Results 9,561-9,580 of 32,547 for speaker:Paschal Donohoe

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

Paschal Donohoe: My Department's Budget 2021 was framed on the continued presence of the virus in Ireland into 2021. It was prepared against a background of extraordinary uncertainty regarding near-term economic and budgetary prospects. As a result, Budget 2021 was exclusively focused on 2021; to look any further would not seem realistic in the circumstances. It did however, allow for additional contingency...

Written Answers — Department of Finance: Home Renovation Incentive Scheme (27 Jan 2021)

Paschal Donohoe: The Home Renovation Incentive (HRI) was introduced by Section 477B of the Taxes Consolidation Act 1997 in 2014 and was terminated in accordance with its statutory sunset clause on 31 December 2018 having been extended twice before that and having been seen to have met its original objective viz. support for job creation in the construction sector in the wake of the financial crisis. An...

Written Answers — Department of Finance: Disability Act Employment Targets (27 Jan 2021)

Paschal Donohoe: I wish to advise the Deputy during 2015, 2016, 2017, 2018 and 2019 the Department satisfied the 3% target of employing staff with disabilities and the Department is aware of the increase in the targets to 6% to be achieved by 2024 and is committed to achieving this revised target. The following table sets out the percentage of employees with a disability for the years 2015 to 2019. Disability...

Written Answers — Department of Finance: Appointments to State Boards (27 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 242 and 243 together. There are eight State and semi-State Boards under the aegis of my Department, including the Credit Union Restructuring Board (ReBo) which was operationally wound down in 2017 and is awaiting formal dissolution. A caretaker board was appointed to manage the affairs until the dissolution of ReBo; members do not receive remuneration. All of...

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

Paschal Donohoe: I propose to take Questions Nos. 244 and 245 together. I can advise the Deputy that my Department has not allocated or spent any funding on Covid-19 communications strategies since the beginning of the pandemic.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 58 and 86 together. I am advised by Revenue that in order to claim the Stay and Spend Tax Credit taxpayers are required to upload a copy of their receipt(s) for qualifying expenditure to the Revenue Receipts Tracker and then make a formal claim for the tax credit when submitting their annual Income Tax Return. Under the scheme a claim may be made in...

Written Answers — Department of Finance: Help-To-Buy Scheme (21 Jan 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive 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 Ireland over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act 1997 outlines the...

Written Answers — Department of Finance: Import Costs (21 Jan 2021)

Paschal Donohoe: In relation to steel imports, I am informed by Revenue that there are tariff quotas set down by the EU for specific steel products and that the UK, as a 3rd country, has been allocated a specific quota for certain steel products as set out in the most recent Steel Safeguard Regulation (Commission Implementing Regulation (EU) 2020/2037). This operates in the same manner as the existing Steel...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (21 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 61 and 66 together. Revenue has advised me that they published a detailed breakdown of the position of PAYE taxpayers for 2020, based on their Preliminary End of Year Statements (PEOYS). The information, which is available at the following link, shows the distribution of overpayments and underpayments, by amount (including averages), for all relevant PAYE...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 62, 63 and 70 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 profits from...

Written Answers — Department of Finance: Tax Yield (21 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 64 and 65 together. I am advised by Revenue that due to the small number of Real Estate Investment Trusts (REITs) involved, and its obligation to maintain the confidentiality of taxpayer information, the data sought by the Deputy cannot be provided. I am further advised that regarding Question 3096/21, is not possible to estimate the revenue that would...

Written Answers — Department of Finance: Tax Code (21 Jan 2021)

Paschal Donohoe: Section 110 of the Taxes Consolidation Act 1997 sets out a regime for the taxation of special purpose companies set up to securitise assets. The tax provisions are intended to create a tax neutral regime for bona-fide securitisation and structured finance purposes. The section 110 regime enables noteholders to invest through one structured vehicle, without giving rise to an additional layer...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jan 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 show information on claim periods,...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jan 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...

Written Answers — Department of Finance: State Claims Agency (21 Jan 2021)

Paschal Donohoe: With respect to claims under the management of the State Claims Agency (SCA), I am informed that, as of 31 December 2020, Damages payments with respect to General claims paid in 2020 by the SCA on behalf of delegated State Authorities and Healthcare enterprises amounted to €42,825,178. Please note that clinical care claims are excluded from this response, however the term Damages...

Written Answers — Department of Finance: State Claims Agency (21 Jan 2021)

Paschal Donohoe: I am informed by the State Claims Agency (SCA) that, as of 31 December 2020, the total plaintiff legal costs and agency legal costs paid on all claims being managed by the SCA under the General Indemnity Scheme between 1 January 2020 and 31 December 2020 was €35,572,220. The SCA have supplied the following table to show the breakdown of these costs: Transaction Type ...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jan 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...

Written Answers — Department of Finance: Tax Code (21 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 74 and 75 together. The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. Under the Directive the supply of construction services is generally liable to VAT at the standard rate. However, by way of special derogation from the general rule, Ireland is permitted to continue to apply a reduced rate,...

Written Answers — Department of Finance: Tax Code (21 Jan 2021)

Paschal Donohoe: In March 2020 Revenue introduced a short-term concessionary measure in relation to the operation of benefit-in-kind (BIK) on employer-provided vehicles having regard to the unprecedented situation arising as a result of the COVID-19 pandemic. The concessionary treatment applicable to BIK on employer-provided vehicles, along with all other COVID-19 related measures, is kept under regular...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 77 and 85 together. Income received under the Temporary Wage Subsidy Scheme is subject to income tax and USC. The Pandemic Unemployment Payment is an income support that shares the same characteristics as jobseekers benefit and similar to jobseekers benefit, is taxable income. This ensures consistent treatment with other workers whose pay was not...