Results 9,681-9,700 of 32,572 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Public Expenditure Data (13 Jan 2021)

Paschal Donohoe: My Department has had no capital project contracts that exceeded the tender value by more than 20% in each of the years 2010 to 2020.

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (13 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 218, 221, 223, 238, 243, 244 and 257 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 1 January 2021. This is considered to be an interim solution only. A comprehensive review of the scheme, to include a...

Written Answers — Department of Finance: Tax and Social Welfare Codes (13 Jan 2021)

Paschal Donohoe: In situations where a couple is cohabiting, rather than married or in a civil partnership, each partner is treated for the purposes of income tax as a separate and unconnected individual. Because they are treated separately for tax purposes, credits, tax bands and reliefs cannot be transferred from one partner to the other. The basis for the current tax treatment of married couples...

Written Answers — Department of Finance: Interest Rates (13 Jan 2021)

Paschal Donohoe: The Department of Finance undertook a public consultation in 2019 seeking views on capping the cost of licensed moneylenders and other regulatory matters in relation to moneylending. The submissions received, proposed a number of policy changes in relation to the moneylending industry and are broadly in favour of introducing an interest rate restriction. A number of potential...

Written Answers — Department of Finance: Help-To-Buy Scheme (13 Jan 2021)

Paschal Donohoe: The Help to Buy incentive (HTB) 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 the State over the previous four years, subject to limits outlined in the legislation. The incentive is scheduled to operate until the end of 2021. HTB...

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...