Results 6,841-6,860 of 33,118 for speaker:Paschal Donohoe

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  The TWSS has been replaced by the Employment Wage Subsidy Scheme (EWSS) which is provided for in section 28B of the Emergency Measures in the Public...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...

Written Answers — Department of Finance: Housing Schemes (19 Jan 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 Ireland over the previous four years, subject to limits outlined in the legislation.  Section 477C of the Taxes Consolidation Act outlines the...

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

Paschal Donohoe: I am advised by Revenue that the available information in relation to the yield from Stamp Duty on bank and credit cards for the years 2010 to 2020 is published on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/receipts/st amp-duty-receipts.pdf. This information will be updated over coming months to reflect 2021 data once available.

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

Paschal Donohoe: Ireland operates what is described as an “Exempt – Exempt – Taxed” or “EET” pension regime. Contributions to a pension fund are relieved from tax and growth in these funds are also accumulated on a tax-free basis. Payments out of the fund during retirement are then subject to income tax, and USC and PRSI where applicable. I do not have any plans to...

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

Paschal Donohoe: I propose to take Questions Nos. 330 and 331 together. I am advised by Revenue that the available information in relation to the cost of tax relief on pension contributions is available on the Revenue website at link www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/costs-tax-expenditures.pdf. The information includes the number of taxpayers availing of the relief as well as...

Written Answers — Department of Finance: Customs and Excise (19 Jan 2022)

Paschal Donohoe: I propose to take Questions Nos. 332 and 333 together. The Deputy will be aware that 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 (UCC) and relevant national legislation and this includes gifts being imported by courier businesses or postal operators for recipients...

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

Paschal Donohoe: There is continued monitoring of tax related issues by my Department. Over the course of each year, a number of reviews of tax expenditures and other tax related matters are carried out by, or on behalf of, the Department of Finance. These may be used to ascertain whether existing tax measures should be amended, continued, extended or ended, or to otherwise...

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...