Results 9,161-9,180 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Environmental Schemes (13 May 2021)

Paschal Donohoe: Officials from my Department have considered the introduction of a car-scrappage scheme for fossil fuel cars to facilitate the uptake of electric vehicles, and it is the Department’s view that a VRT based car-scrappage scheme is unlikely to work well. Typically, a scrappage scheme works via the mechanism that older cars are traded into dealerships for scrappage, in exchange for a...

Written Answers — Department of Finance: Environmental Policy (13 May 2021)

Paschal Donohoe: I can assure the Deputy that my Department is fully supportive of the reporting obligations and commitments to promote the use of environmental considerations in its procurement of goods and services, as set out in Action No.148 of the Climate Action Plan 2019 and Circular 20/2019. The following Green Public Procurement reporting requirements apply to all Departments: a) Each Department...

Written Answers — Department of Finance: Flood Risk Management (13 May 2021)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial services regulation, including for the insurance sector. It is important at the outset to state that the provision of cover is a commercial matter for insurance companies. This is based on an assessment of the risks they are willing to accept. Consequently, neither I nor the Central Bank...

Written Answers — Department of Finance: Housing Schemes (12 May 2021)

Paschal Donohoe: The Central Bank of Ireland, as part of its independent mandate to preserve and protect financial stability in Ireland, has statutory responsibility for the regulation of mortgage lending by banks and other regulated entities. In line with the Central Bank’s mandate, the Central Bank introduced macroprudential measures for residential mortgage lending by such institutions in...

Written Answers — Department of Finance: Departmental Schemes (12 May 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment as their home. The incentive provides a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. As part of the Government’s July 2020 Jobs...

Written Answers — Department of Finance: Departmental Schemes (12 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: Departmental Schemes (12 May 2021)

Paschal Donohoe: Firstly, it should be noted that this proposed joint venture is subject to approval by the Competition and Consumer Protection Commission (CCPC) and as such it is not appropriate for me to comment on this proposed joint venture in more detail. I understand the CCPC will complete a detailed and robust examination and subsequently either approve, approve subject to commitments or block the...

Written Answers — Department of Finance: Departmental Expenditure (12 May 2021)

Paschal Donohoe: I can advise the Deputy that the Department of Finance has no record of any spend on advertising in relation to Covid-19 awareness raising initiatives from 1st March 2020 to date.

Written Answers — Department of Finance: Departmental Schemes (12 May 2021)

Paschal Donohoe: Ireland has traditionally been a strong supporter of sustainable finance initiatives, and the Irish Government has long recognised the need for action on these initiatives both to take advantage of the associated opportunities and to address the need for transition from unsustainable practices. Reflecting this, sustainable finance is a specific horizontal priority within the...

Residential Property Market: Motion [Private Members] (11 May 2021)

Paschal Donohoe: I thank the Acting Chair for the opportunity to respond to the different points made, and, indeed, to respond to some of the charges made against the Government, my party and the Ministers working on responding to the great challenge we face. Let me begin by making it completely clear where this Government and I stand and where previous Governments have stood, and whose side we are on....

Written Answers — Department of Finance: Covid-19 Pandemic Supports (11 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: Tax Collection (11 May 2021)

Paschal Donohoe: In the case of a person who lives in Ireland but who works in another jurisdiction, the general tax position is that, as an Irish resident, they would be subject to Irish tax on their worldwide income from any source, including the employment exercised outside of the State. At the same time, the employment may also be subject to tax in the country in which the work is carried out. In...

Written Answers — Department of Finance: Mortgage Lending (11 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: Departmental Schemes (11 May 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive was introduced in 2017. The measure is currently scheduled to expire on 31 December 2021. HTB gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. An increase in the supply of new housing remains a priority aim of Government policy. The HTB scheme is...

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

Paschal Donohoe: Last month, KBC confirmed that it has entered into a Memorandum of Understanding with Bank of Ireland, which could potentially lead to a transaction where Bank of Ireland acquires a substantial amount of KBC Bank Ireland’s performing loan assets and liabilities. KBC has stated that it is also reviewing its options to divest KBC Bank Ireland’s remaining non-performing mortgage...

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

Paschal Donohoe: The Central Bank has advised that it does not comment on the commercial decisions of individual regulated entities. Where a loan is sold or transferred to another regulated entity, it will be subject to the terms of the credit agreement and the protections that were available to borrowers prior to the transaction will also continue to be in place with the new owner. It is worth noting that...

Written Answers — Department of Finance: Tax Reliefs (11 May 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 Measure in the Public Interest (Covid-19) Act 2020 and was an emergency measure to deal with the impact of the Covid-a9 pandemic on the economy. Over 66,600 employers were supported through the TWSS in respect of more than 664,500 employees at a cost of €2.8bn....

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

Paschal Donohoe: Finance Act 2008 introduced the Accelerated Capital Allowance (ACA) scheme for Energy Efficient Equipment (EEE). The purpose of the scheme is to improve the overall energy efficiency of Irish businesses, and thereby to aid Ireland in meeting our national targets and binding and non-binding EU targets on energy savings and the reduction of carbon emissions The ACA scheme is based on the...

Written Answers — Department of Finance: Departmental Funding (11 May 2021)

Paschal Donohoe: I wish to inform the Deputy that neither my Department, nor any of the bodies under the aegis of my Department, has allocated funding to An Taisce during the specified timeframe.

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

Paschal Donohoe: The Deputy will be aware that a company may claim capital allowances on capital expenditure it incurs on certain types of business assets and business premises. Capital allowances are generally calculated on the net cost of the business asset. There are different rates available depending on the type of asset such as on plant and machinery, motor vehicles, industrial buildings, transmission...