Results 9,781-9,800 of 32,572 for speaker:Paschal Donohoe

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)...

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

Paschal Donohoe: I propose to take Questions Nos. 183 and 200 together. While I have an appreciation of the difficulties individuals may find themselves in as a result of the COVID-19 pandemic, neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or...

Written Answers — Department of Finance: Fuel Laundering (8 Dec 2020)

Paschal Donohoe: I am advised by Revenue that it does not have any plans to introduce laundered diesel testing as part of the NCT and DOE road tests.   Revenue takes a multifaceted approach to tackling the misuse of fuel. Its compliance activities in this area include roadside sampling of private and commercial vehicles at checkpoints combined with a risk based targeted sampling programme based on...

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

Paschal Donohoe: I would inform the Deputy that revenues from individual business lines is not identifiable to the Revenue Commissioners from tax returns. Furthermore, it is not my practice to comment on the tax affairs of individual taxpayers.

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

Paschal Donohoe: 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 from a business premises located in a region subject to restrictions...

Written Answers — Department of Finance: Social and Affordable Housing (8 Dec 2020)

Paschal Donohoe: As the Deputy may be aware, National Asset Residential Property Services DAC (NARPS) is a NAMA subsidiary which operates by purchasing suitable residential units directly from NAMA debtors and receivers and leasing them on to Local Authorities or Approved Housing bodies for social housing use. I am advised by NAMA that NARPS currently owns 1,372 properties, all of which are leased directly to...

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

Paschal Donohoe: I am advised by Revenue that, as employers are not obliged to provide details in relation to the provision of this non-taxable benefit in their tax returns, Revenue has no information on which to estimate the tax revenue forgone as requested by the Deputy.

Written Answers — Department of Finance: Value Added Tax (8 Dec 2020)

Paschal Donohoe: Under the Ireland – Northern Ireland Protocol, there will be no change after 1 January to the existing VAT treatment of a supply of goods by a VAT registered business in Northern Ireland to a customer in the State. In relation to Customs and in accordance with the Protocol there will be no customs declarations, tariffs or quantitative restrictions and no security protocol.

Written Answers — Department of Finance: Departmental Schemes (8 Dec 2020)

Paschal Donohoe: I am advised by Revenue that all issues relating to matter raised by the Deputy have been resolved. Revenue has also confirmed that the business is now registered as a Qualifying Contractor for the Help to Buy (HTB) Incentive Scheme.

Written Answers — Department of Finance: Small and Medium Enterprises (8 Dec 2020)

Paschal Donohoe: My Department has no responsibility or remit for issuing financial grants to small and medium sized Irish businesses on an ongoing basis. I understand this matter falls to my ministerial colleague in the Department of Enterprise Trade and Employment, who is also responding to a duplicate of this question.  However, my Department in conjunction with Revenue Commissioners...

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

Paschal Donohoe: The Central Bank has advised that the Tracker Mortgage Examination required all lenders to review all mortgage accounts in respect of both private dwelling houses and buy to let properties (but it did not include non-home commercial mortgages) up to the end of 2015, - that originated on tracker interest rates; - that had tracker interest rates applied at any stage...

Written Answers — Department of Finance: Tax Rebates (8 Dec 2020)

Paschal Donohoe: The Deputy will be aware that this question was the subject of extensive debate in the Dail and Seanad debates on the Withdrawal of United Kingdom from the European Union (Consequential Provisions) Bill 2020. In the course of the committee stage in the Dáil, I introduced an amendment reducing the threshold from €175, in the Bill as published, to €75 in recognition of...

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

Paschal Donohoe: As the Deputy is aware AIB is a bank which is listed on the Irish Stock Exchange and the London Stock Exchange and it would not be appropriate for me as Minister for Finance to comment on any media speculation.

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

Paschal Donohoe: The Deputy will be aware that Government policy on banking remuneration has remained unchanged since the financial crisis. Extensive restrictions are in place and these are not simply confined to a small number of senior bankers whose pay is restricted by the €500,000 pay cap. These affect circa 23,000 workers across the three banks in which the State has a shareholding. The policy...

Written Answers — Department of Finance: Departmental Staff (8 Dec 2020)

Paschal Donohoe: I wish to advise the Deputy during 2017, 2018 and 2019 the Department satisfied the 3% target of employing staff with disabilities and the Department is aware of the increase in the targets to 6% to be achieved by 2024 and is committed to achieving this revised target. The following table sets out the...

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

Paschal Donohoe: My Department has been proactive in implementing all requirements set out in the previous Return to Work Safely Protocol issued on 9th May and continues to be proactive in effectively implementing all requirements set out in the revised Work Safely Protocol - Covid-19 National Protocol for Employers and Workers issued on 20th November. Our priority continues to be the safety and...