Results 9,741-9,760 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (9 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 57 and 58 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. It applies to businesses who, under the specific terms of the regulations, are required to prohibit or significantly restrict members of the public...

Written Answers — Department of Finance: Brexit Preparations (9 Dec 2020)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses, including in the bloodstock industry, leisure, hospitality and professional indemnity sectors.  This position is reinforced by the EU...

Written Answers — Department of Finance: Tax Code (9 Dec 2020)

Paschal Donohoe: Capital Acquisitions Tax (CAT) is the overall title for both gift and inheritance tax. The tax is charged on the amount gifted to, or inherited by, the beneficiary of the gift or inheritance. CAT at a rate of 33% applies on the excess over the tax-free threshold. There are three separate Group thresholds based on the relationship of the beneficiary to the disponer. Group Athreshold...

Written Answers — Department of Finance: Departmental Bodies Data (9 Dec 2020)

Paschal Donohoe: There are 8 State Boards under the aegis of my Department. These are the Central Bank Commission, the Credit Union Restructuring Board, the Financial Services and Pension Ombudsman, Home Building Finance Ireland, the Irish Fiscal Advisory Council, the National Asset Management Agency, the National Treasury Management Agency and the Strategic Banking Corporation of Ireland. In addition, there...

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (8 Dec 2020)

Paschal Donohoe: That is what Deputy Gould said. He said that the Sinn Féin policy was that it disagreed with the rainy day fund being set up and is glad that a deposit is not being made in it at the moment. That is the Sinn Féin stance on the matter.

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (8 Dec 2020)

Paschal Donohoe: That is a perfectly legitimate political point of view. Of course it is and I am not disregarding it as a point of view. However, it is reflective of the fact that in response to budget after budget and during the general election campaign, Sinn Féin stated clearly that it disagrees with the policy I was pursuing to balance our books and have a surplus. It is precisely the approach...

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (8 Dec 2020)

Paschal Donohoe: I thank Deputies Mairéad Farrell, Nash, Bruton, Gould, Shortall, Richmond, Buckley, Boyd Barrett, Ó Murchú, Tóibín, Mattie McGrath, O'Donoghue and Pringle for their contributions, all of which I listened to and noted. The contributions of the Opposition Deputies caused me to reflect on where we stand now regarding the challenges we face and how we have equipped...

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (8 Dec 2020)

Paschal Donohoe: I move: That Dáil Éireann authorises the Minister for Finance, pursuant to section 6(1) of the National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019 (the ‘Act’), not to pay the prescribed amount (€500,000,000) under section 5(2) of the Act into the National Surplus (Exceptional Contingencies) Reserve Fund for the year 2020 having regard to the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (8 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 163, 164, 190 and 191 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. It applies to businesses who, under the specific terms of the regulations, are required to prohibit or significantly restrict...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (8 Dec 2020)

Paschal Donohoe:  As the Deputy will be aware, employees may claim a tax deduction in respect of (a) the cost of travelling expenses necessarily incurred in the performance of the duties of their employment or office; and (b) the cost of other expenses incurred wholly, exclusively and necessarily in the performance of the duties of their employment. However, these deductions do not ordinarily include the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (8 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 166, 182 and 185 together. 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. The cost of the scheme in 2019, excluding motor tax, was €72m. The Scheme is open to severely and permanently disabled...

Written Answers — Department of Finance: Credit Unions (8 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 167 and 196 together. As the Deputy references in his question, under current Government health measures, which limit numbers allowed at public gatherings, credit union annual general meetings (AGMs) would not be able to proceed as normal. The Government has, therefore, brought forward the Finance (Miscellaneous Provisions) Bill 2020 to allow credit unions to...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (8 Dec 2020)

Paschal Donohoe: Revenue publishes regular statistical updates on the operation of the Employment Wage Support Scheme (EWSS) and the COVID Restrictions Support Scheme (CRSS). These updates are available at link: . I am advised that while breakdowns by Local Authority area are not available, county level information is provided. The latest CRSS information by county is published in the update dated 3 December...

Written Answers — Department of Finance: Illicit Trade (8 Dec 2020)

Paschal Donohoe: I am advised by Revenue that the table below contains the information requested by the Deputy in respect of seizures by it of psychoactive substances in each of the years 2015 to 2019, and to date in 2020. Year Number of Seizures Volume (Kgs) 2015 65 0.7 2016 90 3.2 2017 70 ...

Written Answers — Department of Finance: Help to Buy Scheme (8 Dec 2020)

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. I am advised by Revenue that in addition to the conditions...

Written Answers — Department of Finance: Insurance Coverage (8 Dec 2020)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses.  This position is reinforced by the EU framework for insurance (the Solvency II Directive) which expressly prohibits Member States...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (8 Dec 2020)

Paschal Donohoe: The Recovery and Resilience Facility (RRF) is the key element of the €750bn Next Generation EU/ Recovery Plan Package agreed by the European Council in July 2020. The Recovery and Resilience Facility accounts for €672.6bn of the total NGEU, made up of €360bn in loans and €312.5bn in grant (2018 prices). The RRF is currently at trilogue negotiations between the...

Written Answers — Department of Finance: Banking Sector (8 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 173, 174 and 175 together. As the Deputy will be aware, I met with representatives of Ulster Bank on the 21 of October, when I outlined that: - I expect Ulster Bank to keep all its stakeholders, especially its staff and customers, fully informed about any developments in the review and engage with them in relation to any proposals or...

Written Answers — Department of Finance: Economic Data (8 Dec 2020)

Paschal Donohoe: The latest data shows the economy recovered in the third quarter of this year, with GDP increasing by 11 per cent relative to the previous quarter, following the sharp decline seen in the second quarter, a pattern seen in all economies. As a result, GDP was 8.1 per cent higher on an annual basis. However, as has been well documented GDP is not an accurate measure of what is going on in the...

Written Answers — Department of Finance: Financial Services Regulation (8 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 177, 178, 179 and 181 together. The revised Payment Services Directive (PSD2) of 2015 introduced strong security requirements for the initiation and processing of electronic payments, which apply to all payment service providers (PSPs). This approach is intended to reduce the risk of fraud for all types of electronic payments (especially online payments)...