Results 10,101-10,120 of 32,593 for speaker:Paschal Donohoe

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...

Written Answers — Department of Finance: Export Controls (19 Nov 2020)

Paschal Donohoe: The Retail Export Scheme enables visitors that are resident outside the EU benefit from VAT relief on goods purchased in Ireland and subsequently taken outside of the EU. Under existing rules, when the UK becomes a third country, visitors from Britain will be able to avail of the scheme.  No minimum threshold currently applies in respect of expenditure on which VAT relief may be...

Written Answers — Department of Finance: Departmental Contracts (19 Nov 2020)

Paschal Donohoe: I wish to advise the Deputy that none of the bodies under the aegis of my Department have third-party contracts in place for the operation of community or voluntary organisations in 2019 and to date in 2020.

Written Answers — Department of Finance: Banking Sector (19 Nov 2020)

Paschal Donohoe: As the Deputy is aware as Minister for Finance I have no role in the commercial decisions made by the banks, including the structure and level of pricing for their various product offerings. This applies equally to the banks in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks which must...

Written Answers — Department of Finance: EU Policy Group (19 Nov 2020)

Paschal Donohoe: I was elected as President of the Eurogroup on 9 July for a term of two and a half years. My main goal is to ensure a close coordination of economic policies across the euro area so as to promote growth. I am very pleased with the progress made in my first few months as President of Eurogroup in what are exceptionally challenging times.  Indeed the strong European response to Covid-19 to...

Select Committee on Justice and Equality: Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2020: Committee Stage (19 Nov 2020)

Paschal Donohoe: These amendments address part of the overall transposition of the 5thanti-money laundering directive, 5AMLD, for which various statutory instuments have been introduced in respect of other articles. Further measures are contained in this Bill. Article 31 of the directive requires that all member states establish a central register of beneficial ownership of express trusts. The deadline for...

Select Committee on Justice and Equality: Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2020: Committee Stage (19 Nov 2020)

Paschal Donohoe: These amendments all relate to the establishment of a registration and supervision regime, for AML and CTF purposes, for virtual asset services providers. The committee will be aware that these amendments propose to add a substantial chapter into the Criminal Justice Act 2010, as amended, along with other amendments to add definitions and consequential changes. I will provide an overview of...

Select Committee on Justice and Equality: Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2020: Committee Stage (19 Nov 2020)

Paschal Donohoe: I move amendment No. 3: In page 6, to delete lines 24 to 31 and substitute the following: "'virtual asset' means a digital representation of value that can be digitally traded or transferred and can be used for payment or investment purposes but does not include digital representations of fiat currencies, securities or other financial assets; 'virtual asset service provider' means a...

Written Answers — Department of Finance: Brexit Issues (18 Nov 2020)

Paschal Donohoe: Ireland regrets the UK’s decision to leave the EU, although we respect it. From 1 January 2021, many aspects of our relationship with our nearest neighbour will change fundamentally as we will no longer share EU membership. While the Government remains committed to protecting and strengthening the Ireland-UK relationship following the end of the transition period, I can advise the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (18 Nov 2020)

Paschal Donohoe: The Disabled Driver and Disabled Passengers (Tax Concessions) Scheme provides for relief on VAT and VRT, based on how much the car has been adapted and whether the beneficiary is a driver or passenger, up to a maximum of  - Disabled drivers: €10,000 - Disabled passengers: €16,000 - Specifically adapted vehicles for drivers with severe disabilities:...

Written Answers — Department of Finance: Single Euro Payments Area (18 Nov 2020)

Paschal Donohoe: The Single Euro Payments Area (SEPA) enables cashless euro-denominated retail payments to be made across the European Union and European Economic Area under the same basic terms and conditions. From 1st January 2021, payments to and from the UK will be treated as payments to and from a third country for the purposes of Regulation 2015/847/EU - Funds Transfer Regulations (FTR).  This...

Written Answers — Department of Finance: National Car Test (18 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 56 to 58, inclusive, together. I am informed by Revenue that it monitors the registration service provided by National Car Testing Service (NCTS) Centres on an ongoing basis.  In the context of the safety protocols relating to Covid-19, the capacity of NCTS Centres is restricted and there is less opportunity to increase their level of service than would...

Written Answers — Department of Finance: Revenue Commissioners (18 Nov 2020)

Paschal Donohoe: I am advised by Revenue that it has addressed the historic matters involved in this case with the person in question on numerous occasions. This included extensive correspondence and multiple meetings with the person by various senior Revenue officials. Revenue considers that the matter is now closed.

Written Answers — Department of Finance: Wage Subsidy Scheme (18 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: Consumer Protection (18 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 61 to 63, inclusive, together. The Deputy will be aware that the Central Bank is independent in its functions and decisions in relation to taking enforcement actions are for the Central Bank alone.  I am advised by the Central Bank that it has utilised its broad range of enforcement powers in an effective manner since 2016 to address breaches that...