Results 8,421-8,440 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Fiscal Data (26 May 2021)

Paschal Donohoe: Deputy, the table below displays general government net worth data for the requested years. 2000 2005 2010 2015 2020 General government net worth (€ millions) 42,242 83,084 6,398 -51,469 -39,322 Source: Central Statistics Office

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

Paschal Donohoe: The Deputy may be aware that in accordance with Section 851A of the Taxes Consolidation Act 1997 Revenue is statutorily bound to confidentiality in respect of taxpayer information and is therefore precluded from disclosing taxpayer information. In relation to the Temporary Wage Subsidy Scheme (TWSS), section 28(8) of the Emergency Measures in the Public Interest (Covid-19) Act 2020...

Written Answers — Department of Finance: Cybersecurity Policy (26 May 2021)

Paschal Donohoe: For operational security reasons, my Department is not in a position to provide any details of its data security systems or those of the bodies under its aegis, as it would be inappropriate to disclose information that may in any way assist those with malicious intent.

Written Answers — Department of Finance: Cybersecurity Policy (26 May 2021)

Paschal Donohoe: For operational security reasons, my Department is not in a position to provide any details of its data security systems, as it would be inappropriate to disclose information that may in any way assist those with malicious intent.

Written Answers — Department of Finance: Departmental Schemes (25 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 172 and 197 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 provides a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. In the case of...

Written Answers — Department of Finance: Financial Irregularities (25 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 173 and 174 together. I am advised by Revenue that the breakdown of the number of convictions under section 1078 of the Taxes Consolidation Act 1997 by tax head in respect of 2011 to 2020 inclusive, as set out in the following table: Year Income Tax VAT Corporation Tax PAYE Employer PAYE Relevant...

Written Answers — Department of Finance: EU Agreements (25 May 2021)

Paschal Donohoe: As the Deputy will be aware, EU leaders reached agreement in July 2020 on the Multiannual Financial Framework (MFF) and Next Generation EU (NGEU) package totalling €1.82 trillion. This is a good deal for Europe, and is an unprecedented response by the EU to assist with the impact of the Covid crisis. It is a strong signal that the EU is determined to chart the pathway to recovery...

Written Answers — Department of Finance: Tax Code (25 May 2021)

Paschal Donohoe: Ireland supports the EU list of non-cooperative tax jurisdictions which has proven to be a powerful tool to encourage countries around the world to implement globally agreed tax reform measures. Last year in Finance Act 2020 I introduced enhanced CFC (Controlled Foreign Company) Rules to apply to businesses in jurisdictions included in the EU list of harmful tax jurisdictions. Ireland,...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (25 May 2021)

Paschal Donohoe: To answer the Deputy's question, no end date for the Employment Wage Subsidy Scheme (EWSS) has been set as yet. The objective of the EWSS is to support all employment and maintain the link between the employer and employee insofar as is possible. The EWSS has been a key component of the Government’s response to the continued Covid-19 crisis to support viable firms and encourage...

Written Answers — Department of Finance: Banking Sector (25 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 to...

Written Answers — Department of Finance: Vehicle Registration Tax (25 May 2021)

Paschal Donohoe: I am advised by Revenue that vehicles are only de-registered and vehicle registration tax (VRT) repaid in very exceptional circumstances. This includes where the exceptional circumstances occur within seven working days of the date of registration and where the vehicle has not been licensed for use in a public place, i.e. road-tax has not been paid and, that the application for...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (25 May 2021)

Paschal Donohoe: The Financial Provisions (Covid-19) (No. 2) Act 2020 (Act No. 8 of 2020) provides for the introduction of the Employment Wage Subsidy Scheme (EWSS), which is an economy-wide enterprise support that gives a flat rate subsidy to qualifying employers based on the numbers of eligible employees on their payroll and the level of gross pay (to employees). The EWSS replaced the Temporary Wage Subsidy...

Written Answers — Department of Finance: Tax Code (25 May 2021)

Paschal Donohoe: In situations where a couple is cohabiting, rather than married or in a civil partnership, each partner is treated for the purposes of income tax as a separate and unconnected individual. Because they are treated separately for tax purposes, credits, tax bands and reliefs cannot be transferred from one partner to the other. The basis for the current tax treatment of married couples...

Written Answers — Department of Finance: Banking Sector (25 May 2021)

Paschal Donohoe: As the Deputy will be aware, the main activity of IIB Homeloans Ltd. was the assessment, underwriting and management of residential mortgage backed credit facilities to retail customers. - This entity was regulated as a multi-agency intermediary under the Investment Intermediaries Act, 1995, from 1 July 2001 until 7 June 2005. - It was regulated as a retail credit firm from 1 June 2008...

Written Answers — Department of Finance: Stability and Growth Pact (25 May 2021)

Paschal Donohoe: The EU's fiscal rules, as set out in the Stability and Growth Pact (SGP), are an integral part of the EU’s broader economic governance framework. The key components of the fiscal rules are a 3 per cent of GDP threshold for the headline deficit, a 60 per cent debt-to-GDP threshold, a balanced budget after adjusting for the economic cycle (measured by the structural balance) and the...

Written Answers — Department of Finance: Departmental Schemes (25 May 2021)

Paschal Donohoe: Section 477C of the Taxes Consolidation Act 1997 requires that applicants for the Help to Buy Scheme (HTB) must be first-time buyers. This includes circumstances where there is more than one person involved in the purchase or building of a new home. The definition of first time buyer in Help to Buy is as follows: 'first-time purchaser' means an individual who, at the time of a claim under...

Written Answers — Department of Finance: Public Sector Staff (25 May 2021)

Paschal Donohoe: The staff of my Department are paid in line with Government pay policy. I wish to advise the Deputy that there are 6 civil servants in my Department who's salaries are less than the living wage of €12.30 per hour. To increase all 6 officers' salary to the living wage would cost a total of approximately €4,400 per annum. It should be noted that 5 of these officers will move...

Written Answers — Department of Finance: Cabinet Committees (25 May 2021)

Paschal Donohoe: The Government has prioritised the reform of the insurance sector in order to improve the cost and availability of this key financial service, including for businesses. The Action Plan for Insurance Reformsets out 66 actions in this regard across several policy areas, including my Department, with 95% due to be completed by the end of 2021. The Sub-Group of the Cabinet Committee on Economic...

Written Answers — Department of Finance: Tax Reliefs (25 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 187 and 192 together. I am advised by Revenue that since 1 November 2016 a partial relief from Solid Fuel Carbon Tax (SFCT) applies to biomass products. Biomass products are defined as 'any solid fuel product with a biomass content of 30 per cent or more'. The current rates of relief applicable to solid fuel products containing biomass are as follows: ...

Written Answers — Department of Finance: Tax Yield (25 May 2021)

Paschal Donohoe: I understand the Deputy is seeking information relating to the rate of tax paid on rental income by companies, Real Estate Investment Trusts (REITs), Irish Real Estate Funds (IREFs) and any other fund model which may earn rental income on Irish property. I am advised by Revenue that they cannot provide a breakdown of taxable profits relating to Irish property investment between profits...