Results 8,581-8,600 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Coverage (28 Apr 2021)

Paschal Donohoe: I note that the details supplied relate to difficulties in acquiring insurance for a hackney. While I have regard for the circumstances in question, as the Deputy will appreciate, I cannot comment on individual cases. Furthermore, neither I, nor the Central Bank of Ireland, can compel any insurer operating in the Irish market to provide cover to specific individuals or groups. This position...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (28 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 261 to 264, inclusive, together. 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....

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

Paschal Donohoe: Section 473A of the Taxes Consolidation Act 1997 provides for income tax relief in respect of qualifying tuition fees paid by an individual for a third level education course (including a postgraduate course), subject to the conditions set out in that section. The relief is granted at the standard rate of income tax (currently 20%), where an individual pays “qualifying fees” for...

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

Paschal Donohoe: I propose to take Questions Nos. 266, 269 and 275 together. 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...

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

Paschal Donohoe: The Carbon Tax rate will increase each year for the next 10 years based on a programme of changes in the amount charged for carbon emissions, starting from the current level of €33.50 per tonne of CO2 and concluding at €100 per tonne of CO2 in 2030. Revenue’s Ready Reckoner shows a wide range of detailed information in relation to potential tax changes, including on page...

Written Answers — Department of Finance: Pensions Reform (28 Apr 2021)

Paschal Donohoe: The European Commission proposal for a Pan-European Personal Pension Product (PEPP) was adopted by Council in 2019. Separately, the Level 2 Regulatory Technical Standards were approved by Council and published on 22 March 2021. Accordingly, the Regulation will enter into application by 22 March 2022 - a year following the technical standards publication. The Pensions Policy Unit within...

Written Answers — Department of Finance: Pension Provisions (28 Apr 2021)

Paschal Donohoe: I am aware of a number of reports into charges applied to pension plans. However, while I understand a document on charges has been recently reported on, to date such a document has not been submitted to my Department and as such I cannot comment on its content. Having said that, as Minister for Finance my role in the pension policy space primarily relates to the provision of tax relief...

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

Paschal Donohoe: Excise Receipts by Commodity are published on the website of the Office of the Revenue Commissioners. The Carbon Tax paid in respect of Marked Gas Oil (green diesel) in each of the years 2015 to 2019 is available under this publication which can be accessed at the address below: The provisional Carbon Tax receipt amount for 2020 is €65.1 million. This amount may be subject to adjustment.

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

Paschal Donohoe: I am advised by Revenue that on their website they provide a Ready Reckoner which shows a wide range of detailed information in relation to potential tax changes. The Ready Reckoner shows projected Exchequer costs and yields of potential tax changes, including on page 6, estimated increases to the Standard Rate Cut Off points for income tax in tabular form. The Revenue Ready Reckoner is...

Written Answers — Department of Finance: Insurance Coverage (28 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 273, 277 and 282 together. 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. This position is reinforced by the EU framework for insurance (the...

Written Answers — Department of Finance: Help-To-Buy Scheme (28 Apr 2021)

Paschal Donohoe: I am advised by Revenue that detailed monthly statistics are published on the Help to Buy (HTB) scheme, available at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/htb/htb-monthly.aspx. These statistics include the numbers of applications and claims. They are updated monthly. An extract of the relevant statistics is presented in the table below: ...

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

Paschal Donohoe: From 1stJanuary 2021, following the last Finance Bill, menstrual cups have a reduced VAT rate of 13.5% applied to them. As the Deputy may be aware, Ireland is the only country in the EU which applies a zero rate of VAT to period products. This was the rate that applied in 1991 and we have been able to maintain that rate under the provisions of the EU VAT Directive that allow for a zero rate...

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

Paschal Donohoe: Following approval of the Finance Act 2020, which provides for the medical criteria for the Disabled Drivers Scheme in primary legislation, a comprehensive review of the scheme, to include a broader review of mobility supports for persons with disabilities and the criteria for qualification for the Scheme, will be conducted this year. On foot of that review new proposals will be brought...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Apr 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. Details of CRSS are set out in Finance Act 2020 and detailed operational guidelines, which are based on the terms and conditions of the scheme as set out in the legislation, have been published on the...

Written Answers — Department of Finance: Credit Unions (28 Apr 2021)

Paschal Donohoe: The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within his independent regulatory discretion, the Registrar acts to support the prudential soundness of individual credit unions, to maintain sector stability and to protect the savings of credit union members. The Central Bank have informed me that a body of appeal is...

Written Answers — Department of Finance: Credit Unions (28 Apr 2021)

Paschal Donohoe: The Government acknowledges the important work credit unions are doing to support communities throughout Ireland at this difficult time and recognises the key role that credit unions play in local communities across Ireland. The Minister of State in my Department, Sean Fleming TD, has credit unions as part of his remit.  While recent high profile departures from the...

Written Answers — Department of Finance: Insurance Industry (28 Apr 2021)

Paschal Donohoe: As the Deputy will be aware, in line with the EU Solvency II Directive insurance framework, I cannot compel any insurer operating in the Irish market to provide refunds to their customers, as this is a commercial matter. Nevertheless, working to protect insurance policyholders during and after the COVID-19 crisis, with particular emphasis on motor insurance rebates, remains a priority issue...

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

Paschal Donohoe: I propose to take Questions Nos. 284, 285, 286 and 287 together. I am advised by Revenue that it supports a strong culture of voluntary compliance through its comprehensive, risk-based approach to compliance management and is committed to tackling non-compliance in all its forms. Revenue uses a broad range of data, intelligence and analytical tools and technologies to identify and quantify...

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

Paschal Donohoe: There are 17 bodies under the aegis of my Department. Of these, the Central Bank, the Financial Services and Pensions Ombudsman, Home Finance Building Ireland, the Irish Financial Services Appeals Tribunal, the National Asset Management Agency, the National Treasury Management Agency, the Office of the Comptroller and Auditor General, the Office of the Revenue Commissioners, the Strategic...

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

Paschal Donohoe: There are 17 bodies under the aegis of my Department, of which the following have advised they are fully or partially compliant with the web accessibility directive: The Central Bank website is partially compliant with accessibility requirements and their accessibility statement will shortly be updated; this will include information on the areas of focus to ensure compliance.  While the...