Results 9,341-9,360 of 32,572 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs (18 Feb 2021)

Paschal Donohoe: Where e-workers incur certain extra expenditure in the performance of their duties of employment remotely or from home, such as additional heating and electricity costs, there is a Revenue administrative practice in place that allows an employer to make payments up to €3.20 per day to such employees, subject to certain conditions, without deducting PAYE, PRSI, or USC. Revenue have...

Written Answers — Department of Finance: Economic Policy (18 Feb 2021)

Paschal Donohoe: The interplay between the Covid-19 and Brexit shocks has implications for the economic outlook. In preparation for last year’s Budget, my Department, along with the ESRI, conducted an analysis of the sectoral overlap between the two shocks. The analysis found that the sectors most exposed to both Covid-19 and a ‘disorderly’ Brexit appear to be distinct and relatively...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (18 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: Covid-19 Pandemic Supports (18 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: Disabled Drivers and Passengers Scheme (18 Feb 2021)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. Details of these reliefs and the grant in respect of fuel usage are available on the Revenue website at the following link: The relief from Value Added Tax and Vehicle Registration Tax are...

Written Answers — Department of Finance: Banking Sector (18 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 93, 97 and 98 together. 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...

Written Answers — Department of Finance: Departmental Funding (18 Feb 2021)

Paschal Donohoe: Contact details in respect of the Disabled Drivers and Disabled Passengers Fuel Grant Scheme, which is administered by my Department, are in the table below. None of the bodies under the aegis of my Department manage grant funding. Grant Scheme Contact Details Disabled Drivers and Disabled Passengers Fuel Grant Scheme Indirect Tax Policy...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (18 Feb 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: Social and Affordable Housing (18 Feb 2021)

Paschal Donohoe: The Affordable Purchase Shared Equity Scheme is a policy initiative which falls under the remit of the Department of Housing, Local Government and Heritage following the allocation of €75m of funding as part of Budget 2021. Officials in my Department have been providing on-going support and assistance to the Department of Housing, Local Government and Heritage and the Housing...

Written Answers — Department of Finance: Insurance Industry (18 Feb 2021)

Paschal Donohoe: The Government’s Action Plan for Insurance Reform contains a range of deliverables, including legislation where required, in a number of Government Department policy areas. Work is already underway in relation to certain areas, including: - increasing market transparency through the National Claims Information Database (NCID), including for employer and public liability insurance;...

Written Answers — Department of Finance: Value Added Tax (18 Feb 2021)

Paschal Donohoe: As the Deputy will be aware, I introduced the VAT Compensation Scheme in Budget 2018 to relieve the VAT burden on charities and to partially compensate them for the VAT paid on expenditure related to independently raised income on or after 1 January 2018. The scheme was not applicable to VAT paid in years prior to 2018. The funding for the scheme is capped at €5 million per year...

Written Answers — Department of Finance: EU Funding (18 Feb 2021)

Paschal Donohoe: The Recovery and Resilience Facility (RRF) is the key element of the Next Generation EU / Recovery Plan Package of €750bn (€360bn in loans and €390bn in grants) agreed by the European Council in July 2020. The instrument accounts for the vast majority of that €750bn package (€672.5bn, made up of €360bn loans and €312.5bn in grants). It is a...

Insurance (Restriction on Differential Pricing and Profiling) Bill 2021: Second Stage [Private Members] (17 Feb 2021)

Paschal Donohoe: I thank all Deputies for the contributions they have made. I support the Government amendment moved by the Minister of State, Deputy Fleming. I will address some claims made by Opposition Deputies. A claim has been made about action that has been taken elsewhere and action that has not been taken here in Ireland. Those two claims are central to many of the political arguments put forward...

Written Answers — Department of Finance: Covid-19 Pandemic (17 Feb 2021)

Paschal Donohoe: Revenue carries out essential services in the areas of Public Administration and Border Control, including functions such as facilitating operations at Ports and Airports and facilitating traders involved in imports and exports. I am advised by Revenue that certain categories of its employees meet the essential worker definition set out in the Government’s ‘Resilience and...

Written Answers — Department of Finance: Tax Incentives (17 Feb 2021)

Paschal Donohoe: Section 50 of Finance Act 1999 provided for a student accommodation scheme whereby expenditure incurred on student rental accommodation can be set against the rental income from the property and against other Irish rental income, thus reducing the taxable income of the person incurring the expenditure. The relevant provisions in the Taxes Consolidation Act 1997 are set out in Part 10, Chapter...

Written Answers — Department of Finance: Tax Reliefs (17 Feb 2021)

Paschal Donohoe: The rationale behind income tax relief for health expenses is broadly intended to provide assistance for significant or exceptional health expenses. Consistent with this rationale, tax relief in respect of qualifying health expenses is provided for in section 469 of the Taxes Consolidation Act 1997. This section defines "health expenses" as"expenses in respect of the provision of health...

Written Answers — Department of Finance: Revenue Commissioners (17 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 133 and 134 together. I am advised by Revenue that it carried out significant work to increase customs systems’ capacity to cater for the application of customs requirements to trade with the UK (excluding Northern Ireland) post the UK’s departure from the European Union (EU) and to handle the consequent increased declarations. Revenue has two...

Written Answers — Department of Finance: Currency Circulation (17 Feb 2021)

Paschal Donohoe: The Deputy will be aware that the Department of Justice recently published the Counterfeiting Bill 2020. It should be noted that this Bill is being introduced in order to transpose an EU Directive, it is not a legislative response to a problem that has emerged in the Irish market. Euro banknotes are produced using sophisticated printing technology and have a number of prominent security...

Written Answers — Department of Finance: Illicit Trade (17 Feb 2021)

Paschal Donohoe: I am advised by Revenue that the overall number, value and volume of drugs seized by Revenue in 2019 and 2020 is set out in the table in Attachment A. No. of Seizures Quantity Value Type of Drug 2019 2020 2019 Kg 2020 Kg 2019 €m 2020 €m ...

Written Answers — Department of Finance: Brexit Issues (17 Feb 2021)

Paschal Donohoe: As the Deputy will be aware, since 1 January 2021 the UK has been outside the European Union's Single Market and Customs Union. This means that for the purposes of trade and the movement of goods between the EU and the UK, the UK is now a 3rd country and therefore a range of customs formalities and other regulatory controls apply to goods moving to, from or through the United Kingdom,...