Results 23,941-23,960 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Schemes (28 Apr 2021)

Paschal Donohoe: The Deputy will recall that last week, in response to a question from him along similar lines, I provided an answer to the first part of his query.  As noted by him, the Stay and Spend Tax Credit scheme is scheduled to terminate at the end of this month.  While I am very mindful of the significant difficulties that remain to be faced by the hospitality sector, I have made...

Written Answers — Department of Finance: Departmental Expenditure (28 Apr 2021)

Paschal Donohoe: The amount spent by my Department on public relations advice and media advice since January 2020 to date in 2021; and the companies engaged for this advice is outlined in the following table: - Date Commenced Amount in € Companies Engaged January 2020 (payment is for January 2020 – contract ran from August 2019 with payments being...

Written Answers — Department of Finance: Departmental Expenditure (28 Apr 2021)

Paschal Donohoe: The amount spent by my Department on advertising and public messaging in print, broadcast and online since January 2020 to date in 2021 is outlined in the following table: - Date Commenced Amount In € Companies Engaged Description Of Services: November 2020 €673.61 [vat exclusive] €815.07 [vat inclusive] ...

Written Answers — Department of Finance: Tax Code (28 Apr 2021)

Paschal Donohoe: I am advised by Revenue that the estimated revenue generated from a rate of 40% on capital gains for individuals with various income thresholds is as set out in the table below. The yield shown is based on income and Capital Gains Tax (CGT) returns for the tax year 2018, the latest year for which full income information is available. The estimates assume no change in behaviour by...

Written Answers — Department of Finance: Departmental Transport (28 Apr 2021)

Paschal Donohoe: I wish to inform the Deputy that my Department does not own any vehicles. There are 17 bodies under the aegis of my Department, 3 of which own vehicles. These are the Central Bank, the National Treasury Management Agency (NTMA) and the Office of the Revenue Commissioners. The Central Bank has provided a high level estimate of €175k to replace 5 petrol and diesel vehicles with...

Written Answers — Department of Finance: Value Added Tax (29 Apr 2021)

Paschal Donohoe: In recognition of the unprecedented challenges facing the sector, I provided for a reduction in the VAT rate for the hospitality sector, including hairdressing services, in Budget 2021. The rate was reduced from 13.5% to 9% from 1 November 2020 to 31 December 2021.  Those changes introduced in the context of the pandemic are kept under review by my Department. Separately, tax changes...

Written Answers — Department of Finance: Wage Subsidy Scheme (29 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 has been a key component of the Government’s response to the continued Covid-19 crisis to support viable firms and encourage employment in the midst of these very challenging times. As of the week ending 23...

Written Answers — Department of Finance: Tax Yield (29 Apr 2021)

Paschal Donohoe: On 21stJuly 2020, Heads of State and Government reached agreement on the Post-2020 Multiannual Financial Framework (MFF) and Next Generation EU (NGEU), totalling €1.82 trillion. The agreement by leaders also made a number of changes to the current system of Own Resources, including the introduction of a plastic-based contribution based on non-recycled plastic packaging. The plastic...

Written Answers — Department of Finance: Value Added Tax (29 Apr 2021)

Paschal Donohoe: Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate, which in Ireland is 23%. Parts or accessories are also liable to VAT at the standard rate. There is no provision under existing VAT law that would make it possible to apply a reduced rate or zero rate to the supply of such products. Under the EU VAT Directive, Member States may retain the zero...

Written Answers — Department of Finance: Wage Subsidy Scheme (29 Apr 2021)

Paschal Donohoe: Revenue is statutorily bound to confidentiality in respect of taxpayer information. Section 851A of the Taxes Consolidation Act 1997 formalises taxpayer confidentiality and reassures taxpayers that their personal and commercial information disclosed to Revenue for tax purposes is protected against unauthorised disclosure by Revenue to third parties.  Therefore, Revenue is precluded...

Written Answers — Department of Finance: Insurance Costs (29 Apr 2021)

Paschal Donohoe: The Government has prioritised the reform of the insurance sector in order to improve the cost and availability of this key financial service, including for businesses. In this regard the Action Plan for Insurance Reform sets out 66 actions across several policy areas, including my Department, with 95% due to be completed by the end of 2021. At its most recent quarterly meeting in...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (5 May 2021)

Paschal Donohoe: 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. The CRSS was announced in the Budget on 13 October 2020. The details are set out in Finance Act 2020 and guidelines on the operation of the scheme, including the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (5 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 205, 215 and 216 together. I believe that with regard to "staycation supports", Deputy Smith may be referring to the Stay and Spend Tax Credit scheme which terminated on 30 April. While I recognise the significant difficulties that remain to be faced by the hospitality sector, the decision not to extend the scheme into the summer months was taken in...

Written Answers — Department of Finance: Insurance Industry (5 May 2021)

Paschal Donohoe: It is important to note that as Minister for Finance, I do not have responsibility for issues in relation to health insurance, and therefore my answer will relate primarily to life insurance. In general, whether an individual can make a claim in relation to life insurance cover will depend on the specifics of the policy, including in the scenario referenced in the question. The Deputy will...

Written Answers — Department of Finance: Credit Unions (5 May 2021)

Paschal Donohoe: Credit unions in Ireland are regulated and supervised under the Credit Union Act, 1997 (the 1997 Act) and regulations issued by Central Bank, which set out the framework for the registration, regulation and operation of credit unions. Board of directors Sections 53-57 of the 1997 Act set out the relevant legislative provisions relating to the directors of credit unions. The process for the...

Written Answers — Department of Finance: Banking Sector (5 May 2021)

Paschal Donohoe: Independent ATM providers are regarded as Professional Cash Handlers and as such they are monitored by the Central Bank of Ireland for compliance with the Decision of the European Central Bank (ECB/2010/14) on the authenticity and fitness checking and recirculation of euro banknotes. The revised Payment Services Directive (PSD2) regulates payment service providers across Europe and...

Written Answers — Department of Finance: Value Added Tax (5 May 2021)

Paschal Donohoe: Gym membership fees are considered to be the right of admission to facilities for taking part in sporting or physical education activities. The EU VAT Directive permits the application of a rate of not less than 5% for such services, and accordingly the second reduced rate of VAT, currently 9%, has been applied to gym membership fees. Where separate charges apply in respect of training...

Written Answers — Department of Finance: Departmental Investigations (5 May 2021)

Paschal Donohoe: The Department of Finance is a high performing professional organisation which operates to the highest standards. To ensure the Department achieves priority outcomes the aim is to sustain and foster a culture and related values that exemplify ethical behaviour and effective governance. These shared values drive behaviour and define a culture that support the efforts to deliver the mission in...

Written Answers — Department of Finance: Wage Subsidy Scheme (5 May 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which operated from 26 March 2020 to 31 August 2020 provided income support to eligible employees whose employers were negatively affected by the COVID-19 pandemic. The scheme was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. Under the scheme, employers were expected to make best efforts to maintain their...

Written Answers — Department of Finance: Banking Sector (5 May 2021)

Paschal Donohoe: It is important to highlight that, as Minister for Finance, I have no role to play in negotiations between KBC Group and Bank of Ireland which could see the latter party acquiring substantially all of KBC’s Irish business. Nor do I have a role in approving any deal that may be agreed between the two parties. Although the State has a 14% minority shareholding in Bank of Ireland,...