Results 9,481-9,500 of 32,547 for speaker:Paschal Donohoe

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

Paschal Donohoe: I am advised by Revenue that the VAT exemption relating to the supply of the management of specified and special investment funds is a requirement of EU VAT law, with which Irish VAT law must comply. The VAT Consolidation Act 2010 provides that the management of an undertaking specified in paragraph 6(2) of Schedule 1 is an exempt activity and there is no scope under the Directive to remove...

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

Paschal Donohoe: It is assumed that the Deputy is referring to the Temporary Wage Subsidy Scheme (TWSS) that was in place from 26 March 2020 until 31 August 2020 to support firm viability and preserve the relationship between the employer and employee insofar as is possible by subsidising a portion of the employer wage bill in circumstances where the employer’s business has been negatively impacted by...

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

Paschal Donohoe: Revenue has published detailed statistics on the main COVID-19 subsidy schemes since late March 2020, including the Temporary Wage Subsidy Scheme (TWSS), the Employment Wage Subsidy Scheme (EWSS) and the Covid Restrictions Support Scheme (CRSS). These statistics are available at link and are updated on a weekly basis at the same link. The CRSS statistics (CRSS-Table 3) show the available...

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

Paschal Donohoe: I previously referred to this matter in my reply to Dail Question No. 250 (Ref: 36194-20 answered on 17th November 2020). Revenue has advised me that the backlog in registering camper vans for Vehicle Registration Tax (VRT) purposes during the latter part of 2020 has been fully cleared. This includes camper vans owned by the business in question. Revenue has also confirmed that it is...

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

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020 to provide income support to eligible employees where their employer’s business activities were negatively impacted by the COVID-19 pandemic. The scheme operated until 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. TWSS payments were liable to income tax and...

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

Paschal Donohoe: 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 subsequently extended for up to...

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

Paschal Donohoe: The role of the Minister of Finance is to authorise the issuance of circulating and commemorative coins. The Central Bank of Ireland acts as an agent for the Minister in issuing all Irish coin, both circulating and commemorative. The Central Bank has responsibility for the design, production and issuance of the commemorative coins. The commemorative coin programme for 2021 has been finalised,...

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

Paschal Donohoe: 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 rates, and there was an expectation that the re-opening of the economy...

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

Paschal Donohoe: From 1 January 2021, the United Kingdom (UK) has exited the transition period with the European Union (EU), is not a member of the EU and as a result, imports including online purchases from the UK (excluding Northern Ireland) may incur additional charges including Customs duties and VAT. I am advised by Revenue that VAT is chargeable on all imports from Great Britain that are greater than...

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

Paschal Donohoe: I am advised by Revenue that there is no income tax exemption relating to the sale of horses. Rather, where an individual’s ownership and racing of racehorses is considered a “hobby” or a “recreational activity”, it will fall outside the scope of income tax.  Where, however, the ownership and racing of racehorses forms part of a trade carried on by a...

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

Paschal Donohoe: I am advised by Revenue that the vehicle in question previously had diplomatic exemption from Vehicle Registration Tax (VRT), which was linked to the last owner. To remove the diplomatic exemption from the vehicle and allow for the issue of a new Vehicle Registration Certificate, a Form VRT 19 was submitted to Revenue by the person in question in January 2020. Revenue subsequently processed...

Written Answers — Department of Finance: Primary Medical Certificates (3 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 211 and 212 together. Following approval of the Finance Act 2020, which provides for the medical criteria for the Disabled Drivers Scheme, the HSE has been informed that medical assessments can recommence from 1stJanuary 2021. This is considered to be an interim solution only. A comprehensive review of the scheme, to include a broader review of mobility...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 37, 44, 45, 47, 51 and 56 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 trading activities, the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 38 and 52 together. I am aware of the very serious impact of the Covid-19 pandemic on sectors of the economy, including the tourism and hospitality sectors. However, the reality of COVID-19 is that our whole economy and labour market have been rapidly transformed by this unprecedented shock and nearly all sectors have been negatively impacted either...

Written Answers — Department of Finance: Economic Data (28 Jan 2021)

Paschal Donohoe: Gross National Product at Current Market Prices Year Personal consumption of goods and services Net expenditure by central and local government on current goods and services Gross domestic fixed capital formation Value of physical changes in stocks Exports of goods and services Imports of goods and services Statistical discrepancy...

Written Answers — Department of Finance: Economic Data (28 Jan 2021)

Paschal Donohoe: Gross National Product at Constant Market Prices Year Personal consumption of goods and services Net expenditure by central and local government on current goods and services Gross domestic fixed capital formation Value of physical changes in stocks Exports of goods and services Imports of goods and services Statistical...

Written Answers — Department of Finance: Economic Data (28 Jan 2021)

Paschal Donohoe: See Dail Question No. 175 (Ref 4430/21 answered on the 27th January 2021) for Gross Domestic Product at current market prices broken down by income components (compensation of employees, gross operating surplus, subsidies, taxes). GNP is given by GDP less Net factor income from the rest of the world as in Dail Question No. 39 (Ref 4794/21).

Written Answers — Department of Finance: Economic Data (28 Jan 2021)

Paschal Donohoe: A breakdown of Gross National Product in terms of its income components is not available at constant prices. See Dail Question No. 40 (Ref 4795/21) for Gross National Product at Constant Market Prices broken down by expenditure components. See Dail Question No. 175 (Ref 4430/21 answered on 27th January 2021) for Gross Domestic Product at Current Market Prices broken down by income components...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 43 and 53 together. 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...

Written Answers — Department of Finance: Travel Insurance (28 Jan 2021)

Paschal Donohoe: The Deputy will appreciate that the decision of an insurer to provide travel insurance is a commercial one based on the level of risk that it is willing to take. Neither I, nor the Central Bank of Ireland, have any influence over the pricing of insurance products, nor can we compel any firm operating in the Irish market to provide cover to individual consumers. This position is reinforced...