Results 25,621-25,640 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Employment Schemes (23 Nov 2021)

Paschal Donohoe: I assume that the Deputy's query relates to the Employment Wage Subsidy Scheme (EWSS), which replaced the Temporary Wage Subsidy Scheme (TWSS) on 1 September 2020. As previously outlined in my reply to Parliamentary Question 34287/21 in relation to the business in question, the EWSS is an economy-wide support to assist eligible employers meet employee wages where trade is negatively...

Written Answers — Department of Finance: Banking Sector (23 Nov 2021)

Paschal Donohoe: As the Deputy may be aware, as Minister for Finance, I have no role in the commercial decisions made by any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The independence of banks in which the State has a...

Written Answers — Department of Finance: Legislative Measures (23 Nov 2021)

Paschal Donohoe: The Central Bank of Ireland has advised that the public can consult the "Register of Mortgage Credit Intermediaries/Mortgage Intermediaries" and the “Register of Moneylenders” by viewing them on the Central Bank of Ireland’s Registers website registers.centralbank.ie/DownloadsPage.aspx, and this website is open to the public on a full-time basis and is accessible by the...

Written Answers — Department of Finance: Departmental Data (23 Nov 2021)

Paschal Donohoe: Great Britain was still a member of the Customs Union in 2020 and as such no customs duties were payable on the free movement of goods (within the Union). The table below provides the total (global) VAT and custom duties collected on imports in 2020 and 2021. I am advised that information specific to Great Britain is not presently available. Revenue has advised me that it will be undertaking...

Written Answers — Department of Finance: Tax Code (23 Nov 2021)

Paschal Donohoe: I am advised by Revenue that the number of persons who paid the Domicile Levy for the years 2017 to 2020 and the amounts paid is set out in the table below. Returns and payments in respect of 2021 are not due until 31 October 2022. The number of persons for 2018 and 2020 are expressed in the table as less than 10 to ensure taxpayer confidentiality is not compromised. It is not a requirement...

Written Answers — Department of Finance: Tax Credits (23 Nov 2021)

Paschal Donohoe: The Deputy may be aware that Revenue conducted a comprehensive review of the administratively based Flat Rate Expenses (FRE) regime in 2018 and 2019. Revenue has advised me that the purpose of the FRE review, which involved engagement with relevant representative bodies, was to ensure that the expenses granted to each employment category remain justified and appropriate to modern day...

Written Answers — Department of Finance: Departmental Bodies (23 Nov 2021)

Paschal Donohoe: Since inception, HBFI has approved €664m in funding for over 3,000 new homes across 18 counties (as of 30 September 2021), comprising of approximately 62% houses and 38% apartments. Of the units for which funding has been approved by HBFI up to the end of September 2021, 73% is for the private and PRS market (which also includes 107 units for Part v) and 27% for social housing (AHB...

Written Answers — Department of Finance: Revenue Commissioners (23 Nov 2021)

Paschal Donohoe: Revenue has recently extended the filing date for self-assessed income tax returns to 5pm on Friday 19 November 2021 to assist taxpayers and tax practitioners with the difficulties arising from recent COVID-19 developments. This is the second extension that Revenue has provided for this filing date having previously moved it from the statutory 31 October 2021 date to 17 November 2021 for...

Written Answers — Department of Finance: Insurance Industry (23 Nov 2021)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which prohibits Member States from intervening. ...

Written Answers — Department of Finance: Energy Conservation (23 Nov 2021)

Paschal Donohoe: There are certain requirements which govern the provision of residential mortgage credit to consumers. For example, the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (CMCAR) provide that, before concluding a mortgage credit agreement, a lender must make a thorough assessment of the consumer’s creditworthiness with a view to verifying the prospect of the...

Written Answers — Department of Finance: Tax Credits (23 Nov 2021)

Paschal Donohoe: Finance Bill 2021 provides for the introduction of a new tax credit for the digital gaming sector. Digital gaming is a sector that has seen exponential global growth in the past decade, however this growth has not been reflected in industry growth here in Ireland. Ireland has the potential to utilise the synergies with our established film and animation sectors, to support employment in...

Written Answers — Department of Finance: Departmental Schemes (23 Nov 2021)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from Vehicle Registration Tax 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 charitable organisations. In order to qualify for relief,...

Written Answers — Department of Finance: Rental Sector (23 Nov 2021)

Paschal Donohoe: As no specific details were provided in respect of the tenant, the reply to the Question put by the Deputy is based on the generality of the provisions relating to non-resident landlords. Section 18 Taxes Consolidation Act 1997 (TCA) provides that rental income earned by both Irish resident and non-Irish resident companies and individuals from a property situated in the State is taxable...

Written Answers — Department of Culture, Heritage and the Gaeltacht: Covid-19 Pandemic (23 Nov 2021)

Paschal Donohoe: The objective of the Employment Wage Subsidy Scheme (EWSS) is to support 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 Covid-19 crisis. The cost to date (18thNovember) of the EWSS is over €6.3 billion comprising of direct subsidy payments of €5.505 billion...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: I move amendment No. 124: In page 164, line 18, to delete “sections 175 and 177AE” and substitute “section 175 or 177AE, as the case may be,” Section 77 of the Finance Bill 2021, as published, introduced Part 22A into the Taxes Consolidation Act 1997, which provides for a residential zoned land tax, RZLT.The zoned land tax contains the provisions which will...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: The remaining amendments are all technical in nature, correcting references and typos and making other minor errors where the legislation, as drafted, did not quite work from a technical perspective. I will be introducing a number of Report Stage amendments which I think at this stage will mainly relate to maps and are likely to be technical in nature.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: If it is worth €1 million, the owner will be paying €30,000.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: It is because of the difference in scale of the tax. I will give the Deputy a sense of how broad we believe this tax will be in comparison with the current vacant site levy. Currently, the vacant site levy is applied to 501 ha across the country. My recollection is that it applies to several hundred properties. Our estimate is that the zoned land tax will cover approximately 8,000 ha to...