Results 10,041-10,060 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tribunals of Inquiry (24 Nov 2020)

Paschal Donohoe: My Department is currently not undertaking or in the process of setting up any tribunals, enquiries, or investigations.

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (24 Nov 2020)

Paschal Donohoe: The protection of mortgage borrowers, including those in arrears, is a key priority for both the Central Bank. The Code of Conduct on Mortgage Arrears (CCMA) must be complied with as a matter of law and the Central Bank has the power to take enforcement action against any regulated entity who does not act in compliance with the CCMA. Whilst no public enforcement actions have been taken...

Written Answers — Department of Finance: Wage Subsidy Scheme (24 Nov 2020)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) has been deliberately designed as an economy wide enterprise support that is open to all sectors on the basis of a turnover test that can be applied across the whole economy while at the same time remain targeted at employers who are considered to be most in need of support. The EWSS turnover test has been specifically calibrated so as to target...

Written Answers — Department of Finance: Revenue Commissioners (24 Nov 2020)

Paschal Donohoe: I am advised by Revenue that a request to review the decision insofar as it relates to the person concerned has very recently been received by them and the matter is now being examined. When Revenue has completed its consideration of this matter, it will advise of the outcome to the person concerned and to the Deputy.

Written Answers — Department of Finance: Tax Exemptions (24 Nov 2020)

Paschal Donohoe: I am informed by Revenue that there are a number of exemptions from Income Tax, Corporation Tax and Capital Acquisition Tax in respect of donations for sporting or charitable purposes, outlined as follows. A gift or an inheritance which is taken for public or charitable purposes is exempt from both gift tax and inheritance tax and is not taken into account when computing tax to the extent...

Written Answers — Department of Finance: Tax Credits (24 Nov 2020)

Paschal Donohoe: I am advised by Revenue that there has been no change to the “four-year rule” for repayment claims, which is provided for in section 865 Taxes Consolidation Act 1997 (TCA) and applies to claims made on or after 1 January 2005. There have been no substantive changes to the rule since its introduction. The four-year rule is not a matter of Revenue’s...

Written Answers — Department of Finance: Community Banking (24 Nov 2020)

Paschal Donohoe: This question is primarily a matter for the Minister for the Environment, Climate and Communications, Mr Eamon Ryan TD, as An Post is a body under the aegis of his Department. My role in relation to the provision of services by An Post relates purely to payment services, for which I as the Minister for Finance authorise An Post to provide. This authorisation is under the Postal and...

Written Answers — Department of Finance: Banking Sector (24 Nov 2020)

Paschal Donohoe: As the Deputy may be aware, as the Minister for Finance I have no function in relation to bankruptcy, which is a matter for my colleague the Minister for Justice. The provision of products or services, including a business bank account, to a business or consumer is a ultimately a commercial decision for regulated financial service providers to make on a case-by-case basis. I am advised...

Written Answers — Department of Finance: Pension Provisions (24 Nov 2020)

Paschal Donohoe: I am advised by Revenue that additional voluntary contributions (AVCs) are contributions that an individual can make to an occupational pension scheme in the public or private sector, in addition to their normal contributions, to increase her retirement benefits. An individual can choose the rate at which they contribute to an AVC. Tax relief is available on the amount the individual pays,...

Written Answers — Department of Finance: Wage Subsidy Scheme (24 Nov 2020)

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...

Written Answers — Department of Finance: Help-To-Buy Scheme (24 Nov 2020)

Paschal Donohoe: Section 477C of the Taxes Consolidation Act 1997 requires that applicants for the Help to Buy Scheme (HTB) must be first-time buyers. This includes circumstances where there is more than one person involved in the purchase or building of a new home. The definition of first time buyer in Help to Buy is as follows: 'first-time purchaser' means an individual who, at the time of a claim under...

Written Answers — Department of Finance: Revenue Commissioners (24 Nov 2020)

Paschal Donohoe: I am advised by Revenue that, based on the advice of the Attorney General’s Office, it has not made any disclosure requests to communications service providers under the Communications (Retention of Data) Act 2011 since December 2018. The following table outlines the number of disclosure requests made under the Act since 2017: Year Number of disclosure requests ...

Written Answers — Department of Finance: Mortgage Lending (24 Nov 2020)

Paschal Donohoe: As you will be aware, both officials and I have engaged and will continue to engage extensively with the Banking and Payments Federation (BPFI) and the banks directly in relation to supports for personal and business customers affected by the COVID-19 crisis. Officials in my Department are alert to issues raised directly by the public and these inform the Department’s ongoing...

Written Answers — Department of Finance: Mortgage Lending (24 Nov 2020)

Paschal Donohoe: The Central Bank has advised that the Consumer Protection Code 2012 (the Code) sets out timeframes for assessing a mortgage application. A regulated entity is required to make a decision on a mortgage application within 10 business days of receipt of all documents or items of information necessary to assess the application. If the regulated entity cannot make a decision on whether it will...

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

Paschal Donohoe: I am advised by Revenue that OLAF, the European Anti-Fraud Office, notified it of concerns regarding the importation of a hand sanitiser product from Turkey to Ireland on 24 September 2020. Revenue subsequently notified the Department of Agriculture, Food and the Marine on 25 September 2020.

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

Paschal Donohoe: I propose to take Questions Nos. 124 and 128 together. The details of the Covid Restrictions Support Scheme (CRSS) are set out in the Finance Bill 2020 and guidelines on the operation of the scheme are available on the Revenue website (). The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to...

Written Answers — Department of Finance: Help-To-Buy Scheme (19 Nov 2020)

Paschal Donohoe: Section 477C of the Taxes Consolidation Act 1997 requires that applicants for the Help to Buy Scheme (HTB) must be first-time buyers. This includes circumstances where there is more than one person involved in the purchase or building of a new home. Revenue has advised me that according to its records one of the persons involved in the purchase of the property in question is not a...

Written Answers — Department of Finance: Wage Subsidy Scheme (19 Nov 2020)

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...

Written Answers — Department of Finance: Employment and Investment Incentive Scheme (19 Nov 2020)

Paschal Donohoe: By way of background, a review of the Employment Investment Incentive (‘EII’) scheme and Start-Up Relief for Entrepreneurs (‘SURE’) was carried out and changes to the administration of the scheme were implemented in Finance Act 2018.  SURE, was previously known as the Seed Capital Scheme (‘SCS’). From 1 January 2019 qualifying companies can...

Written Answers — Department of Finance: Tax Collection (19 Nov 2020)

Paschal Donohoe: Stamp duty is levied on financial cards, charge cards and credit card accounts. The financial institution issuing the card collects the duty from cardholders on behalf of Revenue, and charge the card holder’s bank, credit or charge card account with the stamp duty for which they are liable annually. The current regime was introduced in Budget 2016/Finance Act 2015...