Results 7,741-7,760 of 32,527 for speaker:Paschal Donohoe

Confidence in Minister for Foreign Affairs and Defence: Motion (15 Sep 2021)

Paschal Donohoe: We will do that work-----

Confidence in Minister for Foreign Affairs and Defence: Motion (15 Sep 2021)

Paschal Donohoe: As I said, the mask will always slip with Sinn Féin. We will do that work. We will do that hard work in honesty and by putting forward policies that can make a difference to the lives of people. There are few in this House who represent those qualities more than Simon Coveney.

Written Answers — Department of Finance: Tax Code (15 Sep 2021)

Paschal Donohoe: The 140 members of the OECD's Inclusive Framework on BEPS continue to work on a two pillar proposal towards finding a consensus solution to address the tax challenges of digitalisation and globalisation of the economy.   Many of the key policy decisions of the two pillar proposal including the rate of the proposed minimum effective tax rate, as of yet, remain undecided.  We...

Written Answers — Department of Finance: Departmental Expenditure (15 Sep 2021)

Paschal Donohoe: I wish to inform the Deputy that my Department has utilised the services of the organisation mentioned. Four staff members in my Department have attended the Meridian leadership training programme, provided by this organisation, as part of their development as senior managers. (Details provided at Table A). The goal of the programme is to develop leaders with the skills, networks and...

Written Answers — Department of Finance: Tax Reliefs (15 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 259 and 265 together. Section 469 of the Taxes Consolidation Act 1997 provides for tax relief in respect of qualifying health expenses and defines "health expenses" as "expenses in respect of the provision of health care including the services of a practitioner". A practitioner is defined in the section as "any person who is: a. registered in the register...

Written Answers — Department of Finance: Tax Reliefs (15 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 260 and 264 together. Section 469 of the Taxes Consolidation Act 1997 provides for tax relief in respect of qualifying health expenses. Section 469 defines "health expenses" as "expenses in respect of the provision of health care including the services of a practitioner".  A practitioner is defined in the section as "any person who is: 1. registered...

Written Answers — Department of Finance: Tax Forms (15 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 261 and 268 together. I can assure the Deputies that Revenue understands and appreciates the unprecedented situation facing taxpayers and businesses as a result of the ongoing COVID-19 pandemic, and has played a key role in responding to the many challenges arising during this crisis. Revenue works very closely with businesses and tax practitioners...

Written Answers — Department of Finance: Vacant Properties (15 Sep 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time buyers 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...

Written Answers — Department of Finance: Electric Vehicles (15 Sep 2021)

Paschal Donohoe: In Finance Act 2019 I legislated for a CO2-based benefit-in-kind (BIK) regime for company cars from 1/1/2023. From that date the amount taxable as BIK remains determined by the car’s original market value (OMV) and the annual business kilometres driven, while new CO2 emissions-based bands will determine whether a standard, discounted, or surcharged rate is taxable. The number of...

Written Answers — Department of Finance: Interest Rates (15 Sep 2021)

Paschal Donohoe: As the Deputy is aware, as Minister for Finance I have no role in the day to day commercial decisions and operations of any bank operating within the State. This includes the banks in which the State has a shareholding. Such matters 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...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Sep 2021)

Paschal Donohoe: Of necessity, the underlying legislation and the Temporary Wage Supplement Scheme (TWSS) itself were developed having regard to the overarching, urgent Government objective of getting much needed assistance quickly to employers and employees, where businesses had been seriously affected by the pandemic and the necessary restrictions introduced to fight the spread of the Covid-19 virus....

Written Answers — Department of Finance: Tax Code (15 Sep 2021)

Paschal Donohoe: I am advised by Revenue that the Social Welfare Consolidation Act 2005 provides for the payment of the contributory State Pension. The payment is made from the Department of Social Protection to an individual who fulfils the statutory criteria.  The Act also provides for an increase in the amount of weekly State Pension where the beneficiary of the pension has a qualified adult...

Written Answers — Department of Finance: State Bodies (15 Sep 2021)

Paschal Donohoe: The Central Bank has informed me, that in responding to this matter, it is first necessary to emphasise that it discharges its mandate on a cross-bank basis and through an integrated organisational structure. The Central Bank’s organisational structure reflects the focus it has on the effective regulation of both domestic and international financial services firms in Ireland. The...

Written Answers — Department of Finance: Customs and Excise (15 Sep 2021)

Paschal Donohoe: I am advised by Revenue that it had no seizures of nitrous oxide in the period from 2015 to 2019. In 2020, Revenue had eight seizures of the product, consisting of 33,600 canisters. To date in 2021, Revenue had five seizures of the product, consisting of 82,200 canisters. Nitrous oxide is not prohibited and has a number of legitimate uses, for example in the food industry.  However,...

Written Answers — Department of Finance: Financial Services (15 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 272, 273, 274 and 275 together. Over the last decade, we have seen a shift in the way consumers and businesses are paying for goods and banking. While historically Ireland has been a relatively cash-intensive economy, significant progress has been made and a rapid increase in the take-up of electronic payments is evident. The Covid-19 pandemic has...

Written Answers — Department of Finance: Financial Services (15 Sep 2021)

Paschal Donohoe: The NTMA have informed me that ISIF publishes bi-annual reporting which contains an update on the status of the operation of the Ireland Strategic Investment Fund, including economic impact reporting.  The latest report available on the ISIF website sets out an ISIF performance update up to the end of June 2021 and incorporates an economic impact report for 2020. The high level messages...

Written Answers — Department of Finance: Research and Development (15 Sep 2021)

Paschal Donohoe: Governments in many countries provide support for research and development (R&D) with the aim of promoting R&D investment in their respective economies. For example the primary policy objective behind the Irish R&D Tax Credit is to increase business R&D in the State, as R&D can contribute to higher innovation and productivity. Support can come in the...

Written Answers — Department of Finance: Research and Development (15 Sep 2021)

Paschal Donohoe: It is assumed the Deputy is referring to payable tax credits in respect of research and development (R&D) expenditure. I am informed by Revenue that the available information in respect of payable tax credits is published in Revenue’s statistics on R&D (see page 4), which is available at  www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Financial Services (15 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 279 and 280 together. Credit unions in Ireland are regulated and supervised under the Credit Union Act, 1997 (the 1997 Act) and regulations issued by Central Bank, which set out the framework for the registration, regulation and operation of credit unions. The Central Bank expects all regulated firms to take a consumer-focused approach and to act in their...

Written Answers — Department of Finance: Student Accommodation (15 Sep 2021)

Paschal Donohoe: With regard to the case referred to by the Deputy, Revenue have informed me that they are bound by taxpayer confidentiality in accordance with Section 851A of the TCA 1997 and cannot provide any information on a specific taxpayer. Accelerated capital allowances for qualifying expenditure incurred on the construction, refurbishment or conversion of student accommodation were provided...