Results 361-380 of 1,718 for long speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (9 Nov 2021)

Paschal Donohoe: The Flat-Rate Farmer’s Scheme is a long-standing arrangement under VAT law that allows farmers who remain unregistered for VAT purposes to be compensated on an overall basis for the VAT charged to them on their purchases of goods and services. The Scheme is designed to reduce the administrative burden for farmers and allows them to remain outside the normal VAT system thereby avoiding...

Written Answers — Department of Finance: Tax Data (9 Nov 2021)

Paschal Donohoe: ..., the deemed disposal provisions upon cessation of REIT status were restricted to REITs that have been in operation for at least 15 years, in line with the regime's stated objective of encouraging long-term, stable investment in rental property. In relation to IREFs, amendments were made in Finance Act 2019 to prevent the use of excessive debt and other payments to reduce distributable...

Written Answers — Department of Finance: Vacant Properties (9 Nov 2021)

Paschal Donohoe: ...for rent or purchase to meet demand rather than increasing tax revenues. However, before introducing such a tax it is important to have a sound understanding of the quantity, locations and characteristics of long term vacant properties, and the reasons why they are vacant. The recently enacted Finance (Local Property Tax) (Amendment) Act 2021 includes, at Section 39A, a requirement...

Written Answers — Department of Finance: Eurozone Issues (9 Nov 2021)

Paschal Donohoe: ..., both virtual and - now that health restrictions are lifting - physical where possible. The first priority of the Eurogroup is to agree on economic and fiscal policies to support the recovery and long-term growth, as laid out in the unanimously agreed Work Programme of the Eurogroup [available here:www.consilium.europa.eu/media/49739/eg-20210521-eg-work -programme.pdf]. We regularly take...

Written Answers — Department of Finance: Mortgage Interest Rates (9 Nov 2021)

Paschal Donohoe: ...in the Irish banking market compared to other jurisdictions (however, it is noted that non-bank lenders are now playing a greater role in the provision of new mortgage credit and are offering long term fixed rate mortgages at competitive interest rates). The Central Bank has a range of measures to protect consumers who are taking out a mortgage. The consumer protection framework...

Written Answers — Department of Finance: Brexit Issues (9 Nov 2021)

Paschal Donohoe: ...(TCA). Under this Free Trade Agreement scenario, the research found that the level of GDP would be around 2 per cent lower over the medium-term (i.e. 5 years) and around 3 per cent lower over the long-term (i.e. 10 years), compared to a situation where the UK remained in the EU. In light of the COVID-19 pandemic additional analysis was also jointly undertaken with the ESRI in 2020....

Written Answers — Department of Finance: Tax Code (9 Nov 2021)

Paschal Donohoe: ...respect to the future international tax framework. It is a sensible and pragmatic decision made by Government in Ireland’s interests and ultimately a decision which will provide the conditions to provide long term certainty for business and investors to the benefit of the many thousands of employees across Ireland. In making a recommendation to Government that Ireland will...

Ceisteanna ó Cheannairí - Leaders' Questions (4 Nov 2021)

Paschal Donohoe: ..., teachers and pupils to stay as safe as possible at this time of additional risk. I will conclude with the point that this appears to be quite a shift in position from the Social Democrats. Not so long ago I remember the Social Democrats being the lead advocates for a zero Covid approach. The party is now in a very different place. I acknowledge that shift in position and it is...

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: ...it plays. There are 180,000 jobs created in our country through foreign direct investment. If the Deputy is against that kind of investment, where will he get those jobs from? This has been a long-standing topic of debate between the Deputy and me over many years. He is correct that companies have grown and become more profitable during the pandemic. That is one reason we need to...

Finance Bill 2021: Second Stage (3 Nov 2021)

Paschal Donohoe: ...February, a two-rate structure of €151.50 and €203 will apply. For the last two months of the scheme, March and April, a flat-rate subsidy of €100 will be put in place and the reduced rate of employer's PRSI will no longer apply. The scheme will close to new employers from 1 January 2022. The pandemic has obviously resulted in changes to how we work. Remote...

