Results 26,441-26,460 of 33,207 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Official Travel (8 Feb 2022)

Paschal Donohoe: The government is in the process of finalising the programme to mark St Patrick’s Day around the world. This will include a programme of visits by Ministers that will be approved by the Government early this month, and which will be made public immediately afterwards.

Written Answers — Department of Finance: Departmental Data (8 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 253 and 254 together. I am advised by Revenue that in relation to Vehicle Registration Tax (VRT), the number of vehicles which were the subject of a written warning, detained under section 140 of the Finance Act 2001, seized under section 141 of the Finance Act 2001 and/or where a compromise penalty was paid under S144(2) or S128(5) of the Finance Act 2001 for...

Written Answers — Department of Finance: Banking Sector (8 Feb 2022)

Paschal Donohoe: It should be noted that the approval or refusal of applications made by any firm to the Central Bank of Ireland is not a matter which the Minister or the Department of Finance has any role or involvement in. I am also informed by the Central Bank of Ireland that it does not regulate the firm in question. While the Central Bank cannot comment on individual firms it is the responsibility of...

Written Answers — Department of Finance: Banking Sector (8 Feb 2022)

Paschal Donohoe: The Central Bank has indicated that it expects all regulated firms to take a consumer-focused approach and to act in their customers’ best interests at all times, including during the COVID-19 pandemic. In addition, since the COVID-19 situation first arose, I have maintained contact with the Banking and Payments Federation of Ireland (BPFI) and banks on the measures the sector has...

Written Answers — Department of Finance: Tax Credits (8 Feb 2022)

Paschal Donohoe: As with all tax expenditures, the R&D tax credit is regularly evaluated to assess its continuing relevance and impact. In line with my Department’s Tax Expenditure Guidelines, an evaluation of the R&D tax credit took place over 2019 and 2020. This evaluation, as part of its scope, examined the interaction between SMEs and the credit and looked at elements of the...

Written Answers — Department of Finance: Housing Schemes (8 Feb 2022)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. I am advised by Revenue that detailed statistics on the Help to Buy...

Written Answers — Department of Finance: Primary Medical Certificates (8 Feb 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme (DDS) 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 who also meet one of six specified medical criteria, as a driver or as a passenger and also to certain organisations. In order...

Written Answers — Department of Finance: Tax Code (8 Feb 2022)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. The legislation governing the HTB scheme is set out in section...

Written Answers — Department of Finance: Tax Yield (8 Feb 2022)

Paschal Donohoe: The revenue raised from Carbon Tax from 2017 to 2021 is set out in the table below. Please note that figures for 2021 are provisional. Year Carbon Tax Revenue (VAT exclusive) 2017 €419,603,362 2018 €431,131,924 2018 €430,461,735 2020 €493,572,969 ...

Written Answers — Department of Finance: Primary Medical Certificates (9 Feb 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme (DDS) 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 who also meet one of six specified medical criteria, as a driver or as a passenger and also to certain organisations. In order...

Written Answers — Department of Finance: Tax Code (9 Feb 2022)

Paschal Donohoe: It is assumed that the Deputy's question relates to the tax treatment of the lessor in a rental transaction involving a second home. It is a general principle of taxation that, as far as possible, income from all sources should be subject to taxation. Ireland has a progressive income tax system which is structured such that the more income you have, the more tax you pay. As a...

Written Answers — Department of Finance: Tax Reliefs (9 Feb 2022)

Paschal Donohoe: Section 110 of the Taxes Consolidation Act 1997 sets out a regime for the taxation of special purpose companies set up to securitise assets. The tax provisions are intended to create a tax neutral regime for bona-fide securitisation and structured finance purposes. The section 110 regime enables noteholders to invest through one structured vehicle, without giving rise to an additional layer...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (10 Feb 2022)

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. It is an economy-wide scheme that operates across all sectors. In money terms, the overall support provided to-date (3rd February) by...

Written Answers — Department of Finance: Housing Schemes (10 Feb 2022)

Paschal Donohoe: The Help to Buy (HTB) scheme is an incentive for first-time property purchasers to help with the deposit needed to purchase or self-build a new house or apartment as a home. To date, the scheme has provided over €560 million to first time buyers in respect of more than 30,000 eligible claims. I am advised by Revenue that the scheme operates through an online system that includes...

Written Answers — Department of Finance: Housing Schemes (10 Feb 2022)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive 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 Taxes Consolidation Act (TCA) 1997 outlines the...

Written Answers — Department of Finance: Employment Data (10 Feb 2022)

Paschal Donohoe: Measures to limit the spread of COVID-19 had a substantial impact on economic activity and the labour market. At peak in May 2020, approximately 1.2 million people were in receipt of some form of income assistance from the state. However, since the phased re-opening of our economy and society at the start of April 2021, the outlook for the labour market has significantly improved. The...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (10 Feb 2022)

Paschal Donohoe: The position is that this Government has introduced a broad range of COVID-19 supports for businesses such as the Employment Wage Subsidy Scheme (EWSS) and its predecessor, the Temporary Wage Subsidy Scheme (TWSS) which represents a substantial and key part of this Government’s response to the COVID-19 crisis. The objective of both the EWSS and the TWSS before it is to support...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (10 Feb 2022)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which was provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, expired on 31 August 2020. The TWSS has been replaced by the Employment Wage Subsidy Scheme (EWSS) which is provided for in section 28B of the Emergency Measures in the Public Interest (COVID-19) Act 2020, as amended. The key eligibility...

Written Answers — Department of Finance: Inflation Rate (10 Feb 2022)

Paschal Donohoe: Consumer price inflation picked up sharply over the second half of last year and by December was running at 5.7 per cent – the highest annual rate in more than two decades. While some moderation was evident in January, the annual rate is still 5.0 per cent. Almost every advanced country in the world is in the same position. In the euro area, the annual inflation rate reached a record...

Written Answers — Department of Finance: Tax Reliefs (10 Feb 2022)

Paschal Donohoe: I propose to take Questions Nos. 245 and 246 together. As the Deputy will be aware, there are a number of administrative and legislative provisions under which employers can support employees in working from home. Where e-workers incur certain extra expenditure in the performance of their duties of employment remotely or from home, such as additional heating and electricity costs,...