Results 23,961-23,980 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Wage Subsidy Scheme (5 May 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 very latest data from Revenue indicate that over 66,600 employers were supported through the TWSS in respect of more...

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

Paschal Donohoe: The retail financial services sector is undergoing a major period of change. In the last two months, we have seen several major announcements including the withdrawal of Ulster Bank and the potential withdrawal of KBC Bank Ireland, the forthcoming closure of a large number of bank branches by Bank of Ireland and a much smaller number by AIB. The sector is facing a number of long...

Written Answers — Department of Finance: Charitable and Voluntary Organisations (5 May 2021)

Paschal Donohoe: I can advise the Deputy that my Department has no oversight of the funding provided to the NGO and charity sector per annum. 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: Charitable and Voluntary Organisations (5 May 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department has no record of any funding being provided by it to the NGO and charity sector in the years 2000 to 2020. 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: Charitable and Voluntary Organisations (5 May 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department has no record of any funding being provided by it to the NGO and charity sector in the years 2010 to 2020. 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: Departmental Legal Costs (5 May 2021)

Paschal Donohoe: It has not been possible in the time available to compile all the information required. However my officials will follow up with the Deputy in writing.

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

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of which Member States may apply a...

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

Paschal Donohoe: I propose to take Questions Nos. 222, 223, 224, 225 and 226 together. At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal and policy framework governing financial regulation. As such, my Department does not collect the type of information being sought by the Deputy. Nonetheless, in response to the Deputy’s question, my...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (6 May 2021)

Paschal Donohoe: I believe that with regard to "staycation grant", the Deputy 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 the broad interests of taxpayers and having regard to the substantial...

Written Answers — Department of Finance: Insurance Coverage (6 May 2021)

Paschal Donohoe: This Government is committed to bringing down the cost and increasing the availability of insurance for motorists, homeowners, businesses and voluntary groups alike. The Action Plan for Insurance Reform sets out 66 actions across several policy areas, with 95 per cent due to be completed by the end of 2021. Progress continues to be made across many areas, and the adoption of the Personal...

Written Answers — Department of Finance: Wage Subsidy Scheme (6 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. Payments made to employees through the scheme are liable to income tax and Universal Social Charge (USC). The scheme was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1...

Written Answers — Department of Finance: Tax Code (6 May 2021)

Paschal Donohoe: I am advised by Revenue that the revised capital gains tax (CGT) entrepreneur relief applies to an individual who disposes of qualifying assets, including shares in a qualifying company. Gains on such disposals are charged to CGT at the rate of 10%, subject to a lifetime limit of €1m of gains. For the relief to apply, the assets must be used for the purposes of a qualifying business...

Written Answers — Department of Finance: Banking Sector (6 May 2021)

Paschal Donohoe: All credit institutions in Ireland are independent commercial entities and I have no statutory role in relation to the charges applied by credit institutions. Section 149 of the Consumer Credit Act 1995 requires that credit institutions and bureaux de change notify the Central Bank if they wish to introduce any new customer charge for providing a service or increase any existing customer...

Written Answers — Department of Finance: Brexit Supports (6 May 2021)

Paschal Donohoe: I am advised by Revenue that training as regards the customs formalities and requirements arising from the UK’s departure from the EU is a matter primarily for each business to determine based on its business model, supply chain, level of existing customs expertise, if any, and any contractual arrangement in place with a customs agent to undertake and complete customs formalities on...

Seanad: Future of Banking in Ireland: Statements (10 May 2021)

Paschal Donohoe: I thank the Leas-Chathaoirleach for the opportunity to discuss the future of banking. I will open this discussion by updating the House on what I see as some of the key issues: the impact of Covid-19 and our response; the changing retail financial sector environment and the challenge for banks to secure an appropriate return; and the continuing effort to improve regulation and rebuild trust...

Seanad: Future of Banking in Ireland: Statements (10 May 2021)

Paschal Donohoe: The Senator got his hair cut though.

Seanad: Future of Banking in Ireland: Statements (10 May 2021)

Paschal Donohoe: There are two images that stick with me across a varied and interesting sharing of views in the Seanad this afternoon. The first was hearing Senator Burke talk about the changes in competition in Castlebar over many years, going from an environment in which there were many banks competing for the business of local residents to where it is now, where there are very few. The second image was...

Residential Property Market: Motion [Private Members] (11 May 2021)

Paschal Donohoe: I thank the Acting Chair for the opportunity to respond to the different points made, and, indeed, to respond to some of the charges made against the Government, my party and the Ministers working on responding to the great challenge we face. Let me begin by making it completely clear where this Government and I stand and where previous Governments have stood, and whose side we are on....

Written Answers — Department of Finance: Covid-19 Pandemic Supports (11 May 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. The support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from which are chargeable to tax under Case I of Schedule D,...

Written Answers — Department of Finance: Tax Collection (11 May 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...