Results 23,781-23,800 of 33,175 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: Our Estimates-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: Deputy Durkan referred to our "discourse", so we must have been doing something right.

Written Answers — Department of Finance: Vehicle Registration Tax (21 Apr 2021)

Paschal Donohoe: I am informed by Revenue that Statutory Instrument (S.I.) No. 318 of 1992, Vehicle Registration and Taxation Regulations (as amended by S.I. No. 542 of 2012) prescribes the format, lettering, dimensions and technical specifications of registration plates to be displayed on vehicles in the State. It is an offence to display the wrong registration number on a vehicle or to display the...

Written Answers — Department of Finance: Tax Code (21 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 460 and 522 together. Those who incur expenses in relation to farm diesel in the course of their trade of agricultural contracting may claim an income tax or corporation tax deduction for these expenses, including any carbon tax charged in respect of the diesel. An additional tax measure for farmers was introduced in Budget 2012 to compensate for...

Written Answers — Department of Finance: Banking Sector (21 Apr 2021)

Paschal Donohoe: Firstly, I would like to point out that it would not be appropriate for the Minister for Finance to comment on specific policies in individual credit unions. In addition, the Central Bank as regulator of the credit union sector cannot comment on specific matters in individual credit unions due to confidentiality reasons. The Central Bank has also informed me that they do not contact...

Written Answers — Department of Finance: Ministerial Correspondence (21 Apr 2021)

Paschal Donohoe: As Minister for Finance I have no responsibility in regard to rents which are private agreements between landlords and tenants. However, in regard to protection for businesses with mortgage repayments with banks, on 18 March 2020 the Banking and Payments Federation of Ireland (BPFI) announced a coordinated approach by banks and other lenders to help their customers who were economically...

Written Answers — Department of Finance: Help-To-Buy Scheme (21 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 463 and 477 together. 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. It also has as a key aim the encouragement of additional supply of new houses by supporting demand. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid...

Written Answers — Department of Finance: Help-To-Buy Scheme (21 Apr 2021)

Paschal Donohoe: The Help To Buy (HTB) scheme is designed to assist first-time buyers with the deposit required to purchase or self-build a new house or apartment to live in as their home. HTB has a two main stages: the application stage and the claim stage. Compliant taxpayers who complete a HTB application are provided with an application number and a summary of the maximum relief available to them under...

Written Answers — Department of Finance: Insurance Industry (21 Apr 2021)

Paschal Donohoe: I am very conscious of the difficulties facing some sectors, including those highlighted by the Deputy, with regard to the affordability and availability of insurance cover. However, neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is...

Written Answers — Department of Finance: Pension Provisions (21 Apr 2021)

Paschal Donohoe: I understand that this question relates to a person who received an increase in their Living Alone Allowance from the Department of Social Protection (DSP), while their occupational pension and state pension from the DSP are unchanged. The mechanism used to tax payments from the DSP, where a person has an additional source of income (for example, an occupational pension), is by reducing...

Written Answers — Department of Finance: Tax Code (21 Apr 2021)

Paschal Donohoe: My officials tried unsuccessfully to seek clarification with you on this PQ. Therefore, the reply is being made on a best efforts basis. Given that the question is in relation to a death, the Deputy may have intended to query the relevant tax treatment in the circumstances set out for inheritance tax purposes and not capital gains tax. If this is the case, I am informed by Revenue that...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Apr 2021)

Paschal Donohoe: The purpose of the Stay and Spend Tax Credit scheme was to provide targeted support to businesses within the hospitality sector whose operations are likely to be most affected by continued restrictions on public health grounds. The scheme was developed at a time when there appeared to be a steady downward trend in infection rates and there was an expectation that the re-opening of the...

Written Answers — Department of Finance: Credit Unions (21 Apr 2021)

Paschal Donohoe: The Government welcomes the important work credit unions are doing to support communities throughout Ireland at this difficult time and recognises the key role that credit unions play in the delivery of financial services in local communities across Ireland. The Minister of State in my Department, Sean Fleming TD, has credit unions as part of his remit. The Government regularly engages with...

Written Answers — Department of Finance: Credit Unions (21 Apr 2021)

Paschal Donohoe: In answering the Deputy's question, I am referring to the sector's involvement in social housing projects. Following a review of the investment framework for credit unions in 2017, the Central Bank introduced amending investment and liquidity regulations for credit unions. Since 1 March 2018, credit unions have been permitted to invest in regulated investment vehicles where the...

Written Answers — Department of Finance: Tax Reliefs (21 Apr 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: Banking Sector (21 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 472 and 480 together. As the Deputy is aware, the Programme for Government includes a commitment to introduce a Senior Executive Accountability Regime (SEAR). SEAR will drive positive changes in terms of culture, greater delegation of responsibilities, and enhanced accountability while simplifying the taking of sanctions against individuals who fail in...

Written Answers — Department of Finance: Mortgage Lending (21 Apr 2021)

Paschal Donohoe: When a person applies for a mortgage loan to buy a home, the person will generally be required to take out mortgage protection insurance. In most cases, a lender is legally required under section 126 of the Consumer Credit Act 1995 to make sure that a mortgage applicant has mortgage protection insurance in place before granting a mortgage loan. This is an important statutory provision which...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 474, 493 and 513 together. The Covid Restrictions Support Scheme (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 the CRSS are set out in Finance Act 2020 and detailed operational guidelines, which are based...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Apr 2021)

Paschal Donohoe: The Temporary Wage Subsidy (TWSS) was in place between 26 March and 31 August 2020 and was introduced as an emergency income support for employees of vulnerable firms whose businesses had been negatively impacted by COVID restrictions and whose turnover had reduced by at least 25% during Q2 while the strictest public health measures were in place. The support was paid via the employer so as...

Written Answers — Department of Finance: Value Added Tax (21 Apr 2021)

Paschal Donohoe: Future tax changes are generally taken in the context of the Budget. Deputies will be aware that my officials prepare a series of papers containing tax options for the Tax Strategy Group to be considered in the context of the budgetary process, alongside a wide range of submissions from various stakeholders and lobby groups. Revenue provides a “Ready Reckoner” to facilitate the...