Results 7,781-7,800 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Pension Provisions (9 Sep 2021)

Paschal Donohoe: The matter of the Public Service payroll is primarily a matter for my colleague the Minister of Public Expenditure and Reform. Furthermore, enquiries made by my Department with relevant bodies failed to identify the practice within the public service pensions payment system to which the Deputy refers.  However, if the Deputy wishes to provide further details, my officials will make...

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

Paschal Donohoe: I propose to take Questions Nos. 194, 224, 225 and 226 together. In Budget 2020, I provided for the introduction of a number of enhancements to the R&D tax credit for micro and small companies, including an increase in the rate of credit and an enhanced method of calculating the payable credit. Section 25 of Finance Act 2019 introduced new measures in respect of the Research and...

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

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme 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. Details of these reliefs and the grant in respect of fuel usage are available on the Revenue website. The relief from Value Added Tax and Vehicle Registration Tax are generous in nature...

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

Paschal Donohoe: Officials in my Department referred the Deputy's question to the Central Bank of Ireland and received the following response in this regard: “Under S. 33AK of the Central Bank Act 1942 (as amended) the Bank is prohibited from disclosing regulatory information in respect of individual firms. “However, on a broader note the Central Credit Register is established by the Central...

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

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers 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: Covid-19 Pandemic Supports (9 Sep 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), which is an economy-wide enterprise support for eligible businesses in respect of eligible employees. It provides a flat-rate subsidy to qualifying employers based on the numbers of paid and eligible employees on the employer’s...

Written Answers — Department of Finance: State Assets (9 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 199 and 200 together. The NTMA has informed me that ISIF has a shareholding in Genuity Science and that three operating subsidiaries of Genuity Science have been acquired by HiberCell in an all-stock transaction. ISIF continues to remain a shareholder in Genuity Science and as such is now an indirect shareholder in HiberCell. I am also informed...

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

Paschal Donohoe: At the outset, it is important to note that neither the Minister for Finance, nor the Central Bank of Ireland, has any influence over the pricing or provision of insurance products, as this is a commercial matter assessed on a case-by-case basis.  This position is reinforced by the EU legislative framework for insurance (the Solvency II Directive). Motor insurers use a...

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

Paschal Donohoe: Section 530P of the Taxes Consolidation Act 1997 precludes Revenue from issuing a refund of Relevant Contracts Tax (RCT) until the income tax return for the relevant year (or the Corporation Tax return for the relevant accounting period of a company) has been filed and all associated liabilities discharged. However, the RCT refund is available for offset against other tax liabilities that may...

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

Paschal Donohoe: I am advised by Revenue that any person who wishes to appeal against the refusal of a VRT exemption can avail of a two-stage appeal process.  The first-stage appeal consists of a re-examination of the original decision by a Revenue official who had no previous involvement with the case.  If the appellant is still unhappy following the outcome of that re-examination, there is the...

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

Paschal Donohoe: I am advised by Revenue that information relating to Local Property Tax (LPT) can be found on the statistics webpage of the Revenue website www.revenue.ie/en/corporate/information-about-r evenue/statistics/local-property-tax/index.aspx. The end of year reports at this link include both the overall annual LPT yields and the breakdown of these amounts by Local Authority area for each year...

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

Paschal Donohoe: I propose to take Questions Nos. 205 to 298, inclusive, together. Businesses may claim capital allowances on capital expenditure it incurs on certain types of business assets and business premises. Capital allowances allow the wear and tear of plant and machinery be taken into account as a deduction for tax purposes. In general, such capital allowances are claimed at a rate of 12.5% annually,...

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

Paschal Donohoe: As the Deputy will be aware Budget 2021 provided for a reduction in the rate of VAT from 13.5% to 9% for Hospitality and Tourism related services and goods. This was a temporary measure to provide support for 14 months from 1 November 2020 to the end 2021. The measure is being extended to 31 August 2022 in recognition of the continuing challenges facing the Hospitality and Tourism sector. ...

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

Paschal Donohoe: At the outset, it is important to note that neither the Minister for Finance, nor the Central Bank of Ireland, has any influence over the pricing or provision of insurance products, as this is a commercial matter assessed on a case-by-case basis.  This position is reinforced by the EU legislative framework for insurance (the Solvency II Directive). Motor insurers use a...

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

Paschal Donohoe: I am advised by Revenue that Section 189 of the Taxes Consolidation Act 1997 (TCA) exempts permanently incapacitated individuals from Income Tax, Pay Related Social Insurance (PRSI), Universal Social Charge (USC) and Capital Gains Tax on the income arising and gains accruing from the investment, in whole or in part, of compensation payments which arise from an order under section 38 of the...

Written Answers — Department of Finance: Government Communications (9 Sep 2021)

Paschal Donohoe: I wish to indicate to the Deputy that to my knowledge, I am not aware of any instance of a hack on my Ministerial phone. The Department’s ICT providers (the Office of the Government’s Chief Information Officer [OGCIO]) have deployed a multi layered approach to security, with defence-in-depth comprising of people, process and technology to protect against cyber security...

Written Answers — Department of Finance: Government Communications (9 Sep 2021)

Paschal Donohoe: I can confirm to the Deputy that I do not use a personal phone for Government business. I also wish to indicate to the Deputy that to my knowledge, I am not aware of any instance of a hack on my phone.

Written Answers — Department of Finance: Freedom of Information (9 Sep 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department supplies annual statistics in relation to Freedom of Information (FOI) requests which are granted and part granted to the Office of the Information Commissioner (OIC). The OIC publishes this information online.  Annual reports can be found on the OIC website through the following link:...

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

Paschal Donohoe: The Covid Restrictions Support Scheme (CRSS), which is provided by Section 11 of the Finance Act 2020, was introduced to support businesses (companies, self-employed individuals and partnerships) significantly affected by restrictions introduced by the Government to combat the COVID-19 pandemic. The CRSS operates on a self-assessment basis, and claimants are required to satisfy themselves...

Written Answers — Department of Finance: Commissions of Investigation (9 Sep 2021)

Paschal Donohoe: I wish to inform the Deputy that there have not been any commissions of investigation under the remit of my Department over the preceding decade.