Results 9,481-9,500 of 32,572 for speaker:Paschal Donohoe

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

Paschal Donohoe: I am advised by Revenue that the issue in question arose due to backlogs at National Car Testing Service (NCTS) centres arising from COVID-19 related restrictions. The delay in the specific case referenced by the Deputy resulted in the person in question paying a higher vehicle registration tax (VRT) charge in 2021 than she would have had her appointment been fulfilled in 2020. Revenue...

Written Answers — Department of Finance: Help-To-Buy Scheme (3 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 HTB...

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

Paschal Donohoe: I propose to take Questions Nos. 164, 166, 171, 172, 177, 189, 191, 192, 197 and 207 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 companies, self-employed individuals and partnerships who carry on a trade or...

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

Paschal Donohoe: As the Deputy is 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...

Written Answers — Department of Finance: Company Data (3 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 167 and 168 together. As an independent ATM deployer the company in question is not required to report the number of ATMs they operate to the Central Bank of Ireland. Independent ATM deployers are regarded as Professional Cash Handlers and are monitored by the Central Bank of Ireland for compliance with the Decision of the European Central Bank (ECB/2010/14)...

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

Paschal Donohoe: I am advised by Revenue that the question as to whether income from donations received by political entities is taxable or not will depend upon the nature of the political entity and the activities that it is engaged in. If the political entity is considered to be carrying on a trade, such income may be regarded as part of its trading income and could be taxable. Typically, for activities to...

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

Paschal Donohoe: The Mortgage Credit Directive was transposed into Irish law by means of the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (the 2016 Regulations). Article 28 of the Mortgage Credit Directive relates to arrears and foreclosure and it was transposed by Regulation 29 of the 2016 Regulations. Related to Regulation 29 of the 2016 Regulations, the Bank has in place the...

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

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was legislated for in section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020. The scheme was an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. The key eligibility criteria for the scheme are that the business is suffering significant negative economic impact due to the pandemic,...

Written Answers — Department of Finance: Tax Reliefs (3 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 174 and 204 together. 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...

Written Answers — Department of Finance: Community Banking (3 Feb 2021)

Paschal Donohoe: Actions taken by the banks, including their dealings with customers, are matters for the board and management of the institution. The independence of banks in which the State has a shareholding is protected by Relationship Frameworks which are legally binding documents that cannot be changed unilaterally. These frameworks, which are publicly available, were insisted upon by the European...

Written Answers — Department of Finance: Insurance Industry (3 Feb 2021)

Paschal Donohoe: At the outset, I am fully aware of the concerns expressed in relation to the insurance industry’s response to its policyholders in these difficult times, including honouring business interruption claims. The issue raised in the question is complex as there are a variety of government Covid 19-related supports, some of which may not be covered under any business interruption policy. The...

Written Answers — Department of Finance: Tax Reliefs (3 Feb 2021)

Paschal Donohoe: Employers can make payments up to a maximum of €3.20 per day to employees who incur certain expenditure while working from home without deducting PAYE, PRSI or USC. This expenditure typically includes additional heating, electricity and broadband costs. Where an employer does not pay the daily amount (€3.20) or pays less than the allowable costs, the employee can claim Remote...

Written Answers — Department of Finance: Student Universal Support Ireland (3 Feb 2021)

Paschal Donohoe: The operation of support measures for third level students is a matter for the Minister for Further and Higher Education, Research, Innovation and Science. Generally speaking, all payments to individuals are taxable in the hands of the recipient unless specifically exempted.  However, the basis on which the payment is made is a determining factor in the potential tax treatment...

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

Paschal Donohoe: I am advised by NAMA that receivers appointed to NAMA-secured properties are selected from NAMA's insolvency service provider panel which was established following a competitive public procurement process. I am advised that, arising from this process, competitive fixed-fee rates were achieved relative to prevailing market norms. I am further advised that, in general, fees are not paid to...

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

Paschal Donohoe: I wish to advise the Deputy that, on a regular basis, NAMA requires the assistance of specialist legal services in order to assist the Agency in meeting its statutory objectives. The information sought by the Deputy, with regard to payments made by NAMA to law firms from 2010 to 2020, is set out in the table attached. Figures for 2021 are not yet available. ">NAMA Payments

Written Answers — Department of Finance: Customs and Excise (3 Feb 2021)

Paschal Donohoe: I am advised by Revenue that all imports into Ireland are risk assessed to ensure compliance with Customs law and to prevent the importation of prohibited and restricted goods. In the case of this particular consignment, it was identified for examination because of a concern regarding the declared value of the goods. On subsequent review of the matter, Revenue’s concern was not...

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

Paschal Donohoe: The Employment Wage Subsidy Scheme (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 an enterprise support to employers based on business eligibility delivering a per-head subsidy on a flat rate basis. As regards eligibility for the scheme, an...

Written Answers — Department of Finance: Banking Sector Investigations (3 Feb 2021)

Paschal Donohoe: As the Deputy is aware, as Minister for Finance I have no role in the commercial decisions made by the banks, including any strategic reviews undertaken and the manner in which it manages its engagement with stakeholders in this regard. This applies equally to the banks in which the State has a shareholding. Decisions in this regard by the banks in which the State has a...

Written Answers — Department of Finance: Help-To-Buy Scheme (3 Feb 2021)

Paschal Donohoe: Under the Help to Buy Scheme as provided for in section 477C of the Taxes Consolidation Act 1997, a first time buyer is defined as follows: " 'first-time purchaser' means an individual who, at the time of a claim under subsection (3) has not, either individually or jointly with any other person, previously purchased or previously built, directly or indirectly, on his or her own behalf a...

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

Paschal Donohoe: I propose to take Questions Nos. 186 and 206 together. I do not plan on extending the temporary reduction in the standard rate of VAT from 23% to 21% beyond the end of February.