Written Answers — Department of Finance: Greenhouse Gas Emissions (2 Nov 2021)

Paschal Donohoe: ...of the Climate Action Plan will be facilitated within the overall expenditure ceilings set out in the Summer Economic Statement and re-iterated at Budget 2022. The ceilings tie expenditure growth to the long-term growth rate of the economy. Stable public finances are essential in allowing us to make the significant large scale investments in climate mitigation and adaption outlined in the...

Written Answers — Department of Finance: National Asset Management Agency (2 Nov 2021)

Paschal Donohoe: ...by private developers (c) Planning permission granted but will be sold or refinanced by debtors 2,000 units (d) Planning applications lodged and under consideration by the planning authorities 800 units Long term (post-2025) (e) Planning applications being prepared 3,200 units (f) Longer term potential...

Written Answers — Department of Finance: Tax Code (2 Nov 2021)

Paschal Donohoe: ...the goods are dispatched. National rates of excise duty apply to alcohol and tobacco products being brought into Ireland for consumption here. Value-Added Tax (VAT) is generally payable on excisable products. There is a long-standing, common EU administrative regime governing the movement of excisable products, such as alcohol, between Member States and their tax treatment on arrival...

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (21 Oct 2021)

Paschal Donohoe: ...criteria has precluded public investment or required public services or infrastructure to be delivered off balance sheet with the additional costs associated with such short-term expenditure versus long-term investment. It is important to recognise the EU fiscal rules do not limit the level of Government expenditure, nor do they require infrastructure to be delivered off balance sheet....

Written Answers — Department of Finance: Public Sector Pay (21 Oct 2021)

Paschal Donohoe: ...process, were instead awarded an Annual Personal to Holder Payment (APTH), an allowance paid on a personal-to-holder basis, in addition to the existing salary point on an incremental scale, for as long as the person remains in that grade. Revenue staff who are still in receipt of an APTH are those who met the criteria above and who currently serve in the same grade in which they served on...

Written Answers — Department of Finance: Insurance Coverage (19 Oct 2021)

Paschal Donohoe: ...to understand the level of risk involved on a case-by-case basis.  Insurance Ireland also advised that any rating that may be applied due to a past cancer diagnosis is usually time-bound, and generally speaking, would no longer apply after ten years, subject to there being no relapse or further medical complications.  However, it did state that for certain types of cancer, this...

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Second Stage (14 Oct 2021)

Paschal Donohoe: ...strength of the euro area. Very simply, the euro area is that group of 19 countries with whom we share a currency. Anything that can strengthen the resilience and the strength of the euro in the long run is to the benefit of Ireland because we are a small country and because we are such an open economy inside the euro area. I shall deal with some of the particular questions that have...

Financial Resolutions 2021 - Budget Statement 2022 (12 Oct 2021)

Paschal Donohoe: ...allowance, ACA, scheme for energy efficient equipment. In accordance with wider Government policy to reduce reliance on fossil fuels, I am providing that equipment directly operated by fossil fuels will no longer qualify. The scheme seeks to support the transition to lower-emission fuels in the heavy-duty land transport sector. Therefore, I am extending the ACA scheme for gas vehicles...

Written Answers — Department of Finance: Tax Code (12 Oct 2021)

Paschal Donohoe: ...mechanisms for resolving defects and, to consider financing options in line with the Programme for Government commitment to identifying options for those impacted by defects to access low-cost, long-term finance. Separately, my Department's Tax Expenditure Guidelines are clear that a tax-based intervention should only be considered where it would be more efficient than a direct...

Written Answers — Department of Finance: Banking Sector (12 Oct 2021)

Paschal Donohoe: ...all aspects of the consumer protection code. As a regulated entity, AIB engages fully with the Central Bank of Ireland in this regard and keeps the Department of Finance informed in line with the long established Relationship Framework. Bank of Ireland The Bank adheres to the General Principles and Requirements of the Consumer Protection Code when arriving at the decisions set out in these...