Results 8,141-8,160 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Freedom of Information (6 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 175 and 176 together. I wish to advise the Deputy that my Department does not retain statistics concerning the intervening and interim processes of Freedom of Information requests. However, I can advise the Deputy that my Department supplies annual statistics of completed requests and fees collected to the Office of the Information Commissioner. The Office of...

Written Answers — Department of Finance: Financial Services (6 Jul 2021)

Paschal Donohoe: The Central Statistics Office’s (CSO) Register of Public Sector Bodiesprovides the basis for the preparation of Government Finance Statistics (GFS) and Excessive Deficit Procedure (EDP) reporting for Ireland. It lists all organisations in the State which are considered to be in the general government sector for the purposes of GFS and EDP. It also lists organisations which, while...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (6 Jul 2021)

Paschal Donohoe: There are a number of Covid related business supports under the remit of my Department including the Employment Wage Subsidy Scheme, the Covid Restrictions Support Scheme (CRSS), the Tax Debt Warehousing scheme and the recently announced Business Resumption Support Scheme (BRSS) due to be implemented in September. There is no age criteria associated with these schemes.They are available...

Written Answers — Department of Finance: Pension Provisions (6 Jul 2021)

Paschal Donohoe: The Commission on Taxation and Welfare has been established to independently consider how best the taxation and welfare systems can support economic activity and promote increased employment and prosperity. This is while ensuring that there are sufficient resources available to meet the costs of the public services and supports in the medium and longer term. The terms of reference for...

Written Answers — Department of Finance: Revenue Commissioners (6 Jul 2021)

Paschal Donohoe: I am advised by Revenue that Clerical Officers who transferred to Revenue from the Department of Agriculture in 2007 are not eligible to receive the Annual Personal to Holder (APTH) payment. This is because they were not serving in Revenue on 1 January 2003 (Integration Day), the designated date by reference to which eligibility for payment of the APTH was determined. The background is...

Written Answers — Department of Finance: Tax Code (6 Jul 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: Insurance Coverage (6 Jul 2021)

Paschal Donohoe: I am very much aware of the issues of insurance affordability and availability facing many sectors, such as the one highlighted by the Deputy, which provide such a valuable contribution to the well-being of our society and economy in general. However, neither I, nor the Central Bank of Ireland have any influence over the pricing or provision of insurance products, nor can we compel any...

Future of Banking in Ireland: Statements (1 Jul 2021)

Paschal Donohoe: I wish to share time with the Minister of State, Deputy Fleming, in order that we may cover off the different issues for which we are responsible.

Future of Banking in Ireland: Statements (1 Jul 2021)

Paschal Donohoe: We are all deeply aware of the uncertainty we face across many parts of our society and economy. That assessment is particularly applicable to where we stand with the future of banking here in Ireland. It has been a difficult year. I want to open by asserting my fundamental view on the future of banking, which is that, ultimately, the banking system should serve as the means to help...

Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Second Stage (1 Jul 2021)

Paschal Donohoe: The Minister of State, Deputy Fleming, gave a very comprehensive overview of the legislation so I will confine myself to responding back to the different comments made by Opposition and Government Deputies during the debate. I want to begin by addressing some of the points made by Deputy Connolly where she invoked the darkness of Kafka in her analysis of the Department and the Government's...

Written Answers — Department of Finance: Revenue Commissioners (1 Jul 2021)

Paschal Donohoe: I am advised by Revenue that while membership of a professional accountancy body is among the eligibility requirements in its recruitment to senior management tax specialist posts, there has been no requirement for targeted recruitment of forensic accountants to Revenue. Of the c. 250 Revenue staff who are qualified accountants, three have undertaken the Diploma in Forensic Accounting...

Written Answers — Department of Finance: Charitable and Voluntary Organisations (1 Jul 2021)

Paschal Donohoe: I am advised by the Revenue Commissioners that the rules on VAT are subject to EU VAT law, with which Irish VAT law must comply. VAT is charged on the supply of goods and services, and taxable entities must register for the tax, and pay VAT in respect of the goods and services that they supply to their customers, with a deduction for the VAT on their inputs and purchases. It is a...

Written Answers — Department of Finance: Vehicle Registration Tax (1 Jul 2021)

Paschal Donohoe: I am informed by Revenue that Statutory Instrument No. 353 of 1994, Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1992, provides for relief from Vehicle Registration Tax (VRT), Value Added Tax (VAT) and Motor Tax where a vehicle has been specially constructed or adapted for use by a passenger with disabilities and where the VRT and VAT has been paid by the passenger...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Jul 2021)

Paschal Donohoe: I am aware of concerns that have been raised regarding the pace of recovery for the aviation sector. As an economy wide support, the Employment Wage Subsidy Scheme has the objective of supporting all employment and maintaining the link between the employer and employee insofar as is possible. The EWSS is open to all businesses, including those in the aviation sector, provided the business...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Jul 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: Credit Availability (1 Jul 2021)

Paschal Donohoe: The purpose of the SBCI is to deliver effective financial supports to Irish SMEs to address gaps and potential failures in the Irish SME finance market as well as encouraging competition and innovation and facilitating the efficient and effective use of EU resources and financial instruments. The SBCI achieves this through the provision of low-cost liquidity and risk-sharing guarantee...

Written Answers — Department of Finance: Revenue Commissioners (1 Jul 2021)

Paschal Donohoe: I am advised by Revenue that the application in question has been processed and a Letter of Assessment has issued to the person. The delay in completing the process arose due to a temporary backlog of applications in the relevant Revenue office and a misplacement of hard copy supporting documents that were provided by the person in addition to his online application. Revenue also advised...

Written Answers — Department of Finance: Departmental Schemes (30 Jun 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 definitions...

Written Answers — Department of Finance: Tax Avoidance (30 Jun 2021)

Paschal Donohoe: I am advised by Revenue that the general anti-avoidance rule is contained in section 811 of the Taxes Consolidation Act 1997. Section 811 applied for transactions commenced up to 23 October 2014 and section 811C applies to transactions commenced after 23 October 2014. The general principles as to what constitutes a tax avoidance transaction are broadly the same under both sets of...

Written Answers — Department of Finance: Tax Data (30 Jun 2021)

Paschal Donohoe: I am advised by Revenue that payments from the Department of Social Protection are taxable sources of income unless they are specifically exempt from income tax. Both the State Contributory Pension and the State Non-Contributory Pension are chargeable to income tax, but not to Universal Social Charge (USC) or Pay Related Social Insurance (PRSI). The Social Welfare Consolidation Act 2005...