Results 7,301-7,320 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector (2 Nov 2021)

Paschal Donohoe: The Deputy will be aware that 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 are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The independence of banks in which the State has a...

Written Answers — Department of Finance: Tax Code (2 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 249 to 252, inclusive, together. I am advised by Revenue that a tentative estimate of the revenue foregone by exempting: - maternity benefit from income tax is of the order of €45m; - adoptive benefit from income tax is of the order of €0.04m; and - paternity benefit from income tax is of the order of €2.6m. I am advised by Revenue...

Written Answers — Department of Finance: Tax Code (2 Nov 2021)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT legislation with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States may apply a...

Written Answers — Department of Finance: Tax Exemptions (2 Nov 2021)

Paschal Donohoe: The Finance (Local Property Tax) Act 2012 (as amended) provides for certain properties to be exempt from LPT during the current valuation period (2013 to 2021) and the next valuation period (2022 to 2025) where they meet certain qualifying conditions. The full list of exemptions that apply for the new valuation period and how they can be claimed is available on the Revenue website. It is...

Written Answers — Department of Finance: Tax Reliefs (2 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 256 and 257 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: Insurance Coverage (2 Nov 2021)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial services regulation, including for the insurance sector. However, the provision of cover is a separate commercial matter for insurance companies based on an assessment of the risks they are willing to accept. Consequently, neither I nor the Central Bank of Ireland can interfere in the...

Written Answers — Department of Finance: Insurance Industry (2 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 259 and 260 together. This Government recognises the importance of a stable, well-functioning and competitive insurance industry. Accordingly, the Action Plan for Insurance Reform sets out 66 actions across a number of policy areas which is aimed at reducing volatility in the market, removing barriers to entry and making Ireland a more attractive operating...

Written Answers — Department of Finance: Financial Services (2 Nov 2021)

Paschal Donohoe: I have been advised that the public can consult the Investment Intermediaries’ registers by viewing them on the Central Bank of Ireland’s website (link below). There are two registers for investment intermediaries – one for those intermediaries ‘deemed’ authorised by the Central Bank in July 2001, titled “Register of Investment Business Firms deemed...

Written Answers — Department of Finance: Financial Services (2 Nov 2021)

Paschal Donohoe: The Central Bank has advised that the public can consult the mortgage intermediaries register by viewing it on the Central Bank of Ireland’s website under its Register of Firms section (). The relevant registers are 'Register of Mortgage Intermediaries' and 'Register of Mortgage Credit Intermediaries'. The Central Bank further advises that these registers are generally updated every...

Written Answers — Department of Finance: Tax Code (2 Nov 2021)

Paschal Donohoe: In 2018, the most recent year for which data are available, the Exchequer cost of the Employment Investment Incentive (EII) was €14.5m and 1,137 persons availed of the relief.The €14.5m cost represents less than half the equivalent cost figure for 2016 (€31.7m). Revenue has advised me that it is not possible to identify the number of additional jobs created or...

Written Answers — Department of Finance: Housing Schemes (2 Nov 2021)

Paschal Donohoe: As the Deputy will be aware, in my recent Budget speech, I indicated that Finance Bill 2021 would include a provision extending the Help to Buy scheme for one further year to the end of 2022 and that the scheme will be formally reviewed in the course of 2022. My intention is that the review will be fundamental in nature and, as such, it is likely to encompass all aspects of the scheme.

Written Answers — Department of Finance: Credit Unions (2 Nov 2021)

Paschal Donohoe: The appointment if a Credit Union Advisory Committee (CUAC) is a statutory requirement under section 180 of the Credit Union Act 1997. Under the Minister’s guidance to examine the “people” aspect off the sector, the CUAC chose to prioritise undertaking research with Directors during 2019. This research had a number of purposes: primarily to understand the issues and...

Written Answers — Department of Finance: State Assets (2 Nov 2021)

Paschal Donohoe: The NTMA have informed me that ISIF has a commitment in Shamrock Renewable Products Limited (a manufacturer of sustainable heating fuel products). ISIF has no current investments in Drax and/or Albioma.

Written Answers — Department of Finance: Tax Reliefs (2 Nov 2021)

Paschal Donohoe: Section 118(5A) of the Taxes Consolidation Act 1997 exempts employees and directors from benefit-in-kind taxation where an expense has been incurred by an employer on the provision of a monthly or annual bus, rail or ferry travel pass for the employee or director. Section 118B provides that the exemption may also apply to bus, rail or ferry travel passes obtained under a salary sacrifice...

Written Answers — Department of Finance: National Asset Management Agency (2 Nov 2021)

Paschal Donohoe: The Poolbeg West SDZ Planning Scheme includes a requirement for 25% of the residential units delivered in the SDZ to be reserved for social and affordable housing, comprising 10% Part V social housing and 15% affordable housing. The former glass bottle site located in the SDZ has the potential to provide up to 3,800 residential units (including 25% social and affordable homes) and...

Written Answers — Department of Finance: Tax Code (2 Nov 2021)

Paschal Donohoe: I assume that the Deputy’s Question relates to the guidance published by Revenue in respect of the application of Irish tax residency rules during the COVID-19 pandemic. I am advised by Revenue that an individual’s tax residence depends on the number of days they are present in Ireland during a tax year. Under section 819 of the Taxes Consolidation Act 1997, an individual is...

Written Answers — Department of Finance: Tax Credits (2 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 an additional, short-term, tapered regional...

Written Answers — Department of Finance: Insurance Coverage (2 Nov 2021)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial services regulation, including for the insurance sector. I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses. The Deputy should be aware that the provision of cover is a commercial matter for insurance companies...

Written Answers — Department of Finance: Legislative Measures (2 Nov 2021)

Paschal Donohoe: The Government recently approved the General Scheme of the Insurance (Miscellaneous Provisions) Bill for priority drafting. Subsequently Minister of State, Deputy Fleming wrote to the Chair of the Committee on Finance, Public Expenditure and Reform and the Taoiseach, in relation to pre-legislative scrutiny. Once these elements have been completed, the Bill will be published and will then be...

Written Answers — Department of Finance: National Asset Management Agency (2 Nov 2021)

Paschal Donohoe: As the Deputy may be aware, NAMA does not own land in Kildare, rather NAMA acquired loans for which land and other properties act as security. The secured properties are owned and controlled by their registered owners, or appointed receivers, in the event of enforcement. Sections 99 and 202 of the NAMA Act prohibit NAMA from disclosing confidential debtor information, including the...