Results 9,141-9,160 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (18 May 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 Code (18 May 2021)

Paschal Donohoe: I am advised by Revenue that the estimated revenue generated from a rate of 40% on capital gains made on disposals by individuals with income over €250,000 would be in the region of €70m per year. This estimate is based on income and Capital Gains Tax (CGT) returns for the tax year 2018, the latest year for which full income information is available. The estimates assume no...

Written Answers — Department of Finance: Covid-19 Pandemic (18 May 2021)

Paschal Donohoe: As the Deputy may be aware, the IMF recently concluded Ireland’s biennial Article IV consultation. A requirement for all members of the Fund. This process assesses a country’s economic and financial developments, including discussions with the Country's economic and financial policies with Government and Central Bank officials.  This follows the unfortunate, but...

Written Answers — Department of Finance: Data Protection (18 May 2021)

Paschal Donohoe: There were 21 data protection breaches in total identified in the Department of Finance from 2016 to 2021 (to date). See below a table containing the number of data breaches that occurred in each year: Year: Number of Data Breaches: 2016 Nil 2017 Nil 2018 1 2019 8 ...

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

Paschal Donohoe: I am advised by Revenue that the following information is available in respect of claims under s604A up to the tax year 2018: Number of claimants  Amount Claimed € Exchequer Cost € 632 342  113  It should be noted that the cost shown is only in respect of claims on tax returns filed and does not...

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

Paschal Donohoe: The Deputy's request to be provided with the briefing note has been passed to the relevant section within the Department to be processed. The relevant officials are currently making arrangements to provide the note to the Deputy's office.

Written Answers — Department of Finance: Revenue Commissioners (18 May 2021)

Paschal Donohoe: I am advised by Revenue that, in compliance with section 851A of the Taxes Consolidation Act (TCA) 1997, it is not permitted to disclose details relating to the tax affairs of any individual taxpayer or taxable entity, except in certain limited circumstances provided for in law, for example in the case of tax settlements meeting the criteria for publication under section 1086 of the TCA. ...

Written Answers — Department of Finance: Revenue Commissioners (18 May 2021)

Paschal Donohoe: Revenue is not permitted to disclose details relating to the tax affairs of any individual taxpayer or taxable entity in accordance with section 851A of the Taxes Consolidation Act (TCA) 1997, except in certain limited circumstances provided for in law, for example in the case of tax settlements meeting the criteria for publication under section 1086 of the TCA. Revenue is, therefore,...

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

Paschal Donohoe: I wish to advise the Deputy that, in the ten year period from 2011 to 2021, there have been 4 persons employed in my Department on secondment from KPMG and 1 person employed on secondment from Davy Stockbrokers. A record of the former employers of staff members is not kept by my Department. All persons employed by my Department are subject to the Civil Service Code of Standards and...

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

Paschal Donohoe: I propose to take Questions Nos. 311 and 312 together. Finance Act 2016 introduced the IREF regime to address the use of certain fund vehicles to invest in Irish property by non-resident investors, thereby avoiding a charge to tax on profits arising from Irish real estate. The regime provides that the profits arising to an Irish fund from Irish property remain within the charge to Irish tax....

Written Answers — Department of Finance: Covid-19 Pandemic Supports (18 May 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.   Section 11 of the Finance Act 2020 provides the legislative basis for the scheme. The scheme is available to companies, self-employed individuals and...

Written Answers — Department of Finance: Cycling Policy (18 May 2021)

Paschal Donohoe: 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. Under section 118B TCA 1997 an employer and employee may also enter into a salary sacrifice arrangement under which the employee agrees to...

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

Paschal Donohoe: I acknowledge the continuing cost pressures on parents with young children.  In recognition of these pressures, a number of support measures are already in place to ease the burden on working parents. These include various tax-exempted child-care related supports provided by the Minister for Children, Equality, Disability, Integration and Youth and measures such as the...

Written Answers — Department of Finance: Tax Reliefs (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 the applicant must hold a...

Written Answers — Department of Finance: Fuel Prices (13 May 2021)

Paschal Donohoe: The final retail price of fuel is determined by a number of factors which include the costs of production, distribution, global market factors, international exchange rates, taxation, wholesale market contracts as well as individual retail pricing policies. 2020 saw historic lows in oil markets in light of the fall off in demand caused by Covid-19 lockdown measures. According to energy market...

Written Answers — Department of Finance: Primary Medical Certificates (13 May 2021)

Paschal Donohoe: Following approval of the Finance Act 2020, which provides for the medical criteria for the Disabled Drivers Scheme in primary legislation, a comprehensive review of the scheme, to include a broader review of mobility supports for persons with disabilities and the criteria for qualification for the Scheme, will be conducted this year. On foot of that review new proposals will be brought...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (13 May 2021)

Paschal Donohoe: The objective of the Employment Wage Subsidy Scheme (EWSS) is to support all employment and maintain the link between the employer and employee insofar as is possible. The EWSS has been a key component of the Government’s response to the continued Covid-19 crisis to support viable firms and encourage employment in the midst of these very challenging times. To date, payments of over...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (13 May 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. 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 to tax under Case I of Schedule D,...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (13 May 2021)

Paschal Donohoe: The Ireland Strategic Investment Fund (ISIF) has informed me that matters related to Activate Capital are commercial matters and therefore it is not appropriate for me to comment on them as Minister for Finance. However, the ISIF has a current commitment of €400m to Activate Capital, a senior lending platform which funds residential development projects in Ireland. Since inception to...

Written Answers — Department of Finance: Renewable Energy Generation (13 May 2021)

Paschal Donohoe: Section 664 of the Taxes Consolidation Act 1997 (‘relief for certain income from leasing of farm land’) provides for the exemption of certain income from tax in connection with the leasing of farm land, where the land is let under a qualifying lease. This particular relief was designed to encourage longer term leases of farm land, with the targeted policy objective of assisting...