Results 9,041-9,060 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic (1 Jun 2021)

Paschal Donohoe: The purpose of the Stay and Spend Tax Credit scheme was to provide targeted support to businesses within the hospitality sector whose operations are likely to be most affected by continued restrictions on public health grounds. The scheme terminated on 30 April. Since 1 October 2020, a total of 65,661 receipts have been uploaded to the Revenue Receipts Tracker, as at 26 May 2021. The...

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

Paschal Donohoe: The 2009 Commission on Taxation reviewed the One-Parent Family Tax Credit and acknowledged that it played a role in supporting and incentivising the labour market participation of single and widowed parents. However, in its recommendations, the Commission concluded that the credit should be retained but that it should be allocated to the principal carer of the child only. It is essential to...

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

Paschal Donohoe: I am advised by Revenue that the number of taxpayers who received the One Parent Family Tax Credit in 2013 and the Single Person Child Carer Credit for each of the years 2014 to 2018 (the latest available year) are set out in Revenue’s Cost of Tax Expenditures Publication, which are published on the Revenue website. (Search "Tax Expenditures" and select result "Costs of Tax...

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

Paschal Donohoe: I am advised by Revenue that the latest available information in respect of the cost of tax reliefs and exemptions is published on the Revenue website. (Search "Tax Expenditures" and select result "Costs of Tax expenditures (credits, allowances and reliefs)") In this table, of particular relevance to the Deputy’s question may be the tax costs in respect of CGT Relief on Disposal of...

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

Paschal Donohoe: As the Deputy may be aware under Irish legislation, there is no entitlement to a refund of VAT for non-business activities. Therefore, in line with section 59 of the VAT Consolidation Act 2010 mobile home owners would not be entitled to such a refund.

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

Paschal Donohoe: I am advised by the Revenue Commissioners that the Value Added Tax (Refund of Tax) (No 15) Order 1981 provides for the refund of VAT incurred on qualifying goods for the use of persons with a disability. The Order specifies the degree of disability and defines the qualifying goods as goods which are aids or appliances, including parts and accessories, specially constructed or adapted for use...

Written Answers — Department of Finance: Protected Disclosures (1 Jun 2021)

Paschal Donohoe: Deputy, I have been informed by my officials that the response set out below covers the numbers of protected disclosures as required under section 22 of the Protected Disclosures Act 2014. As detailed in the response, it is not possible to release some of the information requested. In broad terms, a ‘Protected Disclosure’ is a disclosure of information which the discloser...

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

Paschal Donohoe: At the outset, I would like to note that the Government recognises the concerns felt by many groups, including in the construction and related professions, around the cost and availability of insurance cover. Addressing this issue is a priority for this Government, as is reflected in the prioritisation of insurance reform. The Government’s Action Plan for Insurance Reform sets out 66...

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

Paschal Donohoe: I am very much aware of the issues of affordability and availability facing many sectors, such as the specific motor sport one highlighted by the Deputy, which provide such a valuable contribution to the well-being of our society and economy in general. However, it is important to note that neither the Government nor the Central Bank of Ireland have any influence over the pricing or provision...

Written Answers — Department of Finance: Workplace Relations Commission (1 Jun 2021)

Paschal Donohoe: As stated in PQ 28102, officials in my Department have commenced work on the development of a tax credit for the digital gaming sector. The intention is to publish legislation to introduce this new credit as part of the 2021 Finance Bill process. It is important to note however, that European Commission State aid approval will be required prior to the introduction of the tax credit. Therefore...

Written Answers — Department of Finance: Insurance Industry (27 May 2021)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses, including those referenced in the question. This position is reinforced by the EU framework for insurance (the Solvency II Directive)....

Written Answers — Department of Finance: Tax Code (27 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 127 and 133 together. The Finance Act 2020 legislated for warehousing of certain income tax liabilities of self-assessed income taxpayers, including the self-employed, whose income has been affected by the restrictions introduced to combat Covid-19. I am advised by Revenue that the debt warehousing scheme already provides for the warehousing of income tax...

Written Answers — Department of Finance: Tax Code (27 May 2021)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain organisations. In order to qualify for relief an organisation must be entered in...

Written Answers — Department of Finance: Tax Code (27 May 2021)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain organisations. In order to qualify for relief an organisation must be entered in...

Written Answers — Department of Finance: Alcohol Sales (27 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 130 and 131 together. I am advised by Revenue that the licensing year for Intoxicating Liquor Licences runs from 1 October to 30 September in respect of Liquor Retailer On Licences, Liquor Retailer Off Licencesand Liquor Manufacturers Licences. The licensing year for Liquor Wholesale Dealer Licencesruns from 1 July to 30 June. Where both a Wholesale Dealer...

Written Answers — Department of Finance: Tax Code (27 May 2021)

Paschal Donohoe: In response to the query of the Deputy, I can confirm that if the person/entity buying the houses accumulates 10 or more houses in any 12 month period, whether they comprise new or existing housing stock, and irrespective of whether they are in the same location or not, the new higher stamp duty rate of 10% will apply. Where a person/entity is buying on a unit by unit basis the payment of...

Written Answers — Department of Finance: Banking Sector (27 May 2021)

Paschal Donohoe: I assume the Deputy is referring to Statutory Instrument 713/2020: "European Union (Bank Recovery and Resolution) (Amendment) Regulations 2020" which amends SI 289/2015: "European Union (Bank Recovery and Resolution) Regulations 2015". The Bank and Investment Fund Resolution Fund (BIFR) was set up under the 2015 Regulations and is administered by the Central Bank of Ireland. There were no...

Written Answers — Department of Finance: Banking Sector (27 May 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: Housing Issues (27 May 2021)

Paschal Donohoe: The Irish Strategic Investment Fund and Home Building Finance Ireland continue to make significant contributions to support increasing housing supply. It is important that they continue to do so given the current housing crisis. ISIF’s investment in the residential development sector is aimed at unlocking the supply of new homes across all tenures. ISIF’s single largest...

Written Answers — Department of Finance: Departmental Programmes (27 May 2021)

Paschal Donohoe: I would like to advise the Deputy that the Immigrant Investor Programme (IIP) is not under the remit of the Minister for Finance and is a matter for the Department of Justice. In common with my predecessors as Minister for Finance, I have regular engagement with the bodies referenced, in particular with the Central Bank, on a wide range of issues. My officials are currently reviewing the...