finance: Covid-19 Pandemic (8 Dec 2020)

Paschal Donohoe: My Department has been proactive in implementing all requirements set out in the previous Return to Work Safely Protocol issued on 9th May and continues to be proactive in effectively implementing all requirements set out in the revised Work Safely Protocol - Covid-19 National Protocol for Employers and Workers issued on 20th November. Our priority continues to be the safety and...

Written Answers — Department of Finance: Covid-19 Pandemic (9 Dec 2020)

Paschal Donohoe: The Deputy will be aware that my officials and I have engaged and will continue to engage extensively with the Banking and Payments Federation (BPFI) and the banks directly in relation to supports for personal and business customers affected by the COVID-19 pandemic. Officials in the Department are alert to issues raised directly by the public and these inform the Department’s ongoing...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (9 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 57 and 58 together. The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health Regulations to combat the effects of the Covid-19 pandemic. It applies to businesses who, under the specific terms of the regulations, are required to prohibit or significantly restrict members of the public...

Written Answers — Department of Finance: Brexit Preparations (9 Dec 2020)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses, including in the bloodstock industry, leisure, hospitality and professional indemnity sectors.  This position is reinforced by the EU...

Written Answers — Department of Finance: Tax Code (9 Dec 2020)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is the overall title for both gift and inheritance tax. The tax is charged on the amount gifted to, or inherited by, the beneficiary of the gift or inheritance. CAT at a rate of 33% applies on the excess over the tax-free threshold. There are three separate Group thresholds based on the relationship of the beneficiary to the disponer. Group Athreshold...

Written Answers — Department of Finance: Departmental Bodies Data (9 Dec 2020)

Paschal Donohoe: There are 8 State Boards under the aegis of my Department. These are the Central Bank Commission, the Credit Union Restructuring Board, the Financial Services and Pension Ombudsman, Home Building Finance Ireland, the Irish Fiscal Advisory Council, the National Asset Management Agency, the National Treasury Management Agency and the Strategic Banking Corporation of Ireland. In addition, there...

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

Paschal Donohoe: I propose to take Questions Nos. 233 and 239 together. The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health Regulations to combat the effects of the Covid-19 pandemic. It applies to businesses who, under the specific terms of the regulations, are required to prohibit or significantly restrict members of the...

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

Paschal Donohoe: I am conscious that, despite the fact that our economy is now reopening, many borrowers continue to be impacted by the economic consequences of Covid-19, and may not be in a position to resume their loan repayment commitments when their payment break ends or may be in difficulty now for the first time.  I am fully aware of the stress and uncertainty that these borrowers are...

Written Answers — Department of Finance: Departmental Expenditure (10 Dec 2020)

Paschal Donohoe: I wish to advise the Deputy that professional fees are paid by this Department on behalf of employees. However, some of the fees are recouped by the Department from the employees and BIK is paid on professional fees where applicable. Under the Finance Act, 2011, the Department is obliged to make statutory deductions (Benefit in Kind) such as PAYE, PRSI etc., on the payment/reimbursement of...

Written Answers — Department of Finance: Value Added Tax (10 Dec 2020)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply.  In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within Annex III of the Directive, in respect of which Member States may apply either one or two reduced rates of VAT. Ireland, in line...

Written Answers — Department of Finance: Tax Code (10 Dec 2020)

Paschal Donohoe: I would like to advise the Deputy that the suggestion that section 127B of the Taxes Consolidation Act (TCA), 1997 is not in compliance with international law or international tax principles is inaccurate and appears to be based on a misunderstanding of a number of matters including Ireland’s sovereign right to tax activity in domestic legislation, how relief may be given under...

Written Answers — Department of Finance: Tax Data (10 Dec 2020)

Paschal Donohoe: I am informed by Revenue that income tax liability is calculated on taxpayers’ total income from all sources, rather than being separately calculated for each source of income (such as rental income). For this reason, it is not possible to identify tax paid arising from rental income alone. However, the Deputy may be interested to note the publications at the following link, which...

Written Answers — Department of Finance: European Stability Mechanism (10 Dec 2020)

Paschal Donohoe: The Department is satisfied that the State can enter into the treaty to amend the ESM Treaty without submitting it to a referendum.  The legal advice received by the Department in relation to this, and all other matters, is privileged.

Written Answers — Department of Finance: Vehicle Registration Tax (15 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 197 and 200 together. Used cars imported from the UK before the end of December will not be liable to customs duty or VAT on import. In relation to VRT, while the rates will change on 1 January it is not necessarily the case that the amount of VRT charged on registration in January will be higher than if the vehicle was registered in December. Where a delay...

Written Answers — Department of Finance: Help-To-Buy Scheme (15 Dec 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. I am advised by Revenue as follows: In order for an applicant to...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 199 and 208 together. The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. The support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Dec 2020)

Paschal Donohoe: My Department has no responsibility or remit for issuing financial grants to Car Rental Firms or the Car Rental Industry on an ongoing basis. I understand this matter falls to my Ministerial Colleague in the Department of Enterprise Trade and Employment.

Written Answers — Department of Finance: Property Tax (15 Dec 2020)

Paschal Donohoe: Revenue has been very active in supporting taxpayers and businesses throughout the COVID-19 crisis, including administering the key Wage Subsidy Schemes and the Debt Warehousing Scheme. In addition, Revenue has also engaged extensively with individual taxpayers experiencing financial difficulties due to the pandemic to agree flexible arrangements that best suit their circumstances, including...