Results 6,101-6,120 of 32,547 for speaker:Paschal Donohoe
- Written Answers — Department of Finance: Banking Sector (8 Feb 2022)
Paschal Donohoe: In October 2021, Ulster Bank outlined its intended process to support customers closing their accounts as the bank exits the Irish market. Initially customers will receive written notice outlining their closure date and how Ulster Bank can support them to 'Choose, Move & Close' their accounts. Further contact will be made with vulnerable customers and those with complex needs. Ulster...
- Written Answers — Department of Finance: Covid-19 Pandemic Supports (8 Feb 2022)
Paschal Donohoe: The Covid Restrictions Support Scheme (CRSS) was introduced by Section 11 of the Finance Act 2020. The scheme is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the COVID-19 pandemic. The scheme is available to companies, self-employed individuals and partnerships who carry on...
- Written Answers — Department of Finance: Fuel Prices (8 Feb 2022)
Paschal Donohoe: The Disabled Drivers and Disabled Passengers Fuel Grant is regulated by S.I. 635/2015 and provides for payment of a fuel grant based on a the value of excise chargeable per litre rate of fuel. The grant is based on the excise component of the fuel, not the market price. The current value is €0.636 for petrol, €0.535 for diesel and €0.118 for liquefied petroleum gas (LPG)...
- Written Answers — Department of Finance: Departmental Contracts (8 Feb 2022)
Paschal Donohoe: My Department did not incur any expenditure on Covid-19 consultancy contracts in 2020, 2021 and to date in 2022. The bodies under the aegis of my Department are the Central Bank of Ireland, the Credit Review Office, the Credit Union Advisory Board, the Credit Union Restructuring Board, the Disabled Drivers Medical Board of Appeal, the Financial Services and Pensions Ombudsman, Home Building...
- Written Answers — Department of Finance: Tax Credits (8 Feb 2022)
Paschal Donohoe: As the Deputy may be aware, the Minister for Housing, Local Government and Heritage, has established an Independent Working Group to examine the issue of defective housing. Officials from my Department participate in this Working Group. The objectives of the group are to identify the scope of relevant significant defects in housing, to evaluate the scale of housing affected, to propose a...
- Written Answers — Department of Finance: Foreign Policy (8 Feb 2022)
Paschal Donohoe: Negotiations have concluded on a Double Taxation Agreement (DTA) between Ireland and the Sultanate of Oman. The next step in the ratification process from an Irish perspective is to seek Government permission to sign the DTA. As DTAs are international agreements they also require the approval of the Oireachtas prior to the agreement having force in law. Following signature and, subject to...
- Written Answers — Department of Finance: State Bodies (8 Feb 2022)
Paschal Donohoe: I propose to take Questions Nos. 247 and 248 together. 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...
- Written Answers — Department of Finance: Banking Sector (8 Feb 2022)
Paschal Donohoe: The authorisation and supervision of financial service firms such as electronic money institutions is the responsibility of the Central Bank of Ireland, as competent authority of such entities. 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...
- Written Answers — Department of Finance: Banking Sector (8 Feb 2022)
Paschal Donohoe: Ireland transposed the fifth Anti-Money Laundering Directive into Irish law by way of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021, and the provisions of the 2021 Act that relate to Virtual Asset Service Providers commenced on 23 April 2021. In relation to the Deputy’s question, it is important to note that Virtual Asset Service Providers, or...
- Written Answers — Department of Finance: Official Engagements (8 Feb 2022)
Paschal Donohoe: I last spoke with my Australian counterpart, the then Minister for Finance Mathias Cormann, in July 2020. That engagement provided an opportunity to take stock of global developments, including the economic impact of the Covid-19 pandemic. The opportunity to speak formally with his successor, Minister Simon Birmingham, has not yet presented itself, but I look forward to engaging with him...
- 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 ...