Results 9,881-9,900 of 32,572 for speaker:Paschal Donohoe

Finance Bill 2020: Report Stage (2 Dec 2020)

Paschal Donohoe: The flexibility Deputy Doherty refers to was shown by the Revenue Commissioners in dealing with this matter, in terms of how they have dealt with this issue when the pandemic has changed so much in our country. The research Deputy Doherty is looking for will be dealt with in the context of the tax strategy group papers, which will be done as they are normally done, by next summer. This is,...

Finance Bill 2020: Report Stage (2 Dec 2020)

Paschal Donohoe: I am aware of the matters raised by the Deputy and I can advise that my officials have been in touch with their counterparts in Northern Ireland regarding this matter. In that regard, I also note that this relief applies not only to persons with UK-based employment but also in respect of employment in the EU and double taxation arrangement network regions in compliance with Ireland's treaty...

Finance Bill 2020: Report Stage (2 Dec 2020)

Paschal Donohoe: As I said in my earlier contribution on the amendment, we need a balance. It is the case that we will have far more people working from home than we had before the pandemic. We can develop a balance that is good for them and that is, in turn, good for their employers and the Irish economy. I am in favour of finding that balance. I was in favour of finding the balance before Covid-19...

Finance Bill 2020: Report Stage (2 Dec 2020)

Paschal Donohoe: I wish to make two points before going into the detail of the issues that have been raised by the Deputies. In the debate that is to ensue regarding the right balance between working at home and working in an office that is generally located in a city, we should acknowledge that there is a value in having city centres that are vibrant and busy. There is a value in that and this is not just...

Finance Bill 2020: Report Stage (2 Dec 2020)

Paschal Donohoe: I will deal with the points made by Deputies Canney and Naughten. We must look at how we can ensure that properties which are either derelict or that have been vacant for a very long period can be renovated and returned to use. I am seeing that work taking place now in local authorities through money being made available to them by the Government and the use of grants. It is the...

Finance Bill 2020: Report Stage (2 Dec 2020)

Paschal Donohoe: I also acknowledge all the work done by the officials in facilitating the smooth running of Committee Stage of the Finance Bill. I want to use my seven minutes to clarify a matter that was raised on Committee Stage in an exchange on the employment wage subsidy scheme. A debate took place between Deputy Doherty and me on amendments Nos. 176 to 180 which related to section 61. The issue...

Finance Bill 2020: Order for Report Stage (2 Dec 2020)

Paschal Donohoe: I move: "That Report Stage be taken now."

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Dec 2020)

Paschal Donohoe: The restart, restart plus and restart top-up grants are a contribution towards the cost of re-opening or keeping a business operational and re-connecting with employees and customers.  In the case of a sole trader who is within the charge to income tax, such a grant would be taken into account in computing amounts chargeable to income tax.  I am advised by Revenue that the tax...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Dec 2020)

Paschal Donohoe: The purpose of the Stay and Spend tax credit is to provide targeted support to businesses within the hospitality sector whose operations are likely to be most affected by continued restrictions.  It provides relief direct to the consumer rather than the business and, as such, it would not be practicable to redirect the relief to the industry. As a demand led scheme,...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (2 Dec 2020)

Paschal Donohoe: Payments made under the Pandemic Unemployment Payment (PUP) are income supports and share the characteristics of income. The PUP follows the general taxation rule for social welfare type payments and, thus, is chargeable to income tax, but exempt from the USC and PRSI charges. This will be the case whether, prior to receipt of the PUP, the recipient was a PAYE worker or a self-employed...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Dec 2020)

Paschal Donohoe: I assume the Deputy is referring to the accelerated loss relief provisions that I introduced earlier this year to assist companies and self-employed individuals that have been adversely impacted by the COVID-19 pandemic and related restrictions. Dealing with income taxfirst, section 10 of the Financial Provisions (Covid-19) (No. 2) Act 2020 introduced a new Chapter 2A ‘Income tax:...

Written Answers — Department of Finance: Brexit Issues (2 Dec 2020)

Paschal Donohoe: For the purposes of section 64 of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2020 the calculation of the €75 minimum expenditure is based on invoice value. A person’s total purchases from a single supplier must be greater than €75 to qualify under the scheme. The aggregate value of several goods may be used only if all...

Written Answers — Department of Finance: Tax Data (2 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 51 and 52 together. In relation to question 40711, I am advised by Revenue that tax returns do not separately identify the amount of royalty payments leaving the State for non-EU countries. Furthermore, if Irish tax legislation was amended to provide for a minimum withholding tax on all royalty payments leaving the State for a non-EU country, this would...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (1 Dec 2020)

Paschal Donohoe: The Ireland Strategic Investment Fund (ISIF) has informed me that many of the questions raised by the Deputy are commercial matters relating to Activate Capital, therefore it is not appropriate for me to comment on them as Minister for Finance. However, I am happy to say that the ISIF has committed €450m to Activate Capital, a senior lending platform which funds residential development...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 202, 213, 214, 216 and 238 together. The Covid Restrictions Support Scheme (CRSS) was announced in the Budget on 13 October 2020. The details are set out in Finance Bill 2020 and guidelines on the operation of the scheme, including the eligibility criteria, are available on the Revenue website: (www.revenue.ie/en/corporate/press-office/budget-information...

Written Answers — Department of Finance: Drug Seizures (1 Dec 2020)

Paschal Donohoe: I am advised by Revenue that, under the Criminal Justice (Psychoactive Substances) Act 2010, it has the power to detain and seize psychoactive substances, even where that substance is not prohibited, if it has reasonable grounds for believing that it will not be used for legitimate purposes and is intended for human consumption. The Criminal Justice (Psychoactive Substances) Act, 2010 is...

Written Answers — Department of Finance: Tax Code (1 Dec 2020)

Paschal Donohoe: Section 127B of the Taxes Consolidation Act (TCA), 1997 provides that income arising to an individual from an employment exercised aboard an aircraft that is operated in international traffic shall be chargeable to tax in Ireland where the aircraft is operated by an enterprise that has its place of effective management in the State. This charge to Irish tax applies to such workers in...

Written Answers — Department of Finance: Company Liquidations (1 Dec 2020)

Paschal Donohoe: The Deputy will be aware that under Section 851A of the Taxes Consolidation Act 1997, Revenue is precluded by reason of its taxpayer confidentiality obligations, from providing any details in relation to the company in question. Therefore, I am unable to provide the data requested.

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman (1 Dec 2020)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman (FSPO) is independent in the performance of his statutory functions. I have no role in the day to day workings of the office or in the decisions which he takes. I am advised that where a complaint is made to the FSPO concerning a joint account or a joint policy, the FSPO must recognise that all parties to the...

Written Answers — Department of Finance: Tax Code (1 Dec 2020)

Paschal Donohoe: I am informed by Revenue that for inheritance tax purposes, the relationship between the deceased person (i.e. the disponer) and the person who receives the gift or inheritance (i.e. the beneficiary) determines the maximum amount, known as the “Group threshold”, below which inheritance tax does not arise. The Group A threshold (currently €335,000) applies, inter alia,...