Results 22,821-22,840 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Industry (15 Dec 2020)

Paschal Donohoe: Setanta Insurance was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. Neither I nor the Department of Finance have any role in the process, including the making of applications to the High Court or payments. Regarding when the next payments will be made, the...

Written Answers — Department of Finance: Value Added Tax (15 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. Services such as hotel...

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

Paschal Donohoe: I assume the Deputy is referring to the European Banking Authority who published a statement on 2December on the reactivation of guidelines on payment breaks. These guidelines relate to how banks treat loans that have availed of payment breaks for regulatory purposes. These guidelines were previously in force until 30 September 2020. In September, the Tánaiste, Minister for Public...

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

Paschal Donohoe: 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 which are chargeable to tax under Case I of Schedule D,...

Written Answers — Department of Finance: Ministerial Meetings (15 Dec 2020)

Paschal Donohoe: I have not had a formal bilateral meeting with my Czech Republic counterpart, Alena Schillerová, in recent months. Both Minister Schillerová and I participate in monthly ECOFIN meetings, with the Finance Ministers of all 27 EU Member States, where there are group discussions. In addition, in my capacity as President of the Eurogroup, I chair meetings of Eurogroup in inclusive...

Written Answers — Department of Finance: Medical Cards (15 Dec 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: Motor Insurance (15 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. This position is reinforced by the EU framework for insurance (the Solvency II Directive) which expressly prohibits Member States from...

Written Answers — Department of Finance: State Claims Agency (15 Dec 2020)

Paschal Donohoe: The State Claims Agency has prepared the below table in response to the information requested by the Deputy. The information in the table details the total amount paid from 01/01/2018 to 30/11/2020 across Damages, Legal and Expert costs in respect of non-medical negligence claims. Transaction Bucket 2018 2019 2020 (to End Nov) Grand Total ...

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

Paschal Donohoe: I am advised by Revenue that used vehicles brought into the State and previously registered using the CO2format known as NEDC will, from 01 January 2021, be registered based on the NEDC CO2figure declared on the vehicle registration document issued in the previous jurisdiction with an added calculation to bring that CO2figure in line with emissions under the WLTP, which was introduced for new...

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

Paschal Donohoe: The Financial Provisions (Covid-19) (2) Act 2020 (Act No. 8 of 2020) inserted section 28B into the Emergency Measures in the Public Interest (Covid-19) Act 2020. This provides for the introduction of the Employment Wage Subsidy scheme (EWSS). The Deputy will be aware that EWSS is an economy-wide enterprise support that focuses primarily on business eligibility. The scheme provides a flat-rate...

Written Answers — Department of Finance: Brexit Issues (15 Dec 2020)

Paschal Donohoe: I am advised by Revenue that used cars imported from the UK (not including Northern Ireland) post 1 January 2021 will be liable to Customs Duty and VAT on importation and Vehicle Registration Tax at the point of registration of the car.

Written Answers — Department of Finance: Personal Contract Plans (15 Dec 2020)

Paschal Donohoe: As part of the review of the regulation of Personal Contracts Plans (PCPs), which I commissioned in 2018, Mr Michael Tutty produced a report entitled 'Review of the Regulation of PCPs' (available at: /). The Tutty Report set out a number of conclusions and recommendations in relation to PCP agreements and, in particular, it recommended that the provisions of the Central Bank Consumer...

Written Answers — Department of Finance: Banking Sector (15 Dec 2020)

Paschal Donohoe: The revised Payment Services Directive (PSD2) of 2015 introduced strong security requirements for the initiation and processing of electronic payments, which apply to all payment service providers (PSPs). This approach is intended to reduce the risk of fraud for all types of electronic payments (especially online payments) and to protect the confidentiality of the user’s financial...

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

Paschal Donohoe: I understand that 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. I understand that the anomaly suggested by the Deputy does not arise and that Revenue has confirmed the position in its published guidance....

Written Answers — Department of Finance: Insurance Coverage (16 Dec 2020)

Paschal Donohoe: I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses. However, you should be aware that the provision of insurance is a commercial matter for insurance companies, which is based on an assessment of the risks they are willing to accept. Consequently, neither I nor the Central Bank can interfere in the provision or...

Written Answers — Department of Finance: Banking Sector (16 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 86 and 87 together. I presume that the Deputy is referring to properties which are in the possession of financial institutions arising from a default on a mortgage loan. The Central Bank has supplied me with the table below which provides a summary of properties held by both bank and non-bank entities as at end September-2020. The collected data does not...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Dec 2020)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the introduction of the Employment Wage Subsidy Scheme (EWSS). The scheme commenced on 1 September 2020 and replaced the Temporary Wage Subsidy Scheme (TWSS), which ceased on 31 August 2020. The EWSS is different to the TWSS in that it provides a flat-rate payment to employers and requires a...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Dec 2020)

Paschal Donohoe: 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 which are chargeable to tax under Case I of Schedule D,...

Written Answers — Department of Finance: Revenue Commissioners (16 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 90 and 91 together. I am advised by Revenue that its new customs import declaration system, the Automated Import System (AIS), was launched on 23 November 2020. AIS is the first of a suite of new Customs related IT systems that are being implemented by Revenue over the next number of years to ensure full compliance with the provisions of the EU Union...