Results 8,601-8,620 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Irish Language (28 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 290 and 291 together. In line with our obligations under section 11 of the Official Languages Act 2003, my Department currently has a Third Irish Language Scheme 2018-2021 in place. Our Fourth Irish Language Scheme 2021-2024 is currently in the final stages of preparation before being confirmed by the Minister of State at the Department of Tourism, Culture,...

Written Answers — Department of Finance: Mortgage Lending (28 Apr 2021)

Paschal Donohoe: The Central Bank has advised that its website sets out information on the types of entities which require an authorisation to provide credit, including mortgages, to consumers in the State such as credit institutions, credit unions and retail credit firms. It also sets out information on entities which require an authorisation to advise on and intermediate between mortgage credit...

Written Answers — Department of Finance: Budget Process (28 Apr 2021)

Paschal Donohoe: As the Deputy will be aware, the Budget is presented to the Oireachtas, in advance of its submission to the European Commission, before the 15thOctober deadline each year.  In practice, Budget Day has taken place over the past number of years on a day, as agreed upon by Government, during the first half of October and I expect this year to be no different.  The date on which the...

Written Answers — Department of Finance: Programme for Government (28 Apr 2021)

Paschal Donohoe: As stated in the Programme for Government, the Government recognises the importance of regular and open engagement with all sectors of society. This is particularly important as we steer our way out of the pandemic, rebuild our economy, and support communities that have been severely impacted by Covid-19. The Department of the Taoiseach has led in this regard, taking a number of steps...

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

Paschal Donohoe: At the outset, the Deputy should note that as Minister for Finance, I am not responsible for the operation of the Declined Cases Agreement (DCA) and as such do not have direct access to the data that is being requested. The DCA is operated independently by Insurance Ireland. However, my Department does attend the Declined Cases Committee Annual General Meeting (AGM) as an observer. This arose...

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

Paschal Donohoe: Deputy, the following table provides details of procurements undertaken by my Department as a direct consequence of the COVID 19 Pandemic in the period from March 2020 to date.   Name of Contractor Description of Procurement € Contract Value (VAT exclusive) Digital River Ireland Limited Webex Licence software platforms...

Written Answers — Department of Finance: Public Consultation Process (28 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 297 and 303 together. The Commission on Taxation and Welfare is being established to independently consider how best the taxation and welfare systems can support economic activity and promote increased employment and prosperity while ensuring that there are sufficient resources available to meet the costs of the public services and supports in the medium and...

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

Paschal Donohoe: The Debt Warehousing Scheme remains available to support businesses that are experiencing tax payment difficulties arising from the COVID-19 pandemic. The scheme applies to VAT debts, PAYE (Employer) debts, self-assessed income tax amounts (balance of 2019 income tax liability and 2020 preliminary tax) and Temporary Wage Subsidy Scheme (TWSS) overpayments. Approximately 85,000 businesses are...

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

Paschal Donohoe: The Deputy will recall that last week, in response to a question from him along similar lines, I provided an answer to the first part of his query.  As noted by him, the Stay and Spend Tax Credit scheme is scheduled to terminate at the end of this month.  While I am very mindful of the significant difficulties that remain to be faced by the hospitality sector, I have made...

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

Paschal Donohoe: The amount spent by my Department on public relations advice and media advice since January 2020 to date in 2021; and the companies engaged for this advice is outlined in the following table: - Date Commenced Amount in € Companies Engaged January 2020 (payment is for January 2020 – contract ran from August 2019 with payments being...

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

Paschal Donohoe: The amount spent by my Department on advertising and public messaging in print, broadcast and online since January 2020 to date in 2021 is outlined in the following table: - Date Commenced Amount In € Companies Engaged Description Of Services: November 2020 €673.61 [vat exclusive] €815.07 [vat inclusive] ...

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

Paschal Donohoe: I am advised by Revenue that the estimated revenue generated from a rate of 40% on capital gains for individuals with various income thresholds is as set out in the table below. The yield shown is based on income and Capital Gains Tax (CGT) returns for the tax year 2018, the latest year for which full income information is available. The estimates assume no change in behaviour by...

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

Paschal Donohoe: I wish to inform the Deputy that my Department does not own any vehicles. There are 17 bodies under the aegis of my Department, 3 of which own vehicles. These are the Central Bank, the National Treasury Management Agency (NTMA) and the Office of the Revenue Commissioners. The Central Bank has provided a high level estimate of €175k to replace 5 petrol and diesel vehicles with...

Committee on Budgetary Oversight: Draft Stability Programme Update: Engagement with Minister for Finance (27 Apr 2021)

Paschal Donohoe: I thank the Chairperson. I am pleased to have the opportunity to be here today to discuss the draft stability programme update, SPU. The SPU sets out the Government’s macroeconomic and fiscal forecasts for Ireland for the next five years. It will be submitted to the European Commission later this month. At the outset, I stress that this is a purely technical document, with the...

Committee on Budgetary Oversight: Draft Stability Programme Update: Engagement with Minister for Finance (27 Apr 2021)

Paschal Donohoe: I thank the Deputy for his questions. Far from the Government looking to punish any parts of society or any citizens, the approach of the Government has been to sustain society while we have all been grappling with an economic crisis that has its origins in health and public health. That is why the Government has had the PUP in place for so long. We have sustained a higher level of income...

Committee on Budgetary Oversight: Draft Stability Programme Update: Engagement with Minister for Finance (27 Apr 2021)

Paschal Donohoe: A key feature of where we have been economically is that the country has been able to fund what we have done in the past year for two reasons. First, it is due to the support of the European Central Bank, ECB, and, second, when we came into this crisis, what we were collecting in taxation was approximately equal to what we were spending. Our national finances were in a position of broad...

Committee on Budgetary Oversight: Draft Stability Programme Update: Engagement with Minister for Finance (27 Apr 2021)

Paschal Donohoe: I thank the Deputy for his kind words. It is a challenge that we will face, as will every other economy that has been closed for a period and is beginning the process of reopening. In terms of where we are now, if he looks at where we were in 2020, we estimate that our household savings ratio, that is, the portion of income that is not being consumed, reached almost 24% across that year....

Committee on Budgetary Oversight: Draft Stability Programme Update: Engagement with Minister for Finance (27 Apr 2021)

Paschal Donohoe: We implemented much of what was proposed by the group in the Finance Bill. There were some very small elements of what it proposed that we did not go with because I had a concern about the proportionality of it but the vast majority of what the TSG proposed in respect of the taxation of vehicles was implemented. In parallel to that we have expected increases in carbon taxation, which are...

Committee on Budgetary Oversight: Draft Stability Programme Update: Engagement with Minister for Finance (27 Apr 2021)

Paschal Donohoe: I believe that the figure for 2022 is actually €4 billion. The Government has not yet made a decision on the composition of that. That will have to be made on budget day. The Minister for Public Expenditure and Reform will have to engage with different Ministers regarding the composition of that for next year.

Committee on Budgetary Oversight: Draft Stability Programme Update: Engagement with Minister for Finance (27 Apr 2021)

Paschal Donohoe: That is correct and that is a corollary of the fact that the SPU is prepared on a no policy change basis. Currently, we have only made decisions on the PUP up to the end of this year so any decision on the payment for the rest of this year and even for next year will change those figures.