Results 6,281-6,300 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Social Media (19 Jan 2022)

Paschal Donohoe: Expenditure on social media by my Department in 2021 is set out in the following table: Social Media Platform Amount (exclusive of VAT) LinkedIn €3,813 Twitter €629 Details of the bodies under the aegis of my Department which incurred expenditure on social media in 2021 are in the table below. ...

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

Paschal Donohoe: I can advise the Deputy that the amount my Department spent in respect of consultancy services in 2021 is provided in tabular form below. Supplier Ammount Description Behaviour & Attitudes €68,880.00 SME Credit Demand Survey Conan McKenna €6,650.00 Review of Domestic...

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

Paschal Donohoe: I am aware of the issue around certain insurers seeking to deduct the value of particular Government supports from claims payouts linked to the COVID-19 pandemic. At the outset, it is important to note that such deductions may arise in accordance with the principle of indemnity, under which an insured party who has suffered a loss is restored, in so far as possible, to the same...

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

Paschal Donohoe: I am advised by Revenue that the amounts collected in respect of Carbon Tax in 2020 and 2021 are €493.6 million and €651.7 million respectively. The 2021 collection is provisional at this time and may be revised. Carbon Tax receipts for 2020 and prior years, including breakdowns by commodity, are published on the Revenue website  :...

Written Answers — Department of Finance: Currency Circulation (19 Jan 2022)

Paschal Donohoe: In accordance with Article 128 of the Treaty on the Functioning of the European Union and with Council Regulation no 974/98 of 3 May 1998 on the introduction of the euro, euro notes and coins have the status of legal tender in euro area Member States, including Ireland. Retail transactions are governed by contract law in Ireland and in the context of this, where a business places no...

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

Paschal Donohoe: I refer to your question in relation to contracts for the provision of client, customer facing and orientated services. My Department has one such contract with the National Council for the Blind of Ireland (NCBI). The contract is for the provision of telephony services to both the Department of Finance and the Department of Public Expenditure and Reform. The total vat exclusive amount paid...

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

Paschal Donohoe: Since the COVID-19 situation first arose, I have maintained contact with the BPFI and banks on the measures they have put in place to assist their customers who are economically impacted by the pandemic.  In relation to the particular issue of new mortgage lending, the main retail banks previously confirmed that...

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

Paschal Donohoe: The VAT treatment of the supply of goods and services is subject to the requirements of the EU VAT Directive, with which Irish VAT law must comply. Exemptions from VAT for certain activities in the public interest are set out in Chapter 2 of Title IX of the Directive. These provisions are transposed into Irish legislation in Part 1, Schedule 1, VAT Consolidation Act 2010. Paragraph 2(5) of...

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

Paschal Donohoe: Alcoholic beverages such as beer and wine are subject to an excise duty in the form of Alcohol Products Tax (APT) and are also subject to Value-Added Tax (VAT). Council Directive 92/83/EEC lays down a harmonised approach for the application of excise duties to alcohol and alcoholic beverages in the EU. It includes provisions defining categories of alcohol and alcoholic beverages and sets...

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

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from Vehicle Registration Tax 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 as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief,...

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

Paschal Donohoe: My Department has yet to commence the review mentioned by the Deputy.However, I can confirm that the project forms part of the Department's 2022 work programme.  The Report of the Working Group on the Tax and Fiscal Treatment of Accommodation Providers was published on Budget Day, 10 October 2017. The report put forward options for further consideration, rather than recommendations, and...

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

Paschal Donohoe: Following engagement with the Deputy’s Office, I am advised that the Deputy’s Question specifically relates to PAYE taxpayers. On that basis, it should be noted that PAYE taxpayers can claim a range of additional tax credits and reliefs in respect of various expenses incurred during a tax year.  The most common of which are health expenses, nursing home fees, tuition...

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

Paschal Donohoe: The Programme for Government includes a commitment to facilitate and support remote working. The National Remote Work Strategy aims to make remote work a permanent feature of the Irish working experience in a way that maximises the economic, social and environmental benefits. As part of the national remote working strategy: Making Remote Work, the Tax Strategy Group (TSG) reviewed the...

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

Paschal Donohoe: The Deputy will be aware that section 604A of the Taxes Consolidation Act, 1997 provides for relief from Capital Gains Tax (CGT) on the disposal of certain investment property purchased between 7 December 2011 and 31 December 2014, where that property is held for  7 years. The gain attributed to that 7-year period will not attract CGT. However, where the property is held for more than 7...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (19 Jan 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.   The eligibility criteria for Employment Wage Subsidy...

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

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, have any influence over the pricing or provision of insurance products, as this is a commercial matter assessed on a case-by-case basis. This position is reinforced by the EU legislative framework for insurance (the Solvency II Directive). Consequently, I am not in a position to direct...

Written Answers — Department of Finance: Mortgage Interest Rates (19 Jan 2022)

Paschal Donohoe: I am aware that the general level of new lending interest rates in Ireland are higher than is the case in many other European countries. However, the price lenders charge for their loans is a commercial matter for individual lenders.  As Minister for Finance I cannot determine the lending policies of individual banks including the interest rates they charge for loans including...

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

Paschal Donohoe: On 23rdNovember last, I announced the Terms of Reference for the Retail Banking Review. On the same date, I wrote to the Chair of the Committee on Finance, Public Expenditure and Reform, and Taoiseach, Mr. John McGuinness T.D., informing him of the review and its Term of Reference and inviting any contributions the Committee or Members may wish to make at any time throughout the course...

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

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide scheme that operates across all sectors for eligible businesses in respect of eligible employees. The objective of the 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. In...