Results 9,221-9,240 of 32,572 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Haulage Industry (3 Mar 2021)

Paschal Donohoe: The Diesel Rebate Scheme (DRS) has been continuously in operation since July 2013. This is a scheme for hauliers and bus operators which provides a marginal rate of compensation for the cost of fuel excise when the retail price of auto diesel is relatively high. The DRS is operated by the Revenue Commissioners, who will repay some of the mineral oil tax paid by a qualifying road transport...

Written Answers — Department of Finance: Help-To-Buy Scheme (3 Mar 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. It also has as a key aim the encouragement of additional supply of new houses by supporting demand. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits...

Written Answers — Department of Finance: Wage Subsidy Scheme (3 Mar 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020 to provide income support to eligible employees where the employer’s business activities were negatively impacted by the COVID-19 pandemic. This scheme ended on 31 August 2020 and was replaced by the Employer Wage Subsidy Scheme (EWSS) from 1 September 2020. The transitional phase of TWSS operated until 3 May 2020...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Mar 2021)

Paschal Donohoe: I wish to advise the Deputy that I have no responsibility for Travel Agents and there are no plans to extend the eligibility criteria for the Covid Restrictions Support Schemes. Queries in relation to the Covid Business Aid Scheme should be directed to my colleague, the Minister for Enterprise, Trade and Employment.

Written Answers — Department of Finance: Legislative Measures (3 Mar 2021)

Paschal Donohoe: As the Deputy will be aware, the Programme for Government includes a commitment to introduce a Senior Executive Accountability Regime (SEAR). SEAR will drive positive changes in terms of culture, greater delegation of responsibilities, and enhanced accountability while simplifying the taking of sanctions against individuals who fail in their financial sector roles. My officials are engaging...

Written Answers — Department of Finance: Value Added Tax (3 Mar 2021)

Paschal Donohoe: Used cars that are imported into NI from GB after 31 December 2020, under the rules currently in force in the UK are not single market goods and cannot be brought into the State as if they were. Therefore, when they are brought into the State, they are liable for VAT and duty on the same basis as used cars brought into the State from Britain.

Written Answers — Department of Finance: Vehicle Registration Tax (3 Mar 2021)

Paschal Donohoe: Vehicle Registration Tax is provided for in the 1992 Finance Act and subsequent amending legislation and is due on a vehicle’s first registration in the State. The tax is calculated on the basis of the Open Market Selling Price (OMSP) and the CO2 and NOx emissions of the vehicle. There is no provision to provide different VRT rates on the basis of the previous ownership of the vehicle.

Written Answers — Department of Finance: EU Directives (3 Mar 2021)

Paschal Donohoe: Ireland supports transparency and good governance for corporates including “country-by-country” reporting by MNEs to national tax authorities. The Finance Act 2015 introduced obligations for relevant companies to report to the Revenue Commissioners in line with agreements on tax transparency agreed as part of the OECD BEPS process. The European Commission made a proposal in...

Written Answers — Department of Finance: Mortgage Lending (3 Mar 2021)

Paschal Donohoe: 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 COVID-19. 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 to their customers who were impacted by...

Written Answers — Department of Finance: Horse and Greyhound Fund (3 Mar 2021)

Paschal Donohoe: Under Section 12 of the Horse and Greyhound Racing Act, 2001, the horse and greyhound racing industries receive financial support from the State through the Horse and Greyhound Racing Fund (the Fund). In the period 2001 to 2020 a total of €1,365,991,713 billion has been paid from the Fund in accordance with the provisions of the Act. Monies are paid out of the fund in the ratio of...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Mar 2021)

Paschal Donohoe: The Pandemic Unemployment Payment (PUP) is a social welfare payment for workers who have become unemployed due to the COVID-19 pandemic. PUP payments are classified in legislation as income supports and are subject to income tax. The taxation arrangements for the PUP were legislated for in Finance Act 2020 which reflects the standard approach to taxation of social welfare type payments, which...

Written Answers — Department of Finance: National Asset Management Agency (3 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 211 and 213 together. I am advised that NAMA leases office space from the NTMA. In 2019, the NTMA moved to a new premises at Treasury Dock, North Wall Quay. Accordingly, NAMA also moved its offices to the new premises. Fit out of the entire space was required prior to occupation by the NTMA and NAMA. The NAMA CEO’s office is located on the 2nd floor of...

Written Answers — Department of Finance: National Treasury Management Agency (3 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 212, 214 and 215 together. The NTMA have informed me that their Treasury Dock premises contains a large meeting room which is used to host board meetings as well as other meetings and events. I am advised that this room can hold 26 persons in boardroom style, however, it can also be used as large meeting rooms and so is designed to allow for a variety of set...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 216, 230 and 233 together. The purpose of the Stay and Spend Tax Credit scheme is to provide targeted support to businesses within the hospitality sector whose operations are likely to be most affected by continued restrictions on public health grounds. The scheme was developed at a time when there appeared to be a steady downward trend in infection...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Mar 2021)

Paschal Donohoe: As the Deputy will be aware on 18 March last the Banking and Payments Federation of Ireland (BPFI) announced a coordinated approach by banks and other lenders to help their customers who were economically impacted by the Covid-19 crisis. The measures included flexible loan repayment arrangements where needed, including loan payment breaks initially for a period up to three months and then...

Written Answers — Department of Finance: Revenue Commissioners (3 Mar 2021)

Paschal Donohoe: Since 1 January, imports of goods from Great Britain must be declared to customs and are liable to customs duty, if applicable, and VAT at import. Under the terms of the Ireland/Northern Ireland Protocol, trade in goods between the State and Northern Ireland should continue as before, with no requirement for customs declarations or liability to customs duty and VAT at import. The...

Written Answers — Department of Finance: Tax and Social Welfare Codes (3 Mar 2021)

Paschal Donohoe: I wish to advise the Deputy that membership of the Commission on Taxation and Welfare is under consideration. The terms of reference are being finalised and decisions will be made shortly on resourcing matters. The operational date of the Commission will be confirmed in due course.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Mar 2021)

Paschal Donohoe: The main direct Covid-19 supports under the aegis of my Department and the Revenue Commissioners are the Employment Wage Subsidy Scheme (EWSS) and the Covid Restriction Support Scheme (CRSS). The EWSS was legislated for under the Financial Provisions (Covid-19) (No. 2) Act 2020. The scheme is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy and to deliver...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Mar 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. Details of CRSS are set out in Finance Act 2020 and detailed operational guidelines, which are based on the terms and conditions of the scheme as set out in the legislation, have been published on the...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (3 Mar 2021)

Paschal Donohoe: As the Deputy will be aware, one of my main concerns and that of Government is to ensure that SMEs have access to sufficient liquidity, and that access to credit for viable SMEs is maintained. A range of supports have been put in place to support businesses including the Covid-19 Credit Guarantee Scheme which is operated by the SBCI on behalf of the Department of Enterprise Trade and...