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Written Answers — Department of Finance: Departmental Legal Cases (13 Jul 2021)

Paschal Donohoe: The Minister for Finance is named as a party to a large number of cases. In many instances, these cases are dealt with by the Chief State Solicitor's Office or the State Claims agency without requiring direct input from this Department, particularly where another Department is the relevant lead Department. Details of the total number of cases to which the Minister is a party are not...

Written Answers — Department of Finance: Financial Services (13 Jul 2021)

Paschal Donohoe: The term “Exchange Traded Fund” or “ETF” is a general investment industry term that refers to a wide range of investments. ETF investments can take many different legal and regulatory forms even where they are established within the same jurisdiction. An ETF is an investment fund that is traded on a regulated stock exchange. A typical ETF can be compared to a...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (13 Jul 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...

Saincheisteanna Tráthúla - Topical Issue Debate: Defective Building Materials (8 Jul 2021)

Paschal Donohoe: I thank Deputy Crowe. Some of the very important issues he raised are outside the remit of the answer I have been able to give him. I know the Minister, Deputy O'Brien, will be well aware of the issues raised by the Deputy on behalf of his constituents. I will engage with the Minister, as the Deputy has been doing. The Finance (Local Property Tax) (Amendment) Bill 2021, which will be in...

Saincheisteanna Tráthúla - Topical Issue Debate: Defective Building Materials (8 Jul 2021)

Paschal Donohoe: I thank the Deputy for raising what I know is a very serious matter. I have experience of this issue from working with colleagues in trying to respond to the huge stress and anxiety that I know has been caused to many homeowners in Deputy Crowe's county and in counties Donegal and Mayo because of the damage that was done to their homes due to the presence of pyrite. The case at the...

Finance (Local Property Tax) (Amendment) Bill 2021: Motion (8 Jul 2021)

Paschal Donohoe: I move: That initiation of the Finance (Local Property Tax) (Amendment) Bill 2021 may proceed pursuant to Standing Order 174 notwithstanding that pre-legislative consideration of the Bill pursuant to Standing Order 173 has not been completed.

Business of Dáil: Motion (8 Jul 2021)

Paschal Donohoe: I move: That, notwithstanding the Order of Business of Tuesday, No. 9a, motion regarding the Finance (Local Property Tax) (Amendment) Bill 2021, shall be taken now and that any division demanded thereon shall be taken immediately.

Written Answers — Department of Finance: Covid-19 Pandemic (8 Jul 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 unless they fall within categories of goods and services specified in the Directive in respect of which Member States may apply a lower rate or exempt from...

Written Answers — Department of Finance: Housing Policy (8 Jul 2021)

Paschal Donohoe: Housing policy is a matter in the first instance for my colleague, the Minister for Housing, Local Government and Heritage, Darragh O'Brien. My Department does not, currently, have any measure in place which seeks to address the issue raised by the Deputy. As the Deputy will be aware, work is advancing on the development of a comprehensive Housing for All Strategy. This work is being led by...

Written Answers — Department of Finance: Departmental Schemes (8 Jul 2021)

Paschal Donohoe: I do not currently have plans to reinstate the Home Renovation Incentive. The Home Renovation Incentive (HRI) provided tax relief by way of an income tax credit on repair, renovation or improvement works on principal private residences or rental properties carried out by tax compliant contractors. It was introduced in 2014 at a time when there was considerable loss of employment within...

Written Answers — Department of Finance: Departmental Schemes (8 Jul 2021)

Paschal Donohoe: The Business Resumption Support Scheme is a new scheme for vulnerable but viable businesses, particularly in sectors that were significantly impacted throughout the pandemic, even during periods when restrictions were eased. The BRSS and its eligibility criteria are provided for in section 5 of the Finance (Covid-19 and Miscellaneous Provisions) Bill 2021 currently before the Oireachtas. The...

Written Answers — Department of Finance: Financial Services (8 Jul 2021)

Paschal Donohoe: The Deputy will appreciate that it would not be appropriate for me or for the Central Bank to comment on the Bank's engagement with individual firms. By way of providing context, however, I would say that the authorisation or “gatekeeper” process is an important part of how the Central Bank regulates financial services providers and works to protect consumers and...

Written Answers — Department of Finance: Insurance Industry (8 Jul 2021)

Paschal Donohoe: At the outset, it is important to note that neither the Minister for Finance, nor the Central Bank of Ireland have any influence over the pricing or provision of insurance products, as this is a commercial matter. This position is reinforced by the EU legislative framework for insurance (the Solvency IIDirective). Having said that, the Government is acutely aware of the concerns felt by many...

Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Committee and Remaining Stages (7 Jul 2021)

Paschal Donohoe: -----have already been delivered by a strengthened Government putting more money into the provision of homes directly.

Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Committee and Remaining Stages (7 Jul 2021)

Paschal Donohoe: No, it is not agreed. I know the Opposition Members are all in favour of their views being heard but if they could do me the courtesy of one more minute, I would be very happy to allow the vote to happen. If the Leas-Cheann Comhairle will allow me a further minute to conclude I will conclude my speech to facilitate a vote taking place.

Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Committee and Remaining Stages (7 Jul 2021)

Paschal Donohoe: How much time is left?

Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Committee and Remaining Stages (7 Jul 2021)

Paschal Donohoe: I have heard the Opposition make claims about ordinary people and families and their needs being met. In supporting this amendment, I am motivated by the risk that 2,500 families would not have their social housing needs met without this change. The Opposition's approach is putting their dreams and needs at risk in relation to social housing.

Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Committee and Remaining Stages (7 Jul 2021)

Paschal Donohoe: A Chathaoirligh, could you inform me how much time I have left, please?

Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Committee and Remaining Stages (7 Jul 2021)

Paschal Donohoe: Thank you, a Chathaoirligh, for clarifying that. I have heard many claims from the Opposition this evening about housing policy and about what my Government's motivation is in how we can supply and build more homes for our citizens, particularly those who need them the most. I have heard the Opposition look to paint many pictures with their words as to what is behind this amendment and...

Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Committee and Remaining Stages (7 Jul 2021)

Paschal Donohoe: I thank Deputies Boyd Barrett, Mattie McGrath and Danny Healy-Rae for the issues they have raised. I will respond to the issues raised by Deputy Boyd Barrett first. On the business restrictions support scheme that is being introduced, a broader group of occupations is included in it, provided that recipients meet certain criteria in relation to their level of trading. That does include...

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