Results 9,081-9,100 of 32,572 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Ministerial Meetings (24 Mar 2021)

Paschal Donohoe: The withdrawal of Ulster Bank from the market and the decision by Bank of Ireland to close 88 branches in the Republic of Ireland are regrettable, particularly for its customers and staff and is an unfavourable development for the Irish banking market. Decisions in this regard, including the management of branch networks, are the sole responsibility of the board and management of the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 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: Bank Charges (24 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 am 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: Insurance Costs (24 Mar 2021)

Paschal Donohoe: As the Deputy is aware, neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products. This position is reinforced by the EU Solvency II Directive insurance framework. Consequently, I am not in a position to direct insurance companies as to their business activities, including in relation to how they price premiums. Notwithstanding the above,...

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

Paschal Donohoe: In responding to the Deputy's question, I would draw attention to the existing reliefs that are already available to property owners selling their home and to first-time buyers. Capital Gains Tax Capital gains tax (CGT) is chargeable on any gain arising on the disposal of an asset at the rate of 33%. The first €1,270 of chargeable gains of an individual in any year are exempt from...

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

Paschal Donohoe: I wish to infrom the Deputy that my Department does not own or lease any vehicles, nor does it operate vehicles to conduct any Departmental duties. There are 17 bodies under the aegis of my Department, 3 of which own or operate vehicles. These 3 bodies are the Central Bank, the National Treasury Management Agency (NTMA) and the Office of the Revenue Commissioners. The Central Bank of Ireland...

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

Paschal Donohoe: I propose to take Questions Nos. 479 and 484 together. In relation to the questions raised by the Deputies regarding the cost of insurance and the Personal Injuries Guidelines, I would first note that addressing the cost of insurance is a key aim of the Government’s Action Plan for Insurance Reform. In this regard, I welcome the recent publication of the Personal Injuries...

Written Answers — Department of Finance: Credit Unions (24 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 480 to 482, inclusive, together. The Government welcomes the important work credit unions are doing to support communities throughout Ireland at this difficult time and recognises the key role that credit unions play in the delivery of financial services in local communities across Ireland. As part of the formation of the new...

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

Paschal Donohoe: I propose to take Questions Nos. 483 and 496 together. The Domicile Levy was introduced in the Finance Act 2010 to ensure that Irish-domiciled individuals who meet certain criteria make a contribution to the Exchequer, irrespective of where they are resident for tax purposes. The purpose of the levy is to ensure that individuals with substantial income and assets located in the State make...

Written Answers — Department of Finance: Defective Building Materials (24 Mar 2021)

Paschal Donohoe: I appreciate this is a very difficult issue for households which have been affected by defective concrete blocks.  I note my colleague the Minister for Housing, Local Government and Heritage, who has responsibility for policy and administration of the State scheme to provide financial assistance to those private households impacted by defective blocks, has met and...

Written Answers — Department of Finance: Wage Subsidy Scheme (24 Mar 2021)

Paschal Donohoe: Revenue is independent in the exercise of its functions and I have no plans to engage with Revenue as proposed in the Deputy's question. Payments made under the Temporary Wage Subsidy Scheme (TWSS) and the Pandemic Unemployment Payment (PUP) are regarded as income supports and share the characteristics of income. As such the TWSS is liable to both income tax and Universal Social...

Written Answers — Department of Finance: Financial Services Regulation (24 Mar 2021)

Paschal Donohoe: I am aware of the matter that the Deputy has raised, which my officials are monitoring. The Central Bank of Ireland is the independent regulator of financial services providers and financial markets in Ireland. I am informed by the Central Bank that it cannot comment on investigations, including confirming whether an issue or firm is the subject of an investigation....

Written Answers — Department of Finance: Wage Subsidy Scheme (24 Mar 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020. It was legislated for in section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020 and was an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. Over 66,500 employers were supported through the TWSS in respect of more than 664,000 employees at a cost of...

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

Paschal Donohoe: I am aware of recent representations received by my office and the Office of the Revenue Commissioners from the person referred to, and am advised that the most recent reply issued to the person from Revenue on 26 February. In that reply, the person was assured that Revenue is very conscious of the challenges facing businesses and tax practitioners arising from the COVID-19...

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

Paschal Donohoe: For the purposes of Capital Acquisitions Tax, the relationship between the person who provides the gift or inheritance and the person who receives the gift or inheritance determines the lifetime tax-free threshold (the Group Threshold) below which gift or inheritance tax does not arise. It is a long-held principle of Capital Acquisitions Tax that transfers of assets between spouses are...

Written Answers — Department of Finance: Wage Subsidy Scheme (24 Mar 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020. It was legislated for in section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020 and was an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. Over 66,500 employers were supported through the TWSS in respect of more than 664,000 employees at a cost of...

Written Answers — Department of Finance: National Asset Management Agency (24 Mar 2021)

Paschal Donohoe: I am advised by NAMA that they are currently compiling the information as requested by the Deputy. Unfortunately they were not in a position to finalise the information within the timeframe provided, therefore I will provide this information directly to the Deputy once it is received from NAMA.

Written Answers — Department of Finance: Central Bank of Ireland (24 Mar 2021)

Paschal Donohoe: Deputy, please see below the details of payments made by the Central Bank to accountancy and law firms for the years 2018, 2019 and 2020. The Bank has also provided figures for January and February of 2021, which are the latest details available. In terms of accountancy fees, the details below capture all of the amounts incurred by the Central Bank in relation to costs posted to the...

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

Paschal Donohoe: I can advise the Deputy that no pro-bono work was undertaken by accountancy firms within the Department of Finance for the period 2016 to date.

Written Answers — Department of Finance: Revenue Commissioners (24 Mar 2021)

Paschal Donohoe: I have answered this question with the assumption that it refers to consultancy payments paid by the Revenue Commissioners to law and accountancy firms. I am advised by Revenue that €35.37m was paid to providers of legal and accountancy services from January 2018 to February 2021, inclusive. A breakdown of these payments is set out in the table below. SSHA