Results 9,001-9,020 of 32,572 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Financial Services Regulation (31 Mar 2021)

Paschal Donohoe: The Central Bank’s Consumer Protection Code 2012 (the Code) is a statutory Code issued pursuant to Section 117 of the Central Bank Act 1989. The Central Bank has the power to administer sanctions for a contravention of the Code under Part IIIC of the Central Bank Act 1942. The provisions of the Code are binding on regulated entities and must, at all times, be complied with by...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (31 Mar 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. 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 to tax under Case I of Schedule D,...

Written Answers — Department of Finance: Tax Code (31 Mar 2021)

Paschal Donohoe: Section 110 of the Taxes Consolidation Act 1997 sets out a regime for the taxation of special purpose companies set up to securitise assets. The tax provisions are intended to create a tax neutral regime for bona-fide securitisation and structured finance purposes. The section 110 regime enables noteholders to invest through one structured vehicle, without giving rise to an additional layer...

Written Answers — Department of Finance: Proposed Legislation (31 Mar 2021)

Paschal Donohoe: The introduction of SEAR is a commitment of the Programme for Government which seeks to improve the culture of the financial sector and underpin public trust in the financial services sector. It was first proposed by the Central Bank of Ireland in its 2018 report, Behaviour and Culture in the Irish Retail Banks, which was prepared at my request. This is a complex piece of legislation and...

Written Answers — Department of Finance: Mortgage Interest Rates (31 Mar 2021)

Paschal Donohoe: I am aware that the general level of interest rates on new mortgage lending in Ireland are higher than is the case in many other European countries, though it should also be noted that recent trends indicate that certain mortgage rates have been falling. For example, the interest rates on new fixed rate mortgages (excluding renegotiations) have fallen from 4.11% in December 2014 to 2.65% in...

Written Answers — Department of Finance: Vehicle Registration Tax (31 Mar 2021)

Paschal Donohoe: As the Deputy will be aware, the impact of the UK now being a 3rd country for Customs purposes has impacted on costs of imports, including cars, from Great Britain. There has been an extensive communications and awareness campaign to communicate this to motor dealers and private individuals. The Revenue Commissioners have advised that the Revenue website alerts customers who are importing...

Written Answers — Department of Finance: Banking Sector (31 Mar 2021)

Paschal Donohoe: The decision by NatWest to wind down its Ulster Bank business is regrettable, particularly for their customers and staff and they represent unfavourable developments for the Irish banking market. Decisions in regards to operational and strategic matters are the sole responsibility of the boards and management of the individual banks, which are run on an independent and commercial basis. I...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (31 Mar 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: Covid-19 Pandemic Supports (31 Mar 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. 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 to tax under Case I of Schedule D,...

Written Answers — Department of Finance: Tax Collection (31 Mar 2021)

Paschal Donohoe: I understand the Deputy is referring to the speech I made at the ESRI on Thursday 4 March 2021, “Taking stock and charting an economic path forward for Ireland & Europe”, in which I addressed some of the main challenges facing the Irish economy over the short, medium, and long-terms. The Government has provided an enormous amount of fiscal support in response to the...

Written Answers — Department of Finance: Value Added Tax (31 Mar 2021)

Paschal Donohoe: As the Deputy will be aware, I introduced the VAT Compensation Scheme in Budget 2018 to relieve the VAT burden on charities and to partially compensate them for the VAT paid on expenditure related to independently raised income on or after 1 January 2018. The scheme was not applicable to VAT paid in years prior to 2018. The funding for the scheme is capped at €5 million per year...

Written Answers — Department of Finance: Customs and Excise (31 Mar 2021)

Paschal Donohoe: I am advised by the Revenue Commissioners that details of Customs inspections at the various airports, the value of items seized and information as to whether or not visits were planned or unannounced is provided in the tables below for each of the requested years. The value of contraband includes all types of seizures from excisable products, weapons, controlled drugs, meats, etc. The...

Written Answers — Department of Finance: Vehicle Registration Tax (31 Mar 2021)

Paschal Donohoe: I am advised by Revenue, that a Vehicle Registration Tax (VRT) charge of €200 would ordinarily apply to the vehicle in question. However, the vehicle should have been registered within 30 days of arriving in the State to avoid the application of late registration fees. Late registration fees are charged at a rate of 0.1% for each day (over 30 days) that the vehicle remains unregistered.

Written Answers — Department of Finance: Help-To-Buy Scheme (31 Mar 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive was introduced in 2017. The measure is currently scheduled to expire on 31 December 2021. HTB gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. An increase in the supply of new housing remains a priority aim of Government policy. The HTB...

Written Answers — Department of Finance: Community Banking (31 Mar 2021)

Paschal Donohoe: As the Deputy may be aware, 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 in 2018. The Indecon report concluded that there is no business case for the State to establish a community banking system in Ireland,...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (31 Mar 2021)

Paschal Donohoe: I am advised by Revenue that the Debt Warehousing Scheme remains available to support businesses impacted by continuing COVID-19 related public health restrictions. The scheme is automatically available to SMEs and individuals that are managed by Revenue’s Business and Personal Divisions and by agreement with larger businesses managed by Large Corporates and Medium Enterprise...

Written Answers — Department of Finance: Irish Sign Language (31 Mar 2021)

Paschal Donohoe: My Department recently completed a National Disability Authority online survey in relation to the Irish Sign Language Act 2017 and is currently preparing an appropriate action plan to ensure compliance with requirements. We have not had any requests for the service of Irish Sign Language Interpreters and will provide same if requested with the necessary notice required from the organisations...

Written Answers — Department of Finance: Commencement of Legislation (31 Mar 2021)

Paschal Donohoe: My Department has undertaken a review of legislation enacted since January 2000 falling within its areas of responsibility. As of 29 March 2021, only one Act stands uncommenced in its entirety, being the Credit Union Restructuring Board (Dissolution) Act 2020. The commencement of this legislation is deferred pending the Board’s financial statements being finalised and approved by the...

Written Answers — Department of Finance: Value Added Tax (31 Mar 2021)

Paschal Donohoe: The temporary reduction from 23% to 21% in the standard rate of VAT has not been extended beyond the 28th of February. Deputies will be aware that tax changes are generally taken in the context of the Budget. In this regard my officials prepare a series of papers containing tax options for the Tax Strategy Group to be considered in the context of the Budgetary process, alongside a wide...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (31 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 393 and 394 together. I am aware of concerns that have been raised regarding the pace of recovery for the live events sector, 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...