Results 9,921-9,940 of 32,572 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mortgage Data (1 Dec 2020)

Paschal Donohoe: Receivership is one of the remedies available to creditors in the case of a default on a credit contract. A receiver may be appointed under the terms of a private contract itself, or by a court or under certain statutory provisions such as the Companies Acts or the Land and Conveyancing Law Reform Acts. Under those statutory provisions and also under more general contract law, there are...

Written Answers — Department of Finance: Help-To-Buy Scheme (1 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. Section 477C Taxes Consolidation Act 1997 outlines the definitions and...

Written Answers — Department of Finance: Credit Unions (1 Dec 2020)

Paschal Donohoe: The Central Bank has advised me that it cannot comment on individual credit union cases. However, the Central Bank has informed me that credit unions have experienced savings inflows over recent years, which have outpaced loan demand from their members. The savings which a credit union does not lend to its members must be invested while ensuring that such investments do not result in undue...

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

Paschal Donohoe: This matter concerns a benefit-in-kind (BIK) charge arising to an employee in respect of an employer provided car. In this case the employee incurred reduced business mileage during 2020 due to the impact of COVID-19 and may therefore have a higher tax liability than anticipated as a result of reduced business travel. The options available to such a taxpayer together with the applicable tax...

Ceisteanna Eile - Other Questions: Credit Availability (26 Nov 2020)

Paschal Donohoe: The Government will be bringing forward proposals in this regard. These will be effective and will deal with issues relating to the legality of moneylending and the interest rates charged. I represent and engage with constituents who are dealing with the matters to which the Deputy has referred. The Government is implementing a significant number of policies to protect those families as we...

Ceisteanna Eile - Other Questions: Covid-19 Pandemic Supports (26 Nov 2020)

Paschal Donohoe: I will continue to follow up on this matter. It is very important, not only for those directly affected who are looking to draw down a mortgage but also because the programmes that we have in place now will be in place throughout much of 2021. It is important in the context of our mortgage market continuing to operate and mortgages continuing to be issued, that broad schemes which will...

Ceisteanna Eile - Other Questions: Covid-19 Pandemic Supports (26 Nov 2020)

Paschal Donohoe: We will do so. Many of the decisions on the granting of a mortgage were made at a time when the country and the world were very different; things have changed now. I know Deputy O'Sullivan is not advocating an irresponsible approach to these matters. The case he is making is that if there is every prospect of an employer continuing to be viable in the future, that should be taken into...

Ceisteanna Eile - Other Questions: Credit Availability (26 Nov 2020)

Paschal Donohoe: I thank Deputy Gould for raising this matter. I engage with the credit union movement regularly and since this terrible disease arrived on our shores, I have made a point of meeting the leaders of the main credit union organisations. I assure the Deputy that I will ask them to continue to be aware of the vulnerability of some of their customers and members at this difficult time and of the...

Ceisteanna Eile - Other Questions: Credit Availability (26 Nov 2020)

Paschal Donohoe: The very reason we introduced the EWSS and the PUP was to protect the incomes of all, but particularly the most vulnerable, as we deal with the ravages of this terrible disease. The biggest action the Government can take is to put in place direct measures to support the income of families at this most difficult time and we have done that. The PUP has made a decisive difference to those who...

Ceisteanna Eile - Other Questions: Brexit Supports (26 Nov 2020)

Paschal Donohoe: I thank the Deputy for raising this very important matter. My Department has been participating in whole-of-government preparations for Brexit since before the UK referendum in 2016 and, in line with the Government's overall approach, it has intensified work ahead of the end of the transition period on 31 December. Without prejudging the outcome of ongoing negotiations between the EU and...

Ceisteanna Eile - Other Questions: Brexit Supports (26 Nov 2020)

Paschal Donohoe: I will do so and I thank the Deputy again for raising a very important matter. I assure him that the Department of the Taoiseach and all of us in the Government are working in an integrated and very careful way to ensure we can access our fair share - a good share - of the Brexit adjustment reserve fund that the Deputy refers to. I am now familiar with these kinds of negotiations and the...

Ceisteanna Eile - Other Questions: Brexit Supports (26 Nov 2020)

Paschal Donohoe: Matters relating to customs policy and procedures are dealt with at a central level by the European Union and we have requirements we need to uphold as the UK formally becomes a third country. I know the EU will try to ensure the rolling out and introduction of new customs procedures will be done in a way that is proportionate and will reduce the adverse effect on businesses that are trading...

Ceisteanna Eile - Other Questions: Covid-19 Pandemic Supports (26 Nov 2020)

Paschal Donohoe: I was about to ask which question this refers to.

Ceisteanna Eile - Other Questions: Covid-19 Pandemic Supports (26 Nov 2020)

Paschal Donohoe: The numbers do not make a difference in me getting to the material. I can deal with the Deputies' questions and I thank them for raising the matter. I propose to take Questions Nos. 68 and 71 together. I have raised the matter with the chief executive officers of all the banks and my officials continue to raise it. I have passed this view strongly to the banks and some have now indicated...

Ceisteanna Eile - Other Questions: Tax Code (26 Nov 2020)

Paschal Donohoe: Deputy Naughten raises an important matter in regard to care. The care that people provide to other family members is indispensable to those families and also allows the State to look after those who are vulnerable, in particular those who are elderly and vulnerable. I have concerns about making changes to a scheme that does provide such a significant amount of additional relief under...

Ceisteanna Eile - Other Questions: Insurance Industry (26 Nov 2020)

Paschal Donohoe: I acknowledge all the work Deputy Nash has done in raising the interests of the arts sector. It is an area that he and I both feel very strongly about. We look forward to the point at which we will be able to enjoy live music gigs again. We truly appreciate the value of live performance when we are not able to enjoy it in the way we were in the past. I recognise the work done by the...

Ceisteanna Eile - Other Questions: Insurance Industry (26 Nov 2020)

Paschal Donohoe: Yes, I will raise this matter. I am aware that forbearance measures are being made available to the arts sector, but I did think that they were being made available in a manner that was typical of what happened with motor insurance earlier in the year. My understanding is that this was not being done through a common forbearance decision, but that it was being dealt with on a...

Ceisteanna Eile - Other Questions: Insurance Industry (26 Nov 2020)

Paschal Donohoe: We have a while to go on that yet but I hope they will be able to do that with as low a level of debt as possible. I will get back to Deputy Nash on the matter.

Ceisteanna Eile - Other Questions: Insurance Industry (26 Nov 2020)

Paschal Donohoe: I assure Deputy Nash that we are trying to get the balance right between the absolute imperative of keeping citizens safe and healthy and recognising the deep and intrinsic value of culture. Such culture includes live performances and museums. I look forward to the day, for example, when schoolchildren can go into our museums again and we can have Irish and international artists performing...

Ceisteanna Eile - Other Questions: Covid-19 Pandemic Supports (26 Nov 2020)

Paschal Donohoe: I can give the Deputy further information about his constituency in the context of how the counties are drawing down the other supports he mentioned. Looking at Offaly and Laois collectively, there are now 379 employers participating in the employment wage subsidy scheme. There are 4,056 employees of those 379 employers participating in the scheme. I raise that because that is the other...