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Written Answers — Department of Finance: Financial Services (29 Sep 2021)

Paschal Donohoe: The European Commission proposal for a Pan-European Personal Pension Product (PEPP) was adopted by Council in 2019. Separately, the Level II Regulatory Technical Standards were approved by Council and published in March 2021. Accordingly, the Regulation will enter into application in Quarter 1 2022. My Department had domestic responsibility for negotiating this file...

Written Answers — Department of Finance: Tax Reliefs (29 Sep 2021)

Paschal Donohoe: As the Deputy will be aware, the Minister for Housing, Local Government and Heritage, has established an Independent Working Group to examine the issue of defective housing. Officials from my Department participate in this Working Group. The objectives of the group are to identify the scope of relevant significant defects in housing, to evaluate the scale of housing...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 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: Tax Collection (28 Sep 2021)

Paschal Donohoe: The Programme for Government - “Our Shared Future” – includes a commitment to bring forward legislation in relation to the Local Property Tax (LPT) on the basis of fairness and that most homeowners will face no increase in their LPT liability. In addition there is a commitment to bring new homes, which were outside the LPT, into the taxation system. The Finance...

Written Answers — Department of Finance: Tax Code (28 Sep 2021)

Paschal Donohoe: As previously advised to the Deputy in my reply to Dail Question No. 261 (Ref No. 43268-21), on the 15th of September, the filing date for self-assessed taxpayers who file their 2020 return (Form 11) and pay any liabilities due through ROS, including preliminary tax for 2021, has already been extended from 31 October 2021 to 17 November 2021 and no further extension is envisaged. ...

Written Answers — Department of Finance: Banking Sector (28 Sep 2021)

Paschal Donohoe: Within the regulatory framework of the Central Bank of Ireland, only authorised credit institutions or retail credit firms may provide mortgage credit to consumers in Ireland. Under EU law, credit institutions authorised in another EEA Member State can provide specified banking activities, including lending, in other Member States provided that the home country supervisor (which in Ireland is...

Written Answers — Department of Finance: Budget 2022 (28 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: registered in the register established under section 43 of the Medical...

Written Answers — Department of Finance: Tax Reliefs (28 Sep 2021)

Paschal Donohoe: Section 118(5A) of the Taxes Consolidation Act (TCA 1997) provides an exemption from benefit-in-kind (BIK) where an employer purchases a travel pass for an employee. Under section 118B TCA 1997 an employer and employee may also enter into a salary sacrifice arrangement under which the employee agrees to sacrifice part of his or her salary, in exchange for a travel pass. Where a travel pass is...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Sep 2021)

Paschal Donohoe: As the Deputy will be aware, I have previously responded to a question from him in relation to this matter on 9 September. A detailed reply was issued in that instance (Dail Question No. 217 - Reference 42979/21) and there have been no substantive developments or adjustments to the previous answer in the interim period. The Covid Restrictions Support Scheme (CRSS), which is provided by...

Written Answers — Department of Finance: Primary Medical Certificates (28 Sep 2021)

Paschal Donohoe: To qualify for a Primary Medical Certificate an applicant must be permanently and severely disabled, and satisfy at least one of the following medical criteria, in order to obtain a Primary Medical Certificate: - be wholly or almost wholly without the use of both legs; - be wholly without the use of one leg and almost wholly without the use of the other leg such that the applicant is...

Written Answers — Department of Finance: Tax Clearance Certificates (28 Sep 2021)

Paschal Donohoe: Department of Social Protection (DSP) payments are generally classified as income and as such are liable to income tax but not Universal Social Charge (USC) and PRSI. This includes Jobseekers Benefit and any weekly payments for adult dependants. The way in which tax is collected from DSP payments is dependent on whether a person is taxed through the PAYE system or through...

Written Answers — Department of Finance: Tax Code (28 Sep 2021)

Paschal Donohoe: I would like to thank the Deputy for raising this important issue. On 1 July 2021, the OECD Inclusive Framework reached agreement but not unanimous consensus on key aspects of the two-pillar solution to address tax challenges arising from digitalisation and globalisation. I have been clear in expressing my broad support for the agreement but have expressed reservation, in particular,...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Sep 2021)

Paschal Donohoe: I am aware of concerns that have been raised regarding the pace of recovery for the hospitality and tourism 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, provided the business meets the requisite...

Written Answers — Department of Finance: Tax Code (28 Sep 2021)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Tax Yield (28 Sep 2021)

Paschal Donohoe: Discretionary Trust Tax (DTT) is payable by trustees or by an agent acting for trustees. An initial once-off 6% charge applies to the value of all the assets in a trust. An annual 1% charge applies on 31 December each year to the value of all the assets in the trust on that date. The yield from DTT (in €m) for the years 2016 to 2020 is provided in the table below. 2016 ...

Written Answers — Department of Finance: Customs and Excise (28 Sep 2021)

Paschal Donohoe: My colleagues in Revenue inform me that while the rates of Customs Duty are standard and are set at EU level, the administration fees charged by carrier / delivery companies are a matter for the individual companies and for the consumers who use these companies. The fees vary but so does the service offered by the various companies. Queries about these charges should be directed to the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Sep 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020. The scheme operated from 26 March 2020 to 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. The TWSS was introduced as an emergency measure, providing vital financial support to employers and employees...

Written Answers — Department of Finance: Departmental Expenditure (28 Sep 2021)

Paschal Donohoe: I refer to information previously supplied in relation to attendance at courses provided by a specific training provider. Attendance at these training courses by four staff in my Department over the period 2015-2017 was funded as "ad hoc" training, whereby individuals discussed an interest completing the training course with their managers and the Human Resources Unit. As it was a specific...

Written Answers — Department of Finance: Tax Data (28 Sep 2021)

Paschal Donohoe: I am advised by Revenue that the cost of tax relief on pension contributions for the years 2004 to 2018 (the latest year currently available) are available on the Revenue website at www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/costs-tax-expenditures.pdf For 2018, the published items in relation to pension contribution relief are: - ‘Employees’...

Written Answers — Department of Finance: Tax Yield (28 Sep 2021)

Paschal Donohoe: As the Deputy is aware, loss relief for corporation tax is a long-standing feature of the Irish corporate tax system and a standard feature of corporation tax systems in most OECD countries. It recognises the fact that a business cycle runs over several years and that it would be unfair to tax income earned in one year and not allow relief for losses incurred in another. Loss relief works by...

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