Results 3,961-3,980 of 33,118 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: The Deputy referred to the importance of good faith in answering the question. He put his question to me in good faith as well. I am conscious that every financial crisis is different. Many banking crises can be different from those that have gone before. Can I, therefore, guarantee to the Deputy or give him an assurance that our country may never face a huge financial difficulty again in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 9: In page 27, to delete line 34 and substitute the following: “(i) in subsection (9)— (i) by the insertion of “or holding company” after “provider”, and (ii) by the substitution of “as to why the suspension notice should not be confirmed” for “in relation to the fitness and probity of the suspended...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: The difference is that prohibition notices cannot be dealt with by the IFSAT.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 16: In page 39, line 3, to delete “ “(1A) For” and substitute “(1B) For”.

Written Answers — Department of Finance: Climate Change Policy (29 Nov 2022)

Paschal Donohoe: On 14 July 2021, the European Commission published a proposal for a new Carbon Border Adjustment Mechanism (CBAM) which will put a carbon price on imports of a targeted selection of products so that ambitious climate action in Europe does not lead to ‘carbon leakage’. This will ensure that EU emission reductions contribute to a global emissions decline, instead of pushing...

Written Answers — Department of Finance: EU Regulations (29 Nov 2022)

Paschal Donohoe: On 1 August 2014, the Single European Payment Area (SEPA) Regulation came into effect for all payment service providers (PSPs) and payment service users (PSUs) in the EU. Under the SEPA Regulation, it is illegal for PSPs and PSUs to refuse to accept any SEPA International Bank Account Number (IBAN) when making or receiving payments. The legislation governing these matters is contained...

Written Answers — Department of Finance: Insurance Industry (29 Nov 2022)

Paschal Donohoe: From the details supplied, I understand that the Deputy is referring to Zurich Insurance. It was reported that Zurich Insurance group plans to shift its European Economic Area (EEA) insurance company, Zurich Insurance plc (ZIP), to Germany from Ireland following Britain's departure from the European Union. This move, I understand, will not happen before 2024. It was also announced that...

Written Answers — Department of Finance: Tax Code (29 Nov 2022)

Paschal Donohoe: I am advised by Revenue that VAT returns do not require traders to separately identify the VAT yield from the supply of specific products or services. Therefore, Revenue does not have exact data from which to estimate the cost of this measure. However, a tentative estimate using third-party data sources is provided below for gas and electricity. The Deputy may wish to note that electricity...

Written Answers — Department of Finance: Tax Code (29 Nov 2022)

Paschal Donohoe: The Finance (Local Property Tax) Act 2012 (LPT Act) as amended does not make specific provision for an exemption, reduction or deferral from Local Property Tax (LPT) for property owners with long-term illness. The Government decided upon the introduction of the Local Property Tax (LPT) that a liability to the tax should apply to all owners of residential properties with a limited number of...

Written Answers — Department of Finance: Business Supports (29 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 229, 230, 235 and 237 together. Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Bill 2022. The scheme will provide support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 28 February 2023 and will be available to tax compliant businesses carrying on a trade or...

Written Answers — Department of Finance: Tax Code (29 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 231 and 232 together. As outlined in my responses over recent weeks to various questions about biofuels and Hydrogenated/Hydrotreated Vegetable Oil (HVO), the State’s legislation on the taxation of fuels - as governed by Council Directive 2003/96/EC of 27 October 2003, commonly known as the Energy Tax Directive (ETD) - relieves or excludes biofuels...

Written Answers — Department of Finance: Departmental Staff (29 Nov 2022)

Paschal Donohoe: My Department lists the names and email addresses of two Access Officers in Section 4 - How to Contact Us, of the Department’s Customer Action Plan and Charter. The Charter and Plan are available via the Quality Customer Service link on the Department’s website. My Department has two Access Officers, one to facilitate access to information and the other to facilitate access to...

Written Answers — Department of Finance: Departmental Policies (29 Nov 2022)

Paschal Donohoe: The VAT rate applying to magazines will remain at 9%, the second reduced rate of VAT. This rate of 9% is not scheduled to revert to 13.5%. In addition the Government has made a range of supports available to business such as the Temporary Business Energy Support Scheme.

Written Answers — Department of Finance: National Treasury Management Agency (29 Nov 2022)

Paschal Donohoe: The Central Bank of Ireland has confirmed to me that it has no exposure to, or investments in, crypto-assets. Crypto-assets are not an approved asset class under the Central Bank’s investment framework. The Central Bank has an extensive financial risk management framework and robust governance structures in place for the approval of new asset classes. Strong internal controls ensure...

Written Answers — Department of Finance: Banking Sector (29 Nov 2022)

Paschal Donohoe: The Central Bank of Ireland engages in a comprehensive program of cyber security awareness activities. For operational and security reasons, however, the Bank has been advised by the National Cyber Security Centre not to disclose details of systems and processes which could in any way compromise those efforts. Therefore, it is not considered appropriate to disclose particular arrangements or...

Written Answers — Department of Finance: Credit Unions (29 Nov 2022)

Paschal Donohoe: Credit unions can and do provide a wide range of financial services to communities across the country and are widening their product range over time. By way of example credit unions have rapidly increased their share of the new current account openings in recent months. The Programme for Government contained commitments to: - Review the policy framework within which credit unions operate; -...

Written Answers — Department of Finance: Ministerial Staff (29 Nov 2022)

Paschal Donohoe: I wish to inform the Deputy that my Department does not hold a record of the current employment status of Civilian drivers formerly employed by the Department who were replaced by an official Garda driver. No VER payments were issued to these drivers, and the Department is not aware of any case being presented to the WRC on foot of these changes.

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (24 Nov 2022)

Paschal Donohoe: I will take that matter, if I may. The Revenue Commissioners are responsible for the roll-out of the scheme, and I am working closely with the Tánaiste's Department on the design of the scheme. We hope we will very shortly be in a position to announce that the scheme is open. It is not possible for oil to be included in the scheme because we depend so much on the metering mechanisms...

Written Answers — Department of Finance: Departmental Schemes (24 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 170 and 172 together. The Disabled Drivers and Disabled Passengers Scheme provides relief from Vehicle Registration Tax and VAT on 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...

Written Answers — Department of Finance: Tax Code (24 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 171 and 173 together. For clarity, I did not make any changes in Budget 2023 to existing benefit-in-kind (BIK) provisions that would negatively impact on the application of benefit-in-kind for workers. Rather, I amended two specific measures to further enhance the BIK treatment applicable to employees. Firstly, the relief provided for in section 112B...