Results 23,381-23,400 of 33,175 for speaker:Paschal Donohoe

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

Paschal Donohoe: I propose to take Questions Nos. 223 and 224 together. The temporary reduction of the VAT rate on tourism and hospitality in Budget 2021 was projected at that time to cost €336m. The temporary reduction in the standard rate of VAT announced in the July Stimulus was projected to cost €440m. I am advised by Revenue that it is not yet possible to separately report the amount of...

Written Answers — Department of Finance: Help-To-Buy Scheme (3 Mar 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive was introduced in 2017. The measure is currently scheduled to expire on 31 December 2021. HTB 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. An increase in the supply of new housing remains a priority aim of Government policy. The...

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

Paschal Donohoe: The Pandemic Unemployment Payment (PUP) is a social welfare payment for workers (employees and self-employed) who are out of work due to the COVID-19 pandemic. PUP payments are classified in legislation as income supports and are subject to income tax. The taxation arrangements for the PUP were legislated for in Finance Act 2020. They reflect the standard approach to taxation of social...

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

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

Paschal Donohoe: The Pandemic Unemployment Payment (PUP) is a social welfare payment for workers (employees and self-employed) who are out of work due to the COVID-19 pandemic. PUP payments are classified in legislation as income supports and are subject to income tax. The taxation arrangements for the PUP were legislated for in Finance Act 2020. They reflect the standard approach to taxation of social...

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 Incentives (3 Mar 2021)

Paschal Donohoe: As the Deputy will be aware, I am not in a position to comment on specific taxpayers. However it should be noted that the details supplied refer to a matter occurring prior to 2015 and the Deputy will be aware that the film relief has been completely restructured since that time. Prior to 2015 the scheme provided tax relief to individuals investing in the film industry. In Finance Act 2015...

Written Answers — Department of Finance: National Broadband Plan (3 Mar 2021)

Paschal Donohoe: I wish to advise the Deputy that I have not engaged with National Broadband Ireland on any aspect of broadband provision in the past six months.

Written Answers — Department of Finance: Tax Code (4 Mar 2021)

Paschal Donohoe: In the case of a person who lives in Ireland but who works in another jurisdiction, the general tax position is that, as an Irish resident, they would be subject to Irish tax on their worldwide income from any source, including the employment exercised outside of the State. At the same time, the employment may also be subject to tax in the country in which the work is carried out. In...

Written Answers — Department of Finance: Mortgage Lending (4 Mar 2021)

Paschal Donohoe: While regulated lenders must comply with the various rules within the consumer protection framework, the extension of credit by lenders to potential customers is a commercial decision for the lender themselves and each lender will have its own individual credit lending policies and risk appetite. It is therefore a matter for the lender to determine its own lending policies and the factors it...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (4 Mar 2021)

Paschal Donohoe: The NTMA has informed me that, as part of its ongoing monitoring, ISIF uses the services of EOS at Federated Hermes who are a stewardship service provider to engage on its behalf directly with portfolio companies on a wide range of Environmental, Social and Governance (ESG) matters, including human rights issues. ISIF, through EOS, is also connected to the Investor Alliance on Human Rights...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (4 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 36, 37 and 38 together. The Ireland Strategic Investment Fund (ISIF), which is managed and controlled by the National Treasury Management Agency (NTMA), has a statutory mandate to invest on a commercial basis and in a manner designed to support economic activity and employment in Ireland. To the extent it is not reasonably practicable to hold or invest assets...

Written Answers — Department of Finance: EU Issues (4 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 39 and 40 together. The European Central Bank published a report in October 2020, which examines the issuance of a central bank digital currency (CBDC) – the digital euro – from the perspective of the Eurosystem. A digital euro would potentially be an electronic form of central bank money accessible to all citizens and firms. It would...

Written Answers — Department of Finance: Fiscal Data (4 Mar 2021)

Paschal Donohoe: The assessment of financial stability risks are discussed regularly at meetings of the Financial Stability Group (FSG), which comprises senior management of the Department of Finance, the Central Bank of Ireland and the National Treasury Management Agency. The FSG discussed global stablecoins at its meeting in September 2019. The FSG maintains a watching brief on any potential financial...

Written Answers — Department of Finance: Value Added Tax (4 Mar 2021)

Paschal Donohoe: I do not plan on extending the temporary reduction from 23% to 21% in the standard rate of VAT beyond the 28th of February.

Written Answers — Department of Finance: Tax Code (4 Mar 2021)

Paschal Donohoe: I am advised by Revenue that a person transferring their normal place of residence from outside of the EU may import their personal property free of import charges subject to the ‘Transfer of Residence’ conditions being met. One condition is that the importation of the goods must take place in the period six months before or twelve months after the transfer of residence occurs....

Written Answers — Department of Finance: Banking Sector (4 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: Covid-19 Pandemic Supports (4 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 45 and 46 together. I am advised by Revenue that at end February 2021, 24,174 applications to register for the Covid Restriction Support Scheme (CRSS) had been received. Of those, 20,689 (86%) have been registered and payments of €333m have issued to those qualifying businesses. Of the remainder, 2,925 (12%) were not eligible for the scheme and 560 (2%)...

Written Answers — Department of Finance: Banking Sector (4 Mar 2021)

Paschal Donohoe: As the Deputy may be aware, as Minister for Finance, I have no role in the commercial decisions made by any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard, including the management of branch networks, are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The...

Written Answers — Department of Finance: Help-To-Buy Scheme (4 Mar 2021)

Paschal Donohoe: I am advised by Revenue that the persons in question made an application for the Help to Buy (HTB) scheme on 29 October 2020. This application was approved by Revenue at that time but as no formal HTB claim was made by the persons, the application expired on 31 December 2020. The persons subsequently made a new application, which has been approved by Revenue. Revenue has also contacted...