Results 9,021-9,040 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Industry (3 Jun 2021)

Paschal Donohoe: I note that the details supplied by the Deputy refers to insurance for a specific organisation. While I recognise the concerns felt by many voluntary and community groups, including the one highlighted by the Deputy, around the cost and availability of insurance cover, he will appreciate that, as Minister for Finance, I am not in a position to comment on individual cases. Neither I, nor...

Saincheisteanna Tráthúla - Topical Issue Debate: Tax Code (2 Jun 2021)

Paschal Donohoe: I thank the Deputies for raising this matter. The programme for Government includes a commitment to bring forward legislation in relation to the local property tax on the basis of fairness and that most homeowners will not face an increase in their local property tax liability. In addition, there is a commitment to bring new homes, which are currently exempt from local property tax, into...

Saincheisteanna Tráthúla - Topical Issue Debate: Tax Code (2 Jun 2021)

Paschal Donohoe: Deputy Boyd Barrett responds to what I said. Deputy Paul Murphy comes in here and reads out a script that was written a decade ago. Look at what the Government announced yesterday - €4 billion worth of investment in the future - on top of last year's budget which led to record levels of investment in our future. Look at the employment wage subsidy scheme where the State is standing...

Written Answers — Department of Finance: Tax Code (2 Jun 2021)

Paschal Donohoe: I am advised by Revenue that there is no stamp duty payable on the inheritance of property. However, the transfer of a property that is residential property during their lifetime, including a holiday rental cottage, to a son or daughter constitutes a conveyance on sale for the purposes of the Stamp Duties Consolidation Act (SDCA) 1999. Stamp duty is payable by the transferee, whether or not...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Jun 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 (2 Jun 2021)

Paschal Donohoe: The Deputy may be aware that, as Minister for Finance, I have no role in how any bank manages its dealings with its customers, including those in which the State has a shareholding. Such matters are the sole responsibility of the board and management of the banks which must be run on an independent and commercial basis. The independence of banks in which the State has a shareholding...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 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 Data (2 Jun 2021)

Paschal Donohoe: Local Property Tax (LPT) provides for certain properties to be exempt from the tax during a ‘valuation period’. For the current ‘valuation period’ (2013 to 2021), these exemptions include properties purchased between 1 January 2013 and 31 December 2013 and trading stock of builders/developers unsold at 1 May 2013 or sold in the period 1 January 2013 to 31 October...

Written Answers — Department of Finance: Insurance Levy (2 Jun 2021)

Paschal Donohoe: At the outset, it is important to note there are various levies and contributions in existence on insurance premiums. These serve different, defined purposes with some having been in place for a number of years. I should also state that there are no plans to discontinue them at this time. These various levies and contributions are briefly detailed below. The 2 per cent Insurance Compensation...

Written Answers — Department of Finance: Housing Policy (2 Jun 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with obtaining the deposit they need to buy or build a new house or apartment. The scheme gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act (TCA) 1997...

Written Answers — Department of Finance: Tax Code (1 Jun 2021)

Paschal Donohoe: I am advised by Revenue that the person in question recently informed Revenue that the 2013 self-assessed valuation on his property was over-stated and requested that it be reduced from Local Property Tax (LPT) Band 3 to Band 1. The person previously paid LPT liability for 2013 (in 2013) but did not make payments in respect of subsequent years until 2019, following notifications from...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Jun 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...

Written Answers — Department of Finance: Departmental Schemes (1 Jun 2021)

Paschal Donohoe: The Help to Buy (HTB) scheme is designed to stimulate the supply of new houses in the housing market and to assist first time buyers in accumulating a deposit for a new home. In order to help further meet these goals, I announced an enhancement to the existing scheme with effect from 23 July 2020 for the remainder of that year as part of the July Stimulus Package. The legislation to give...

Written Answers — Department of Finance: Financial Services (1 Jun 2021)

Paschal Donohoe: The Deputy may wish to note that the Central Bank’s website sets out information on the types of entities which require an authorisation to provide credit, including mortgages, such as credit institutions, credit unions and retail credit firms. It also sets out information on entities which require authorisation to advise on and intermediate between mortgage credit providers and...

Written Answers — Department of Finance: Real Estate Investment Trusts (1 Jun 2021)

Paschal Donohoe: I propose to take Questions Nos. 255 and 256 together. The Irish Real Estate Fund (IREF) legislation was introduced by Finance Act 2016 to address concerns raised regarding the use of collective investment vehicles by non-residents to invest in Irish property. An IREF is an investment fund, or a sub-fund, which derives 25% or more of its market value from assets acquiring their value directly...

Written Answers — Department of Finance: Tax Code (1 Jun 2021)

Paschal Donohoe: I am advised by Revenue that it is difficult to comment definitively on the stamp duty liability of individual transactions. The stamp duty liability that might arise in respect of a particular development would have regard to the particular facts and circumstances of each transaction. In addition, any potential stamp duty liability that might arise in the circumstances of the case in...

Written Answers — Department of Finance: Data Protection (1 Jun 2021)

Paschal Donohoe: For operational security reasons, my Department is not in a position to provide any details of its cyber security systems or those of the bodies under its aegis, as it would be inappropriate to disclose information that may in any way assist those with malicious intent.

Written Answers — Department of Finance: Tax Code (1 Jun 2021)

Paschal Donohoe: I propose to take Questions Nos. 259 and 261 together. On May 19th this year, the Dáil approved, by way of a Financial Resolution, a new higher stamp duty rate of 10% that will apply to the multiple purchase of houses. I introduced this measure in response to the multiple purchase of residential units by certain institutional investors in the Irish property market. I share the...

Written Answers — Department of Finance: Departmental Schemes (1 Jun 2021)

Paschal Donohoe: As the Deputy will be aware, section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the Cycle to Work scheme. This scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and associated safety equipment for an employee and was introduced in 2009. The scheme operates on a self-administration basis. Relief is automatically available...

Written Answers — Department of Finance: Insurance Levy (1 Jun 2021)

Paschal Donohoe: The Health Insurance Levy is a stamp duty paid by health insurance companies to support the Risk Equalisation Fund (REF). It is charged as a fixed amount on each health insurance policy, with the amount paid dependent on the nature of the policy. The fixed amount can vary from year to year. The Levy operates in accordance with section 125A of the Stamp Duties Consolidation Act 1999, and has...