Results 9,301-9,320 of 32,572 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Ministerial Advisers (24 Feb 2021)

Paschal Donohoe: I wish to inform the Deputy that on the commencement of every Dáil, the Department of Public Expenditure and Reform issues guidelines setting out the arrangements for the staffing of Ministerial Offices. The appointment of Special Advisers is subject to section 11 of the Public Service Management Act 1997. The appointment of individual Special Advisers is a matter for each Government...

Written Answers — Department of Finance: Departmental Staff (24 Feb 2021)

Paschal Donohoe: I wish to advise the Deputy that there are multiple Civil Service pay scales and too many to provide in tabular form below. The current pay scales, effective since 1st October 2020, can be found at . The table below details the headcount of grades by gender in my Department. It also provides the minimum and maximum salary values for each grade. Salary...

Written Answers — Department of Finance: Departmental Reviews (24 Feb 2021)

Paschal Donohoe: I can advise the Deputy that my Department is currently carrying out the following live studies, reviews and research projects: Live studies, reviews and research Scheduled for completion Review of Home Building Finance Ireland (HBFI) in line with Section 24(2) of the HBFI Act. Q1 2021 Public consultation on the implementation of...

Written Answers — Department of Finance: Tax Yield (24 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 181 and 182 together. The digitalisation of the economy in recent years has brought changes to how business operates and pays tax internationally. Some countries have sought to address this by introducing unilateral domestic digital taxes. It is my strong belief that addressing the tax challenges arising from digitalisation is a global problem which...

Written Answers — Department of Finance: Housing Issues (24 Feb 2021)

Paschal Donohoe: I would like to advise the Deputy that, as the Minister for Finance, I am not in a position to comment on the activities of specific taxpayers. I can however provide the following overview of the tax regime applicable to different types of collective investment in Irish property. The normal tax treatment afforded to collective investment funds is that the monies invested are allowed to...

Written Answers — Department of Finance: Tax Yield (24 Feb 2021)

Paschal Donohoe: I am informed by the Revenue Commissioners that the yield from Life Assurance Exit Tax was €128 million in 2019 and the provisional yield for 2020 is €124 million. The forecasts published by my Department as part of Budget 2021 forecast a yield of €125 million for Life Assurance Exit Tax in 2021. However, the Deputy should be aware that these forecasts were based on the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 189 and 196 together. I am advised by Revenue that 23,590 applications have been received to date under the Covid Restrictions Support Scheme (CRSS). Of these, 20,165 (85%) successfully registered for the scheme with €307 million paid out to date. Of the remaining 3,425 applications, 449 cases are currently being processed, while 2,976 cases...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 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: Vehicle Registration Tax (24 Feb 2021)

Paschal Donohoe: I am advised by Revenue that the cost of Vehicle Registration Tax (VRT) relief on electric cars since its introduction is set out in the following table. Cost of relief €m 2006 0.003 2007 0.003 2008 0.02 2009 0.03 2010 0.2 2011 ...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (24 Feb 2021)

Paschal Donohoe: ISIF publishes bi-annual reporting which contains an update on the status of the operation of the Ireland Strategic Investment Fund, including economic impact reporting. The latest report available on the ISIF website at the following link: ) sets out an overview of ISIF as at 31 December 2020, together with an economic impact report in respect of H1 2020: - ISIF portfolio has generated in...

Written Answers — Department of Finance: Tax Compliance (24 Feb 2021)

Paschal Donohoe: I am advised by Revenue that employees in some sectors, such as the construction industry, may be required to travel to work at different sites. The payment of country money is designed to compensate such employees for expenses incurred travelling varying distances to and from building sites and to cover subsistence expenses. Country money can be paid without deduction of tax where...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which is provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, operated from 26 March 2020 to 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. The scheme was introduced as an emergency measure to provide financial support to businesses that were severely...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 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: Property Tax (24 Feb 2021)

Paschal Donohoe: The Finance (Local Property Tax) Act 2012 (as amended) provides that any property that is in use as, or that is suitable for use as, a dwelling house, is liable to the local property tax (LPT). Therefore, the condition of a property is not relevant where the property is actually occupied as a dwelling house. Where a property is not occupied and is in such bad condition that it is not...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (24 Feb 2021)

Paschal Donohoe: The NTMA has advised me that ISIF integrates a wide range of Environmental, Social and Governance (ESG) factors into its investment decisions across the whole of the Fund. Climate change is a critical issue for the Fund. It is embedded as one of ISIF’s five priority investment themes. ISIF envisages investing c. €300 to €500m in climate related projects over the coming...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (24 Feb 2021)

Paschal Donohoe: The NTMA informs me that ISIF publishes bi-annual reporting which contains an update on the status of the operation of the Ireland Strategic Investment Fund, including economic impact reporting. The latest Report available on the ISIF website at the following link () sets out an overview of the Pandemic Stabilisation Recovery Fund engagements, deployment and pipeline as at 31 December 2020....

Written Answers — Department of Finance: Covid-19 Pandemic (24 Feb 2021)

Paschal Donohoe: In most cases, a lender is legally required under Section 126 of the Consumer Credit Act 1995 to make sure that a mortgage applicant has mortgage protection insurance in place before granting a mortgage loan. However, there are certain exceptions where: - the house in respect of which the loan is made is, in the mortgage lender's opinion, not intended for use as the principal residence of...

Written Answers — Department of Finance: Tax Exemptions (24 Feb 2021)

Paschal Donohoe: I am taking it that the Deputy, in referring to “carbon tax”, is enquiring about the application of Mineral Oil Tax (MOT) to fuel used for fishing boats and for commercial freight and passenger vessels. MOT is an excise duty and is comprised of a carbon and a non-carbon component. The carbon component is often referred to as carbon tax, but it is only one part of the overall tax...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 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, subsidy payments of...

Written Answers — Department of Finance: Mortgage Interest Rates (24 Feb 2021)

Paschal Donohoe: The Deputy may wish to note that where a mortgage or other loan is sold or transferred the provisions of the Consumer Protection (Regulation of Credit Servicing Firms) Acts of 2015 and 2018 will apply. This provides that any person servicing these loans or who holds the legal title to such loans will, unless it already falls within the regulatory remit of the Central Bank, have to be...