Results 23,841-23,860 of 33,175 for speaker:Paschal Donohoe

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

Paschal Donohoe: As the Deputy may be aware, National Asset Residential Property Services DAC (NARPS) is a NAMA subsidiary which operates by purchasing suitable residential units directly from NAMA debtors and receivers and leasing them on to Local Authorities or Approved Housing bodies for social housing use. As regards the future plans for NARPS, the Deputy will note the recommendation regarding NARPS...

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

Paschal Donohoe: As the Deputy will be 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 their financial sector roles. My officials are engaging...

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

Paschal Donohoe: I assume the Deputy is seeking the total expenditure on the Employment Wage Subsidy Scheme (EWSS) and its predecessor, the Temporary Wage Subsidy Scheme (TWSS) since March 2020 and I will answer as such. The TWSS was in place for 22 weeks between 26 March and 31 August 2020. It was introduced as an emergency income support for employees of vulnerable firms whose businesses had been...

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

Paschal Donohoe: The legislative basis for the Covid Restrictions Support Scheme (CRSS) is provided by Section 11 of the Finance Act 2020 and is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities the profits of which are chargeable to tax under Case 1 of Schedule D. A qualifying business must operate from a premises located in a region that is...

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

Paschal Donohoe: The vacant site levy falls within the area of responsibility of the Minister for Housing, Local Government and Heritage and is not a matter for the Minister for Finance. In relation to a site value tax, the 2012 report of the Inter-departmental Group on the Design of a Local Property Tax comprehensively examined the basis of assessment for the Local Property Tax (LPT), including both the...

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

Paschal Donohoe: 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 Corporation of Ireland. It should be noted that having...

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

Paschal Donohoe: I am advised by Revenue that the receipts from Betting Duty in each of the years 2015 to 2019 are published at link: . The receipts for 2020 are €86.8 million. This amount is provisional at this time and may be subject to adjustment. Betting Duty receipts for 2021 are forecast to be in the region of €100 million.

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

Paschal Donohoe: The tax treatment of the transfer of ownership of an aircraft will depend on the facts and circumstances pertaining to that transfer. The treatment may vary depending on: - whether the transfer was carried out in the course of a trade carried on in Ireland, - the place where the parties to the transfer are resident for tax purposes, and - the manner in which the transfer took place –...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Apr 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. Details of the CRSS are set out in Finance Act 2020 and detailed operational guidelines, which are based on the terms and conditions of the scheme as set out in the legislation, have been published on...

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

Paschal Donohoe: As the Deputy may be aware, under a previous Programme for Government commitment I have thoroughly examined the possibility of implementing a public banking system. My Department published a paper in December 2019 by Indecon Consulting on an Evaluation of the Concept of Community Banking in Ireland. This was a follow on to a previous paper on Local Public Banking published by my Department...

Covid Restrictions Support Scheme Regulations and Employment Wage Subsidy Scheme Regulations: Motions (22 Apr 2021)

Paschal Donohoe: I move: That Dáil Éireann approves the following Regulations in draft: Taxes Consolidation Act 1997 (Covid Restrictions Support Scheme) (Date Adjustment) Order 2021, a copy of which was laid in draft form before Dáil Éireann on 8th April, 2021. I am pleased to move two resolutions today, seeking the approval of the House for the following draft orders which provide...

Covid Restrictions Support Scheme Regulations and Employment Wage Subsidy Scheme Regulations: Motions (22 Apr 2021)

Paschal Donohoe: I thank Deputies for raising many issues with me relating to the WSS and the CRSS. I also want to acknowledge and thank the Minister of State, Deputy Fleming, for all of the work he is doing in the Department of Finance in dealing with many of the issues that have been raised by colleagues this afternoon. I want to begin by answering a number of questions that were put to me in the...

Covid Restrictions Support Scheme Regulations and Employment Wage Subsidy Scheme Regulations: Motions (22 Apr 2021)

Paschal Donohoe: I move: That Dáil Éireann approves the following Regulations in draft: Emergency Measures in the Public Interest (Covid-19) Act 2020 (Covid-19: employment wage subsidy scheme) (Date Adjustment) (No. 2) Order 2021, a copy of which was laid in draft form before Dáil Éireann on 8th April, 2021.

Written Answers — Department of Finance: Help-To-Buy Scheme (22 Apr 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with obtaining the deposit they need to buy or build a new house or apartment. The scheme gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act (TCA) 1997...

Written Answers — Department of Finance: Tax Data (22 Apr 2021)

Paschal Donohoe: At the outset, I am assuming that the Deputy is referring to Capital Gains Tax (CGT) relief under Section 604A of the Taxes Consolidation Act, 1997.   I am advised by Revenue that the latest available data available is for the tax year 2018, which is published on the Revenue website. Information in respect of the number of claimants and the amount of relief claimed...

Written Answers — Department of Finance: Help-To-Buy Scheme (22 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...

Written Answers — Department of Finance: Financial Services Regulation (22 Apr 2021)

Paschal Donohoe: Since 2011, the Government has enacted a broad range of primary and secondary legislation to address issues that arose prior to 2008, to provide more consumer protection and to ensure greater oversight, stability and sustainability of the Irish financial services sector. The regulatory landscape has been utterly overhauled since the financial crisis, with: - the Central Bank Reform Act 2010;...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Apr 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. The EWSS “turnover test” has been specifically designed so as to target the subsidy at otherwise viable employers whose businesses continue to be adversely impacted by COVID-19 by requiring a comparison of the...

Written Answers — Department of Finance: Defective Building Materials (22 Apr 2021)

Paschal Donohoe: My colleague the Minister for Housing, Local Government and Heritage is responsible for the defective concrete blocks remediation financial assistance scheme and his Department will be best place to advise on the progress of the scheme including the number of properties which have undergone full remediation. The mortgage lending policies of retail banks is a business...