Results 9,161-9,180 of 32,572 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic (10 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 payment breaks...

Written Answers — Department of Finance: Covid-19 Pandemic (10 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: Economic Data (10 Mar 2021)

Paschal Donohoe: Professor Honohan’s letter compares Ireland’s economic prosperity internationally using per capita measures of Gross Domestic Product (GDP), modified Gross National Income and Actual Individual Consumption. As the letter highlights, using GDP as a comparative measure of the size of the Irish economy internationally is not representative as it does not accurately reflect what is...

Written Answers — Department of Finance: Tax Code (10 Mar 2021)

Paschal Donohoe: The Deputy will be aware that at their 26 February meeting, the G20 Finance Ministers and Central Bank Governors re-iterated their support for finding a solution to the tax challenges raised by globalisation and the digitalisation of the economy. I share this goal, and in this context, Ireland is engaging constructively in the discussions at the OECD/G20 Inclusive Framework on BEPS where...

Written Answers — Department of Finance: Financial Services Regulation (10 Mar 2021)

Paschal Donohoe: I have not engaged directly with J and E Davy regarding the investigation and sanction by the Central Bank of Ireland but the Deputy will be aware of statements I have made on the matter since it emerged into the public domain, reflecting the seriousness in which I view the matter. The Deputy will also be aware of the decision by the Board of the NTMA on 8th March to withdraw J &...

Written Answers — Department of Finance: Departmental Advertising (10 Mar 2021)

Paschal Donohoe: I can advise the Deputy that my Department has no record of any spend on advertising in relation to Covid-19 involving the media outlets named, from 1st March 2020 to 1st March 2021.

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (10 Mar 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive was introduced in 2017. The measure is scheduled to expire on 31 December 2021. Revenue provide monthly and annual statistics on the scheme (available at: ). The table following summarises approved claims for each year since the inception of the scheme until end 2020 (the latest date for which data are available). 2017 2018 2019 ...

Written Answers — Department of Finance: Tax Code (4 Mar 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 (4 Mar 2021)

Paschal Donohoe: While regulated lenders must comply with the various rules within the consumer protection framework, the extension of credit by lenders to potential customers is a commercial decision for the lender themselves and each lender will have its own individual credit lending policies and risk appetite. It is therefore a matter for the lender to determine its own lending policies and the factors it...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (4 Mar 2021)

Paschal Donohoe: The NTMA has informed me that, as part of its ongoing monitoring, ISIF uses the services of EOS at Federated Hermes who are a stewardship service provider to engage on its behalf directly with portfolio companies on a wide range of Environmental, Social and Governance (ESG) matters, including human rights issues. ISIF, through EOS, is also connected to the Investor Alliance on Human Rights...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (4 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 36, 37 and 38 together. The Ireland Strategic Investment Fund (ISIF), which is managed and controlled by the National Treasury Management Agency (NTMA), has a statutory mandate to invest on a commercial basis and in a manner designed to support economic activity and employment in Ireland. To the extent it is not reasonably practicable to hold or invest assets...

Written Answers — Department of Finance: EU Issues (4 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 39 and 40 together. The European Central Bank published a report in October 2020, which examines the issuance of a central bank digital currency (CBDC) – the digital euro – from the perspective of the Eurosystem. A digital euro would potentially be an electronic form of central bank money accessible to all citizens and firms. It would...

Written Answers — Department of Finance: Fiscal Data (4 Mar 2021)

Paschal Donohoe: The assessment of financial stability risks are discussed regularly at meetings of the Financial Stability Group (FSG), which comprises senior management of the Department of Finance, the Central Bank of Ireland and the National Treasury Management Agency. The FSG discussed global stablecoins at its meeting in September 2019. The FSG maintains a watching brief on any potential financial...

Written Answers — Department of Finance: Value Added Tax (4 Mar 2021)

Paschal Donohoe: I do not plan on extending the temporary reduction from 23% to 21% in the standard rate of VAT beyond the 28th of February.

Written Answers — Department of Finance: Tax Code (4 Mar 2021)

Paschal Donohoe: I am advised by Revenue that a person transferring their normal place of residence from outside of the EU may import their personal property free of import charges subject to the ‘Transfer of Residence’ conditions being met. One condition is that the importation of the goods must take place in the period six months before or twelve months after the transfer of residence occurs....

Written Answers — Department of Finance: Banking Sector (4 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'm 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 management of the banks,...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (4 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 45 and 46 together. I am advised by Revenue that at end February 2021, 24,174 applications to register for the Covid Restriction Support Scheme (CRSS) had been received. Of those, 20,689 (86%) have been registered and payments of €333m have issued to those qualifying businesses. Of the remainder, 2,925 (12%) were not eligible for the scheme and 560 (2%)...

Written Answers — Department of Finance: Banking Sector (4 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: Help-To-Buy Scheme (4 Mar 2021)

Paschal Donohoe: I am advised by Revenue that the persons in question made an application for the Help to Buy (HTB) scheme on 29 October 2020. This application was approved by Revenue at that time but as no formal HTB claim was made by the persons, the application expired on 31 December 2020. The persons subsequently made a new application, which has been approved by Revenue. Revenue has also contacted...

Banking Sector: Statements (3 Mar 2021)

Paschal Donohoe: The Deputy raised a specific issue relating to equipment. If he gives me the details of that example, I will ensure he gets an answer.