Results 9,601-9,620 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mortgage Interest Rates (20 Jan 2021)

Paschal Donohoe: There is a wide diversity in national mortgage markets, and such mortgage markets have evolved and developed over time having regard to their particular social, economic and other characteristics. Fixed rate mortgages of long duration are popular in Denmark and in some other countries, but other countries tend to have markets where variable or short term fixed interest rates are more...

Written Answers — Department of Finance: Help-To-Buy Scheme (20 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 Taxes Consolidation Act 1997 outlines the...

Written Answers — Department of Finance: Primary Medical Certificates (20 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 138, 148 and 150 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 (20 Jan 2021)

Paschal Donohoe: The Government agreed on 30 December 2020 that Level 5 as set out in the Plan for Living with COVID-19 will apply nationally. The Department of the Taoiseach has published the List of Essential Services at Level 5 (available at the link below). Essential workers are those providing the services set out in the list. Physical attendance at workplaces is only permitted where such services can...

Written Answers — Department of Finance: Tax Reliefs (20 Jan 2021)

Paschal Donohoe: I am advised by Revenue that the annual cost of the Special Assignee Relief Programme (SARP), the number of taxpayers participating in the scheme, and the average benefit per assignee are available in reports published on the Revenue website at link: . These reports provide the relevant data for the years 2012 to 2018, the latest year for which data are available. Revenue further advise me...

Written Answers — Department of Finance: Covid-19 Pandemic (20 Jan 2021)

Paschal Donohoe: I wish to advise the Deputy that I am not aware of any staff of the Department receiving the Covid-19 vaccine.

Written Answers — Department of Finance: Primary Medical Certificates (20 Jan 2021)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a Fuel Grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Brexit Issues (20 Jan 2021)

Paschal Donohoe: Since January 1, following the end of the transition period on 31 December 2020, the UK has been outside the EU Single Market and Customs Union and this means that a range of new formalities apply to goods moving to, from or through the United Kingdom, excluding Northern Ireland. I am aware that Revenue fully appreciates that the new regulatory requirements and customs formalities...

Written Answers — Department of Finance: Vehicle Registration Tax (20 Jan 2021)

Paschal Donohoe: I am advised by Revenue that a person undertaking a transfer of residence from the UK (or any non-EU country) must have lived there for a continuous period of at least 12 months and have owned and used the vehicle for a minimum of 6 months before they can avail of the exemption from Customs Duty, VAT and VRT.

Written Answers — Department of Finance: Mortgage Lending (20 Jan 2021)

Paschal Donohoe: A key focus of the Central Bank is to ensure lenders are acting in a way that protects the best interests of borrowers, and in line with relevant codes and regulations. Through ongoing engagement with the BPFI and lenders, the Central Bank is working to ensure that borrowers affected by COVID-19 continue to be supported through this period of unprecedented stress. The main objective being...

Written Answers — Department of Finance: Tax Code (20 Jan 2021)

Paschal Donohoe: Regarding the Deputy’s question concerning an exemption from Capital Gains Tax (CGT) provided to religious orders, I am informed by Revenue that Section 609 of the Taxes Consolidation Act 1997 (the Act) provides that a gain on a disposal of an asset is not a chargeable gain if it accrues to a charity and is applied for charitable purposes. “Charity” is defined for...

Written Answers — Department of Finance: Living City Initiative (20 Jan 2021)

Paschal Donohoe: The Living City Initiative (LCI) was provided for in Finance Act 2013 and commenced on 5th May 2015. In my Budget 2020 speech, I announced that the LCI would be extended from 5 May 2020 to 31 December 2022. LCI is designed as a tax-based scheme which is demand led. As such, it is not subject to an annual cost ceiling and the question of increasing its funding annually by 50% does not arise....

Written Answers — Department of Finance: Help-To-Buy Scheme (20 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. In addition to the conditions laid down in section 477C Taxes...

Written Answers — Department of Finance: Tax Forms (20 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 156 and 157 together. Provisions to post workers to Member States across the EU / EEA and to the United Kingdom and to maintain such workers in the social insurance schemes of their sending Member State, is provided for within EU Regulation 883/2004 on the coordination of social security systems and in the Protocol on Social Security Coordination of the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 Jan 2021)

Paschal Donohoe: Section 851A of the Taxes Consolidation Act 1997 imposes an obligation of taxpayer confidentiality on Revenue and accordingly I am advised by Revenue that it is not in a position to comment on the tax affairs of any specific taxpayer. Accordingly, I propose to respond in general terms in relation to the operation of the Temporary Wage Subsidy Scheme (TWSS) and the compliance checks...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (20 Jan 2021)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. Details of these reliefs and the grant in respect of fuel usage are available on the Revenue website at the following link: The relief from Value Added Tax and Vehicle Registration Tax are...

Written Answers — Department of Finance: Customs and Excise (20 Jan 2021)

Paschal Donohoe: I am advised by Revenue that as an integrated tax and customs administration, Revenue 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. In January 2020 there were 564 Revenue staff assigned to our ports and airports, while...

Written Answers — Department of Finance: Primary Medical Certificates (20 Jan 2021)

Paschal Donohoe: 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 supports for persons with disabilities, will be conducted...

Written Answers — Department of Finance: Tax Data (20 Jan 2021)

Paschal Donohoe: My Department has published a Report on Tax Expenditures with each Budget since Budget 2016 (the Report on Tax Expenditures 2020 published on the day of Budget 2021 being the most recent). The report provides tables, of the extant tax expenditures and where available the number availing and revenue forgone in respect of each of the two most recently available years. It can be found at the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 Jan 2021)

Paschal Donohoe: The electricity and gas retail markets in Ireland operate within a European Union regulatory regime wherein electricity and gas markets are commercial, liberalised, and competitive. Operating within this overall EU framework, responsibility for the regulation of the electricity and gas markets, including the matters raised by the Deputy, is solely a matter for the Commission for Regulation of...