Results 5,681-5,700 of 32,433 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Financial Services (3 Mar 2022)

Paschal Donohoe: I understand the Deputy's question refers to Russian State influence and to Irish Banks.  The Deputy will be aware that the EU has published details of further sanctions in response to the crisis in Ukraine (see www.consilium.europa.eu/en/policies/sanctions/rest rictive-measures-ukraine-crisis/). I am advised by the Central Bank of Ireland that the Bank has a dedicated...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (3 Mar 2022)

Paschal Donohoe: Please see below schedule of legal fees incurred by the Minister for Finance in respect of the liquidation of IBRC: Date Amount 2012 € 724,878.64 2013 € 417,760.88 2014 €  23,829.59 2020 € 151,737.63 Total ...

Written Answers — Department of Finance: Insurance Coverage (3 Mar 2022)

Paschal Donohoe: I note that the question refers to research conducted on behalf of the Irish Cancer Society in relation to the experience of people affected by cancer when accessing financial products and services. I am aware of this research, and the issue of access to financial services for this particular group. It is important to note that neither I, nor the Central Bank of Ireland, can intervene in the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Mar 2022)

Paschal Donohoe: The Employee Wage Subsidy Scheme (EWSS) is operated on a self-assessment basis with the onus on applicants to satisfy themselves that they fully meet the eligibility criteria for the scheme as set down in the legislation and to self-declare to Revenue that they correctly qualify. The eligibility conditions for the scheme, requires that a business has tax clearance and that a minimum 30%...

Written Answers — Department of Finance: Land Issues (2 Mar 2022)

Paschal Donohoe: As the Deputy may be aware, NAMA does not typically own or control properties; rather NAMA owns loans for which the properties act as security. The properties securing NAMA’s loans are owned and controlled by their registered owners, or appointed receivers in the case of enforcement. The Deputy will appreciate that, under Sections 99 and 202 the NAMA Act and in line with normal...

Written Answers — Department of Finance: Land Issues (2 Mar 2022)

Paschal Donohoe: I wish to inform the Deputy that the management of State Property is a matter for the Office of Public Works (OPW). The OPW are under the aegis of the Department of Public Expenditure and Reform (DPER). As such, I suggest that queries on the use and management of any such land be directed to that Department who are better placed to respond regarding such queries.   In the interest of...

Written Answers — Department of Finance: Land Issues (2 Mar 2022)

Paschal Donohoe: I wish to inform the Deputy that the management of State Property is a matter for the Office of Public Works (OPW). The OPW are under the aegis of the Department of Public Expenditure and Reform (DPER). As such, I suggest that queries on the use and management of any such land be directed to that Department who are better placed to respond regarding such queries.   In the interest of...

Written Answers — Department of Finance: Credit Unions (2 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 88 and 89 together. This Government recognises the importance of credit unions. The Programme for Government contains commitments to; - Review the policy framework within which Credit Unions operate. - Enable and support the Credit Union movement to grow. - Support Credit Unions in the expansion of services, to encourage community development. Credit unions...

Written Answers — Department of Finance: Credit Unions (2 Mar 2022)

Paschal Donohoe: The Programme for Government includes a number of commitments in relation to the credit union sector.  The Review of Policy Framework is in its final stages with a summary list of proposals having recently been shared with all the credit union representative bodies. A final stakeholder engagement session has been scheduled for early March. Legislative proposals arising will go to...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Mar 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 (24 February) by EWSS...

Written Answers — Department of Finance: Tax Code (1 Mar 2022)

Paschal Donohoe: In line with the Programme for Government policy approach to Carbon Tax, Finance Act 2020 legislated for a series of annual increments in the carbon tax rate leading to a rate of €100 per tonne of tonne of CO2 emitted in 2030.The rate of €41 per tonne applied to auto fuels from October 2021 but I delayed the increased on home heating fuels until 1stMay 2022 to allow for the...

Written Answers — Department of Finance: Electric Vehicles (1 Mar 2022)

Paschal Donohoe: The Government is committed to incentivising electric vehicles (EVs) as has been reflected in the wide suite of measures which have facilitated an exponential growth in EV registrations over the past number of years. The Programme for Government 2020 outlined a commitment to an average 7% per annum reduction in overall greenhouse gas emissions from 2021 to 2030 (a 51% reduction over the...

Written Answers — Department of Finance: Tax Code (1 Mar 2022)

Paschal Donohoe: The EU ETS operates in all EU countries plus Iceland, Liechtenstein and Norway (EEA-EFTA states) and covers approximately 10,000 installations in the power sector and manufacturing industry, as well as airlines operating between these countries.  The EU ETS works on the 'cap and trade' principle. A cap is set on the total amount of certain greenhouse gases that can be emitted by the...

Written Answers — Department of Finance: Naval Service (1 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 242, 243 and 244 together. I am advised by Revenue that the role of its Maritime Unit, which has a national remit, is to patrol and monitor internal waters, territorial seas and adjacent waters. These patrol and monitoring activities are aimed at the prevention, detection, interception and seizure of illegal importations and exportations of prohibited and...

Written Answers — Department of Finance: Credit Unions (1 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 245 and 248 together. This Government recognises the importance of credit unions. The Programme for Government contains commitments to; - Review the policy framework within which Credit Unions operate. - Enable and support the Credit Union movement to grow. - Support Credit Unions in the expansion of services, to encourage community development. Credit...

Written Answers — Department of Finance: Banking Sector (1 Mar 2022)

Paschal Donohoe: As the Deputy may be aware, during 2021, I announced that the State would commence selling its shareholding in AIB and Bank of Ireland through separate pre-arranged trading plans. Updates on the shareholdings in AIB and Bank of Ireland are disclosed to the market each time the shareholding falls through a percentage point threshold as is required by the Stock Exchange and investment...

Written Answers — Department of Finance: Trade Sanctions (1 Mar 2022)

Paschal Donohoe: Revenue, as Ireland’s Tax and Customs administration, is responsible for managing the importation and exportation of goods in accordance with the EU Union Customs Code and relevant national legislation. I am advised by Revenue that both Palestine and Israel have Free Trade Agreements with the EU. As a result, there are no prohibitions on goods coming from either jurisdiction into...

Written Answers — Department of Finance: Tax Code (1 Mar 2022)

Paschal Donohoe: As the Deputy may recall, I previously asked my Department to undertake a comprehensive study of all aspects of the 9% VAT rate ahead of Budget 2019. The “Review of the 9% VAT rate: Analysis of Economic and Sectoral Developments” was published by my Department in July 2018, in order to better inform any decision in relation to the 9% reduced rate going forward. In addition...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Mar 2022)

Paschal Donohoe: Section 485 of the Taxes Consolidation Act 1997, as inserted by Section 11 of the Finance Act 2020, requires Revenue to publish the list of Covid Restrictions Support Scheme (CRSS) recipients at the end of the scheme. I am advised by Revenue that it is currently finalising the wind-down process of the scheme, which was extended to 31 January 2022 to provide additional support to the...

Written Answers — Department of Finance: Insurance Industry (1 Mar 2022)

Paschal Donohoe: I propose to take Questions Nos. 251 and 266 together. I am aware that the affordability of public liability insurance is an issue for certain sectors, including for those involved in performance and the arts. As the Deputy will be aware, 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...