Results 23,201-23,220 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mortgage Lending (17 Feb 2021)

Paschal Donohoe: Since the COVID-19 situation first arose, I have maintained contact with the BPFI and lenders on the measures they have put in place to assist their customers who are economically impacted by the pandemic. In relation to the particular issue of new mortgage lending, the main retail banks previously confirmed that they are considering mortgage applications and mortgage drawdowns in relation...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Feb 2021)

Paschal Donohoe: Since the COVID-19 situation first arose, I have maintained contact with the BPFI and lenders on the measures they have put in place to assist their customers who are economically impacted by the pandemic. In relation to the particular issue of new mortgage lending, the main retail banks previously confirmed that they are considering mortgage applications and mortgage drawdowns in relation...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Feb 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020. It was an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. Over 66,500 employers were supported through the TWSS in respect of more than 664,000 employees at a cost of €2.9bn. The scheme operated until 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS)...

Written Answers — Department of Finance: Property Tax (17 Feb 2021)

Paschal Donohoe: The Programme for Government "Our Shared Future" includes the following commitments in relation to LPT- a. To bring forward legislation for the LPT on the basis of fairness and that most homeowners will face no increase. b. To bring new homes, which are currently exempt from the LPT, into the taxation system, and that c. All money collected locally will be retained within the county. This...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Feb 2021)

Paschal Donohoe: The objective of the Employment Wage Subsidy Scheme (EWSS) is to support all employment and maintain the link between the employer and employee insofar as is possible. To date, subsidy payments of almost €2 billion have been made and PRSI relief worth over €300m granted to over 46,600 employers in respect of over 532,000 employees. I have been clear that there will be no...

Written Answers — Department of Finance: Covid-19 Pandemic (17 Feb 2021)

Paschal Donohoe: The Central Bank has confirmed that there is no regulatory impediment to lenders offering payment breaks to borrowers, providing they are appropriate for the individual borrower circumstance. The BPFI also reiterated in January that standard payment breaks continue to be part of the wide range of tailored solutions which are being made available to customers upon assessment of their...

Written Answers — Department of Finance: Vehicle Registration Tax (17 Feb 2021)

Paschal Donohoe: I am informed by Revenue that a temporary exemption in situations outlined by the Deputy normally applies for a period not exceeding twelve months and, in such cases, there is no requirement to make a formal application. Where a longer period is being sought a formal application is required and, evidence of eligibility must be provided. The person concerned should contact Revenue’s...

Written Answers — Department of Finance: Customs and Excise (17 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 169 to 174, inclusive, together. Section 12 of the 2001 Act provides for the establishment of the Horse and Greyhound Fund. The allocations to the fund is primarily a matter for discussion between the Minister for Agriculture, Food and the Marine and the Minister for Public Expenditure and Reform in the context of the annual estimates campaign. There is no...

Written Answers — Department of Finance: Revenue Commissioners (17 Feb 2021)

Paschal Donohoe: I am informed by Revenue that the motor dealer in question was requested to produce the required documentation to show that the vehicles had been imported into Northern Ireland in accordance with the Union Customs Code and the Ireland – Northern Ireland Protocol, including a copy of the import declaration, before they could be registered in the State. The dealer was unable to produce...

Written Answers — Department of Finance: Mortgage Lending (17 Feb 2021)

Paschal Donohoe: Since the COVID-19 situation first arose, I have maintained contact with the BPFI and lenders on the measures they have put in place to assist their customers who are economically impacted by the pandemic. In relation to the particular issue of new mortgage lending, the main retail banks previously confirmed that they are considering mortgage applications and mortgage drawdowns in relation...

Written Answers — Department of Finance: Tax Incentives (17 Feb 2021)

Paschal Donohoe: Taxation based measures are matters for consideration in the context of my Department's Tax Expenditure Guidelines and the annual Budget and Finance Bill process. I have no plans at present for a measure along the lines proposed by the Deputy. In relation to fitness based measures more generally, I would point to the Cycle To Work scheme, introduced by Finance (No. 2) Act 2008. The...

Written Answers — Department of Finance: Departmental Contracts (17 Feb 2021)

Paschal Donohoe: I can advise the Deputy that my Department has no contracts for public relations advice and consultancy over the cost of €10,000 since January 2021.

Written Answers — Department of Finance: Ministerial Communications (17 Feb 2021)

Paschal Donohoe: On her appointment as Secretary of the US Treasury, I wrote to congratulate Janet Yellen. I have also written to Brian Deese, Director of the National Economic Council. In my capacity as President of the Eurogroup, I participated in a meeting of G7 Finance Ministers and Central Bank Governors on 12 February, in which Secretary Yellen and Jerome Powell, Chair of the Federal Reserve, also...

Written Answers — Department of Finance: Value Added Tax (17 Feb 2021)

Paschal Donohoe: I do not plan on extending the temporary reduction from 23% to 21% in the standard rate of VAT beyond the end of February.

Written Answers — Department of Education and Skills: Student Accommodation (17 Feb 2021)

Paschal Donohoe: Section 50 of Finance Act 1999 provided for a student accommodation scheme whereby expenditure incurred on student rental accommodation can be set against the rental income from the property and against other Irish rental income, thus reducing the taxable income of the person incurring the expenditure. The relevant provisions in the Taxes Consolidation Act 1997 are set out in Part 10,Chapter...

Written Answers — Department of Finance: Tax Reliefs (18 Feb 2021)

Paschal Donohoe: Where e-workers incur certain extra expenditure in the performance of their duties of employment remotely or from home, such as additional heating and electricity costs, there is a Revenue administrative practice in place that allows an employer to make payments up to €3.20 per day to such employees, subject to certain conditions, without deducting PAYE, PRSI, or USC. Revenue have...

Written Answers — Department of Finance: Economic Policy (18 Feb 2021)

Paschal Donohoe: The interplay between the Covid-19 and Brexit shocks has implications for the economic outlook. In preparation for last year’s Budget, my Department, along with the ESRI, conducted an analysis of the sectoral overlap between the two shocks. The analysis found that the sectors most exposed to both Covid-19 and a ‘disorderly’ Brexit appear to be distinct and relatively...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (18 Feb 2021)

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: Covid-19 Pandemic Supports (18 Feb 2021)

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: Disabled Drivers and Passengers Scheme (18 Feb 2021)

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. Details of these reliefs and the grant in respect of fuel usage are available on the Revenue website at the following link: The relief from Value Added Tax and Vehicle Registration Tax are...