Results 9,121-9,140 of 33,175 for speaker:Paschal Donohoe

Financial Resolution 2021 - Financial Resolution: Stamp Duties (19 May 2021)

Paschal Donohoe: I move: (1) THAT, for the purposes of stamp duty charged by virtue of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), that Act be amended— (a) by the insertion of the following section after section 31D: “Stamp duty on certain acquisitions of residential property 31E. (1) In this section— ‘Act of 1997’ means the Taxes Consolidation Act 1997;...

Financial Resolution 2021 - Financial Resolution: Stamp Duties (19 May 2021)

Paschal Donohoe: I present this evening a financial resolution on stamp duties. Its purpose is to amend the Stamp Duties Consolidation Act 1999 through the insertion of a new section, 31E, titled "Stamp duty and certain acquisitions of residential property". It does this by imposing higher stamp duty charges on multiple purchases of residential units to take effect from midnight tonight. It is one part of...

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

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide scheme that is open to all sectors. It focuses primarily on business eligibility, delivering a per-head subsidy on a flat rate basis to the employer. The objective of the EWSS is to support businesses, encourage employment and help to maintain the link between employers and employees. The EWSS has been a key component of the...

Written Answers — Department of Finance: State Aid (19 May 2021)

Paschal Donohoe: In Budget 2020, I provided for the introduction of a number of enhancements to the R&D tax credit for micro and small companies, including an increase in the rate of credit and an enhanced method of calculating the payable credit. These measures were introduced subject to a Commencement Order pending State aid approval from the Commission, given the targeted nature of the measures...

Written Answers — Department of Finance: State Aid (19 May 2021)

Paschal Donohoe: The objective of the Key Employee Engagement Programme (KEEP) is to assist small to medium size businesses in competing with larger companies when attempting to attract and retain key employees. The scheme offers a financial reward linked to the success of the company, an incentive that a potential key member of staff would not get at a larger company. KEEP has been in operation since 2018. ...

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

Paschal Donohoe: The Debt Warehousing Scheme remains available to support businesses that are experiencing tax payment difficulties arising from the COVID-19 pandemic and will not cease when public health restrictions are lifted. The liabilities being warehoused will be subject to lower interest rates (0% for the first 12 months and 3% per annum thereafter) until the liabilities are paid. The scheme...

Written Answers — Department of Finance: Real Estate Investment Trusts (18 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 284 to 286, inclusive, together. I am advised by Revenue that due to the small number (less than 10) of REITs that operate in Ireland and Revenue’s obligation to maintain the confidentiality of taxpayer information, specific quantitative information in relation to these entities cannot be provided. However, in relation to PQ 25712/21, I am...

Written Answers — Department of Finance: Grant Payments (18 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: Farm Safety (18 May 2021)

Paschal Donohoe: At Report stage of the 2020 Finance Bill I introduced a new section to make provision for a Farm Safety and Disabilities Adaptation Equipment Accelerated Capital Allowances (ACA) scheme. Currently, capital allowances are available at 12.5% p.a. over eight years for agricultural equipment generally.  The scheme will provide for ACAs at 50% p.a. over two years for eligible specified farm...

Written Answers — Department of Finance: Tax Code (18 May 2021)

Paschal Donohoe: As the Deputy will be aware, in Budget 2021 I announced that the 9% rate of value-added tax would apply from 1 November 2020 to 31 December 2021 to the supply of restaurant and catering services, guest and holiday accommodation and entertainment services such as admissions to cinemas, theatres, museums, fairgrounds, and amusement parks.  Future tax changes are generally taken in the...

Written Answers — Department of Finance: Tax Code (18 May 2021)

Paschal Donohoe: It is presumed that the Deputy is referring to Real Estate Investment Trust regime. Finance Act 2013 introduced the regime for the operation of Real Estate Investment Trusts (REITs) in Ireland, based on an established international standard. The purpose of the REIT regime is to allow for a collective investment vehicle which provides a comparable after-tax return to investors to direct...

Written Answers — Department of Finance: Tax Code (18 May 2021)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. Under domestic legislation, professional medical care services recognised as such by the Department of Health and Children are exempt from VAT. Professional medical care services recognised by the Department of Health and Children are generally those medical care services...

Written Answers — Department of Finance: Tax Code (18 May 2021)

Paschal Donohoe: I wish to advise the Deputy that the position remains as set out in my reply to his question of 10 February last.  No further engagement in relation to the issue has arisen.

Written Answers — Department of Finance: Legislative Process (18 May 2021)

Paschal Donohoe: The Department of Finance has not contracted the services of accountancy firms or accountancy consultants with respect to the legislative reform of the way investment funds operate within the State with respect to the purchase of housing or residential dwellings, as described by the Deputy. Institutional investment in the residential property market is critically important to ensure the...

Written Answers — Department of Finance: EU Funding (18 May 2021)

Paschal Donohoe: Ireland's contribution to the EU Budget is an obligation of EU membership and is a charge on the Central Fund under national legislation. The contribution formula for the EU Budget is comprised of Traditional Own Resources (customs duties), a VAT-based payment and a residual balancing component paid in accordance with each Member State's share of EU Gross National Income (GNI). These...

Written Answers — Department of Finance: EU Funding (18 May 2021)

Paschal Donohoe: The Department of Finance is responsible for making Ireland’s contributions to the EU Budget, as part of the Multiannual Financial Framework (MFF). The MFF is a seven year framework regulating the EU's annual budget. It consists of approximately 45 individual programmes, not including administrative expenditure for the European Parliament, Commission, Council and...

Written Answers — Department of Finance: EU Funding (18 May 2021)

Paschal Donohoe: The Department of Finance is responsible for making Ireland’s contributions to the EU Budget, as part of the Multiannual Financial Framework (MFF). The European Defence Fund (EDF) supports competitive collaborative defence projects through research and development. The overall value of the EDF under the MFF for 2021-2027 is €7bn.  Contributions to the EU budget are...

Written Answers — Department of Finance: Sustainable Development Goals (18 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 297 and 298 together. As the Deputy will be aware, in September 2015, 193 UN Member Countries including Ireland adopted the Sustainable Development Goals (SDGs) which consist of 169 targets around 17 high level goals. The SDGs are a global blueprint for collective progress to a more prosperous and sustainable world by 2030. The SDGs are applicable to all...

Written Answers — Department of Finance: Social Media (18 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 299, 300 and 317 together. My Department has a contract with Ruepoint Media Ltd. to supply daily media monitoring services covering print, broadcast and online media but not social media. Monitoring of social media is covered by staff in my Department’s Press Office as part of their regular duties. The Press Office is currently staffed by 1...

Written Answers — Department of Finance: Departmental Investigations (18 May 2021)

Paschal Donohoe: Mazars are party to a framework agreement to investigate protected disclosures for all Government Departments which was established by the Office of Government Procurement. Since 21 May 2020, my Department has engaged Mazars to investigate a protected disclosure received by the Minister for Finance from a person external to the Department. The cost of this investigation to date is...