Results 8,721-8,740 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Economic Policy (21 Apr 2021)

Paschal Donohoe: Country Specific Recommendations (CSRs) provide individual tailored guidance to Member States on macro-economic, budgetary and structural policies in accordance with Articles 121 and 148 of the Treaty on the Functioning of the European Union (TFEU). These recommendations, issued by the European Commission as part of the framework of the European Semester for economic governance, are aimed...

Written Answers — Department of Finance: Tax Collection (21 Apr 2021)

Paschal Donohoe: I am advised by Revenue that the quickest and easiest way for taxpayers to manage their tax filing and tax payment obligations is through the online services at www.revenue.ie., using the myAccount facility for PAYE taxpayers and the Revenue Online Service (ROS) for business/self-assessed taxpayers. While most self-assessed taxpayers are mandatory ‘e-filers’ and are therefore...

Written Answers — Department of Finance: Insurance Industry (21 Apr 2021)

Paschal Donohoe: I note that the details supplied relate to claims of a particular insurance firm. While I cannot adjudicate on the matter raised, I welcome the legal certainty provided by the recent High Court judgment relating to the claimants. I also welcome that the particular company indicated that it will not appeal the judgment of the High Court; will pay valid claims; and endeavour to process claims...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Apr 2021)

Paschal Donohoe: I am aware of concerns that have been raised regarding the pace of recovery for certain sectors, and that it has been suggested that the level of support be increased and/or that the application of some of the new State supports should be delineated on the basis of explicit sectoral qualification criteria. However, the reality of COVID-19 is that our whole economy and labour market have been...

Written Answers — Department of Finance: Help-To-Buy Scheme (21 Apr 2021)

Paschal Donohoe: The definition of first time buyer in the legislation governing the Help-to-Buy (HTB) scheme is as follows: " first-time purchaser' means an individual who, at the time of a claim under subsection (3) has not, either individually or jointly with any other person, previously purchased or previously built, directly or indirectly, on his or her own behalf a dwelling;" . The intention is to...

Written Answers — Department of Finance: Tax Data (21 Apr 2021)

Paschal Donohoe: I propose to take Questions Nos. 526 and 527 together. Revenue publishes an annual Cost of Tax Expenditures table, which shows the cost and numbers availing of a wide range of expenditures. I am advised by Revenue that it is available at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/costs-expenditures.aspx This table includes the following: - Approved...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Apr 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 Scheme operated until 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September...

Written Answers — Department of Finance: Mortgage Insurance (21 Apr 2021)

Paschal Donohoe: Since the onset of COVID-19 in particular, I am aware of reports of some customers experiencing difficulties in obtaining mortgage protection cover as a result of having conditions deemed to be of a higher risk. As the Deputy will appreciate, while I have sympathy for the situation detailed, neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance...

Written Answers — Department of Finance: Mortgage Lending (21 Apr 2021)

Paschal Donohoe: I am advised by the Central Bank consistently reviews the regulatory framework to ensure it is fit for purpose. In this context, the Central Bank advocated for a legislative regime whereby customers would be protected regardless of whether their loan was held by a bank or a non-bank. As the Deputy is aware, the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 brought...

Written Answers — Department of Finance: National Asset Management Agency (21 Apr 2021)

Paschal Donohoe: As the Deputy may be aware, National Asset Residential Property Services DAC (NARPS) is a NAMA subsidiary which operates by purchasing suitable residential units directly from NAMA debtors and receivers and leasing them on to Local Authorities or Approved Housing bodies for social housing use. As regards the future plans for NARPS, the Deputy will note the recommendation regarding NARPS...

Written Answers — Department of Finance: Banking Sector (21 Apr 2021)

Paschal Donohoe: As the Deputy will be aware, the Programme for Government includes a commitment to introduce a Senior Executive Accountability Regime (SEAR). SEAR will drive positive changes in terms of culture, greater delegation of responsibilities, and enhanced accountability while simplifying the taking of sanctions against individuals who fail in their financial sector roles. My officials are engaging...

Written Answers — Department of Finance: Mortgage Lending (21 Apr 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: Covid-19 Pandemic Supports (21 Apr 2021)

Paschal Donohoe: I assume the Deputy is seeking the total expenditure on the Employment Wage Subsidy Scheme (EWSS) and its predecessor, the Temporary Wage Subsidy Scheme (TWSS) since March 2020 and I will answer as such. The TWSS was in place for 22 weeks between 26 March and 31 August 2020. It was introduced as an emergency income support for employees of vulnerable firms whose businesses had been...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Apr 2021)

Paschal Donohoe: The legislative basis for the Covid Restrictions Support Scheme (CRSS) is provided by Section 11 of the Finance Act 2020 and is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities the profits of which are chargeable to tax under Case 1 of Schedule D. A qualifying business must operate from a premises located in a region that is...

Written Answers — Department of Finance: Tax Collection (21 Apr 2021)

Paschal Donohoe: The vacant site levy falls within the area of responsibility of the Minister for Housing, Local Government and Heritage and is not a matter for the Minister for Finance. In relation to a site value tax, the 2012 report of the Inter-departmental Group on the Design of a Local Property Tax comprehensively examined the basis of assessment for the Local Property Tax (LPT), including both the...

Written Answers — Department of Finance: Appointments to State Boards (21 Apr 2021)

Paschal Donohoe: The State Boards under the remit of my Department are the Central Bank Commission, the Credit Union Restructuring Board, the Financial Services and Pensions Ombudsman, Home Building Finance Ireland, the Irish Fiscal Advisory Council, the National Asset Management Agency, the National Treasury Management Agency and the Strategic Banking Corporation of Ireland. It should be noted that having...

Written Answers — Department of Finance: Customs and Excise (21 Apr 2021)

Paschal Donohoe: I am advised by Revenue that the receipts from Betting Duty in each of the years 2015 to 2019 are published at link: . The receipts for 2020 are €86.8 million. This amount is provisional at this time and may be subject to adjustment. Betting Duty receipts for 2021 are forecast to be in the region of €100 million.

Written Answers — Department of Finance: Tax Code (21 Apr 2021)

Paschal Donohoe: The tax treatment of the transfer of ownership of an aircraft will depend on the facts and circumstances pertaining to that transfer. The treatment may vary depending on: - whether the transfer was carried out in the course of a trade carried on in Ireland, - the place where the parties to the transfer are resident for tax purposes, and - the manner in which the transfer took place –...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 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 the 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...

Written Answers — Department of Finance: Banking Sector (21 Apr 2021)

Paschal Donohoe: As the Deputy may be aware, under a previous Programme for Government commitment I have thoroughly examined the possibility of implementing a public banking system. My Department published a paper in December 2019 by Indecon Consulting on an Evaluation of the Concept of Community Banking in Ireland. This was a follow on to a previous paper on Local Public Banking published by my Department...