Results 9,621-9,640 of 32,572 for speaker:Paschal Donohoe

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

Paschal Donohoe: Since the COVID-19 situation first arose, I have maintained contact with the BPFI and lenders on the measures they have put in place to assist their customers who are economically impacted by the pandemic. In relation to the particular issue of new mortgage lending, the main retail banks previously confirmed that they are considering mortgage applications and mortgage drawdowns in relation...

Written Answers — Department of Finance: Revenue Commissioners (20 Jan 2021)

Paschal Donohoe: As the Deputy is aware, the tax affairs of identified individual taxpayers, including companies, cannot be disclosed due to the obligation to protect taxpayer confidentiality as provided for by section 851A of the Taxes Consolidation Act, 1997. It is an offence for a Revenue official to directly or indirectly disclose taxpayer information to third parties, including the Minister for Finance,...

Written Answers — Department of Finance: Revenue Commissioners (20 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 132, 145, 147 and 152 together. 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...

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

Paschal Donohoe: I propose to take Questions Nos. 133 and 155 together. As provided for in the Withdrawal Agreement and the Protocol on Ireland/Northern Ireland, Northern Ireland will remain within the EU VAT regime in respect of goods and therefore the trade in goods including second-hand goods between Ireland and Northern Ireland will continue as before from a VAT perspective. However, imports from...

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

Paschal Donohoe: I propose to take Questions Nos. 134, 135, 139 and 160 together. The Covid Restrictions Support Scheme (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. Details of the scheme are set out in Finance Act 2020 and detailed guidelines on the operation of...

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...