Results 10,001-10,020 of 33,280 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (24 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 165 and 186 together. The Pandemic Unemployment Payment (PUP) is a social welfare payment for workers who have become unemployed due to the COVID-19 pandemic. PUP payments are classified in legislation as income supports and are subject to income tax. The taxation arrangements for the PUP were legislated for in Finance Act 2020 which reflects the standard...

Written Answers — Department of Finance: Brexit Issues (24 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 166 to 169, inclusive, together. Following the withdrawal of the UK from the European Union, an import of a vehicle from Great Britain is treated as an import from a third country, i.e. a non-EU country. If a vehicle is imported from Great Britain into Ireland, the importer is required to complete a customs declaration and pay customs duty, if applicable, and...

Written Answers — Department of Finance: Vehicle Registration Tax (24 Feb 2021)

Paschal Donohoe: I am informed by Revenue that some customers experienced difficulties with the VRT calculator between 9 February and 15 February. The calculator returned an error message in some cases but is working satisfactorily since the error was corrected and the service was restored on Monday 15 February. Revenue’s website provides a very broad range of information spanning the entire body...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: The wage subsidy schemes have been a key component of the Government’s response to the continued Covid-19 crisis to support viable firms and encourage employment in the midst of these very challenging times. The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020 and legislated for in section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020....

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: The Covid Restrictions Support Scheme (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. Details of the CRSS are set out in Finance Act 2020 and operational guidelines are published on the Revenue website at link; . I am advised by Revenue that all...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: I am advised by Revenue that Employment Wage Subsidy Scheme (EWSS) payments are generally made to employer nominated back accounts within two working days of receipt of the relevant payroll submissions. Revenue has also confirmed that the EWSS payments in question were paid to the person’s nominated bank account on 18 February 2021. Revenue contacted the person’s tax agent...

Written Answers — Department of Finance: Mortgage Lending (24 Feb 2021)

Paschal Donohoe: I appreciate the stress and uncertainty that many borrowers are facing at this difficult time, and those borrowers who are experiencing difficulty in meeting their repayments will continue to need assistance and support from their lenders. In this regard it is the clear expectation of both the Government and the Central Bank that lenders engage effectively and sympathetically with distressed...

Written Answers — Department of Finance: Mortgage Lending (24 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 176 and 177 together. It is the clear expectation of both the Government and the Central Bank that lenders engage effectively and sympathetically with distressed borrowers to deliver appropriate and sustainable solutions and treat borrowers at all times, including in response to COVID-19, in line with Central Bank’s robust consumer protection...

Written Answers — Department of Finance: Ministerial Advisers (24 Feb 2021)

Paschal Donohoe: I wish to inform the Deputy that on the commencement of every Dáil, the Department of Public Expenditure and Reform issues guidelines setting out the arrangements for the staffing of Ministerial Offices. The appointment of Special Advisers is subject to section 11 of the Public Service Management Act 1997. The appointment of individual Special Advisers is a matter for each Government...

Written Answers — Department of Finance: Departmental Staff (24 Feb 2021)

Paschal Donohoe: I wish to advise the Deputy that there are multiple Civil Service pay scales and too many to provide in tabular form below. The current pay scales, effective since 1st October 2020, can be found at . The table below details the headcount of grades by gender in my Department. It also provides the minimum and maximum salary values for each grade. Salary...

Written Answers — Department of Finance: Departmental Reviews (24 Feb 2021)

Paschal Donohoe: I can advise the Deputy that my Department is currently carrying out the following live studies, reviews and research projects: Live studies, reviews and research Scheduled for completion Review of Home Building Finance Ireland (HBFI) in line with Section 24(2) of the HBFI Act. Q1 2021 Public consultation on the implementation of...

Written Answers — Department of Finance: Tax Yield (24 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 181 and 182 together. The digitalisation of the economy in recent years has brought changes to how business operates and pays tax internationally. Some countries have sought to address this by introducing unilateral domestic digital taxes. It is my strong belief that addressing the tax challenges arising from digitalisation is a global problem which...

Written Answers — Department of Finance: Housing Issues (24 Feb 2021)

Paschal Donohoe: I would like to advise the Deputy that, as the Minister for Finance, I am not in a position to comment on the activities of specific taxpayers. I can however provide the following overview of the tax regime applicable to different types of collective investment in Irish property. The normal tax treatment afforded to collective investment funds is that the monies invested are allowed to...

Written Answers — Department of Finance: Tax Yield (24 Feb 2021)

Paschal Donohoe: I am informed by the Revenue Commissioners that the yield from Life Assurance Exit Tax was €128 million in 2019 and the provisional yield for 2020 is €124 million. The forecasts published by my Department as part of Budget 2021 forecast a yield of €125 million for Life Assurance Exit Tax in 2021. However, the Deputy should be aware that these forecasts were based on the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 189 and 196 together. I am advised by Revenue that 23,590 applications have been received to date under the Covid Restrictions Support Scheme (CRSS). Of these, 20,165 (85%) successfully registered for the scheme with €307 million paid out to date. Of the remaining 3,425 applications, 449 cases are currently being processed, while 2,976 cases...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

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. Details of CRSS are set out in Finance Act 2020 and detailed operational guidelines, which are based on the terms and conditions of the scheme as set out in the legislation, have been published on the...

Written Answers — Department of Finance: Vehicle Registration Tax (24 Feb 2021)

Paschal Donohoe: I am advised by Revenue that the cost of Vehicle Registration Tax (VRT) relief on electric cars since its introduction is set out in the following table. Cost of relief €m 2006 0.003 2007 0.003 2008 0.02 2009 0.03 2010 0.2 2011 ...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (24 Feb 2021)

Paschal Donohoe: ISIF publishes bi-annual reporting which contains an update on the status of the operation of the Ireland Strategic Investment Fund, including economic impact reporting. The latest report available on the ISIF website at the following link: ) sets out an overview of ISIF as at 31 December 2020, together with an economic impact report in respect of H1 2020: - ISIF portfolio has generated in...

Written Answers — Department of Finance: Tax Compliance (24 Feb 2021)

Paschal Donohoe: I am advised by Revenue that employees in some sectors, such as the construction industry, may be required to travel to work at different sites. The payment of country money is designed to compensate such employees for expenses incurred travelling varying distances to and from building sites and to cover subsistence expenses. Country money can be paid without deduction of tax where...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (24 Feb 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which is provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, operated from 26 March 2020 to 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. The scheme was introduced as an emergency measure to provide financial support to businesses that were severely...