Results 9,381-9,400 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (10 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 187, 190, 191, 196, 199, 200, 205, 211 to 213, inclusive, 215, 218, 219, 224 to 227, inclusive, 229, 233, 235, 236 and 238 together. 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...

Written Answers — Department of Finance: Credit Register (10 Feb 2021)

Paschal Donohoe: The Central Credit Register is established by the Central Bank under the Credit Reporting Act 2013 (the “Act”). The Act obliges lenders to submit specified personal and credit information in respect of credit applications and credit agreements to the Central Credit Register. There is no obligation on lenders to provide any underlying documentation, such as credit application...

Written Answers — Department of Finance: Help-To-Buy Scheme (10 Feb 2021)

Paschal Donohoe: The Help to Buy incentive (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. The incentive is scheduled to operate until the end of 2021. ...

Written Answers — Department of Finance: Tax Data (10 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 193, 194 and 204 together. The position on the tax treatment of payments received under the various income support schemes has been clearly communicated effectively since they were introduced in 2020 in response to the covid-19 pandemic. Payments made under the Temporary Wage Subsidy Scheme (TWSS) and Pandemic Unemployment Payment (PUP) are income supports...

Written Answers — Department of Finance: State Pensions (10 Feb 2021)

Paschal Donohoe: I am assuming that the Deputy is referring for the requirement for certain holders of Approved Retirement Funds (ARFs) to retain a portion of their pension savings in an Approved Minimum Retirement Fund (AMRF). I am advised by Revenue that Part 30 of the Taxes Consolidation Act 1997 (TCA) provides that an individual in a defined contribution pension savings arrangement has the option of...

Written Answers — Department of Finance: Help-To-Buy Scheme (10 Feb 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, which includes a geographical breakdown of claims (available at: ) The table below summarises the latest data available for Cork since the inception of the scheme until end 2020. A breakdown between county and city is...

Written Answers — Department of Finance: Mortgage Lending (10 Feb 2021)

Paschal Donohoe: It is not clear what particular proposals the Deputy is referring to in his question; however, if the Deputy provides further information to identify the particular proposals the matter can be considered further. In any event, the Deputy may wish to note that Irish banks substantially fund their mortgages and other loans by way of deposits raised from Irish households and firms, and that...

Written Answers — Department of Finance: Mortgage Lending (10 Feb 2021)

Paschal Donohoe: I appreciate the stress and uncertainty that many borrowers are facing at this difficult time, and those borrowers who are experiencing difficulty in meeting their repayments will continue to need assistance and support from their lenders. In this regard it is the clear expectation of both the Central Bank and I that lenders engage effectively and sympathetically with distressed borrowers...

Written Answers — Department of Finance: Covid-19 Pandemic (10 Feb 2021)

Paschal Donohoe: The Deputy will be aware that, since the COVID-19 pandemic started, the Revenue Commissioners have regularly reviewed all COVID-19 related matters. They have also published guidance to assist taxpayers in meeting their tax obligations and to make them aware of the additional supports that the Government has introduced. The Revenue Commissioners inform me that taxable trading and professional...

Written Answers — Department of Finance: Revenue Commissioners (10 Feb 2021)

Paschal Donohoe: I am advised that Revenue began a nationwide compliance project in 2017 in relation to the gaming and amusement sector. The main aims of this project (ongoing) are to ensure maximum licensing compliance in the sector and to provide assurance to the legitimate trade. Since the project began there has been a significant increase in licensing compliance by operators in areas where gaming is...

Written Answers — Department of Finance: Tax Appeals Commission (10 Feb 2021)

Paschal Donohoe: Section 20 of the Finance (Tax Appeals) Act 2015, as amended, provides that the staff of the Tax Appeals Commission (TAC) are civil servants and as such their salary is as per the published civil service pay scales. The latest pay scales of civil servants at all grades (including Assistant Principal Officer) are provided at the following link: . The starting point of the salary of an...

Written Answers — Department of Finance: Motor Insurance (10 Feb 2021)

Paschal Donohoe: The Government’s Action Plan for Insurance Reformcontains 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: Motor Insurance (10 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 208 and 223 together. At the outset, working to protect insurance policyholders during and after the COVID-19 crisis is a priority issue for Government. As such, it is included within the Programme for Government and the recently launched Action Plan for Insurance Reform. Since the onset of the COVID-19 pandemic, I have consistently called on insurers to...

Written Answers — Department of Finance: Covid-19 Pandemic (10 Feb 2021)

Paschal Donohoe: At the outset, I understand that the current COVID-19 restrictions may be having an impact upon those currently undertaking self-build projects. With regard to insurance and the need to extend such cover at no extra cost, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products or have the power to direct...

Written Answers — Department of Finance: Value Added Tax (10 Feb 2021)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law must comply. In accordance with the Directive, Ireland maintains a standstill provision which permits the retention of the zero rate for certain food and drink products that were liable to the zero rate on 1 January 1991. This standstill provision...

Written Answers — Department of Finance: Cycle to Work Scheme (10 Feb 2021)

Paschal Donohoe: Section 118(5G) of the Taxes Consolidation Act 1997 provides for the cycle to work scheme. This scheme provides an exemption from benefit-in-kind where an employer purchases a bicycle and associated safety equipment up to a maximum of €1,500 for e-bikes and €1,250 for other bicycles for an employee to use, in whole or in part, to travel to work. These thresholds were increased...

Written Answers — Department of Finance: Customs and Excise (10 Feb 2021)

Paschal Donohoe: I am advised by Revenue that regulation of the importation of animal medication is a matter for the Department of Agriculture, Food and the Marine and as a result, Revenue has not seized any of the items specified in the last five years. I am further advised that Revenue officials refer all declarations of animal medication to officers from the Department of Agriculture, Food and the Marine...

Written Answers — Department of Finance: Property Tax (10 Feb 2021)

Paschal Donohoe: I am informed by Revenue that it has engaged extensively with residential property owners who are experiencing financial difficulties since the pandemic began to agree flexible Local Property Tax (LPT) payment arrangements and has assured me that it will continue to do so.g Any property owners experiencing financial difficulties can avail of a wide range of flexible payment options both...

Written Answers — Department of Finance: Help-To-Buy Scheme (10 Feb 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive was introduced in 2017. The measure is currently scheduled to expire on 31 December 2021. HTB gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. An increase in the supply of new housing remains a priority aim of Government policy. The...

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

Paschal Donohoe: I am advised by Revenue that concessional treatment has been agreed in relation to the operation of the benefit-in-kind (BIK) tax charge on employer-provided vehicles during the course of COVID-19 related travel restrictions. Therefore, where an employer provided vehicle is made available to an employee the following will apply for the time being: (a) Employer Takes Back Possession of the...