Results 8,521-8,540 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Schemes (12 May 2021)

Paschal Donohoe: Ireland has traditionally been a strong supporter of sustainable finance initiatives, and the Irish Government has long recognised the need for action on these initiatives both to take advantage of the associated opportunities and to address the need for transition from unsustainable practices. Reflecting this, sustainable finance is a specific horizontal priority within the...

Residential Property Market: Motion [Private Members] (11 May 2021)

Paschal Donohoe: I thank the Acting Chair for the opportunity to respond to the different points made, and, indeed, to respond to some of the charges made against the Government, my party and the Ministers working on responding to the great challenge we face. Let me begin by making it completely clear where this Government and I stand and where previous Governments have stood, and whose side we are on....

Written Answers — Department of Finance: Covid-19 Pandemic Supports (11 May 2021)

Paschal Donohoe: The 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 to tax under Case I of Schedule D,...

Written Answers — Department of Finance: Tax Collection (11 May 2021)

Paschal Donohoe: In the case of a person who lives in Ireland but who works in another jurisdiction, the general tax position is that, as an Irish resident, they would be subject to Irish tax on their worldwide income from any source, including the employment exercised outside of the State. At the same time, the employment may also be subject to tax in the country in which the work is carried out. In...

Written Answers — Department of Finance: Mortgage Lending (11 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: Departmental Schemes (11 May 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive was introduced in 2017. The measure is currently scheduled to expire on 31 December 2021. HTB gives 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. An increase in the supply of new housing remains a priority aim of Government policy. The HTB scheme is...

Written Answers — Department of Finance: Banking Sector (11 May 2021)

Paschal Donohoe: Last month, KBC confirmed that it has entered into a Memorandum of Understanding with Bank of Ireland, which could potentially lead to a transaction where Bank of Ireland acquires a substantial amount of KBC Bank Ireland’s performing loan assets and liabilities. KBC has stated that it is also reviewing its options to divest KBC Bank Ireland’s remaining non-performing mortgage...

Written Answers — Department of Finance: Banking Sector (11 May 2021)

Paschal Donohoe: The Central Bank has advised that it does not comment on the commercial decisions of individual regulated entities. Where a loan is sold or transferred to another regulated entity, it will be subject to the terms of the credit agreement and the protections that were available to borrowers prior to the transaction will also continue to be in place with the new owner. It is worth noting that...

Written Answers — Department of Finance: Tax Reliefs (11 May 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020. It was legislated for in Section 28 of the Emergency Measure in the Public Interest (Covid-19) Act 2020 and was an emergency measure to deal with the impact of the Covid-a9 pandemic on the economy. Over 66,600 employers were supported through the TWSS in respect of more than 664,500 employees at a cost of €2.8bn....

Written Answers — Department of Finance: Tax Reliefs (11 May 2021)

Paschal Donohoe: Finance Act 2008 introduced the Accelerated Capital Allowance (ACA) scheme for Energy Efficient Equipment (EEE). The purpose of the scheme is to improve the overall energy efficiency of Irish businesses, and thereby to aid Ireland in meeting our national targets and binding and non-binding EU targets on energy savings and the reduction of carbon emissions The ACA scheme is based on the...

Written Answers — Department of Finance: Departmental Funding (11 May 2021)

Paschal Donohoe: I wish to inform the Deputy that neither my Department, nor any of the bodies under the aegis of my Department, has allocated funding to An Taisce during the specified timeframe.

Written Answers — Department of Finance: Tax Reliefs (11 May 2021)

Paschal Donohoe: The Deputy will be aware that a company may claim capital allowances on capital expenditure it incurs on certain types of business assets and business premises. Capital allowances are generally calculated on the net cost of the business asset. There are different rates available depending on the type of asset such as on plant and machinery, motor vehicles, industrial buildings, transmission...

Written Answers — Department of Finance: Real Estate Investment Trusts (11 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 232, 246, 247 and 248 together. Finance Act 2013 introduced the regime for the operation of Real Estate Investment Trust companies (REITs) in Ireland. The purpose of the REIT regime is to allow for a collective investment vehicle which provides a comparable after-tax return to investors to direct investment in rental property, by eliminating the double...

Written Answers — Department of Finance: Tax Exemptions (11 May 2021)

Paschal Donohoe: Investment funds are a long term presence in the Irish market, as in most other property markets. As with investment funds generally, tax occurs primarily at the level of the investor rather than within the fund. Additionally, in the case of both Irish Real Estate Funds (IREFs) and Real Estate Investment Trust companies (REITs), withholding taxes apply on distributions to investors to ensure...

Written Answers — Department of Finance: Mortgage Lending (11 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: Financial Irregularities (11 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 235 and 236 together. I am advised by Revenue that where suspected serious tax offences under section 1078 of the Taxes Consolidation Act 1997 are identified through Revenue’s various compliance programme, such cases are considered for investigation with a view to prosecution. Where sufficient levels of proof and evidence are obtained, a file is...

Written Answers — Department of Finance: Interest Rates (11 May 2021)

Paschal Donohoe: I have no role in the day to day operations of any bank operating within the State including banks in which the State has a shareholding. Decisions in relation to commercial matters such as the application of interest rate charges are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. I am advised by the Central Bank...

Written Answers — Department of Finance: Mortgage Lending (11 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: Departmental Funding (11 May 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department has no record of any funding being provided by it to non-governmental organisations in 2020. I wish to note that my response refers only to Department of Finance records and I cannot comment on behalf of other Government Departments.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (11 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...