Results 9,021-9,040 of 32,572 for speaker:Paschal Donohoe

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

Paschal Donohoe: I propose to take Questions Nos. 395 and 396 together. 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...

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

Paschal Donohoe: I propose to take Questions Nos. 397 to 399, inclusive, together. Revenue provides a “Ready Reckoner” to facilitate the estimation of the yield or cost of potential changes to the tax code. This is available at the link: and includes (on page 28) the estimated cost of changes or extensions to the 9% rate of VAT for a full year (among other information which may be of interest...

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

Paschal Donohoe: I am advised by Revenue that the current tax warehousing schemes allow for the deferral of collection of certain tax liabilities relating to “Period 1”, the “Covid-19 restricted trading period”. The tax liabilities that may be deferred or “warehoused” are VAT, PAYE (Employer) liabilities, excess Temporary Wage Subsidy Scheme (TWSS) payments due to be...

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

Paschal Donohoe: As the Deputy will be aware, on 18 March 2020, the Banking and Payments Federation of Ireland (BPFI) announced a coordinated approach by banks and other lenders to help their customers, including those in the tourism and hospitality sectors, who were economically impacted by the Covid-19 crisis. The measures included flexible loan repayment arrangements where needed, including loan payment...

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

Paschal Donohoe: I appreciate the stress and uncertainty that many borrowers who are working in the tourism and hospitality sectors are still facing at this difficult time and I recognise that many of these borrowers will continue to need assistance and support from their lenders. In this regard it is the clear expectation of both the Government and the Central Bank that lenders engage effectively and...

Written Answers — Department of Education and Skills: Disability Support Services (31 Mar 2021)

Paschal Donohoe: In August 2020 I wrote to all publicly funded higher education institutions requesting that they develop institutional action plans on tackling sexual violence and harassment, and report to the Higher Education Authority (HEA) on their progress on the implementation of the Framework for Consent in HEIs (Safe, Respectful, Supportive and Positive: Ending Sexual Harassment in Irish Higher...

Written Answers — Department of Finance: Insurance Industry (25 Mar 2021)

Paschal Donohoe: I am aware that concerns have been expressed about how the insurance industry is responding to the needs of its business policyholders in these difficult times, particularly those like, variety clubs, dance and stage schools who are unable to use their premises and have to teach online.  However, it is important to alert the Deputy to the fact that neither I, nor the Central Bank,...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (25 Mar 2021)

Paschal Donohoe: The Pandemic Unemployment Payment (PUP) is a social welfare payment for workers who have become unemployed due to the COVID-19 pandemic. PUP payments are classified in legislation as income supports and are subject to income tax. The taxation arrangements for the PUP were legislated for in Finance Act 2020 which reflects the standard approach to taxation of social welfare type payments, which...

Written Answers — Department of Finance: Departmental Communications (25 Mar 2021)

Paschal Donohoe: Members of the Oireachtas can contact my Department by emailing minister@finance.gov.ie. There are 17 bodies under the aegis of my Department; Circular 25/2016 applies to 14 of these bodies. It does not apply to the Credit Union Advisory Committee (CUAC), the Disabled Drivers Medical Board of Appeal (DDMBA) and the Credit Union Restructuring Board (ReBo). CUAC is a committee set up to advise...

Written Answers — Department of Finance: Protected Disclosures (25 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 42 and 43 together. Section 22 of the Protected Disclosures Act requires the publication of a report in respect of protected disclosures received in the preceding year setting out certain information in respect of protected disclosures received. For the purposes of complying with section 22, the Department publishes information regarding Protected Disclosures...

Written Answers — Department of Finance: Mortgage Lending (25 Mar 2021)

Paschal Donohoe: As the Deputy is aware, as Minister for Finance I have no role in the day to day operations of any bank operating within the State including banks in which the State has a shareholding. I'm precluded from intervening on behalf of any individual customer in any particular bank. Decisions in relation to commercial matters are the sole responsibility of the board and...

Written Answers — Department of Finance: Mortgage Lending (25 Mar 2021)

Paschal Donohoe: Under section 126 of the Consumer Credit Act 1995 a mortgage lender is obliged to make sure that a mortgage applicant has mortgage protection insurance in place before granting a housing loan.  However, the Act also provides for a number of limited exemptions to this statutory obligation where:  1. the house in respect of which the loan is made is, in the mortgage lender's...

Written Answers — Department of Finance: Departmental Policy Functions (25 Mar 2021)

Paschal Donohoe: Primary responsibility for this matter and the National Disability Inclusion Strategy, rests with my colleague Anne Rabbitte, Minister of State for Disability in the Department of Children, Disability, Equality and Integration.

Written Answers — Department of Finance: Banking Sector (25 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 47 and 48 together. NatWest's decision to withdraw Ulster Bank from the Irish market and the decision by Bank of Ireland to close 88 branches in the Republic of Ireland are regrettable and they represent unfavourable developments for the Irish banking market. However, I welcome that NatWest confirmed that it is negotiations with Permanent TSB...

Written Answers — Department of Finance: Gambling Sector (24 Mar 2021)

Paschal Donohoe: I am advised by Revenue that the Betting Act 1931 (as amended by the Betting Amendment Act 2015), provides the legislative basis for licensing and control of Bookmakers, Remote Bookmakers, and Remote Betting Intermediaries. These licences fall within the general category of licences known as Excise Licences, which are issued by Revenue under various statutes. Revenue maintains and publishes...

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

Paschal Donohoe: As the COVID-19 health crisis spread across the EU, my Department participated in EU negotiations and supported agreements establishing several EU budget-related changes to address the various challenges faced in 2020 and continuing up to 2026. The Emergency Support Instrument (ESI) was activated in April/May 2020, for €2.7 bn. The ESI’s scope is broad, but it has mostly...

Written Answers — Department of Finance: Tax Code (24 Mar 2021)

Paschal Donohoe: Ireland’s excise duty treatment of fuel used for motor and heating purposes is based on European Union law as set out in Directive 2003/96/EC on the taxation of energy products and electricity, commonly known as the Energy Tax Directive. Mineral Oil Tax (MOT) is an excise duty and is comprised of a carbon and a non-carbon component. The carbon component is often referred to as carbon...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (24 Mar 2021)

Paschal Donohoe: I am informed by the Ireland Strategic Investment Fund (ISIF) that its investments to date in the Food and Agriculture sector have focused on Forestry and AgTech set out in the table below. Investment Commitment €m Objectives Forais (Dasos) 55 Fund investing in new and semi-mature forests across Ireland underpinning the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (24 Mar 2021)

Paschal Donohoe: I brought forward an amendment to the Finance Bill to provide for the existing medical criteria for the Disabled Drivers Scheme in primary legislation. Following approval of the Finance Act 2020, the HSE has been informed that medical assessments can recommence from 1stJanuary 2021. However, in the context of the national effort to suppress and manage the impact of COVID, the ability to hold...

Written Answers — Department of Finance: Tax Compliance (24 Mar 2021)

Paschal Donohoe: It is assumed that the Deputy is referring to cross-border sales of wine over the internet to consumers in Ireland.  Such sales of alcohol products are referred to as “distance sales”.  Distance sales of alcohol products from one EU Member State to a consumer in another Member State are subject to VAT in the Member State of destination of the supply, which would...