Results 9,201-9,220 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector (6 May 2021)

Paschal Donohoe: All credit institutions in Ireland are independent commercial entities and I have no statutory role in relation to the charges applied by credit institutions. Section 149 of the Consumer Credit Act 1995 requires that credit institutions and bureaux de change notify the Central Bank if they wish to introduce any new customer charge for providing a service or increase any existing customer...

Written Answers — Department of Finance: Brexit Supports (6 May 2021)

Paschal Donohoe: I am advised by Revenue that training as regards the customs formalities and requirements arising from the UK’s departure from the EU is a matter primarily for each business to determine based on its business model, supply chain, level of existing customs expertise, if any, and any contractual arrangement in place with a customs agent to undertake and complete customs formalities on...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (5 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 CRSS was announced in the Budget on 13 October 2020. The details are set out in Finance Act 2020 and guidelines on the operation of the scheme, including the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (5 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 205, 215 and 216 together. I believe that with regard to "staycation supports", Deputy Smith may be referring to the Stay and Spend Tax Credit scheme which terminated on 30 April. While I recognise the significant difficulties that remain to be faced by the hospitality sector, the decision not to extend the scheme into the summer months was taken in...

Written Answers — Department of Finance: Insurance Industry (5 May 2021)

Paschal Donohoe: It is important to note that as Minister for Finance, I do not have responsibility for issues in relation to health insurance, and therefore my answer will relate primarily to life insurance. In general, whether an individual can make a claim in relation to life insurance cover will depend on the specifics of the policy, including in the scenario referenced in the question. The Deputy will...

Written Answers — Department of Finance: Credit Unions (5 May 2021)

Paschal Donohoe: Credit unions in Ireland are regulated and supervised under the Credit Union Act, 1997 (the 1997 Act) and regulations issued by Central Bank, which set out the framework for the registration, regulation and operation of credit unions. Board of directors Sections 53-57 of the 1997 Act set out the relevant legislative provisions relating to the directors of credit unions. The process for the...

Written Answers — Department of Finance: Banking Sector (5 May 2021)

Paschal Donohoe: Independent ATM providers are regarded as Professional Cash Handlers and as such they are monitored by the Central Bank of Ireland for compliance with the Decision of the European Central Bank (ECB/2010/14) on the authenticity and fitness checking and recirculation of euro banknotes. The revised Payment Services Directive (PSD2) regulates payment service providers across Europe and...

Written Answers — Department of Finance: Value Added Tax (5 May 2021)

Paschal Donohoe: Gym membership fees are considered to be the right of admission to facilities for taking part in sporting or physical education activities. The EU VAT Directive permits the application of a rate of not less than 5% for such services, and accordingly the second reduced rate of VAT, currently 9%, has been applied to gym membership fees. Where separate charges apply in respect of training...

Written Answers — Department of Finance: Departmental Investigations (5 May 2021)

Paschal Donohoe: The Department of Finance is a high performing professional organisation which operates to the highest standards. To ensure the Department achieves priority outcomes the aim is to sustain and foster a culture and related values that exemplify ethical behaviour and effective governance. These shared values drive behaviour and define a culture that support the efforts to deliver the mission in...

Written Answers — Department of Finance: Wage Subsidy Scheme (5 May 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which operated from 26 March 2020 to 31 August 2020 provided income support to eligible employees whose employers were negatively affected by the COVID-19 pandemic. The scheme was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. Under the scheme, employers were expected to make best efforts to maintain their...

Written Answers — Department of Finance: Banking Sector (5 May 2021)

Paschal Donohoe: It is important to highlight that, as Minister for Finance, I have no role to play in negotiations between KBC Group and Bank of Ireland which could see the latter party acquiring substantially all of KBC’s Irish business. Nor do I have a role in approving any deal that may be agreed between the two parties. Although the State has a 14% minority shareholding in Bank of Ireland,...

Written Answers — Department of Finance: Wage Subsidy Scheme (5 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-19 pandemic on the economy. The very latest data from Revenue indicate that over 66,600 employers were supported through the TWSS in respect of more...

Written Answers — Department of Finance: Banking Sector (5 May 2021)

Paschal Donohoe: The retail financial services sector is undergoing a major period of change. In the last two months, we have seen several major announcements including the withdrawal of Ulster Bank and the potential withdrawal of KBC Bank Ireland, the forthcoming closure of a large number of bank branches by Bank of Ireland and a much smaller number by AIB. The sector is facing a number of long...

Written Answers — Department of Finance: Charitable and Voluntary Organisations (5 May 2021)

Paschal Donohoe: I can advise the Deputy that my Department has no oversight of the funding provided to the NGO and charity sector per annum. I wish to note that my response refers only to Department of Finance records and I cannot comment on behalf of other Government Departments.

Written Answers — Department of Finance: Charitable and Voluntary Organisations (5 May 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department has no record of any funding being provided by it to the NGO and charity sector in the years 2000 to 2020. I wish to note that my response refers only to Department of Finance records and I cannot comment on behalf of other Government Departments.

Written Answers — Department of Finance: Charitable and Voluntary Organisations (5 May 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department has no record of any funding being provided by it to the NGO and charity sector in the years 2010 to 2020. I wish to note that my response refers only to Department of Finance records and I cannot comment on behalf of other Government Departments.

Written Answers — Department of Finance: Departmental Legal Costs (5 May 2021)

Paschal Donohoe: It has not been possible in the time available to compile all the information required. However my officials will follow up with the Deputy in writing.

Written Answers — Department of Finance: Value Added Tax (5 May 2021)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of which Member States may apply a...

Written Answers — Department of Finance: Insurance Industry Regulation (5 May 2021)

Paschal Donohoe: I propose to take Questions Nos. 222, 223, 224, 225 and 226 together. At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal and policy framework governing financial regulation. As such, my Department does not collect the type of information being sought by the Deputy. Nonetheless, in response to the Deputy’s question, my...

Written Answers — Department of Finance: Value Added Tax (29 Apr 2021)

Paschal Donohoe: In recognition of the unprecedented challenges facing the sector, I provided for a reduction in the VAT rate for the hospitality sector, including hairdressing services, in Budget 2021. The rate was reduced from 13.5% to 9% from 1 November 2020 to 31 December 2021.  Those changes introduced in the context of the pandemic are kept under review by my Department. Separately, tax changes...