Results 24,041-24,060 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (18 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.   Section 11 of the Finance Act 2020 provides the legislative basis for the scheme. The scheme is available to companies, self-employed individuals and...

Written Answers — Department of Finance: Cycling Policy (18 May 2021)

Paschal Donohoe: Section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the Cycle to Work scheme. This scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and associated safety equipment for an employee. Under section 118B TCA 1997 an employer and employee may also enter into a salary sacrifice arrangement under which the employee agrees to...

Written Answers — Department of Finance: Tax Reliefs (18 May 2021)

Paschal Donohoe: I acknowledge the continuing cost pressures on parents with young children.  In recognition of these pressures, a number of support measures are already in place to ease the burden on working parents. These include various tax-exempted child-care related supports provided by the Minister for Children, Equality, Disability, Integration and Youth and measures such as the...

Written Answers — Department of Finance: Tax Reliefs (18 May 2021)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain organisations. In order to qualify for relief the applicant must hold a...

Financial Resolution 2021 - Financial Resolution: Stamp Duties (19 May 2021)

Paschal Donohoe: I move: (1) THAT, for the purposes of stamp duty charged by virtue of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), that Act be amended— (a) by the insertion of the following section after section 31D: “Stamp duty on certain acquisitions of residential property 31E. (1) In this section— ‘Act of 1997’ means the Taxes Consolidation Act 1997;...

Financial Resolution 2021 - Financial Resolution: Stamp Duties (19 May 2021)

Paschal Donohoe: I present this evening a financial resolution on stamp duties. Its purpose is to amend the Stamp Duties Consolidation Act 1999 through the insertion of a new section, 31E, titled "Stamp duty and certain acquisitions of residential property". It does this by imposing higher stamp duty charges on multiple purchases of residential units to take effect from midnight tonight. It is one part of...

Financial Resolution 2021 - Financial Resolution: Stamp Duties (19 May 2021)

Paschal Donohoe: I thank all Deputies for their contributions on this very important motion. Many different allegations have been made this evening regarding my intention, the intention of my party and indeed the intention of the Government in how we want to meet the housing needs of our country and the lack of progress that we have made. Allegations have been made about my intentions regarding this...

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

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide scheme that is open to all sectors. It focuses primarily on business eligibility, delivering a per-head subsidy on a flat rate basis to the employer. The objective of the EWSS is to support businesses, encourage employment and help to maintain the link between employers and employees. The EWSS has been a key component of the...

Written Answers — Department of Finance: State Aid (19 May 2021)

Paschal Donohoe: In Budget 2020, I provided for the introduction of a number of enhancements to the R&D tax credit for micro and small companies, including an increase in the rate of credit and an enhanced method of calculating the payable credit. These measures were introduced subject to a Commencement Order pending State aid approval from the Commission, given the targeted nature of the measures...

Written Answers — Department of Finance: State Aid (19 May 2021)

Paschal Donohoe: The objective of the Key Employee Engagement Programme (KEEP) is to assist small to medium size businesses in competing with larger companies when attempting to attract and retain key employees. The scheme offers a financial reward linked to the success of the company, an incentive that a potential key member of staff would not get at a larger company. KEEP has been in operation since 2018. ...

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

Paschal Donohoe: The Debt Warehousing Scheme remains available to support businesses that are experiencing tax payment difficulties arising from the COVID-19 pandemic and will not cease when public health restrictions are lifted. The liabilities being warehoused will be subject to lower interest rates (0% for the first 12 months and 3% per annum thereafter) until the liabilities are paid. The scheme...

Written Answers — Department of Finance: Housing Issues (20 May 2021)

Paschal Donohoe: HBFI was established in late 2018 to address a shortfall of finance available for the construction of residential housing. HBFI was designed to increase access to residential development finance generally and in particular to projects that had not been the current focus of traditional or alternative lenders at that time. Since commencing operations at the end of January 2019, HBFI has...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 198, 204 to 207, inclusive, and 213 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. The support is available to companies, self-employed individuals and partnerships...

Written Answers — Department of Finance: Housing Issues (20 May 2021)

Paschal Donohoe: HBFI have provided the details sought by the Deputy as set out in the table below. As of 31stDecember 2020, HBFI had approved funding which would support the delivery of 1,850 new homes across the state. The breakdown is as follows: No. Private Market 663 Part V 115 PRS 486 Social...

Written Answers — Department of Finance: House Prices (20 May 2021)

Paschal Donohoe: HBFI have provided the details sought by the Deputy as set out in the table below. Year Average Price of Units Sold 2019 €263,924 2020 €279,750 2021 €256,943

Written Answers — Department of Finance: House Sales (20 May 2021)

Paschal Donohoe: Home Building Finance Ireland commenced operations in January 2019, therefore there is no data available for 2018. The remaining information sought by the Deputy is set out in the table below.

Written Answers — Department of Finance: Cybersecurity Policy (20 May 2021)

Paschal Donohoe: The Office of the Government Chief Information Officer (OGCIO) provide ICT services for my Department. The OGCIO implement a security-by-design and defence-in-depth approach to cyber security. The Government’s services are still actively involved in managing and remediating the recent cyberattack on the HSE. OGCIO technical staff continue to operate and monitor all relevant...

Written Answers — Department of Finance: Tax Rebates (20 May 2021)

Paschal Donohoe: Real Estate Investment Trusts (REITs) Finance Act 2013 introduced the regime for the operation of Real Estate Investment Trust companies (REITs) in Ireland and the applicable rules are set out in Part 25A, Taxes Consolidation Act 1997. There are a number of criteria which companies must meet in order to avail of the REIT tax regime, including the requirement to be listed on the main market...

Written Answers — Department of Finance: House Sales (20 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 208 and 209 together. I am advised by HBFI that the number of developments in which units in that development are subject to forward purchase PRS sales which have been funded by HBFI is five developments, three of which were funded through the Momentum Fund. The overall total value of the funding is €264.04m (includes part v units) of which...

Written Answers — Department of Finance: Data Protection (20 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 210 and 211 together. In relation to my Department, I wish to advise that ICT services are provided by the Office of the Government Chief Information Officer (OGCIO). The services provided by the OGCIO are compliant with GDPR. In reference to your question about Article 29 of the GDPR in particular, as a data processor OGCIO has taken all reasonable...