Results 23,341-23,360 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Customs and Excise (3 Mar 2021)

Paschal Donohoe: I am informed by Revenue that the person concerned has been in contact with them and has been advised on the documentation required to enable registration.

Written Answers — Department of Finance: Banking Sector (3 Mar 2021)

Paschal Donohoe: As the Deputy is aware, as Minister for Finance I have no role in the day to day operations of any bank operating within the State including banks in which the State has a shareholding. I'm precluded from intervening on behalf of any individual customer in any particular bank. Decisions in relation to commercial matters are the sole responsibility of the board and management of the banks,...

Written Answers — Department of Finance: Mortgage Schemes (3 Mar 2021)

Paschal Donohoe: The terms for the repayment of a loan will normally be provided for in the particular credit agreement and any decision to adjust those repayment terms, including in respect of when a borrower commences repayment, will be a commercial matter for the lender. However, if a borrower is experiencing loan repayment difficulty, irrespective of the particular point they are at in their loan...

Written Answers — Department of Finance: Interest Rates (3 Mar 2021)

Paschal Donohoe: As the Deputy is aware, as Minister for Finance I have no role in the day to day operations of any bank operating within the State including banks in which the State has a shareholding. I'm precluded from intervening on behalf of any individual customer in any particular bank. Decisions in relation to commercial matters are the sole responsibility of the board and management of the banks,...

Written Answers — Department of Finance: Tax Yield (3 Mar 2021)

Paschal Donohoe: It is assumed the Deputy is referring to deemed disposals under exit tax provisions contained in section 627 of the Taxes Consolidation Act 1997. In line with Ireland's commitments under the Anti-Tax Avoidance Directive(ATAD), an ATAD compliant exit tax regime was introduced as part of Finance Act 2018. The exit tax applies at a rate of 12.5% on unrealised gains arising where a company...

Written Answers — Department of Finance: Mortgage Lending (3 Mar 2021)

Paschal Donohoe: 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 COVID-19. 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 to their customers who were impacted by...

Written Answers — Department of Finance: Value Added Tax (3 Mar 2021)

Paschal Donohoe: I am advised by Revenue that the average waiting time for a VAT registration application to be processed is generally between 10 and 12 days, where all relevant information and supporting documentation is provided. Where the requested documentation is not provided or where the level of information is insufficient to properly confirm the precise nature of the goods or services to which VAT...

Written Answers — Department of Finance: Motor Tax (3 Mar 2021)

Paschal Donohoe: Motor tax for passenger cars is calculated on the car's emissions. Cars with higher CO2emissions pay higher rates of motor tax. The basis of assessment for the motor tax regime changed in Budget 2021 to WLTP CO2emissions. A new rates table with an increased number of bands and a stronger environmental rationale was introduced in line with Government emissions reduction policy. I am satisfied...

Written Answers — Department of Finance: Tax Rebates (3 Mar 2021)

Paschal Donohoe: The flat rate expense (FRE) regime is operated by Revenue on an administrative basis where both a specific commonality of expenditure exists across an employment category and the statutory requirement for the tax deduction as set out in section 114 of the Taxes Consolidation Act (TCA) 1997 is satisfied, namely, that the expenses are wholly, exclusively and necessarily incurred in the...

Written Answers — Department of Finance: Banking Licences (3 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 185 to 187, inclusive, together. As the Deputy is aware the development of the Affordable Purchase Shared Equity Scheme is a policy initiative which falls under the remit of the Department of Housing, Local Government and Heritage following the allocation of funding as part of Budget 2021. A range of commercial and operational matters pertaining to the scheme...

Written Answers — Department of Finance: Tax Data (3 Mar 2021)

Paschal Donohoe: I am advised by Revenue that the provisional receipts collected in respect Betting Duty and Betting Intermediary Duty from 1 January 2020 to 31 December 2020 and to date in 2021 are shown in the table below. Finalised 2020 figures will be published in the coming months. Provisional Receipts Betting Duty Betting Intermediary Duty 2020 ...

Written Answers — Department of Finance: Customs and Excise (3 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 189 to 191, inclusive, together. I am advised by Revenue that data is maintained in its customs IT systems by reference to customs declarations as opposed to containers. Declarations are submitted in respect of individual consignments and a container may have one or multiple associated declarations. Each declaration is risk analysed by Revenue and...

Written Answers — Department of Finance: Tax Data (3 Mar 2021)

Paschal Donohoe: A comprehensive review of betting taxation policy was carried out in 2017 in advance of the rate increases in Budget 2019, where betting duty for retail and online operations increased from 1% to 2%, and the duty for betting exchanges increased from 15% to 25% of commissions earned on a bet. My Department keeps betting duty and betting intermediary duty under a rolling review as part of the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Mar 2021)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) was legislated for under the Financial Provisions (Covid-19) (No. 2) Act 2020. The scheme is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy and to deliver an enterprise support to employers based on business eligibility delivering a per-head subsidy on a flat rate basis. The EWSS is only available to...

Written Answers — Department of Finance: Vehicle Registration Tax (3 Mar 2021)

Paschal Donohoe: I am advised by Revenue that the receipts of Vehicle Registration Tax (VRT) for the years 2015 to 2019 are published at link: The provisional receipts of VRT for 2020 are €751.2 million. Finalised 2020 figures will be published in the coming months.

Written Answers — Department of Finance: Vehicle Registration Tax (3 Mar 2021)

Paschal Donohoe: There is no EU law harmonising the registration and taxation of vehicles. Ireland, along with many other Member States, operates a vehicle registration tax.

Written Answers — Department of Finance: Public Procurement Contracts (3 Mar 2021)

Paschal Donohoe: Deputy, I wish to advise that it was not possible for all the Bodies under my Aegis to respond to your information request in the time available and therefore, a partial reply in line with Standing Order 42A is being issued to you in respect of this Parliamentary Question. I will make arrangements to provide the Deputy with the information in relation to the Bodies under my Aegis as soon as...

Written Answers — Department of Finance: Covid-19 Pandemic (3 Mar 2021)

Paschal Donohoe: I wish to advise the Deputy that the only engagement that I or my officials have had with the Independent Scientific Advocacy Group (ISAG) relates to correspondence from the ISAG in December 2020 regarding the national response to Covid-19. The correspondence was primarily addressed to the Taoiseach and I was one of a number of recipients copied on the letter. While the majority of the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 198 and 234 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. Details of CRSS are set out in Finance Act 2020 and detailed operational guidelines, which are based on the terms and conditions of the scheme as...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Mar 2021)

Paschal Donohoe: As the Deputy may be aware, on 18 March last the Banking and Payments Federation of Ireland (BPFI) announced a coordinated approach by banks and other lenders to help their customers who were economically impacted by the Covid-19 crisis. The measures included flexible loan repayment arrangements where needed, including loan payment breaks initially for a period up to three months and then...