Results 8,401-8,420 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Industry (1 Jun 2021)

Paschal Donohoe: I am very much aware of the issues of affordability and availability facing many sectors, such as the specific motor sport one highlighted by the Deputy, which provide such a valuable contribution to the well-being of our society and economy in general. However, it is important to note that neither the Government nor the Central Bank of Ireland have any influence over the pricing or provision...

Written Answers — Department of Finance: Workplace Relations Commission (1 Jun 2021)

Paschal Donohoe: As stated in PQ 28102, officials in my Department have commenced work on the development of a tax credit for the digital gaming sector. The intention is to publish legislation to introduce this new credit as part of the 2021 Finance Bill process. It is important to note however, that European Commission State aid approval will be required prior to the introduction of the tax credit. Therefore...

Written Answers — Department of Finance: Insurance Industry (27 May 2021)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses, including those referenced in the question. This position is reinforced by the EU framework for insurance (the Solvency II Directive)....

Written Answers — Department of Finance: Tax Code (27 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 127 and 133 together. The Finance Act 2020 legislated for warehousing of certain income tax liabilities of self-assessed income taxpayers, including the self-employed, whose income has been affected by the restrictions introduced to combat Covid-19. I am advised by Revenue that the debt warehousing scheme already provides for the warehousing of income tax...

Written Answers — Department of Finance: Tax Code (27 May 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. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain organisations. In order to qualify for relief an organisation must be entered in...

Written Answers — Department of Finance: Tax Code (27 May 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. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain organisations. In order to qualify for relief an organisation must be entered in...

Written Answers — Department of Finance: Alcohol Sales (27 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 130 and 131 together. I am advised by Revenue that the licensing year for Intoxicating Liquor Licences runs from 1 October to 30 September in respect of Liquor Retailer On Licences, Liquor Retailer Off Licencesand Liquor Manufacturers Licences. The licensing year for Liquor Wholesale Dealer Licencesruns from 1 July to 30 June. Where both a Wholesale Dealer...

Written Answers — Department of Finance: Tax Code (27 May 2021)

Paschal Donohoe: In response to the query of the Deputy, I can confirm that if the person/entity buying the houses accumulates 10 or more houses in any 12 month period, whether they comprise new or existing housing stock, and irrespective of whether they are in the same location or not, the new higher stamp duty rate of 10% will apply. Where a person/entity is buying on a unit by unit basis the payment of...

Written Answers — Department of Finance: Banking Sector (27 May 2021)

Paschal Donohoe: I assume the Deputy is referring to Statutory Instrument 713/2020: "European Union (Bank Recovery and Resolution) (Amendment) Regulations 2020" which amends SI 289/2015: "European Union (Bank Recovery and Resolution) Regulations 2015". The Bank and Investment Fund Resolution Fund (BIFR) was set up under the 2015 Regulations and is administered by the Central Bank of Ireland. There were no...

Written Answers — Department of Finance: Banking Sector (27 May 2021)

Paschal Donohoe: Since the COVID-19 situation first arose, I have maintained contact with the BPFI and lenders on the measures they have put in place to assist their customers who are economically impacted by the pandemic. In relation to the particular issue of new mortgage lending, the main retail banks previously confirmed that they are considering mortgage applications and mortgage drawdowns in relation...

Written Answers — Department of Finance: Housing Issues (27 May 2021)

Paschal Donohoe: The Irish Strategic Investment Fund and Home Building Finance Ireland continue to make significant contributions to support increasing housing supply. It is important that they continue to do so given the current housing crisis. ISIF’s investment in the residential development sector is aimed at unlocking the supply of new homes across all tenures. ISIF’s single largest...

Written Answers — Department of Finance: Departmental Programmes (27 May 2021)

Paschal Donohoe: I would like to advise the Deputy that the Immigrant Investor Programme (IIP) is not under the remit of the Minister for Finance and is a matter for the Department of Justice. In common with my predecessors as Minister for Finance, I have regular engagement with the bodies referenced, in particular with the Central Bank, on a wide range of issues. My officials are currently reviewing the...

Written Answers — Department of Finance: Primary Medical Certificates (27 May 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. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain organisations. In order to qualify for relief an organisation must be entered in...

Written Answers — Department of Finance: Defective Building Materials (27 May 2021)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses, including those referenced in the question. This position is reinforced by the EU framework for insurance (the Solvency II Directive)....

Written Answers — Department of Finance: Defective Building Materials (27 May 2021)

Paschal Donohoe: As the Deputy may be aware, there have been a small number of tax-based measures in recent years concerned with the remediation of private dwellings. The Living City Initiative is a tax incentive aimed at the regeneration of the historic inner cities of Dublin, Cork, Galway, Kilkenny, Limerick and Waterford. The scheme provides income or corporation tax relief for qualifying expenditure...

Written Answers — Department of Finance: Customs and Excise (27 May 2021)

Paschal Donohoe: Council Directive 2020/1151 amends the Alcohol Products Tax Directive. The revision provides for mandatory changes and optional changes. Among the optional changes is a provision to allow Member States to apply reduced rates of excise to small cider producers. Options around relief for small cider producers will be included in the Tax Strategy Group Papers. Any decision on the provision of...

Written Answers — Department of Finance: Defective Building Materials (27 May 2021)

Paschal Donohoe: My colleague the Minister for Housing, Local Government and Heritage is responsible for the defective concrete blocks remediation financial assistance scheme and his Department will be best place to advise on the requirements and operation of the scheme. In relation to any contributions which financial institutions may contribute to the mica redress scheme, that is a matter for each...

Written Answers — Department of Finance: Tax Code (27 May 2021)

Paschal Donohoe: I consider that the primary objective of a vacant residential property tax would be to increase the supply of homes for rent or purchase to meet demand rather than increasing tax revenues. However, before introducing such a tax it is of course important to have a sound understanding of the quantity, locations and characteristics of long term vacant dwellings, and the reasons why they are...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (26 May 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 Rebates (26 May 2021)

Paschal Donohoe: The Diesel Rebate Scheme (DRS) is provided for in Section 99A of the Finance Act 1999. Under the DRS, qualifying road transport operators may qualify for a repayment of part of the mineral oil tax paid on auto-diesel purchased in the State for use in the course of their business. Applications by qualifying operators for repayments are made in respect of a quarterly repayment period. I am...