Results 23,821-23,840 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Funding (21 Apr 2021)

Paschal Donohoe: I can advise the Deputy that my Department has no record of any funding being provided to the organisation named in the past five years. I wish to note that my response refers only to Department of Finance records and I cannot comment on behalf of other Government Departments.

Written Answers — Department of Finance: Customs and Excise (21 Apr 2021)

Paschal Donohoe: I am advised by Revenue that the monthly breakdown of betting duty collected in each of the years 2019, 2020 and for the first three months of 2021 are shown in the table below. Receipts for 2020 and 2021 are provisional at this time and may be subject to adjustment. - 2019 2020 2021 Prov. Prov. ...

Written Answers — Department of Finance: Customs and Excise (21 Apr 2021)

Paschal Donohoe: There is no direct hypothecation of betting duty to particular causes. Rather, revenues raised from betting duty go directly to the Exchequer and are then partly used to fund the Health, Justice and Welfare systems including the HSE, which bear the costs of problem gambling.

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

Paschal Donohoe: I propose to take Questions Nos. 503, 505, 508 and 509 together. Section 997A of the Taxes Consolidation Act (TCA) 1997 - ‘Credit in respect of tax deducted from the emoluments of certain directors’ - was introduced by way of section 13 of the Finance Act 2005. The section applies to directors or employees who have a material interestin a company that pays emoluments to the...

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

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020. It was legislated for in Section 28 of the Emergency Measure in the Public Interest (Covid-19) Act 2020 and 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....

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

Paschal Donohoe: At the outset, it is important to state 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 of Ireland can interfere in the provision or pricing of insurance products. This position is reinforced by the EU framework for insurance (Solvency II...

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

Paschal Donohoe: I am aware of the broad reform programme ‘The American Jobs Plan’ published by the White House on 31 March, which includes proposals in respect to corporation tax reform and a commitment by the US to seek ‘a global agreement on a strong minimum tax through multilateral negotiations’. These proposals are already the subject of intense scrutiny and extensive debate...

Written Answers — Department of Finance: National Treasury Management Agency (21 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 510, 511 and 512 together. The NTMA uses a network of primary dealers to sell Irish Government Bonds. There are currently fourteen primary dealers. Bond sales are mainly through two methods, bond syndications and bond auctions. Bond syndications involve assembling a syndicate of primary dealers, usually six, from the full network of primary dealers. The...

Written Answers — Department of Finance: Appointments to State Boards (21 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 514 and 517 together. The State Boards under the remit of my Department are the Central Bank Commission, the Credit Union Restructuring Board, the Financial Services and Pensions Ombudsman, Home Building Finance Ireland, the Irish Fiscal Advisory Council, the National Asset Management Agency, the National Treasury Management Agency and the Strategic Banking...

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

Paschal Donohoe: I am aware of suggestions for a solidarity tax to be imposed on those companies that appear to have fared better during the pandemic. While I understand why some may feel this is justified, I would urge caution. 2021 will be a critical year for International Tax as we seek agreement at the OECD on addressing the tax challenges of digitalisation. I believe that we should focus on seeking a...

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

Paschal Donohoe: I am advised by Revenue that returns for the Sugar Sweetened Drinks Tax (SSDT) require that supplies liable to the tax be categorised into two bands, based on their sugar content. These two bands are where the sugar content is 5g or more per 100ml but less than 8g per 100ml (Band 1) and supplies where the sugar content is 8g or more per 100ml (Band 2). The current SSDT rates charged are...

Written Answers — Department of Finance: Economic Policy (21 Apr 2021)

Paschal Donohoe: Country Specific Recommendations (CSRs) provide individual tailored guidance to Member States on macro-economic, budgetary and structural policies in accordance with Articles 121 and 148 of the Treaty on the Functioning of the European Union (TFEU). These recommendations, issued by the European Commission as part of the framework of the European Semester for economic governance, are aimed...

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

Paschal Donohoe: I am advised by Revenue that the quickest and easiest way for taxpayers to manage their tax filing and tax payment obligations is through the online services at www.revenue.ie., using the myAccount facility for PAYE taxpayers and the Revenue Online Service (ROS) for business/self-assessed taxpayers. While most self-assessed taxpayers are mandatory ‘e-filers’ and are therefore...

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

Paschal Donohoe: I note that the details supplied relate to claims of a particular insurance firm. While I cannot adjudicate on the matter raised, I welcome the legal certainty provided by the recent High Court judgment relating to the claimants. I also welcome that the particular company indicated that it will not appeal the judgment of the High Court; will pay valid claims; and endeavour to process claims...

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

Paschal Donohoe: I am aware of concerns that have been raised regarding the pace of recovery for certain sectors, and that it has been suggested that the level of support be increased and/or that the application of some of the new State supports should be delineated on the basis of explicit sectoral qualification criteria. However, the reality of COVID-19 is that our whole economy and labour market have been...

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

Paschal Donohoe: The definition of first time buyer in the legislation governing the Help-to-Buy (HTB) scheme is as follows: " first-time purchaser' means an individual who, at the time of a claim under subsection (3) has not, either individually or jointly with any other person, previously purchased or previously built, directly or indirectly, on his or her own behalf a dwelling;" . The intention is to...

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

Paschal Donohoe: I propose to take Questions Nos. 526 and 527 together. Revenue publishes an annual Cost of Tax Expenditures table, which shows the cost and numbers availing of a wide range of expenditures. I am advised by Revenue that it is available at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/costs-expenditures.aspx This table includes the following: - Approved...

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

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020. It was legislated for in Section 28 of the Emergency Measure in the Public Interest (Covid-19) Act 2020 and was an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. The Scheme operated until 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September...

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

Paschal Donohoe: Since the onset of COVID-19 in particular, I am aware of reports of some customers experiencing difficulties in obtaining mortgage protection cover as a result of having conditions deemed to be of a higher risk. As the Deputy will appreciate, while I have sympathy for the situation detailed, neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance...

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

Paschal Donohoe: I am advised by the Central Bank consistently reviews the regulatory framework to ensure it is fit for purpose. In this context, the Central Bank advocated for a legislative regime whereby customers would be protected regardless of whether their loan was held by a bank or a non-bank. As the Deputy is aware, the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 brought...