Results 9,521-9,540 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Data (27 Jan 2021)

Paschal Donohoe: Gross National Income at Current Market Prices

Written Answers — Department of Finance: Departmental Data (27 Jan 2021)

Paschal Donohoe: Gross National Income at Constant Market Prices

Written Answers — Department of Finance: Brexit Issues (27 Jan 2021)

Paschal Donohoe: I am advised by Revenue that the goods in question arrived in Ireland on 6 January 2021. As a result of the UK leaving the EU, customs formalities apply to the movement of these goods. Following normal risk assessment of goods movements undertaken by Revenue, it was determined that documentation needed to be provided to the Health Services Executive (HSE) before the goods could be...

Written Answers — Department of Finance: Proposed Legislation (27 Jan 2021)

Paschal Donohoe: As the Deputy will be aware, the Programme for Government includes a commitment to introduce a Senior Executive Accountability Regime (SEAR). SEAR will drive positive changes in terms of culture, greater delegation of responsibilities, and enhanced accountability while simplifying the taking of sanctions against individuals who fail in their financial sector roles. My officials are...

Written Answers — Department of Finance: Banking Sector (27 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 181, 208, 219 and 229 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...

Written Answers — Department of Finance: Help-To-Buy Scheme (27 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 182, 200, 203 and 231 together. The Help to Buy (HTB) incentive was introduced in 2017. The incentive 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: Home Building Finance Ireland (27 Jan 2021)

Paschal Donohoe: HBFI released its year-end update for 2020 on 25thJanuary 2021. Further details are available at sion.pdf. The update highlighted that as of 31stDecember 2020, HBFI had approved 38 facilities amounting to €395m in value. This approved funding can facilitate the delivery of 1.850 new homes across 17 counties. Construction activity has commenced on schemes that will ultimately deliver...

Written Answers — Department of Finance: Departmental Schemes (27 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 184, 195, 196 and 225 together. 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...

Written Answers — Department of Finance: Tax Code (27 Jan 2021)

Paschal Donohoe: My Department and the Revenue Commissioners are aware of the legal case in question which concerns specific taxpayers. As the Deputy is aware, it is not appropriate to comment on issues relating to specific taxpayers. It should also be noted that litigation is a common feature of tax administration in all jurisdictions and in this context we must also be conscious that this may be part of an...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (27 Jan 2021)

Paschal Donohoe: The Pandemic Unemployment Payment (PUP) is an income support which is taxable and subject to income tax. The PUP follows the general taxation rule for social welfare type payments, such as Jobseekers Benefit and Jobseekers Benefit (Self-Employed), and is exempt from USC and PRSI charges. I do not propose to introduce a tax amnesty for PUP recipients as suggested by the Deputy. It...

Written Answers — Department of Finance: Brexit Preparations (27 Jan 2021)

Paschal Donohoe: I am advised by Revenue that as an integrated tax and customs administration, it deploys resources based on evolving business needs and to tackle any risks as they emerge. Over the last 2 years the number of Revenue staff assigned to our ports and airports has more than doubled over previous levels. As at 1 January 2021, I am advised by Revenue that 675 staff were assigned to our ports...

Written Answers — Department of Finance: Brexit Issues (27 Jan 2021)

Paschal Donohoe: I am advised by Revenue that in the absence of specific details, it is not in a position to comment on the case referred to by the Deputy. If the Deputy wishes to provide me with the specific details, I will pass these on to Revenue and Revenue will be happy to engage directly with the Deputy on the matter. I am advised by Revenue that its overarching objective in the context of the trading...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (27 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 189 and 190 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 up...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (27 Jan 2021)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) has been deliberately designed as an economy wide enterprise support that is open to all sectors on the basis of a turnover test that can be applied across the whole economy while at the same time remain targeted at employers who are considered to be most in need of support. The EWSS turnover test has been specifically calibrated so as to target...

Written Answers — Department of Finance: Motor Insurance (27 Jan 2021)

Paschal Donohoe: At the outset, while I have an appreciation of the specific issue the Deputy raises, neither I, nor the Central Bank of Ireland, can direct the pricing of insurance products, as this is a commercial matter. In addition, we cannot compel any insurer operating in the Irish market to provide cover to specific individuals or groups, such as young or recently qualified drivers who may use a van...

Written Answers — Department of Finance: Mortgage Interest Rates (27 Jan 2021)

Paschal Donohoe: I am aware that the general level of lending interest rates in Ireland are higher than is the case in many other European countries, though it should also be noted that recent trends indicate that certain mortgage rates have been falling in Ireland. For example, the interest rates on new fixed rate mortgages (excluding renegotiations) have fallen from 4.11% in December 2014 to 2.67% in...

Written Answers — Department of Finance: Vehicle Registration Tax (27 Jan 2021)

Paschal Donohoe: I am advised that the National Car Testing Service (NCTS), which manages the Vehicle Registration Tax (VRT) process on behalf of Revenue, submitted incorrect weights (to Revenue) for the vehicle in question when it was being registered for VRT purposes. Revenue has confirmed to me that the matter has now been rectified and the correct weights have been notified to the relevant motor-tax...

Written Answers — Department of Finance: Property Tax (27 Jan 2021)

Paschal Donohoe: I am advised by Revenue that it is precluded, by virtue of taxpayer confidentiality obligations set out in section 851A of the Taxes Consolidation Act 1997, from providing the specific information sought by the Deputy in relation to Local Property Tax (LPT) payments made by Local Authorities on social housing stock. Revenue publishes a comprehensive range of quarterly and annual statistics...

Written Answers — Department of Finance: Wage Subsidy Scheme (27 Jan 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020 to provide income support to eligible employees where the 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) on 1 September 2020. To ensure payments were made to employees as...

Written Answers — Department of Finance: Wage Subsidy Scheme (27 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 199 and 237 together. As recently advised to the Deputy in a previous reply to a Parliamentary Question, Revenue has completed compliance checks in respect of more than 92% of employers who participated in the Temporary Wage Subsidy Scheme (TWSS). To date, over €3m of subsidy payments has been recouped in aggregate from some 620 employers, and...