Results 7,141-7,160 of 32,527 for speaker:Paschal Donohoe

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (9 Nov 2021)

Paschal Donohoe: How many of the workers the Deputy referred to are employed by the corporations to which he also referred? Many of those corporations are very large employers employing a large share of the workers he correctly identified. We receive income tax on the salaries those corporations pay those workers. We receive tax from the investments those corporations make here. It comes back to the...

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (9 Nov 2021)

Paschal Donohoe: My apologies to the House for keeping Members waiting. I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. The VAT directive obliges each member state to have a standard rate of VAT and allows that a member state may choose to have no more than two reduced rates of VAT which may be applied to...

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (9 Nov 2021)

Paschal Donohoe: I was responding to the question the Deputy provided to me in writing. He asked about a rebate or an exemption from VAT for domestic energy supplies. I answered the question that was put to me. He made reference to the Czech Republic but it is notable that out of all the members of the European Union, at the moment only two are engaged with the Commission and the Union regarding a change...

Written Answers — Department of Finance: Tax Code (9 Nov 2021)

Paschal Donohoe: On 8 October, Ireland was among 136 jurisdictions who joined a two pillar international agreement in October to reform the international tax rules to address the challenges of digitalisation. Pillar One of the agreement will see a reallocation of a proportion of profits to the jurisdiction of the consumer, while Pillar Two will see the adoption of a new global minimum effective tax rate of...

Written Answers — Department of Finance: National Asset Management Agency (9 Nov 2021)

Paschal Donohoe: NAMA was established in December 2009 as part of the State’s response to the 2008 banking crisis with a very specific legal mandate, which was approved by the European Commission in 2010, to deal expeditiously with its acquired loan portfolio and to extract best value from that portfolio. NAMA has been successful in achieving this mandate and has now entered into the final phase of its...

Written Answers — Department of Finance: Tax Code (9 Nov 2021)

Paschal Donohoe: I am aware of the matter that the Deputy has raised as this has been a widely published scandal within the EU. I also note that the Deputy raised this issue last week at a meeting of the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach at which representatives from the Central Bank of Ireland provided some details on the topic. On the specific case mentioned by...

Written Answers — Department of Finance: Tax Reliefs (9 Nov 2021)

Paschal Donohoe: As I announced during my Budget speech, I am introducing a new tax credit for the digital gaming sector. Digital gaming is a sector that has seen exponential global growth in the past decade, however this growth has not been reflected in industry growth here in Ireland. Ireland has the potential to utilise the synergies with our established film and animation sectors, to support employment in...

Written Answers — Department of Finance: Credit Unions (9 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 85, 92 and 148 together. The Programme for Government includes a number of commitments in relation to the credit union sector that the Government is progressing. The Review of the Policy Framework is now at an advanced stage. Stakeholder Engagement Since September 2020, the Department has held extensive engagement with credit union representative bodies to...

Written Answers — Department of Finance: Insurance Industry (9 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 86 and 99 together. Price walking is a form of differential pricing where consumers are gradually charged higher premiums, relative to the cost of providing the service, the longer they remain with a provider. This represents a de facto loyalty penalty on long-serving customers. In the context of this specific question this is an important issue for...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (9 Nov 2021)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the operation of the Employment Wage Subsidy Scheme (EWSS). It provides a subsidy to qualifying employers based on the numbers of paid and eligible employees on the employer’s payroll and charges a reduced rate of employer PRSI of 0.5% on wages paid which are eligible for the subsidy payment....

Written Answers — Department of Finance: Defective Building Materials (9 Nov 2021)

Paschal Donohoe: My Department maintains contact with both the Banking Payments Federation Ireland (BPFI) and the insurance sector on a on going basis. While I have not met them specifically on the issue of contributions through levies or otherwise to a 100% redress scheme for homes affected by defective concrete blocks as a result of MICA and pyrite, I understand that the Minister for Housing, Local...

Written Answers — Department of Finance: Tax Code (9 Nov 2021)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. The VAT Directive obliges each Member State to have a standard rate of VAT and also allows that a Member State may choose to have no more than two reduced rates of VAT which may be applied to certain goods and services i.e. any of those listed in...

Written Answers — Department of Finance: Tax Code (9 Nov 2021)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law must comply. In accordance with the Value-Added Consolidation Act, 2010 the supply of non-alcoholic drinks is generally liable to tax at the standard rate, currently 23%. The VAT Directive obliges each Member State to have a standard rate of...

Written Answers — Department of Finance: Banking Sector (9 Nov 2021)

Paschal Donohoe: All credit institutions in Ireland are independent commercial entities and decisions in relation to the provision of bank statements are made by the boards and management of individual banks. I am advised by the Central Bank that Chapter 6 of the Consumer Protection Code 2012 ‘Post-sale Information Requirements’ sets out the requirements that regulated entities must follow...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (9 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 93, 104, 107, 116, 118, 131, 136, 138, 154 and 156 together. The Business Resumption Support Scheme (BRSS) is a support for businesses impacted by COVID-19. I am advised by Revenue that eligible businesses can register for the BRSS via the e-Registration facility on the Revenue On-line System (ROS). Once registered, eligible businesses can make a claim at...

Written Answers — Department of Finance: Tax Code (9 Nov 2021)

Paschal Donohoe: The present position is that agricultural contractors are not entitled to avail of relief from increases in the carbon tax on farm diesel under section 664A of the Taxes Consolidation Act 1997. This is because farming, which is defined in section 654 of the Taxes Consolidation Act, requires that the occupation of farmland. Agricultural contracting does not involve the occupation of farmland....

Written Answers — Department of Finance: Tax Reliefs (9 Nov 2021)

Paschal Donohoe: Section 481 TCA 1997 provides a 32% payable credit for eligible expenditure on film production in Ireland. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of the Irish culture. The audiovisual sector has largely continued to function through the most challenging...

Written Answers — Department of Finance: Tax Code (9 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 96, 139 and 245 together. 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...

Written Answers — Department of Finance: Film Industry (9 Nov 2021)

Paschal Donohoe: Section 481 provides relief in the form of a corporation tax credit related to the cost of production of certain films. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of the Irish culture. Finance Act 2018 introduced a short-term, tapered regional uplift for...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (9 Nov 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced in 26 March 2020 as an emergency income support for eligible employees where the employer’s business activities were negatively impacted by the COVID-19 pandemic. Over 66,600 employers received a subsidy under the TWSS with payments of €2.8 billion paid out to a total of 664,500 workers. The scheme operated until 31 August...