Results 7,761-7,780 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Legislative Process (15 Sep 2021)

Paschal Donohoe: Please see attached tables in relation to Bills published since 27 June 2020 which were sponsored by my Department, along with details in relation to accompanying Regulatory Impact Assessments (‘RIAs’). There are 9 Bills in the list. RIAs were published on the Department’s website in respect of 2 of those Bills. Screening RIAs were also prepared in respect of a number of...

Written Answers — Department of Finance: Housing Schemes (15 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 283 and 285 together. 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 the State over the previous four years, subject to limits outlined in the legislation....

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

Paschal Donohoe: I can inform the Deputy that the amount paid in late interest payments and penalty payments by my Department in each of the years 2017 to 2020 and to date in 2021 is set out in table A below. Government Departments are required to pay suppliers within 15 calendar days of receipt of a valid invoice as per prompt payment regulations. Where payment exceeds 30 days (or less if agreed payment...

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

Paschal Donohoe: 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 in the register established under section 43 of...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (9 Sep 2021)

Paschal Donohoe: I have a functional responsibility for the regulatory framework governing the provision of residential mortgage credit to consumers by Central Bank regulated entities.  However, I do not have a functional role in the regulation of contracts for the purchase and sale of residential property.  The terms of such contracts which are entered into by the purchasers and sellers...

Written Answers — Department of Finance: Currency Exchange (9 Sep 2021)

Paschal Donohoe: I am advised by the Office of the Revenue Commissioners that Revenue operate a risk-based compliance framework, using advanced analytics in a Risk Evaluation Analysis and Profiling (REAP) system to detect non-compliant behaviour. Risks in relation to crypto assets are included in Revenue’s compliance framework. This analytical approach to taxpayer behaviour and risk is continuously...

Written Answers — Department of Finance: Departmental Staff (9 Sep 2021)

Paschal Donohoe: During the years 2015 to 2020 inclusive, my Department satisfied the 3% target of employing staff with disabilities. My Department is aware of the increase in the target to 6% and is committed to achieving this revised target by 2024. The following table sets out the percentage of employees with a disability for the years 2015 to 2020. The 2020 figure was taken from a census survey...

Written Answers — Department of Finance: Flexible Work Practices (9 Sep 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive scheme was introduced to assist first-time purchasers with a deposit needed to buy or build a new house or apartment. Subject to a maximum repayment amount, HTB takes the form of a repayment of income tax, including DIRT, paid for the four tax years prior to making an application.  A first-time buyer is given the option of selecting all or any of the...

Written Answers — Department of Finance: Financial Services (9 Sep 2021)

Paschal Donohoe: The NTMA have informed me that in line with its double bottom line mandate, ISIF made an investment in Genuity Science. ISIF’s investment was, amongst other things, aimed at supporting the creation of a precision medicine hub in Ireland which it was hoped would have associated benefits to Ireland. ISIF’s role in its investments is that of an investor/shareholder with the day to...

Written Answers — Department of Finance: Tax Collection (9 Sep 2021)

Paschal Donohoe: I am advised by Revenue that receipts for Mineral Oil Tax (MOT) and carbon tax on mineral oils for the years up to year 2019 are published on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/excise/net- receipts-by-commodity.pdf The receipts from MOT and carbon tax for 2020 and to the end of July 2021 are shown in the table below. Please note that the 2021 receipts are...

Written Answers — Department of Finance: Financial Services (9 Sep 2021)

Paschal Donohoe: The normal tax treatment afforded to Irish collective investment funds is that the funds invested are allowed to grow on a tax-free basis within the fund.  The income is taxed at the level of the investor rather than the fund, as is standard international practice. In order to ensure that the appropriate tax is collected from Irish investors, funds are obliged to operate an exit tax...

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

Paschal Donohoe: The Covid Restrictions Support Scheme (CRSS) 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 support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from which are chargeable...

Written Answers — Department of Finance: Tax Forms (9 Sep 2021)

Paschal Donohoe: I can assure the Deputy 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 and continues to be flexible and responsive in putting...

Written Answers — Department of Finance: House Prices (9 Sep 2021)

Paschal Donohoe: There is no specific regulatory provision which specifically relates to the duration period of a mortgage approval (either an Approval in Principle or a mortgage offer). However, lenders should make the duration of any Approval in Principle clear to a consumer, in line with the requirement of the Consumer Protection Code 2012 to provide clear information to a consumer and to...

Written Answers — Department of Finance: Childcare Services (9 Sep 2021)

Paschal Donohoe: The Government acknowledges the continuing cost pressures on parents, particularly those with young children. In recognition of these cost pressures, a number of support measures are already in place to ease the burden on working parents. These include various tax-exempted child-care related supports provided by the Minister for Children and Youth Affairs and measures such...

Written Answers — Department of Finance: Flexible Work Practices (9 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 188, 209 and 211 together. Departments and Offices are currently working in line with Government COVID-19 guidance, which provides for home working to continue where possible. My Department  is an active participant on the interdepartmental working group that is developing a central policy framework for Blended Working in the Civil Service and which will...

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

Paschal Donohoe: I understand that the issue referred to relates to insurance for companies which are set up with the support of Áiseanna Tacaíochta. This in turn facilitates direct payments to its disabled members to enable them manage their own support services.  I am aware of the difficulties being experienced by this organisation and its members regarding the increased cost of insurance...

Written Answers — Department of Finance: Tax Credits (9 Sep 2021)

Paschal Donohoe: Section 481 TCA 1997 provides a 32% payable credit for eligible expenditure on film production in Ireland. It is available to Irish and international film production companies that are resident in the State or in an EEA State and carry on business in the State through a branch or subsidiary. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the...

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

Paschal Donohoe: I am informed by Revenue that 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: a) registered in the register established under...

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

Paschal Donohoe: As requested by the Deputy, the table below sets out the cumulative position in relation to the State’s investment in AIB and PTSB as at end-July. On the 23rdJune, I announced my intention to sell part of the State’s 13.9% shareholding in Bank of Ireland by way of a trading plan. At the same time, I confirmed that I was limited in the amount of detail I could disclose in...