Results 9,661-9,680 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Third Level Costs (13 Jan 2021)

Paschal Donohoe: As the Deputy will appreciate, the operation of support measures for third level students is a matter for the Minister for Further and Higher Education, Research, Innovation and Science. Generally speaking, all payments to individuals are taxable in the hands of the recipient unless specifically exempted. However, the basis on which the payment is made is a determining factor in the...

Written Answers — Department of Finance: Tax Exemptions (13 Jan 2021)

Paschal Donohoe: Section 195 of the Taxes Consolidation Act 1997 provides for the exemption of certain earnings of writers, composers and artists and allows the Revenue Commissioners to make determinations in respect of artistic works in the following categories only: - a book or other writing - a play - a musical composition - a painting or other like picture - a sculpture. Guidelines...

Written Answers — Department of Finance: Dog Breeding Industry (13 Jan 2021)

Paschal Donohoe: I am advised by Revenue that the amount of tax paid by puppy breeders, puppy sellers and puppy farms is not separately identifiable from tax returns because the pan-European ‘NACE’ classification system (used by Revenue) does not uniquely identify such activities. Also, in many instances, the type of operations mentioned by the Deputy are part of wider activities by taxpayers...

Written Answers — Department of Finance: Tax Code (13 Jan 2021)

Paschal Donohoe: A person may receive a gift up to the value of €3,000 from any person in any calendar year without having to pay Capital Acquisitions Tax. It is correct that gifts within this limit are not taken into account in computing Capital Acquisitions Tax and are not included for aggregation purposes. This means that a person may take a gift from several people in the same calendar year...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (13 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 230 and 240 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: Mortgage Lending (13 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...

Written Answers — Department of Finance: Mortgage Data (13 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 definitions...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (13 Jan 2021)

Paschal Donohoe: The purpose of the Stay and Spend scheme is to provide targeted support to businesses within the hospitality sector whose operations are likely to be most affected by continued restrictions. Stay and Spend provides tax relief by means of a tax credit at the rate of 20% on qualifying expenditure of up to €625 per person, or €1,250 for a jointly assessed couple. It commenced...

Written Answers — Department of Finance: Covid-19 Pandemic (13 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...

Written Answers — Department of Finance: Tax Code (13 Jan 2021)

Paschal Donohoe: The High Income Individuals' Restriction (HIIR), provided for in Section 485C of the Taxes Consolidation Act 1997, limits the use of specified reliefs in calculating a taxpayer’s taxable income. The Restriction is designed to ensure an effective rate of 30% where a taxpayer has income of €400,000 or more (adjusted in accordance with the provisions of the Section). The...

Written Answers — Department of Finance: National Debt (13 Jan 2021)

Paschal Donohoe: I am informed by the National Treasury Management Agency that, at end-2020 total Gross National Debt stood at €219.5 billion. The table below details the composition of Ireland’s Gross National Debt at end-December 2020, including that Government bonds accounted for €136.8 billion or 62.3%. This Government bonds figure includes fixed rate treasury bonds, amortising bonds,...

Written Answers — Department of Finance: Covid-19 Pandemic (13 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...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (13 Jan 2021)

Paschal Donohoe: As the Minister will be aware, 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 businesses who carry on a trade from a business premises located in a region subject to restrictions introduced in line with the Living with...

Written Answers — Department of Finance: Covid-19 Pandemic (13 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 245, 247 and 249 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...

Written Answers — Department of Finance: Value Added Tax (13 Jan 2021)

Paschal Donohoe: I am advised by Revenue that where there is a valid invoice arising from an arms-length transaction, the value on the invoice is acceptable in determining the value of the vehicle for the purposes of calculating import VAT.  The VAT arising will be charged on the purchase price inclusive of all taxes, plus the costs of transport and insurance associated with the importation of the...

Written Answers — Department of Finance: Personal Public Service Numbers (13 Jan 2021)

Paschal Donohoe: I am advised that, section 33 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended (“the Act”), sets out obligations in relation to the identification and verification of customers and beneficial owners. Section 33(2) sets out the following measures that shall be applied by designated persons (which include banks and credit unions): ...

Written Answers — Department of Finance: Departmental Staff (13 Jan 2021)

Paschal Donohoe: The Interdepartmental Pensions Reform and Taxation Group (IDPRTG) was established as an action arising from the Governments Roadmap for Pensions Reform 2018 - 2023, to consider, review and progress measures in a number of specific pension areas as set out in the Roadmap. The IDPRTG is chaired by the Department of Finance and includes representatives from the Revenue...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (13 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 251 and 254 together. Revenue has recently published its Headline Results for 2020, which are available at link . The published information includes the numbers of employers and employees supported through the Temporary Wage Subsidy Scheme (TWSS) and the Employment Wage Subsidy Scheme (EWSS) during 2020. For 2020, the number of employers and employees...

Written Answers — Department of Finance: Primary Medical Certificates (13 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 252 and 253 together. As advised to the Deputy in my previous replies on this issue, Revenue routinely reviews the tax affairs of persons in receipt of tax reliefs, including those who avail of the Disabled Drivers and Passengers scheme. These reviews generally include analysis of tax return data, information sourced during outdoor compliance work and...

Written Answers — Department of Finance: Covid-19 Pandemic (13 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 255 and 256 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 with...