Results 9,061-9,080 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Administrative Arrangements (24 Mar 2021)

Paschal Donohoe: I am advised by Revenue that it provides a wide range of online payment facilities to support taxpayers in meeting their tax payment obligations. These payment options are available through the Revenue On-Line Service (ROS) and the MyAccount service on a 24/7 basis and are fully secure. The available on-line options include ROS Debit Instruction (RDI), Single Debit Instruction (SDI),...

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

Paschal Donohoe: I propose to take Questions Nos. 508 and 509 together. I am advised by the Revenue Commissioners that where an individual purchases a new vehicle in the State, the motor dealer will register it at the point of sale.  The dealer will pay the relevant Vehicle Registration Tax and Value Added Tax to Revenue and the vehicle will be supplied with registration plates. In all other cases where...

Written Answers — Department of Finance: Insurance Coverage (24 Mar 2021)

Paschal Donohoe: I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses.  However, you should be aware that the provision of insurance is a commercial matter for insurance companies, which is based on an assessment of the risks they are willing to accept. Consequently, neither I nor the Central Bank can interfere in the provision...

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

Paschal Donohoe: As the Deputy will be aware, I did not extend the temporary reduction in the standard rate of VAT from 23% to 21% beyond the 28th of February. Future tax changes are generally taken in the context of the Budget. Deputies will be aware that 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,...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 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 hospitality sector, who were economically impacted by the Covid-19 crisis.  The measures included flexible loan repayment arrangements where needed, including loan...

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

Paschal Donohoe: I propose to take Questions Nos. 513 and 514 together. I appreciate that the Covid-19 restrictions are still impacting many mortgage borrowers.  However, borrowers have a suite of regulatory protections, such as the Central Bank's Code of Conduct on Mortgage Arrears and the Consumer Protection Code, and lenders have specific obligations to support and work with borrowers...

Written Answers — Department of Finance: Financial Services Sector (11 Mar 2021)

Paschal Donohoe: It was not possible for the National Treasury Management Agency to provide the information sought in the time available and, therefore, I will make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Financial Services Sector (11 Mar 2021)

Paschal Donohoe: It was not possible to provide the information sought in the time available and, therefore, I will make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Financial Services Sector (11 Mar 2021)

Paschal Donohoe: I can inform the Deputy that my Department has no record of any fees paid to the company named in the years 2014 to date. However, I should point out that arising out of the admission in 2018 of AIB’s shares to the Irish Stock Exchange, the London Stock Exchange and the international offering by the Minister for Finance of his shares in AIB, fees of €12m were payable by AIB...

Written Answers — Department of Finance: Financial Services Sector (11 Mar 2021)

Paschal Donohoe: The Deputy will by now be aware of the decision by the Board of the National Treasury Management Agency (NTMA) on Monday, 8th March, to withdraw J&E Davy’s authority to act as a primary dealer in Irish Government bonds. The NTMA wishes to maintain both Ireland's reputation as a sovereign issuer in the bond market and also the orderly functioning of the market for Irish...

Written Answers — Department of Finance: Interest Rates (11 Mar 2021)

Paschal Donohoe: I am aware that the general level of lending interest rates 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 2.67% in December 2020. ...

Written Answers — Department of Finance: Mortgage Lending (11 Mar 2021)

Paschal Donohoe: 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 COVID-19. In relation to new mortgage lending, the main retail banks previously confirmed that they are considering mortgage applications and mortgage drawdowns in relation to their customers who were impacted by COVID-19 on a case by case...

Written Answers — Department of Finance: Insurance Coverage (11 Mar 2021)

Paschal Donohoe: As the Deputy will appreciate, while I have taken note of the situation as set out in the details supplied by the Deputy, it is not appropriate for me to comment on specific cases. Neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products or have the power to direct such companies to provide cover to specific individuals or businesses. This...

Written Answers — Department of Finance: Interest Rates (11 Mar 2021)

Paschal Donohoe: The application of interest rate charges is solely a commercial matter for the board and management of each bank. 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. Decisions in relation to commercial matters are the sole responsibility of the board and management of the banks, which must be run on an...

Written Answers — Department of Finance: Tax Reliefs (11 Mar 2021)

Paschal Donohoe: Tax relief on donations to approved sports bodies for funding an approved project is provided for in section 847A Taxes Consolidation Act 1997 (TCA) which was introduced in Finance Act 2002. The arrangements for allowing tax relief on such donations by individuals vary depending on whether the donor is a self-assessed or a PAYE-only taxpayer. - An individual who is a self-assessed...

Written Answers — Department of Finance: Property Tax (11 Mar 2021)

Paschal Donohoe: The Government agreed with the recommendation of the 2012 Inter-Departmental Group, which considered the structures and modalities of a property tax, that a universal liability to LPT should apply to all owners of residential property with a limited number of exemptions. Limiting the exemptions available allows the LPT rate to be kept low for those liable persons who do not qualify for an...

Written Answers — Department of Finance: Banking Sector (11 Mar 2021)

Paschal Donohoe: As the Deputy may be aware, as Minister for Finance I have no role in the commercial decisions made by any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard, including the management of branch networks, are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The...

Written Answers — Department of Finance: Banking Sector (11 Mar 2021)

Paschal Donohoe: The response to the Deputy's parliamentary question which I answered on 4th March still stands. One point I wish to re-emphasise is the fact that Bank of Ireland has confirmed that no branch will close for six months. In its announcement, Bank of Ireland acknowledged that it accepts that news of its branch closures will cause concern for some customers, and for the communities that...

Written Answers — Department of Finance: Financial Services Sector (11 Mar 2021)

Paschal Donohoe: The Deputy will by now be aware of the decision by the Board of the National Treasury Management Agency (NTMA) on Monday, 8th March, to withdraw J&E Davy’s authority to act as a primary dealer in Irish Government bonds. The NTMA wishes to maintain both Ireland's reputation as a sovereign issuer in the bond market and also the orderly functioning of the market for Irish...

Written Answers — Department of Finance: Brexit Issues (11 Mar 2021)

Paschal Donohoe: Since the Brexit referendum result in 2016, the Government has taken steps to build up the resilience of the economy. This involved actions across the whole of Government, including supports to businesses to diversify trade beyond the UK market. More recently, to prepare our economy for the immediate impacts of Brexit, the Government in Budget 2021 allocated unprecedented resources to...