Results 8,561-8,580 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Investigations (5 May 2021)

Paschal Donohoe: The Department of Finance is a high performing professional organisation which operates to the highest standards. To ensure the Department achieves priority outcomes the aim is to sustain and foster a culture and related values that exemplify ethical behaviour and effective governance. These shared values drive behaviour and define a culture that support the efforts to deliver the mission in...

Written Answers — Department of Finance: Wage Subsidy Scheme (5 May 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which operated from 26 March 2020 to 31 August 2020 provided income support to eligible employees whose employers were negatively affected by the COVID-19 pandemic. The scheme was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. Under the scheme, employers were expected to make best efforts to maintain their...

Written Answers — Department of Finance: Banking Sector (5 May 2021)

Paschal Donohoe: It is important to highlight that, as Minister for Finance, I have no role to play in negotiations between KBC Group and Bank of Ireland which could see the latter party acquiring substantially all of KBC’s Irish business. Nor do I have a role in approving any deal that may be agreed between the two parties. Although the State has a 14% minority shareholding in Bank of Ireland,...

Written Answers — Department of Finance: Wage Subsidy Scheme (5 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-19 pandemic on the economy. The very latest data from Revenue indicate that over 66,600 employers were supported through the TWSS in respect of more...

Written Answers — Department of Finance: Banking Sector (5 May 2021)

Paschal Donohoe: The retail financial services sector is undergoing a major period of change. In the last two months, we have seen several major announcements including the withdrawal of Ulster Bank and the potential withdrawal of KBC Bank Ireland, the forthcoming closure of a large number of bank branches by Bank of Ireland and a much smaller number by AIB. The sector is facing a number of long...

Written Answers — Department of Finance: Charitable and Voluntary Organisations (5 May 2021)

Paschal Donohoe: I can advise the Deputy that my Department has no oversight of the funding provided to the NGO and charity sector per annum. 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: Charitable and Voluntary Organisations (5 May 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department has no record of any funding being provided by it to the NGO and charity sector in the years 2000 to 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: Charitable and Voluntary Organisations (5 May 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department has no record of any funding being provided by it to the NGO and charity sector in the years 2010 to 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: Departmental Legal Costs (5 May 2021)

Paschal Donohoe: It has not been possible in the time available to compile all the information required. However my officials will follow up with the Deputy in writing.

Written Answers — Department of Finance: Value Added Tax (5 May 2021)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of which Member States may apply a...

Written Answers — Department of Finance: Insurance Industry Regulation (5 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 222, 223, 224, 225 and 226 together. At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal and policy framework governing financial regulation. As such, my Department does not collect the type of information being sought by the Deputy. Nonetheless, in response to the Deputy’s question, my...

Written Answers — Department of Finance: Value Added Tax (29 Apr 2021)

Paschal Donohoe: In recognition of the unprecedented challenges facing the sector, I provided for a reduction in the VAT rate for the hospitality sector, including hairdressing services, in Budget 2021. The rate was reduced from 13.5% to 9% from 1 November 2020 to 31 December 2021.  Those changes introduced in the context of the pandemic are kept under review by my Department. Separately, tax changes...

Written Answers — Department of Finance: Wage Subsidy Scheme (29 Apr 2021)

Paschal Donohoe: The objective of the Employment Wage Subsidy Scheme (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 employment in the midst of these very challenging times. As of the week ending 23...

Written Answers — Department of Finance: Tax Yield (29 Apr 2021)

Paschal Donohoe: On 21stJuly 2020, Heads of State and Government reached agreement on the Post-2020 Multiannual Financial Framework (MFF) and Next Generation EU (NGEU), totalling €1.82 trillion. The agreement by leaders also made a number of changes to the current system of Own Resources, including the introduction of a plastic-based contribution based on non-recycled plastic packaging. The plastic...

Written Answers — Department of Finance: Value Added Tax (29 Apr 2021)

Paschal Donohoe: Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate, which in Ireland is 23%. Parts or accessories are also liable to VAT at the standard rate. There is no provision under existing VAT law that would make it possible to apply a reduced rate or zero rate to the supply of such products. Under the EU VAT Directive, Member States may retain the zero...

Written Answers — Department of Finance: Wage Subsidy Scheme (29 Apr 2021)

Paschal Donohoe: Revenue is statutorily bound to confidentiality in respect of taxpayer information. Section 851A of the Taxes Consolidation Act 1997 formalises taxpayer confidentiality and reassures taxpayers that their personal and commercial information disclosed to Revenue for tax purposes is protected against unauthorised disclosure by Revenue to third parties.  Therefore, Revenue is precluded...

Written Answers — Department of Finance: Insurance Costs (29 Apr 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. In this regard the Action Plan for Insurance Reform sets out 66 actions across several policy areas, including my Department, with 95% due to be completed by the end of 2021. At its most recent quarterly meeting in...

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

Paschal Donohoe: From 1 January 2021, Irish businesses must comply with customs formalities when moving goods to, from or through the UK (excluding Northern Ireland). The legal basis for these formalities are set out in the Trade and Cooperation Agreement agreed between the EU and the UK in December last year, in the Union Customs Code which governs the customs requirements for trade with non-EU countries and...

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

Paschal Donohoe: The estimated yield from the annual increase in the carbon tax is not included in the tax revenue forecast in the Draft Stability Programme Update (SPU). There are two reasons for this. Firstly, the expenditure estimates in the SPU were compiled on a technical basis with expenditure ceilings assumed to rise by 3.5 per cent annually. There were no further adjustments other than an assumed...

Written Answers — Department of Finance: Departmental Staff (28 Apr 2021)

Paschal Donohoe: I wish to advise the Deputy that arrangements for the filling of the Secretary General, Department of Finance post are a matter for the Government. The post will not come within the remit of the Top Level Appointments Committee (TLAC) but appointment to this post will take account of the key competencies that have been developed for use by TLAC for Secretary General Posts. Leadership...