Results 8,821-8,840 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (29 Jun 2021)

Paschal Donohoe: The Covid Restrictions Support Scheme (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. The support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from which are chargeable...

Written Answers — Department of Finance: Tax Code (29 Jun 2021)

Paschal Donohoe: In Finance Act 2019 I legislated for a CO2-based BIK regime for company cars from 1/1/2023. From that date the amount taxable as BIK remains determined by the car’s original market value (OMV) and the annual business kilometres driven, while new CO2 emissions-based bands will determine whether a standard, discounted, or surcharged rate is taxable. The number of mileage bands is reduced...

Written Answers — Department of Finance: Data Centres (29 Jun 2021)

Paschal Donohoe: I am informed by Revenue that, as there is no legal requirement in the tax legislation applying to REITs (namely, Part 25A of the Taxes Consolidation Act 1997) to provide Revenue with details of the types of property a REIT may invest in or develop, Revenue is not in a position to provide the information sought by the Deputy.

Written Answers — Department of Finance: Departmental Correspondence (29 Jun 2021)

Paschal Donohoe: As the details supplied with this question note, a Financial Resolution was passed by the Dáil on 19 May 2021 which provides for a new higher stamp duty rate of 10% where at least 10 residential units (excluding apartments) are acquired by an individual or a corporate entity in any 12-month period. This new measure is ‘triggered’ when a residential unit is acquired on or...

Written Answers — Department of Finance: Insurance Coverage (29 Jun 2021)

Paschal Donohoe: As the Deputy will be aware, the whole-of-Government approach being taken to insurance reform through the Action Plan for Insurance Reform,sets out 66 actions across several Government Department policy areas, including the Department of Finance. The cumulative impact of the implementation of these is intended to improve both the cost and availability of insurance for all groups, particularly...

Written Answers — Department of Finance: Insurance Coverage (29 Jun 2021)

Paschal Donohoe: At the outset, it is important to note that the administration of the scheme underpinning the provision of outdoor hospitality facilities operated by many businesses across the country, including by publicans is the responsibility of the relevant local authorities. These are under the remit of Department of Housing, Local Government and Heritage. Having said that, my Department has been...

Written Answers — Department of Finance: Insurance Coverage (29 Jun 2021)

Paschal Donohoe: As committed to in the 2020 Programme for Government, Government is prioritising reform of the insurance sector with particular emphasis on motor, public, and employer liability insurance. The whole-of-Government approach being taken through the Action Plan for Insurance Reformtherefore sets out 66 actions which aim to improve both the cost and availability of this key financial services,...

Written Answers — Department of Finance: Departmental Policies (29 Jun 2021)

Paschal Donohoe: Section 42 of the Irish Human Rights and Equality Commission Act 2014 places a positive duty on public sector bodies to have regard to the need to eliminate discrimination, promote equality, and protect human rights, in our daily work. Specifically, in my Department this is evident in our strategic planning processes, annual review of the Governance Framework, ongoing training offered to...

Written Answers — Department of Finance: Disabilities Assessments (29 Jun 2021)

Paschal Donohoe: My Department has not had occasion to undertake a Disability Impact Assessment (DIA) to date. My Department carries out Regulatory Impact Analyses (RIAs) of Memoranda where relevant, in accordance with the steps outlined in the Cabinet Handbook. RIAs consider a broad range of impacts and would indicate any identified impact on people with disabilities. Should the requirement arise, my...

Written Answers — Department of Finance: Tax Code (29 Jun 2021)

Paschal Donohoe: At the outset, I wish to acknowledge that the issue of the payment of Capital Acquisitions Tax (CAT) by unmarried cohabitants both in relation to a shared primary residence home and other assets is a complex issue. The starting point for considering this matter is that cohabitants do not have the same legal rights and obligations as a married couple or couple in a civil partnership....

Written Answers — Department of Finance: Tax Rebates (24 Jun 2021)

Paschal Donohoe: I am informed by Revenue that the information provided on VAT returns does not require identification of sales or costs on individual activities or products. Therefore, the amount of VAT paid (or refunded) in relation to any specific activity, such as COVID-19 related health and safety works, is not separately available to estimate the cost requested by the Deputy.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Jun 2021)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide enterprise support that provides a flat rate subsidy to qualifying employers based on the numbers of eligible employees on their payrolls. The EWSS replaced the Temporary Wage Subsidy Scheme which ceased on 31 August 2020. To be eligible for EWSS, an employer must have tax clearance for the duration of the scheme and be able to...

Written Answers — Department of Finance: Tax Credits (24 Jun 2021)

Paschal Donohoe: I am advised by Revenue that the tapering out of tax credits on income above €100,000, at a rate of 2.5% per €1,000 of income, such that the taxpayer has no entitlement to credits at an income level above €140,000, would yield an estimated €236 million and €286 million on a first and full year basis respectively. I am further advised by Revenue that...

Written Answers — Department of Finance: Financial Services (24 Jun 2021)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman (FSPO) is independent in the performance of his statutory functions. I have no role in the day to day workings of the office or in the decisions which he takes. The Financial Services and Pensions Ombudsman Act 2017 prescribes certain time limits for the making of a complaint to the FSPO about the conduct of...

Written Answers — Department of Finance: Vehicle Registration Tax (24 Jun 2021)

Paschal Donohoe: I propose to take Questions Nos. 196 and 197 together. Following the withdrawal of the UK from the European Union, an import of a vehicle from Great Britain is treated as an import from a third country, i.e. a non-EU country.  I am advised by Revenue that, if a vehicle is imported from Great Britain into Ireland, the importer is required to complete a customs declaration and pay customs...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (23 Jun 2021)

Paschal Donohoe: I propose to take Questions Nos. 89 to 92, inclusive, together. The Temporary Wage Subsidy Scheme (TWSS) was in place for 22 weeks between 26 March and 31 August 2020. It was introduced as an emergency income support for eligible employees where the employer’s business activities were negatively impacted by the COVID-19 pandemic. Over 66,600 employers received a subsidy under the TWSS...

Written Answers — Department of Finance: Approved Housing Bodies (23 Jun 2021)

Paschal Donohoe: Since 2018, Approved Housing Bodies (AHBs) have been classified in the General Government sector by Eurostat, the statistical office of the European Union. Consequently, all AHBs revenue and expenditure is classified as general government revenue and general government expenditure while borrowing by the AHBs, from outside the General Government sector i.e. the private sector, will add to the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (23 Jun 2021)

Paschal Donohoe: The rate of Pandemic Unemployment Payment (PUP) payable to individuals is a matter for the Department of Social Protection (DSP). I am advised by Revenue that, regarding taxation, PUP payments are classed as income and as such are liable to tax but not PRSI or Universal Social Charge (USC). In 2020, PUP was taxed at year end rather than in the normal real-time manner due to the urgent...

Written Answers — Department of Finance: Banking Sector (23 Jun 2021)

Paschal Donohoe: I propose to take Questions Nos. 95 and 97 together. There are certain legal and regulatory requirements which govern the provision of mortgage credit to consumers.  For example, the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (CMCAR) provide that, before concluding a mortgage credit agreement, a lender must make a thorough assessment of the...

Written Answers — Department of Finance: Tax Reliefs (23 Jun 2021)

Paschal Donohoe: Tax relief for Trade Union subscriptions was previously provided for under section 472C of the Taxes Consolidation Act 1997. The relief was introduced in 2001 and abolished from 2011 onwards. A review of the appropriate treatment for tax purposes of trade union subscriptions and professional body fees was carried out by my Department in 2016 and included in the 2016 report on tax...