Results 6,141-6,160 of 32,433 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Trade Data (19 Jan 2022)

Paschal Donohoe: I am informed by the Sustainable Energy Authority of Ireland that the level of imports for the fuels concerned is as set out in the table below.  Please note that 2021 figures are provisional. Fuel type Market flow Products Units 2019 2020 Jan-Nov 2021 Oil Products Imported Road Diesel kilolitres...

Written Answers — Department of Finance: Tax Data (19 Jan 2022)

Paschal Donohoe: As part of the Budget each year, data on the average effective tax rates for a range of earnings are published and can be located in the Tax Policy Changes document at the following link -www.gov.ie/en/publication/7e491-taxation-measures/. My Department has prepared Table 1 below which sets out the effective tax rates for a single individual taxpayer (Class A – Full PRSI), for the...

Written Answers — Department of Finance: Insurance Coverage (19 Jan 2022)

Paschal Donohoe: At the outset, it is important to point out that neither I, nor the Central Bank, can intervene in the provision or pricing of insurance products, which is ultimately a commercial matter for each provider. This position is reinforced by EU legislation, specifically the Solvency II Directive. However, this point notwithstanding, the Government is committed to reforming the Irish insurance...

Written Answers — Department of Finance: Departmental Schemes (19 Jan 2022)

Paschal Donohoe: The Department of Finance does not provide any grants for the purchase of a vehicle but instead administers the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme which provides relief from VAT and VRT (up to a certain limit) set against the purchase and use of an adapted car, and for transport of a person with specific severe and permanent physical disabilities. The...

Written Answers — Department of Finance: Banking Sector (19 Jan 2022)

Paschal Donohoe: As the Deputy may be aware, as Minister for Finance, I have no role in the commercial decisions made by any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard, including the specific servicing arrangements for a loan book, are the sole responsibility of the board and management of the banks which must be run on an independent and...

Written Answers — Department of Finance: Greyhound Industry (19 Jan 2022)

Paschal Donohoe: There is no specific income tax relief available for the sale of greyhounds for racing.  However, I am advised by Revenue that an individual’s ownership and racing of greyhounds is generally considered a “hobby” or a “recreational activity” and therefore outside the scope of the income tax system. Where a greyhound maintained as part of a hobby...

Written Answers — Department of Finance: Primary Medical Certificates (19 Jan 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme 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: Covid-19 Pandemic Supports (19 Jan 2022)

Paschal Donohoe: As the Deputy may be aware, Revenue has published, since the onset of the pandemic, regular statistical updates on the COVID-19 support schemes that it administers. These statistics are available at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/number-of-taxpayers-and-returns/covid-19-support-scheme s-statistics.aspx.   It should be noted that updates are provided...

Written Answers — Department of Finance: Tax Code (19 Jan 2022)

Paschal Donohoe: I propose to take Questions Nos. 311, 344 and 345 together. Where a person is in receipt of the State pension from the Department of Social Protection (DSP) and has an additional source of income such as an occupational pension, the mechanism used to tax payments from the DSP, is by reducing the person’s annual tax credits and rate band by the annual amount of their DSP...

Written Answers — Department of Finance: Tax Exemptions (19 Jan 2022)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply.  In general, the EU VAT Directive provides that supplies of goods and services are chargeable to VAT at the standard rate. I am advised by Revenue that, in general, the supply of rights to a phone mast by a VAT-taxable person is a taxable event and subject to the standard rate of...

Written Answers — Department of Finance: Banking Sector (19 Jan 2022)

Paschal Donohoe: Many retail banks do have dedicated phone lines and priority services which were established to assist older and more vulnerable customers during the COVID-19 crisis.  While the creation of dedicated phone lines/desks in branches remains a commercial decision for each regulated entity, both the Central Bank and I expect all regulated firms to take a consumer-focused approach and to...

Written Answers — Department of Finance: Tax Code (19 Jan 2022)

Paschal Donohoe: I propose to take Questions Nos. 314 and 319 together. I am advised by Revenue that the provisions for the relief of Customs Duty and VAT for gifts sent from one private individual in a non-EU country to another private individual in Ireland are set out in European legislation. Under EU legislation, the relief of Customs Duty and VAT for gifts applies where the Customs Value of the gift sent...

Written Answers — Department of Finance: Departmental Communications (19 Jan 2022)

Paschal Donohoe: I have not received any communications from the named individual or the named organisation.

Written Answers — Department of Finance: Tax Exemptions (19 Jan 2022)

Paschal Donohoe: It is not the role of either my Department or Revenue to review the published list of tax-exempt charitable organisations to improve the representation from a particular sector.  It is up to individual bodies to apply to the Charities Regulator (CRA) for charitable status.  The CRA is responsible for maintaining the public register of charitable organisations and determining...

Written Answers — Department of Finance: Tax Reliefs (19 Jan 2022)

Paschal Donohoe: There are no restrictions on an individual making a donation to an organisation that has tax exempt status in another country.  However, I am advised by Revenue that the only organisations established outside the State which will receive tax relief from Revenue on such donations under the Charitable Donation Scheme are bodies, established in a European Economic Area (EEA) state, a...

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

Paschal Donohoe: I propose to take Questions Nos. 320 and 322 together. Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS) which is an economy-wide enterprise support for eligible businesses in respect of eligible employees. As the Deputy will be aware, eligibility to EWSS is based on the employer demonstrating that...

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

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which closed on 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020, provided financial support to approximately 67,500 employers in respect of 689,000 employees. The total cost of the scheme was c.  €2.9 billion. As part of the administration of the TWSS, Revenue carried out a programme...

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

Paschal Donohoe: I propose to take Questions Nos. 323 and 324 together. 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...

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

Paschal Donohoe: I propose to take Questions Nos. 325, 352, 354, 356 and 359 together. 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...

Written Answers — Department of Finance: Financial Services (19 Jan 2022)

Paschal Donohoe: The Central Bank of Ireland is designated as the supervisory authority with respect to the Investment Intermediaries Act 1995 ('the IIA'). Section 39(1) of the IIA sets out that any person proposing to make an "acquiring transaction" (as defined in section 38(2) of the IIA) of an authorised investment business firm shall notify the supervisory authority in writing of the proposal and...