Results 6,621-6,640 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (30 Nov 2021)

Paschal Donohoe: I am advised by Revenue that, where the relevant conditions are met, the following tax-based measures may be available for persons who purchase a residential or a commercial property: Help to Buy Scheme Help-to-Buy (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. This measure gives a refund of Income Tax and Deposit...

Written Answers — Department of Finance: Tax Reliefs (30 Nov 2021)

Paschal Donohoe: The main purpose of a pension fund is to provide a secure income in retirement for the pension beneficiary. The purpose of providing tax relief for pension contributions is to encourage saving - by employers, employees and the self-employed - towards retirement income. Any early drawdowns from a pension fund, for any purpose, would reduce the pension savings from which individuals could...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 198, 203 and 208 together. 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. In money terms, the overall support provided to-date (25th November)...

Written Answers — Department of Finance: Tax Data (30 Nov 2021)

Paschal Donohoe: It is assumed the Deputy is enquiring about a Stamp Duty rate of 4% on the value of residential properties in excess of €800,000, where properties are valued above this amount (currently a 2% rate applies on values over €1m). I am advised by Revenue that, based on transactions levels and values in recent years, the additional yield per annum from the proposed increase is...

Written Answers — Department of Finance: Insurance Industry (30 Nov 2021)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept. This position is...

Written Answers — Department of Finance: Tax Code (30 Nov 2021)

Paschal Donohoe: I assume the Deputy is referring to the Local Property Tax (LPT) late filing surcharge that is provided for by section 38 of the Finance (Local Property Tax) Act 2012 (as amended). Section 38 makes provision for a surcharge to be applied where a person files their annual self-assessed tax return (whether it is in respect of income tax, corporation tax or capital gains tax) on or before the...

Written Answers — Department of Finance: Tax Code (30 Nov 2021)

Paschal Donohoe: I am advised by Revenue that electronic Customs import declarations are now required for all parcels / packages coming from non-EU countries including those coming through the postal system regardless of the value of the goods being sent. Since 1 July 2021, all goods imported to the Union, regardless of their value, are liable to VAT. In addition, all goods valued at €150 or more may...

Written Answers — Department of Finance: Insurance Industry (30 Nov 2021)

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 purely commercial matter. This position is reinforced by the EU legislative framework for insurance (the Solvency II Directive). Having said that, the Government is acutely aware of the concerns felt by many sectors,...

Written Answers — Department of Finance: Insurance Industry (30 Nov 2021)

Paschal Donohoe: I note that the company referred to by the Deputy is an independent entity which is subject to the same rules as all other insurers in the Irish market, including the Solvency II Directive. While I share the Deputy’s concerns and understand the issues facing many community groups across the country regarding the cost and availability of insurance, he will appreciate that, as...

Written Answers — Department of Finance: Insurance Industry (30 Nov 2021)

Paschal Donohoe: I note that the details supplied by the Deputy refers to a specific company. While I understand the concerns felt by many groups, including the one highlighted by the Deputy, around the cost and availability of insurance cover, he will appreciate that, as Minister for Finance, I am not in a position to comment on an individual commercial entity. Likewise, neither I, nor the Central Bank...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (25 Nov 2021)

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. While the criteria for eligibility for business in general is based...

Written Answers — Department of Finance: Primary Medical Certificates (25 Nov 2021)

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: Housing Schemes (25 Nov 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with a deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act (TCA) 1997 outlines the definitions...